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Ecuador's Supreme Court has found former President Lenín Moreno guilty of corruption. Bribes totaling $76 million were paid in connection with the construction of the "Coca Codo Sinclair" hydroelectric plant by Sinohydro. Moreno announced he will appeal the verdict.
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King Harald V. of Norway has died at the age of 89. He was considered a unifying figure for the country, known for his ability to unite Norwegian society with his words, particularly regarding diversity and after terrorist attacks.
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Norway's King Harald has died at the age of 89 in Oslo. He was the oldest reigning monarch in Europe. His son Haakon will succeed him.
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Hendrik Holt, sentenced to seven and a half years for fraud involving wind farm projects, has escaped from custody in Berlin during his leave. The Osnabrück public prosecutor's office has initiated a manhunt.
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The National University of Singapore (NUS) is receiving a cloud system with 20 CL1 devices, each containing approximately 800,000 human nerve cells. Developed by start-up Cortical Labs, these biological computers use cultured neurons instead of transistors and are intended for researching medical agents and neurological diseases.
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Chinese manufacturer Dreame has stopped its plans to produce luxury electric cars. The company will instead focus on smart home, outdoor and garden, intelligent mobility, and smart tools. A planned factory in Brandenburg will not be built.
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Solara4, the British operator of Portugal's largest solar park, has become insolvent. This is due to lower-than-forecasted electricity production, falling wholesale prices, and disputes with the construction company.
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Semiconductor manufacturer Infineon is acquiring the Indian AI startup C2i Semiconductors. C2i develops control chips for AI data centers that compensate for power fluctuations. The transaction is expected to close in the third quarter of 2026.
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AI platform Hugging Face is reportedly exploring a potential sale, aiming for a valuation of at least $13 billion. The company is working with an investment bank to gauge interest from potential buyers.
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Four former Commerzbank employees have been indicted on suspicion of serious tax evasion in connection with Cum-Ex transactions. They are accused of causing tax damage exceeding 20 million euros through transactions between 2006 and 2011.
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