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AI-generated
Canada is introducing tariffs of up to 50 percent on US imports, including steel, aluminum, appliances, farm machinery, and electronics, starting at midnight. This is a response to US tariffs on Canadian goods that took effect in August after trade talks failed.
GovernmentCompanies & MarketsHousing & Urban Development
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AI-generated
Spain has launched a new state housing portal, CASA 47, offering 800 rental apartments with income-dependent rents. Rents are capped at 30 percent of income, with initial contracts lasting 14 years.
Companies & MarketsFinance & Stock MarketIT & Internet
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El Salvador's President Nayib Bukele denies that the country's Bitcoin reserves have been transferred to a private operator. An agreement with the IMF involved transferring the state-owned e-wallet "Chivo" to a private operator, not the strategic Bitcoin holdings.
Companies & MarketsFinance & Stock MarketIT & Internet
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AI-generated
Approximately 4,000 Bitcoin, valued at around 320 million US dollars, were withdrawn from Liquid Network. The incident, affecting the company's Liquid Federation wallet, is attributed to a potential software error in the underlying Elements open-source codebase.
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Goldman Sachs experts anticipate oil prices could rise to $120 per barrel. This forecast is due to the tense situation in the Strait of Hormuz, which has reduced shipping traffic to its lowest point since May.
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Record prices for diesel and gasoline in Portugal have led to protests. Diesel reached €2.169 per liter and gasoline €2.142 per liter. An analysis by regulator ERSE found no evidence of exploitation by operators.
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AI-generated
The EU is investing an additional 200 million euros in Greenland to strengthen cooperation on critical raw materials and communication links. EU Commission President von der Leyen signaled independence from Washington's threats regarding Greenland.
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AI-generated
Volkswagen plans to cut up to 110,000 jobs by 2030 as part of a restructuring plan. This aims to reduce overhead costs by eleven billion euros.
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AI-generated
The president of the German Renewable Energy Federation (BEE) warns that an AfD election victory in Saxony-Anhalt could severely hinder renewable energy expansion. The AfD plans an "energy policy about-face," while the BSW views renewables as indispensable but wants to change their promotion.
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Business representatives in Saxony-Anhalt are concerned about the impact of an AfD-led state government, particularly regarding skilled immigration and the state's attractiveness to foreign workers and investors. Experts doubt the feasibility of many AfD demands at the state level.
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