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Turkey plans to privatize the two Bosphorus bridges and eight highways for 30 years, with ownership remaining with the state. The awarding of operating rights is expected to be completed by the end of 2031.
Companies & MarketsConsumer ProtectionIT & Internet
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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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US national debt has surpassed 40 trillion dollars, with interest payments now exceeding defense spending. Economists warn this comes at the expense of future investments, though an immediate default is unlikely.
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As of September 1, over 50,000 applications for e-car subsidies have been approved, with approximately 230 million euros disbursed. The subsidies, aimed at lower-income individuals, range from 1,500 to 6,000 euros depending on the model and income.
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Iranian media report a US forces attack on an Iranian oil tanker near Kharg Island. The incident occurred one day after alleged Tehran missile launches toward the Strait of Hormuz and US attacks on Iranian positions.
Companies & MarketsConsumer ProtectionIT & Internet
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Acer has introduced the modular "Vero 16" notebook, which can be upgraded with standard tools. The company plans to offer spare parts through Enfinitec Germany GmbH and IPC Computer, but has not provided specific availability timelines.
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Deka Chief Economist Kater views rising government bond yields as a warning signal for fiscal policy. However, he does not expect a global financial crisis, as established currencies offer repayment options.
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Several EU states are pushing to use frozen Russian assets totaling 210 billion euros for Ukraine. Belgium, currently holding these funds, fears lawsuits and risks. A new proposal suggests transferring the assets to an EU-owned custodian to minimize Belgium's liability.
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The German federal government plans to abolish penalty-free early retirement for those with long insurance records, facing opposition from eight state premiers. The measure costs the pension insurance around 400 million euros annually, with savings only materializing after five years due to transition periods.
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81 people in France fell ill with salmonellosis after consuming pumpkin seeds. The affected products originated from a processing plant in the Lot-et-Garonne department and were sold at various retailers, including Grand Frais.
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