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US mediators, including Witkoff and Kushner, will travel to Kyiv on Sunday to present a proposal to end the Ukraine war. President Zelenskyy called on Russia to refrain from airstrikes during the visit.
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The EU plans stricter regulations for holiday rental platforms like Airbnb to combat the shortage of affordable housing in tourist hotspots. Municipalities will be able to more easily implement rental limits if housing scarcity demonstrably increases.
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AI-generated
AI company Anthropic is planning a $2 billion IPO. This brings a group of external trustees into focus, who control the majority of the board of directors. These trustees are intended to secure the company's mission of developing AI for the long-term benefit of humanity.
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European households are reallocating their budgets due to high essential expenses and inflation, reducing spending on transport and communication to increase outlays for culture, dining, and well-being. Lower-income households have less capacity for these shifts.
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EU Enlargement Commissioner Dubravka Šuica cancelled her trip to Serbia because the glorification of Ratko Mladić's death is incompatible with EU values. Serbia has been an EU candidate country since 2012.
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Global food prices rose 1.9 percent in August compared to July, reaching their highest point since late 2022. Extreme weather and military conflicts are causing supply shortages. The FAO lowered its global grain production forecast by two percent.
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US Trade Representative Jamieson Greer criticizes the UK's continued adherence to EU rules, hindering a trade deal with the US. Prime Minister Andy Burnham seeks closer EU cooperation, as the British public lacks a clear vision for the future.
Companies & MarketsTrade & ConsumptionIT & Internet
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Netflix is discontinuing its ad-free Basic subscription for existing customers. Those wishing to continue watching without ads must switch to the Standard plan, resulting in a 60 percent price increase. An ad-supported subscription is also available as an alternative.
Companies & MarketsTrade & ConsumptionIndustry & Production
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In the first half of the year, Germany saw 33 large insolvencies with annual revenues exceeding 50 million euros, a ten percent increase compared to the previous year. The automotive industry was the most affected.
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South Korea is examining a potential participation in US-led security operations in the Strait of Hormuz. A final decision is pending, with maintaining its own military readiness cited as a condition.
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