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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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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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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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Swiss mobile providers Salt and Sunrise plan an expanded cooperation to build out their mobile network, particularly in rural areas. The goal is improved network quality for customers, with both companies remaining independent competitors. Implementation is subject to regulatory approval.
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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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The Bundesbank expects a slowdown in the German economy due to low water levels. Restricted goods transport on waterways is leading to delivery delays and increased transport costs, which could affect production.
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The order backlog in German industry reached a level in June not seen in over a decade. This indicates a positive business situation, despite economic challenges such as high oil prices.
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The number of employed persons in the service sector decreased by 0.1 percent in the second quarter of 2026 compared to the previous year. A total of 187,744 companies in Germany ceased operations last year, the highest number in almost 20 years.
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The three-Michelin-starred Brazilian restaurant Tuju is flexibly adapting its menu to changing climatic conditions. Menus change based on weather and rainfall to utilize seasonal products in optimal condition.
Police & InvestigationsWhite-Collar CrimeIT & Internet
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An international gang allegedly defrauded bank customers of millions of euros by exploiting a vulnerability in a payment service provider's software update. Suspects were arrested and objects searched in a joint operation by German and Brazilian authorities.
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