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Portugal is negotiating with Air France-KLM and Lufthansa regarding the sale of up to 49.9 percent of the airline TAP. Both bidders have submitted binding offers that are close to each other, according to the government.
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A musician sang of an "Intifada like the PFLP," an organization linked to suicide bombings with explosives and nails, and hijackings. The PFLP was also involved in the October 7, 2023 attacks.
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A Russian drone struck the headquarters of the Ukrainian Security Service (SBU) in Kyiv, injuring at least five people. Ukrainian President Volodymyr Zelenskyy ordered a response to the attack.
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EU auditors criticize that despite significantly increased defense spending, defense readiness remains a challenge until 2030. The rearmament also endangers public finances through increasing debt financing.
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VW preferred shares rose by almost six percent after the supervisory board approved a restructuring plan. This plan involves cutting 50,000 jobs, half of which will be in Germany.
Companies & MarketsFinance & Stock MarketIT & Internet
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Norway's sovereign wealth fund is examining crisis scenarios for its equity portfolio. Geopolitical tensions could lead to a 30-40% loss in value, while a failure of the AI boom could result in losses of 18-35%.
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The federal government and the state are providing 110 million euros for the renovation of Friedenstein Castle, with each contributing half. The funds will secure the historic building fabric and improve its use for museums and research.
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France is providing farmers with one billion euros in emergency aid to prevent bankruptcies and support production. Up to 35,000 farms are threatened with insolvency.
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