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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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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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The Ebola epidemic in eastern Congo is impacting education by disrupting economic cycles, making school supplies unaffordable. Attempts to introduce distance learning via radio face skepticism due to poor infrastructure and literacy issues.
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NASA's New Horizons probe risks the shutdown of two instruments due to $4 million in promised funding not being paid. These funds are designated for data analysis by employees.
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47% of Gen Z in the UK (aged 18-27) are not considering their retirement, and 12% have stopped saving for it entirely. Many young people feel unable to afford retirement due to the cost of living crisis, stagnant wages, and uncertainty.
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