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A Green politician is calling on the German government to review the cooperation of the fuel element factory ANF in Lingen with the Russian state-owned company TVEL/Rosatom. This is deemed necessary given Russia's responsibility for a drone attack in Leipzig. The production of nuclear fuel for Eastern European nuclear power plants is to be re-evaluated.
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German company Isar Aerospace successfully delivered a payload into low Earth orbit with its Spectrum rocket. This makes Isar Aerospace the first European company to reach orbit with a self-developed launch vehicle system.
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The Higher Regional Court of Düsseldorf rejected Vodafone's urgent application to declare the Federal Cartel Office biased. The Cartel Office can now decide on allegations of market abuse against Vodafone concerning the expansion of the 1&1 mobile network.
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In the state election in Saxony-Anhalt, the AfD is expected to achieve a record result, while the CDU could suffer significant losses. The mood is marked by concern over the economy and rising prices.
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The crisis in Iran has led to a price increase for recycled plastic in Cairo's garbage city, with one kilogram now fetching five instead of one pound. This allows some waste pickers, who informally handle disposal for over 20 million residents, to achieve higher profits.
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Dr. Nikolas Stihl, Chairman of the Supervisory Board of STIHL, is calling for a 40-hour work week without wage compensation to strengthen the German economy. He criticizes domestic issues like high costs and bureaucracy, emphasizing the need to increase work volume to maintain prosperity and the welfare state.
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Volkswagen has decided on a savings plan that includes the elimination of around 100,000 jobs worldwide. The company also plans to halve its model range and reduce R&D investments to increase profitability. However, experts criticize a lack of a forward-looking strategy.
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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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The Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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