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Chancellor Merz warned of further job losses in Germany's industrial sector. Volkswagen plans to cut 50,000 jobs and reduce its model range, with the future of four German plants uncertain.
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Isar Aerospace plans a new launch attempt with its Spectrum rocket after the first attempt failed last year after 30 seconds. The company states it has already secured orders worth several hundred million dollars until 2028.
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The tech industry is massively cutting jobs in 2026, with over 12,900 positions eliminated in Silicon Valley alone by September. This figure already exceeds last year's level by 27 percent and is attributed to investments in artificial intelligence.
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As of September 1, over 50,000 applications for e-car subsidies have been approved, with approximately 230 million euros disbursed. The subsidies, aimed at lower-income individuals, range from 1,500 to 6,000 euros depending on the model and income.
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The US military attacked three Iranian oil tankers in the Persian Gulf and Gulf of Oman. Two ships were permanently disabled, and a third was destroyed. The US cited prior missile attacks by the Iranian Revolutionary Guard on US warships as justification.
Companies & MarketsPolice & InvestigationsIT & Internet
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A series of suspected sabotage acts at substations in Brandenburg and North Rhine-Westphalia, where wires were thrown into overhead lines using homemade devices, caused brief interruptions and the shutdown of power plant units. Investigations are ongoing, and claims of responsibility have been received.
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A German Environmental Aid (DUH) report found 160 out of 249 examined company cars exceeded the EU CO2 fleet limit. The proportion of fully electric vehicles decreased from the previous year, while that of combustion engines increased.
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A turbulent session in the Polish parliament saw Prime Minister Tusk reveal details from investigations into a crypto exchange scandal, naming former Justice Minister Zbigniew Ziobro. An attempt to override a presidential veto on a cryptocurrency law failed.
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The funeral of convicted war criminal Ratko Mladić is taking place in Belgrade, but without state or military honors. The Serbian government denies accusations of glorification, while the EU criticizes this as incompatible with its values.
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At least five shots were fired at a bar in Cologne, leaving four bullet holes in the facade. Police are searching for two suspects and investigating possible links to two other attacks on Turkish restaurants this week, which may involve extortion attempts.
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