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High fuel prices in Europe are due to tight refinery capacities, disrupted trade routes, and a general diesel shortage, despite moderate crude oil prices. Refinery margins are high as demand for finished products exceeds supply.
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By 2040, 30 percent of Germany's working population will retire, slowing economic growth. McKinsey suggests Germany could achieve up to 2.6 percent growth by 2030 through productivity increases and higher labor volume.
Companies & MarketsFinance & Stock MarketIT & Internet
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AI company Anthropic has postponed its planned IPO, which aims for a valuation of up to two trillion dollars, to mid-October. The prospectus was originally scheduled for release next week.
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The CDU parliamentary group in Rhineland-Palatinate is maintaining its refusal to meet with Friedrich Merz. The reason cited is his handling of former Transport Minister Schnieder during a cabinet reshuffle.
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President Steinmeier honored approximately 2,000 volunteers from various fields at a citizens' festival in Bonn. The event took place at Villa Hammerschmidt due to renovations at Bellevue Palace in Berlin.
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The UN has voted to replace the Mercator world map with a new map that more accurately depicts the actual size of Africa. 164 states voted in favor, while the USA rejected the initiative as an "ideological project."
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Author Kleffner expresses concern that democratic initiatives in Saxony-Anhalt might be abandoned after the state election. She highlights that these initiatives bravely defend democracy despite facing significant daily challenges.
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Four German states are calling for increased federal investment in inland navigation infrastructure and support for ships capable of operating in low water. They argue that waterway maintenance is lagging behind needs, while road and rail receive greater funding.
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The British party Reform UK faces accusations of circumventing foreign donations. Party leader Nigel Farage rejects the allegations, calling it a targeted smear campaign.
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France's Minister for European Affairs, Benjamin Haddad, is confident voters will reject extremism in the presidential election. While polls show Marine Le Pen leading the first round, Haddad points to past elections where French citizens voted against extreme candidates.
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