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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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The Volkswagen supervisory board approved a restructuring plan involving 50,000 job cuts globally and a reduction in models. Several state premiers are advocating for the preservation of their VW plants, which are considered uncompetitive and may explore alternative uses.
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Germany's Labour Minister Bas is calling on Volkswagen to maintain its German production sites in Neckarsulm, Hanover, Emden, and Zwickau. While the federal government welcomes a cost-saving plan, it vaguely hopes for sustainable solutions. A state premier estimates up to 25,000 jobs in Germany are at risk.
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North Rhine-Westphalia's Minister-President Hendrik Wüst visited a moon simulation center and a lignite mining area on his summer tour. Microsoft announced its largest single investment in Germany for four data centers there, and a new quantum computer was inaugurated in Jülich.
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EU Interior Ministers aim for agreements with third countries for migration return centers by the end of the year. Denmark's Interior Minister Bødskov anticipates the first deportations by the end of 2027.
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The UN Environment Programme (UNEP) warns the 1.5-degree temperature limit could be exceeded in the coming years. Following flash floods in Nepal and Tibet that caused over 1,000 deaths, Nepal is demanding compensation from major CO2 emitters. Turkmenistan has begun to close large methane leaks in its oil and gas facilities.
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The release of internal draft laws and letters to the media, known as "leaks," is used as a political tool. This can manipulate public opinion, as seen with the Building Energy Act, and poses risks to government unity.
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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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