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Following Jens Spahn's resignation due to a surrogacy affair, Karl-Theodor zu Guttenberg has taken over the Health Ministry and Peter Ramsauer the Transport Ministry.
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French AI startup Mistral has secured three billion euros in a funding round, valuing the company at over 21 billion euros. The company plans to invest the capital in research, development, and infrastructure.
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The Swiss government plans to reduce its reliance on Microsoft software. A feasibility study was positive, and a larger trial with 3,000 employees is planned. An alternative software platform is expected to be available by the end of 2027.
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A new forum in Jerusalem, "Within Your Gates," aims to foster understanding of different narratives and conflicts surrounding the city by bringing together experts from various disciplines and religions. The goal is to contribute to peace in the Middle East through improved situational understanding.
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Following the AfD's victory in Saxony-Anhalt, pressure on Chancellor Merz is mounting. Ukraine is seeking war funding, and the EU condemned the military funeral for convicted war criminal Ratko Mladić in Serbia.
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High oil prices, driven by geopolitical tensions and Middle East attacks, are burdening global stock markets and German industry. Analysts foresee oil prices potentially reaching $120 per barrel by 2027, intensifying inflation and interest rate concerns.
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Katharina Dröge, parliamentary group leader of Alliance 90/The Greens, comments on budget week. The article title is "Klingbeil Tricks".
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The planned transport budget for 2027 includes cuts to rail infrastructure, bridge repairs, and climate-friendly measures. Despite a special fund for infrastructure and climate neutrality, associations and the opposition criticize the reduction of funds for maintaining and expanding the rail network, as well as for e-buses and cycling.
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The Bundestag is discussing the draft budget for 2027, which foresees higher spending and debt. Planned expenditures in the core budget are 555.4 billion euros, with net borrowing of 118.7 billion euros. Criticism has been raised regarding the focus on defense and the planned transfer of funds from the Climate and Transformation Fund.
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China's exports increased by 25 percent in August compared to the previous year, driven by strong demand for cars and high-tech products. The trade surplus rose to 119.1 billion US dollars.
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