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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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The EU plans stricter regulations for holiday rental platforms like Airbnb to combat the shortage of affordable housing in tourist hotspots. Municipalities will be able to more easily implement rental limits if housing scarcity demonstrably increases.
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European households are reallocating their budgets due to high essential expenses and inflation, reducing spending on transport and communication to increase outlays for culture, dining, and well-being. Lower-income households have less capacity for these shifts.
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A musician sang of an "Intifada like the PFLP," an organization linked to suicide bombings with explosives and nails, and hijackings. The PFLP was also involved in the October 7, 2023 attacks.
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A Russian drone struck the headquarters of the Ukrainian Security Service (SBU) in Kyiv, injuring at least five people. Ukrainian President Volodymyr Zelenskyy ordered a response to the attack.
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The Greek island of Tilos has abolished its landfill and achieved a recycling and composting rate of almost 90 percent. This surpasses the Greek and EU average, making Tilos the first island with Zero Waste Cities certification.
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Global food prices rose 1.9 percent in August compared to July, reaching their highest point since late 2022. Extreme weather and military conflicts are causing supply shortages. The FAO lowered its global grain production forecast by two percent.
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US Trade Representative Jamieson Greer criticizes the UK's continued adherence to EU rules, hindering a trade deal with the US. Prime Minister Andy Burnham seeks closer EU cooperation, as the British public lacks a clear vision for the future.
Companies & MarketsTrade & ConsumptionIT & Internet
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Netflix is discontinuing its ad-free Basic subscription for existing customers. Those wishing to continue watching without ads must switch to the Standard plan, resulting in a 60 percent price increase. An ad-supported subscription is also available as an alternative.
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