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Goldman Sachs experts anticipate oil prices could rise to $120 per barrel. This forecast is due to the tense situation in the Strait of Hormuz, which has reduced shipping traffic to its lowest point since May.
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A porn film producer is suing Meta, alleging a manager downloaded 20,000 copyrighted films for AI system training. Meta denies the claims, stating an IP address alone does not prove wrongdoing.
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French billionaire Olivier Bouygues and five others are on trial for illegally hunting protected bird species. They face up to seven years in prison and a fine of 750,000 euros.
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Mannheim Regional Court has approved criminal proceedings against Xavier Naidoo for incitement and insult. The singer is accused of spreading antisemitic and Holocaust-denying content via a Telegram channel between December 2020 and April 2021.
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The Federal Court of Justice (BGH) ruled that a faulty attempt to submit an appeal brief by fax does not automatically exclude the right to reinstatement. An attorney had attempted to transmit after a disruption of the electronic attorney mailbox (beA) via computer fax, which however showed formal deficiencies.
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An investigation has been launched in Berlin regarding potentially criminal song lyrics by a rapper at a Left Party election campaign event. The Interior Senator emphasized the need to clarify the text, terms, and overall context, considering freedom of art and expression.
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Apple has filed a lawsuit against OpenAI for theft of trade secrets, but is leaving out former design chief Jony Ive and his colleague Evans Hankey. Over 400 employees reportedly moved from Apple to OpenAI.
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China is providing 46.1 billion Euros to state banks and insurers to strengthen their balance sheets. The funds aim to improve lending capacity and the ability to support the economy.
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A court in Cairo has sentenced TV presenter Sarah Khalifa and eleven other individuals to death for drug trafficking. Over 750 kilograms of drugs and their ingredients were seized from the accused.
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The DAX began weakly, weighed down by concerns over the outcome of the state election in Saxony-Anhalt and rising oil prices. German production fell in July, while the ECB anticipates an interest rate hike.
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