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The crisis in Iran has led to a price increase for recycled plastic in Cairo's garbage city, with one kilogram now fetching five instead of one pound. This allows some waste pickers, who informally handle disposal for over 20 million residents, to achieve higher profits.
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Tens of thousands of people in Croatia are protesting an illegal toxic waste dump containing approximately 35,000 tons of waste. Authorities are investigating ten suspects and four companies for illegal import and disposal of waste.
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Interior Minister Dobrindt is planning to establish a rapid response force. This force is intended to be deployed against drone attacks.
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Following an eruption of the Anak Krakatau volcano, Soekarno-Hatta International Airport in Indonesia was temporarily closed. Over 22,000 passengers and 209 flights were affected by the closure due to volcanic ash in the airspace.
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The Federal Minister of the Interior, Dobrindt, plans measures against Russian drone and cyberattacks. Units will be deployed to protect strategically important cities from drones, and a digital security network will be established against cyberattacks.
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The German government plans a national protection shield to defend against drone attacks, deploying new, quickly deployable units to protect strategic locations. This measure is justified by increasing hybrid attacks, for which Russia is held responsible.
Companies & MarketsConsumer ProtectionIT & Internet
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Ultra-fast fashion provider Shein's IPO in Hong Kong valued the company at around $27 billion, 70 percent below its 2022 peak. Investors expressed concerns about supply chains and environmental impact, leading to a significantly reduced valuation.
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The German federal government plans to expand mobile drone defense to better protect critical infrastructure and the government district. Companies in critical infrastructure will also be authorized for drone defense in the future.
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US national debt has surpassed 40 trillion dollars, with interest payments now exceeding defense spending. Economists warn this comes at the expense of future investments, though an immediate default is unlikely.
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Chancellor Merz warned of further job losses in Germany's industrial sector. Volkswagen plans to cut 50,000 jobs and reduce its model range, with the future of four German plants uncertain.
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