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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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By 2040, 30 percent of Germany's working population will retire, slowing economic growth. McKinsey suggests Germany could achieve up to 2.6 percent growth by 2030 through productivity increases and higher labor volume.
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US President Trump is sending negotiators Steve Witkoff and Jared Kushner to Moscow and Kyiv to conduct peace talks to end the Ukraine war. This marks the first trip by envoys to the Ukrainian capital as part of these efforts.
Companies & MarketsFinance & Stock MarketIT & Internet
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AI company Anthropic has postponed its planned IPO, which aims for a valuation of up to two trillion dollars, to mid-October. The prospectus was originally scheduled for release next week.
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Four German states are calling for increased federal investment in inland navigation infrastructure and support for ships capable of operating in low water. They argue that waterway maintenance is lagging behind needs, while road and rail receive greater funding.
Foreign PolicyParliament & LegislationWars & Military
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EU Enlargement Commissioner Marta Kos called the funeral of convicted war criminal Ratko Mladić a "very important test" for Serbia's EU accession. Glorifying Mladić is incompatible with EU values.
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Five EU states are planning to establish deportation centers outside the EU by 2027. These centers will offer rejected asylum seekers new opportunities in partner countries and will be fully financed by the EU states.
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US mediators, including Witkoff and Kushner, will travel to Kyiv on Sunday to present a proposal to end the Ukraine war. President Zelenskyy called on Russia to refrain from airstrikes during the visit.
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France's Minister for European Affairs, Benjamin Haddad, is confident voters will reject extremism in the presidential election. While polls show Marine Le Pen leading the first round, Haddad points to past elections where French citizens voted against extreme candidates.
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Annette Deutskens (NDR) and Markus Gürne (HR) discuss the future of Volkswagen. The discussion also covers the stock market's reactions to these developments.
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