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Portugal is negotiating with Air France-KLM and Lufthansa regarding the sale of up to 49.9 percent of the airline TAP. Both bidders have submitted binding offers that are close to each other, according to the government.
Parliament & LegislationCompanies & MarketsIT & Internet
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Experts warn that EU plans for digital sovereignty in defense, such as the Cloud and AI Development Act (CADA), could endanger security. They fear that too rapid exclusion of US technology could lead to a technological disadvantage, as US providers are estimated to be eight to ten years ahead.
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The Volkswagen supervisory board approved a restructuring plan involving 50,000 job cuts globally and a reduction in models. Several state premiers are advocating for the preservation of their VW plants, which are considered uncompetitive and may explore alternative uses.
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Germany's Labour Minister Bas is calling on Volkswagen to maintain its German production sites in Neckarsulm, Hanover, Emden, and Zwickau. While the federal government welcomes a cost-saving plan, it vaguely hopes for sustainable solutions. A state premier estimates up to 25,000 jobs in Germany are at risk.
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The Supervisory Board and Management Board of Volkswagen have reached an agreement on cost-saving plans. Sophie Mühlmann from NDR reports on the agreement.
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Reform UK politicians allegedly accepted illegal donations from the US to fund party-friendly opinion polls. Two politicians resigned following the revelations, while party leader Nigel Farage described the electoral commission as ineffective.
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International far-right figures met in Chile at the Foro Madrid, organized by Fundación Disenso. Argentina's President Javier Milei spoke of a "global battle between good and evil" and justified Augusto Pinochet's military coup. Support for Chilean politician José Antonio Kast has reportedly fallen to 34 percent.
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Volkswagen and its stakeholders reached a last-minute agreement on a savings package that had planned to close five plants and eliminate 60,000 jobs. The agreement, reached after intensive negotiations, prevents an existential crisis for the company.
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North Rhine-Westphalia's Minister-President Hendrik Wüst visited a moon simulation center and a lignite mining area on his summer tour. Microsoft announced its largest single investment in Germany for four data centers there, and a new quantum computer was inaugurated in Jülich.
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A TikTok video presents a tar attack on the office of AfD top candidate Ulrich Siegmund as a current event. The incident actually occurred in April 2017. There is no evidence of a more recent attack.
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