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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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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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In August, 54.2 percent of Deutsche Bahn's long-distance trains were on time, defined as less than six minutes delay. This is a decrease from 61.1 percent in May and 64.4 percent in April.
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Italian arms group Leonardo plans to test its Michelangelo Dome air defense system in Ukraine by the end of 2026, initially focusing on drone defense. The system, which uses artificial intelligence, is expected to be fully operational from 2028.
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Ten years after its opening, the Elbphilharmonie has transformed from an expensive construction project into an internationally recognized concert hall. By January 2027, an estimated 29.5 million people will have visited the observation deck and 7.4 million visitors will have experienced around 6,600 events.
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