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Around 800 journalists from Germany and abroad are reporting on the state election in Saxony-Anhalt. According to polls, the AfD is leading and could achieve an absolute majority.
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Dr. Nikolas Stihl, Chairman of the Supervisory Board of STIHL, is calling for a 40-hour work week without wage compensation to strengthen the German economy. He criticizes domestic issues like high costs and bureaucracy, emphasizing the need to increase work volume to maintain prosperity and the welfare state.
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Volkswagen has decided on a savings plan that includes the elimination of around 100,000 jobs worldwide. The company also plans to halve its model range and reduce R&D investments to increase profitability. However, experts criticize a lack of a forward-looking strategy.
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The state election in Saxony-Anhalt has begun, with around 1.7 million people eligible to vote. Polls suggest a strong result for the AfD, leading to discussions about potential coalitions and the difficulty of forming governments.
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Thousands demonstrated in Halle and Magdeburg the evening before the state election in Saxony-Anhalt against right-wing extremism. The rallies ranged from broad anti-fascist calls for democracy to autonomous actions.
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Turkey plans to privatize the two Bosphorus bridges and eight highways for 30 years, with ownership remaining with the state. The awarding of operating rights is expected to be completed by the end of 2031.
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Ahead of the state election in Saxony-Anhalt, the AfD is campaigning for votes and making demands on education policy, including "special classes" for refugee children and an end to inclusion. The party rules out coalitions with other parties and prefers to remain in opposition.
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Ulrich Siegmund, 35, is the AfD's top candidate for the 2026 state election in Saxony-Anhalt. He was previously a CDU member and founded a scent marketing company. Siegmund is described internationally as the "sunny face" of the AfD.
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 Spectrum carrier rocket from Bavarian company Isar Aerospace reached orbit during a test flight from the Andøya Spaceport in Norway. This marks a European first for a privately developed rocket.
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