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21. Juli 2024 um 09:00

Trump Insults Biden and Pelosi in Fiery Rally

Republican nominee Donald Trump held a fiery rally in Michigan, mocking Democratic President Joe Biden as a 'stupid' and 'low-IQ individual' and comparing former House Speaker Nancy Pelosi to a 'dog'. Trump repeated false claims about the presidential election being rigged by Democrats and suggested they are allowing an 'invasion' over the US border. This rally marked Trump's return to the campaign trail after surviving an assassination attempt. He also touted his relationships with world leaders and called for a 'landslide that is too big to rig'. Trump denigrated Vice President Kamala Harris as 'crazy' as well. The event saw a mix of excitement, prayers, and confusion over Trump's new running mate JD Vance. Michigan Republican officials criticized Governor Gretchen Whitmer while Vance challenged Harris's record. Trump portrayed himself as a victim defending the country, with strong support from the crowd. The event featured music by Édith Piaf, Village People, and Kid Rock.
21. Juli 2024 um 05:50

Global IT Outage Causes Flight Operations Disruption

Global IT Outage Causes Flight Operations Disruption
A global IT outage led to chaos affecting flight operations, hospitals, and media worldwide. Sydney Airport faced delays but check-in services are returning in Hong Kong, South Korea, India, Indonesia, and Singapore. BER Airport had self-service check-in issues, pushing UK travelers towards ferries. BSI President Plattner took swift action after the faulty security software from Crowdstrike caused the unprecedented disruption. Experts like Junade Ali highlighted the severity of the situation, warning about common cause failures due to tech reliance. Despite the havoc, Beijing airports remained unaffected, underscoring the widespread impact of the IT crash.
21. Juli 2024 um 05:50

First Campaign Appearance by Trump Since Assassination Attempt - Pressure on Biden Continues to Grow

Donald Trump made his first campaign appearance since the assassination attempt on him a week ago, rallying in Michigan alongside his vice presidential candidate J.D. Vance. Meanwhile, pressure is mounting on Joe Biden to drop out of the race as Trump gains momentum in the polls. Trump survived the assassination attempt and used his speech to attack Biden, Harris, and Michigan Governor Whitmer. He also mentioned his new vice presidential candidate, Vance, the would-be assassin Crooks, former White House doctor Ronny Jackson, and the conservative manifesto 'Project 2025'. Trump's doctor revealed that the bullet narrowly missed his head. Trump claimed that he had received no warning before the assassination attempt and stated that he had 'caught a bullet for democracy'. The election is becoming increasingly tense, with Biden facing doubts about his ability to continue as the Democratic candidate while recovering from COVID-19. As Trump returns to the campaign trail, his aggressive rhetoric and policy proposals are gaining support, putting pressure on Biden to make a decision about his candidacy.
20. Juli 2024 um 23:55

CrowdStrike Outage: Global Impact on Travel and Cybersecurity

CrowdStrike Outage: Global Impact on Travel and Cybersecurity
A global outage caused by a software update failure from cybersecurity firm CrowdStrike has disrupted major airlines, transit systems, and other industries worldwide. The CEO of CrowdStrike has confirmed that the outage was not due to a cyberattack, but rather a defect in the update. The outage has grounded flights, affected hospitals, knocked media off air, and disrupted trading, banking, and emergency services. Travelers are particularly vulnerable to scams and phishing attempts exploiting the chaos. The U.S. Cybersecurity and Infrastructure Security Agency and National Cyber Security Center have issued warnings about scammers attempting to steal personal data and money. The incident has triggered a push for technological self-reliance in China, with Chinese cybersecurity firms promoting their own products. Experts emphasize the need for resilience as individuals and organizations struggle to recover from what is being called the 'largest outage in history.' Airlines are working to resume normal operations, but higher cancellation rates are expected in the near term.
20. Juli 2024 um 19:55

Commemoration of Resistance against Hitler on the 80th Anniversary of the Assassination Attempt

On the 80th anniversary of the failed assassination attempt on Adolf Hitler, the leaders of the state and government will pay tribute to the resistance fighters against Nazi rule. A commemoration ceremony will take place in the courtyard of the Berlin Bendlerblock, where Chancellor Olaf Scholz will deliver a speech and lay a wreath with President Frank-Walter Steinmeier. In the afternoon, around 400 recruits of the Bundeswehr will take their solemn oath in the Bendlerblock. Chancellor Scholz will emphasize the threat to democracy, while Defense Minister Boris Pistorius will give the oath speech. The Bendlerblock, now the location of the Ministry of Defense, was where Hitler assassin Claus Schenk Graf von Stauffenberg and other conspirators were executed after the coup attempt in 1944. On this anniversary, Chancellor Scholz calls for the protection of democracy and highlights Germany's responsibility in the Ukraine conflict. The event also includes a discussion with descendants of the Hitler assassins, Alfred von Hofacker and Annette von Schlabrendorff, who reflect on the day's significance for their country and families.
20. Juli 2024 um 19:55

Belarus proposes 'solutions' for German sentenced to death

The government in Belarus is reportedly proposing 'solutions' in the case of a German man sentenced to death in the country. The man, who was convicted on charges of terrorism and mercenary activity, has been in custody since November 2023. The process is related to the Kastus-Kalinouski Regiment, a Belarusian volunteer group fighting against Russia. The international human rights organization Wjasna brought attention to the case, which has been partly held behind closed doors. The German Foreign Office and the embassy in Minsk are providing support to the man, with consular access granted. Belarus is the only European country that still carries out the death penalty, and executions are not made public nor are bodies handed to families. Belarus is a close ally of Russia.
20. Juli 2024 um 14:59

Germany's Historical Responsibility: Support for Ukraine and Preparing for a Second Trump Term

Germany's Chancellor Olaf Scholz justifies Germany's support for Ukraine by invoking the country's historical responsibility in light of the failed assassination attempt on Adolf Hitler 80 years ago. Scholz condemns Russia's war against Ukraine and emphasizes the need to protect democracy against extremism. Meanwhile, Green European politician Anton Hofreiter rejects concerns about the deployment of US missiles in Germany, stating that it could contribute to more security. On the other hand, SPD parliamentary group leader Rolf Mützenich opposes the delivery of cruise missiles to Ukraine, emphasizing that Germany is already providing arms, financial, and humanitarian aid. Russian state propaganda reacts with satisfaction to the death of Ukrainian politician Iryna Farion, while a Russian drone attack disrupts the power and water supply in the Poltava region of Ukraine. US Secretary of State Antony Blinken believes Ukraine is on its way to self-sufficiency militarily and highlights the commitment of over 20 countries to provide support even if the US withdraws. As the possibility of a second Trump term looms, Germany needs to prepare for potential challenges in defense and trade, particularly with respect to rising tariffs and gas prices. It is crucial for Germany to strengthen its defense capabilities and work towards a united and strong European Union to effectively address these challenges.
20. Juli 2024 um 14:59

First Campaign Appearance by Trump Since Assassination Attempt - Pressure on Biden Continues to Grow

Donald Trump holds his first campaign appearance since the assassination attempt, while pressure on Joe Biden to drop out of the race increases. During the rally in Michigan, Trump promises to end the war in Ukraine if he returns to the White House. Over 30 members of the House and four Democratic Senators publicly call for Biden to withdraw. Silicon Valley investor Michael Moritz joins the calls and suspends his donations to the Democrats. Despite being diagnosed with Covid, Biden plans to resume his campaign next week. Trump's lead in the polls is narrowing as he benefits from Biden's weak position, with concerns over his age and mental fitness. Meanwhile, a ceremony in Berlin commemorates the failed assassination attempt on Adolf Hitler 80 years ago. The event sheds light on the often overlooked civilian involvement in the resistance movement. As for vacation plans, Germans are opting for classic Mediterranean destinations or seeking out alternative and adventurous options, such as space travel and polar cruises. CrowdStrike, an IT security provider, inadvertently caused worldwide chaos when a faulty software update crashed its clients' Windows computers. The incident may result in lawsuits and the search for alternative security options.
20. Juli 2024 um 14:59

USA: Iran 'one or two weeks' away from fissile material for nuclear weapon

The US Secretary of State Antony Blinken has warned that Iran is just 'one or two weeks' away from having enough fissile material to build a nuclear weapon. Blinken stated that the withdrawal from the nuclear agreement has significantly shortened the timeline for Iran to acquire the capability to produce this material. He emphasized that while Iran has not yet developed nuclear weapons, the current situation is concerning and closely monitored by the US government. The US continues to prefer a diplomatic approach to prevent Iran from possessing nuclear weapons. The 2015 nuclear agreement between the US, France, Germany, the UK, Russia, and China aimed to prevent Iran from developing nuclear weapons. However, in 2018, the US unilaterally withdrew from the agreement, leading Iran to gradually disregard its commitments. Efforts to revive the agreement have been unsuccessful so far. The newly elected Iranian President, Ebrahim Raisi, has expressed his intention to revive the nuclear agreement in order to end his country's isolation.
20. Juli 2024 um 14:59

Pistorius Insists on Change in Financial Policy - Reprimand from Mützenich

Pistorius Insists on Change in Financial Policy - Reprimand from Mützenich
Bundesverteidigungsminister Boris Pistorius criticizes the compromise of around 53 billion euros for next year's defense budget and instead demands around 58 billion euros. He questions the financial policy course of the traffic light coalition and wants more money for the Bundeswehr to ensure the security of Germany in the face of the threat from Russia. SPD parliamentary group leader Rolf Mützenich rejects Pistorius' proposal as the defense budget is increasing and the debt brake should be adhered to. Mützenich continues to emphasize the possibility of declaring an emergency situation. Despite the cabinet's decision on the budget, Pistorius will continue to fight for more money for the Bundeswehr in the parliamentary process in September. The final decision is scheduled for the end of the year. Mützenich criticizes the planned deployment of Tomahawk missiles and hypersonic weapons in Germany, warns of the risk of escalation, and calls for arms control and the withdrawal of US nuclear weapons that could be dropped by Bundeswehr aircraft. He emphasizes the need to improve defense capability in light of the Russian invasion of Ukraine.
20. Juli 2024 um 14:59

Global IT Outage Paralyzes Air Travel and Causes Chaos Worldwide

Global IT Outage Paralyzes Air Travel and Causes Chaos Worldwide
A global IT outage, caused by a bug in a CrowdStrike update, has resulted in widespread disruption to air travel, rail traffic, and broadcasting in numerous countries. Major airports such as Berlin's BER and Sydney's airport experienced shutdowns, while airlines like Delta, United, and American Airlines suspended operations. The impact also extended to hospitals and media outlets. The outage affected countries including Australia, Singapore, the USA, Hong Kong, South Korea, Thailand, India, and Indonesia. The magnitude of the disruption was unprecedented, according to cybersecurity experts. CrowdStrike, the cybersecurity firm responsible for the flawed update, has since found a solution. While the situation is slowly improving, there are still delays and cancellations at some airports, and passengers are advised to check their flight status. The outage highlights the vulnerability of global technological infrastructure and the need for businesses to have contingency plans and diversify their cloud services. It serves as a reminder that even routine software updates can have significant consequences.
20. Juli 2024 um 09:00

The Brief – No time for a honeymoon period this summer

European leaders face a packed summer of summits, with key challenges including maintaining EU unity on Ukraine support, addressing Trump 2.0 and US isolationism, reining in Viktor Orbán's controversial diplomacy, and facing rocky EU-China ties under Ursula von der Leyen's hawkish leadership. Von der Leyen is focused on de-risking from Beijing and bolstering ties with Indo-Pacific allies. However, obstacles such as the American presidential election and member states' resistance to economic security strategy may hinder her plans. The EU's most powerful members face political vulnerability, leaving a power void for the European Commission to fill. The appointment of a college of commissioners and the upcoming vote on permanent duties on Chinese-made electric vehicles will shape the EU-China relationship for the next five years. Europe's shift to the right under von der Leyen's re-election consolidates anti-immigration policies and poses challenges for progressive forces.
20. Juli 2024 um 09:00

Russia Attacks Energy Infrastructure in Ukraine, Blinken Discusses Aid in Case of Trump Election Win, and More

In the latest updates from the war in Ukraine, Russia has attacked an energy facility in the Sumy region, damaging the infrastructure in the city of Konotop. US Secretary of State Antony Blinken has stated that even if the US were to withdraw its support under a different president, more than 20 other countries have pledged to maintain military and financial aid for Ukraine. The Russian government is considering stricter measures for direct censorship of critical voices on Russian social networks. The Kremlin is reportedly concerned about the long-term social and political impact of the return of Russian veterans from the war in Ukraine. Warsaw announced that it will not participate in the recruitment of the first Ukrainian Legion, and volunteers will be able to return to Poland after their service. In a tragic incident, a child was killed in a rocket strike in the city of Mykolajiw, and the Ukrainian General Staff has published new casualty figures for Russian troops in Ukraine. These developments highlight the ongoing conflict and its impact on various aspects of the region.
20. Juli 2024 um 09:00

Global Tech Outage Disrupts Flights, Banks, Hospitals, and Media Outlets

Global Tech Outage Disrupts Flights, Banks, Hospitals, and Media Outlets
A major global IT outage caused by a faulty CrowdStrike software update has disrupted critical services worldwide. Flights have been grounded, banks and hospitals have been affected, and media outlets have been knocked off the air. The White House is working with CrowdStrike to resolve the issue, and the CEO has issued an apology. The impact has been widespread, with airports such as Berlin and Zurich experiencing disruptions, and Australian banks, airlines, and media organizations also affected. The outage has caused delays and cancellations in various industries, including healthcare, finance, and transportation. Experts are warning that the recovery process may take weeks, highlighting the need for resilience in IT infrastructure. The incident has had a significant financial impact, with CrowdStrike's stock price plummeting. However, it is not expected to have a long-term effect on the company's market cap. Microsoft has confirmed that the issue was caused by a faulty CrowdStrike update.
20. Juli 2024 um 05:50

Trump's Party Conference Speech: Calls for Reconciliation but Strong Criticism of Biden

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
In his party conference speech, former President Donald Trump struck a partly conciliatory tone, urging unity in the US while also launching sharp attacks on President Joe Biden. Trump detailed the assassination attempt he narrowly survived and expressed his desire to be a president for all of America. However, as his speech progressed, he returned to his usual hard rhetoric, criticizing Biden for the damage he claims he has caused to the country. Trump repeated his unfounded claim that the 2020 election was stolen from him and referred to himself as a victim of a 'witch hunt' regarding ongoing legal proceedings against him. He blamed Biden for inflation, uncontrolled immigration, and international conflicts, including the war in Ukraine, promising to end these crises. Trump also focused on his usual tirade against irregular migration, vowing to build a continuous border wall with Mexico. The speech concluded with Trump's family joining him on stage, including his previously reclusive wife Melania. Meanwhile, as the Republican convention took place, doubts grew within the Democratic Party about Biden's fitness for a second term, with reports suggesting he may consider withdrawing from the presidential race.
20. Juli 2024 um 05:50

Biden Faces Pressure to Step Aside as Calls for His Resignation Grow

Biden Faces Pressure to Step Aside as Calls for His Resignation Grow
Joe Biden, the current president of the United States, is facing increasing pressure from Democratic lawmakers and donors to drop out of the 2024 race. Polls show that a majority of Democrats believe Vice President Kamala Harris would make a good president and should be nominated instead. Despite this, Biden remains defiant and vows to stay in the race, despite concerns about his age and health. His campaign chair, Jen O'Malley Dillon, acknowledges a decline in support, but Biden is more committed than ever to defeat Trump. Top Democrats, including Barack Obama and Nancy Pelosi, have expressed concerns behind the scenes. Biden's fundraising is drying up, and there are worries about the chaos that would ensue in the Democratic Party if he were to resign. Over 30 House Democrats and 4 senators have called on Biden to quit, while influential supporters like George Clooney and Michael Moritz want him to make way for Harris. The vice president is holding emergency calls with donors, and some polls show she may be more competitive against Trump. Amidst these pressures, Biden's family has reportedly discussed the possibility of him exiting the campaign.
19. Juli 2024 um 23:55

US government aims to ban single-use plastics from federal agencies by 2035

The US government plans to eliminate single-use plastics from all federal agencies by 2035, citing the doubling of plastic production and waste over the past two decades. This decision aims to combat ocean pollution and protect public health. President Joe Biden's administration intends to gradually phase out the use of single-use plastics for catering, events, and packaging by 2027, extending to all federal activities by 2035. As the largest purchaser of goods and services globally, the US government's move could have significant implications for the global markets. In 2022, the Biden administration already banned single-use plastics from national parks in the US. Every year, approximately 15 million tons of plastic, including disposable items such as bottles, food packaging, and bags, end up in the oceans, according to the environmental organization Oceana. They welcomed the new plan by the US government to gradually reduce the reliance on single-use plastics. In November, the final round of UN negotiations on a treaty to reduce plastic waste will take place in South Korea.
19. Juli 2024 um 23:55

FDP's Kubicki Criticizes Merz and Plans to Run Again Despite Announced Withdrawal

FDP's Kubicki Criticizes Merz and Plans to Run Again Despite Announced Withdrawal
Friedrich Merz criticizes FDP for lack of support for von der Leyen's re-election, while Wolfgang Kubicki wishes Merz a 'good journey into the abyss' with the Greens. Kubicki, despite previously announcing his withdrawal, plans to run again in the upcoming Bundestag elections due to FDP's low poll numbers and the problematic situation in the traffic light coalition. The 72-year-old FDP vice-chairman and Bundestag vice-president aims to lead the FDP with party leader Christian Lindner towards a double-digit voter approval. Kubicki criticizes the Ampel-Koalition and sees FDP's situation as challenging because of the Ukraine conflict. While ruling out a ministerial position, he considers the fight for freedom rights as his last battle in this legislative period. Additionally, Klaus von Dohnanyi, a 96-year-old former Social Democrat politician, supports Sahra Wagenknecht and her new alliance. Von Dohnanyi criticizes Chancellor Olaf Scholz's Ukraine policy and the SPD for giving up on peace policy. He sees the conflict as a proxy war against Russia on behalf of the US and calls for a diplomatic solution considering Russian security interests. Despite his disappointment with the SPD, von Dohnanyi does not plan to leave the party.
19. Juli 2024 um 23:55

Iran Just Weeks Away from Fissile Material for Nuclear Weapon, Warns US

US Secretary of State Antony Blinken has warned that Iran is only 'one or two weeks' away from obtaining enough fissile material to produce a nuclear weapon. The withdrawal of the US from the 2015 nuclear deal has accelerated Iran's progress in its nuclear program. Blinken emphasized that although Iran has not yet developed nuclear weapons, the current situation is concerning. The US government is closely monitoring the developments and remains committed to preventing Iran from acquiring a nuclear weapon. Efforts to revive the nuclear agreement have been unsuccessful, with negotiations stalling since the US withdrawal in 2018. The international community, including the US, France, Germany, the UK, Russia, and China, had signed the agreement with Iran to prevent its development of nuclear weapons. The new Iranian president has expressed a desire to revive the agreement. However, Iran's recent actions, including enriching uranium to 60%, suggest a growing capability to produce fissile material. The US continues to prioritize diplomatic solutions to address the Iranian nuclear threat.
19. Juli 2024 um 23:55

Trump's Promise to End International Crises: Key Messages

In his speech at the Republican Party convention, former US President Donald Trump pledged to end every international crisis if he returned to the White House. He blamed the current government for conflicts around the world and vowed to restore peace, stability, and harmony globally. Trump also expressed his intention to build a missile defense system similar to Israel's Iron Dome. However, he did not provide details on how he would achieve these goals. Trump's remarks have raised questions about his strategy and the potential consequences. Critics argue that his violent rhetoric and populist approach could undermine the democratic process and create divisions within the US. They emphasize the importance of saving the American institution and restoring social and intellectual peace. Furthermore, Trump's statements have sparked concerns among smaller states and allies who fear being sacrificed for a grand bargain with China and Russia. This could lead to chaos and prompt countries to seek their own deals, potentially destabilizing regions like Asia. The situation in Taiwan exemplifies the complex dynamics at play, where fears of abandonment by the US have prompted some to consider direct deals with China. Overall, Trump's promises to end international crises have elicited both support and skepticism, highlighting the need for careful diplomacy and a focus on global security.
19. Juli 2024 um 23:55

Mismanagement of Corona Emergency Aid Funds by Federal Government

The Federal Government overpaid 5 billion euros in corona emergency aid, with 3.46 billion euros already returned. The Federal Court of Auditors criticized vague eligibility criteria. Thousands of lawsuits emerged in NRW and BW. A total of 13.6 billion euros were swiftly distributed to micro-enterprises and self-employed individuals by the federal states. Additionally, a mask company won a case against the government, resulting in a payment of nearly 86 million euros, possibly signaling significant costs for the Health Ministry and raising pressure on former Health Minister Jens Spahn. Moreover, in a separate case, the government was ordered to pay 85.6 million euros to a mask supplier due to delays in accepting FFP2 and OP masks. The verdict is subject to appeal. Another mask supplier in Cologne succeeded in a lawsuit against the government, leading to a payment order of 85.6 million euros and highlighting a total of around 100 cases with a combined value of 2.3 billion euros.
19. Juli 2024 um 19:55

Adidas revises campaign with Bella Hadid after criticism

Adidas has removed model Bella Hadid from its ad campaign for SL72 shoes after facing criticism from Israel. The campaign, which referenced the 1972 Munich Olympics attack where 11 Israelis were killed, received backlash due to Hadid's previous anti-Israel statements. Adidas stated that the campaign aimed to unite diverse partners but did not provide specifics on the changes made. This is not the first time Adidas has faced controversy with celebrity partners. The company ended its partnership with Kanye West in 2022 over his antisemitic comments. Adidas has a troubled history as its founder, Adolf Dassler, was a member of the Nazi party and manufactured weapons during World War II. The sports apparel industry has become increasingly competitive, with brands relying on collaborations with influential figures. Nike, for example, has faced declining sales and competition from up-and-coming brands like On. Adidas has since revised the campaign and removed the posts related to it.
19. Juli 2024 um 19:55

World Reacts to Sentencing of US Journalist in Russia

US-Journalist Evan Gershkovich am 19. Juli 2024 vor Gericht
The recent sentencing of US journalist Evan Gershkovich to 16 years in a Russian penal colony has sparked condemnation from the European Union and calls for his immediate release. The verdict has been described as politically motivated and a violation of press freedom. It is seen as an example of Russia's unacceptable state hostage-taking. The swift trial has also raised speculation about a possible prisoner swap between Russia and the US. The case of Gershkovich, who was accused of espionage, highlights the risks faced by journalists in Russia and the challenges to press freedom. In another concerning development, a German citizen has been sentenced to death in Belarus on charges of terrorism and mercenary activities. The case is linked to the Kastus Kalinouski Regiment, which supports Ukraine in its conflict against Russia. Belarus is the only European country that still uses capital punishment. Both cases underscore the need for international attention and action to protect journalists and human rights.
19. Juli 2024 um 19:55

Far-right Israeli minister Ben-Gvir's inflammatory Al-Aqsa visit and the ongoing Israel-Gaza conflict

Far-right Israeli minister Ben-Gvir's inflammatory Al-Aqsa visit and the ongoing Israel-Gaza conflict
Far-right Israeli minister Itamar Ben-Gvir's controversial visit to the Al-Aqsa Mosque threatens the fragile ceasefire between Israel and Hamas. The recent Gaza offensive led by Israel has resulted in hundreds of casualties and sparked international outcry. Israeli Prime Minister Benjamin Netanyahu claims that pressure is advancing negotiations for the release of captives. In response, Hamas has called for action, accusing Israel of undermining peace talks. The intense bombing in Gaza has tragically killed innocent families, further fueling tensions. As Israelis who were previously held captive by Hamas plan to protest, the region remains on edge. The Hamas-led attack on October 7 resulted in the deaths of 1,139 Palestinians, while Israel's war on Gaza has caused the deaths of 38,848 and left 89,459 wounded. The US Secretary of State Antony Blinken has expressed optimism about the ceasefire negotiations, stating that the agreement is close to the goal line. However, the high death toll and destruction caused by Israel's offensive since the October 7 attack continue to complicate the path to peace. The future of Gaza and Israel's security remain uncertain, as the conflict highlights the challenges of finding a long-term solution that balances self-determination for Gaza and security for Israel. The ongoing violence and lack of progress in hostage negotiations further exacerbate the already dire situation. As the international community urges a resolution, the need for bold actions and a change in approach becomes increasingly urgent.
19. Juli 2024 um 19:55

Germany's Defense Budget Does Not Match its Promises

Germany's Defense Budget Does Not Match its Promises
Despite Chancellor Olaf Scholz's promise to step up militarily, Germany's proposed 2025 defense budget shows only a modest increase. Defense Minister Boris Pistorius, who sought a larger increase, was given only 1.2 billion euros more. Pressure from allies, due to Russia's war in Ukraine and Donald Trump's momentum, has caused Germany to face criticism for not fulfilling its NATO promises. The budget also proposes cutting military aid to Ukraine by half in 2025, drawing further criticism. Finance Minister Christian Lindner suggests Ukraine can rely on a fund backed by frozen Russian assets. Concerns arise that Germany lacks the will to overcome its historical reluctance to take a military lead.
19. Juli 2024 um 14:59

Israel's Parliament Rejects Palestinian State

Israel's parliament, led by Prime Minister Benjamin Netanyahu and the opposition party, votes against the establishment of a Palestinian state, a move criticized by Palestinian President Mahmoud Abbas and others. The rejection of the two-state solution further distances the possibility of peace. Germany and the USA emphasize that a Palestinian state must be agreed upon through peace negotiations. The resolution could be seen as a provocation ahead of Netanyahu's visit to the USA. The German government criticizes the resolution, stating that it goes against UN resolutions and isolates Israel. Berlin warns of Israel's potential isolation and the Hamas taking control of such a state. Several countries, including Spain, Ireland, and Norway, have already recognized Palestinian territories as a state. The voting result is seen as a setback for peace efforts and calls for a new approach instead of hoping for elections and moderation.
19. Juli 2024 um 14:59

EU and Serbia conclude agreement on lithium mining

Serbia and the EU have reached a deal on lithium extraction in the Jadar Valley, aiming to establish a value chain for e-mobility. Serbia plans to build a battery factory with support from Mercedes, Stellantis, KfW, and EBRD. The mined lithium will cover 17% of European demand. However, the mining project is controversial due to environmental concerns. China had also expressed interest in mining lithium in Serbia. In 2022, the Constitutional Court overturned the halt to the lithium project, despite protests. The project has sparked mass demonstrations in Serbia, with the opposition accusing President Vucic of undermining democracy and having close ties to Russia. Chancellor Scholz has promised Serbia the establishment of a battery factory as well.
19. Juli 2024 um 14:59

Ursula von der Leyen re-elected as President of the European Commission

Ursula von der Leyen re-elected as President of the European Commission
Ursula von der Leyen has been re-elected as President of the European Commission, receiving 401 out of 707 votes. In her speech, she outlined her political guidelines for the next five years, which include a change in transportation and climate policies and a focus on a strong Europe. Despite some opposition, her re-election is seen as recognition for her work in navigating challenging times such as the Ukrainian conflict and the COVID-19 pandemic. Chancellor Olaf Scholz and President Emmanuel Macron both congratulated von der Leyen on her re-election. She plans to prioritize climate protection, affordable housing, and migration policy, and she will assemble a team of commissioners to be presented to the European Parliament in the coming months.
19. Juli 2024 um 13:28

Scholz Travels to Serbia - EU Agreement for Lithium on the Table

German Chancellor Olaf Scholz and EU Commission Vice President Maros Sefcovic meet with Serbian President Aleksandar Vucic to discuss a future EU agreement for sourcing lithium and related materials from Serbia. The Serbian government and multiple companies intend to sign a memorandum of understanding. The decision to exploit significant lithium deposits in Serbia has been controversial due to environmental concerns, with opposition from environmentalists and local residents. Meanwhile, China has expressed interest in a raw material partnership with Serbia. Chancellor Scholz praises Serbia's decision to extract lithium for electric vehicles, highlighting the potential for job creation, prosperity, and value addition in Serbia. The EU and Serbia sign an agreement to collaborate on lithium extraction in the Jadar Valley, aiming to establish a value chain for electromobility. The project faces opposition from environmentalists who raise concerns about groundwater pollution. Despite this, the Serbian government is committed to the project, and China's bid for lithium mining in Serbia has been rejected. Chancellor Scholz also pledges support for environmental protection and the establishment of the value chain. The agreement aims to reduce Europe's dependence on lithium imports from China, and Germany offers its expertise and experience to assist with the project.
19. Juli 2024 um 13:28

Trump's GOP Convention Speech Mixes Unity and Controversy

Donald Trump & Vice presidential candidate J.D. Vance, July 16, 2024
In his speech accepting the GOP nomination, Donald Trump called for unity while launching attacks on his Democratic opponents. The Republican convention featured speakers with conflicting messages, including Vance, Haley, and DeSantis. Trump avoided discussing the 2020 election but criticized the 'fake documents case'. Despite controversies surrounding Trump, including an assassination attempt, criminal indictments, and impeachment, convention speakers attempted to paint a softer image of him. Republicans appear confident heading into the election, while Biden's campaign faces uncertainty. Trump's speech, following an assassination attempt on him, aimed to portray him as a unifier. However, he deviated from the script and criticized Biden, blaming him for inflation, uncontrolled immigration, and the conflict in Ukraine. Trump also promised to end international crises and secure an 'incredible victory' in the election. The Republican convention omitted Trump's election lies at the main stage to avoid extreme positions, but right-wing activists in media row continued to discuss conspiracy theories. The party's strategy to appeal to a wider audience included featuring a diverse lineup of speakers, including Black and brown individuals, to counter accusations of racism. However, Trump's history of anti-Black and xenophobic policies raises questions about the authenticity of these efforts. Undecided voters, like Arnel Ramos, were not swayed by Trump's speech and remained uncertain about their choice in the election.
19. Juli 2024 um 13:28

Heated Exchange Between Union and FDP over von der Leyen's Re-election

The re-election of EU Commission President Ursula von der Leyen has sparked a heated exchange between the Union and the FDP. CDU leader Friedrich Merz criticized the FDP for not supporting von der Leyen's re-election, while FDP politician Marie-Agnes Strack-Zimmermann defended the party's decision. Strack-Zimmermann accused von der Leyen of not addressing the FDP's concerns and criticized her team for trying to contact her during the vote. The FDP's decision angered the Union and the EPP, with both Merz and EPP leader Manfred Weber criticizing the party. Trust between the EPP and the FDP appears to be damaged, and there are threats of retaliation. Despite the FDP's opposition, von der Leyen was re-elected with a strong majority. The vote also highlighted divisions within other parties, with some Czech MEPs reluctantly supporting von der Leyen and Italy's Giorgia Meloni voting against her. Overall, the re-election of von der Leyen has caused tension and disagreement among political parties in Europe.
19. Juli 2024 um 13:28

US Election Campaign Live Ticker: Trump accuses Biden of more damage than the 'ten worst presidents'

US Election Campaign Live Ticker: Trump accuses Biden of more damage than the 'ten worst presidents'
In his nomination speech, Donald Trump accused Joe Biden of causing more damage to the country than the 'ten worst presidents' in history. He claimed that the damage caused by Biden is unimaginable. However, fact-checkers have pointed out that Trump made over 20 false claims in his speech, including accusations of electoral fraud and record inflation. Trump also avoided addressing the issue of Taiwan in his speech, raising concerns about his administration's stance on the country. Despite these false claims and omissions, Trump's speech was met with applause from his supporters. Meanwhile, there is growing speculation about Joe Biden's candidacy, with some suggesting that he may withdraw from the race due to his recent positive COVID-19 test and declining poll numbers. Biden's withdrawal would have significant implications for the election, and the Democratic Party may need to quickly find a new candidate. Overall, the election campaign continues to be filled with misinformation and exaggerations from both sides.
19. Juli 2024 um 13:28

Dismal strawberry and asparagus harvest due to heavy rain and reduced cultivation

This year's strawberry harvest in Germany is expected to be the worst in nearly 30 years, with a 24% decrease from the previous year and a 34% decrease from the average of the years 2018 to 2023. The decline in harvest is attributed to a significant reduction in cultivation area and the impact of heavy and prolonged rainfall, which led to crop losses due to fungal infections. Similarly, the asparagus harvest also suffered, with a 6% decrease compared to the previous year, primarily due to late frosts in May. The rising operating costs and inflation are driving up prices, resulting in reduced demand for the relatively expensive fruits and vegetables. As a response, producers are reducing their cultivation areas. The main strawberry-producing states are Niedersachsen, Nordrhein-Westfalen, and Baden-Württemberg, while the key asparagus-producing states are Niedersachsen, Brandenburg, and Nordrhein-Westfalen. This decline in harvest is a cause for concern as it is affecting both the supply and affordability of these popular crops.
19. Juli 2024 um 13:28

Global Cyber Outage Disrupts Industries, Grounds Flights, and Causes Worldwide Chaos

Global Cyber Outage Disrupts Industries, Grounds Flights, and Causes Worldwide Chaos
A global cyber outage has wreaked havoc on various industries, including airlines, hospitals, banks, and media organizations. The disruption is believed to be caused by a faulty update from cybersecurity firm CrowdStrike, which affected Microsoft Windows systems. Flights were grounded, hospitals had to cancel surgeries, and businesses faced significant disruptions. Major airports such as London Heathrow, Amsterdam Schiphol, and Singapore Changi were affected, leading to delays and cancellations. Media outlets like ABC and Sky News experienced sudden shutdowns, and financial markets, including the London Stock Exchange, were impacted. The outage also had worldwide repercussions, with countries like the US, Australia, India, and France reporting widespread issues. While the exact extent of the damage and financial impact is yet to be determined, experts suggest that the interdependence of tech systems and the concentration of software providers are contributing factors. Despite initial fears of a cyberattack, authorities in the UK and France do not believe one was involved. Efforts are underway to resolve the issue, but the incident highlights the vulnerabilities and potential risks associated with such massive tech outages.
19. Juli 2024 um 09:00

Global IT Outage Disrupts Flights, Banks, and Businesses

Global IT Outage Disrupts Flights, Banks, and Businesses
A global IT outage wreaked havoc on major US airlines, media, financial institutions, and telecom companies. Issues were linked to CrowdStrike and Microsoft, causing disruptions in Australia, Spain, and beyond. Ryanair and several banks warned of potential disruptions. Despite reports of crashes on Microsoft's Windows operating system, no confirmed cyber security incident has been reported. The outage affected businesses worldwide, leaving airports, banks, and companies struggling to operate. The situation continues to be monitored closely as companies work to resolve the connectivity problems caused by the IT disruption.
19. Juli 2024 um 09:00

Global IT Outage: Airports, Banks, and Shops Affected

Global IT Outage: Airports, Banks, and Shops Affected
A global IT disruption has resulted in airports, banks, and shops facing outages due to a technical malfunction and an update crashing Windows computers. The CrowdStrike service, which is meant to ensure system security, is believed to be involved. The Berlin-Brandenburg Airport is among those affected, with delays reported. Major US airlines have grounded flights, and media, financial, and telecoms sectors have also been impacted. The disruption has affected global cybersecurity firm Crowdstrike and Windows computers. Microsoft has resolved cloud service outages, and Australia's National Cyber Security Coordinator has stated that there is no evidence of a cyber security incident. Ryanair has warned of potential disruptions, and Spain has reported a computer incident at all its airports. The London Stock Exchange, broadcasters, and critical sectors have also been paralyzed by the widespread Windows outage. The recovery process is expected to be protracted, and businesses affected are encouraged to contact Tech.eu for coverage.
19. Juli 2024 um 08:06

Global IT Outage Disrupts Airlines, Banks, Media, Telecoms

Global IT Outage Disrupts Airlines, Banks, Media, Telecoms
A widespread IT outage has caused disruptions in airlines, banks, supermarkets, telecoms, and media outlets across multiple countries. Australia's National Cyber Security Coordinator is investigating a technical issue related to third-party software, but there is no evidence of a cyber attack. Airports in Australia are experiencing delays, and supermarkets and media outlets are also affected. The police in New South Wales have been made aware of the situation and are advising emergency calls. IT security firm Crowdstrike is aware of reports of Microsoft Windows crashes. The outage has led to blue screen errors on Windows PCs, impacting banks, airlines, and media globally. The issue has been linked to Falcon Sensor by Crowdstrike, and Microsoft 365 services have been affected. Australian broadcasters and the cyber security coordinator have confirmed that the problem is related to third-party software. The UK train operator and Melbourne Airport have also been affected. Sky News UK has gone off air, and presenter Jacquie Beltrao has reported issues. Earlier, US airlines were grounded due to a separate cloud outage. Various sectors, including banks, brokerage houses, and airlines, are facing widespread outages caused by Windows errors like the 'blue screen of death'. Some businesses, such as Australian energy company AGL, have blamed a CrowdStrike update for the issues. The global IT outage has affected airlines, banks, and other systems, with Aena, Iberia, and other organizations resorting to manual systems. The Berlin airport, BER, was forced to suspend operations due to the IT failure, while worldwide disruptions have been reported on major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
19. Juli 2024 um 05:50

Trump accepts GOP nomination amidst Biden's contemplation of dropping out

President Donald Trump formally accepted the Republican nomination, recounting his survival of an assassination attempt and paying tribute to a fallen firefighter. While he initially struck a conciliatory tone, he later attacked his Democratic rival Joe Biden. Reports suggest that Biden is considering dropping out of the race following a poor debate performance and warnings from prominent Democrats such as Nancy Pelosi and Chuck Schumer that he cannot win. Trump's entrance at the convention was theatrical, featuring his wife Melania and running mate J.D. Vance. His campaign claims competitiveness in Democratic-leaning states, while polls indicate that Biden is struggling in four out of seven competitive states. Senator Jon Tester, a Democrat, has called for Biden to withdraw from the race. Meanwhile, Biden's campaign has been plagued by concerns about his age, debate performance, and declining poll numbers, with some Democrats privately pressuring him to step aside. Despite these challenges, Biden has insisted that he is committed to continuing his candidacy.
19. Juli 2024 um 05:50

Netflix gains eight million new subscribers

Netflix has gained eight million new subscribers in the second quarter, surpassing expectations. The company now has a total of 277.7 million subscribers. Netflix also exceeded Wall Street's revenue expectations, reaching $9.56 billion. Additionally, the company reported a net profit of $2.15 billion. This growth comes as Netflix continues to crack down on password sharing, and it has seen increases in previous quarters as well. The streaming service plans to release new games, stream NFL games on Christmas 2024, redesign its interface, and provide more information about its content. The $6.99 monthly ad-supported service is responsible for four million of the new accounts. Netflix has also experienced notable growth in the Asia-Pacific region, adding 2.8 million new accounts, and closed the first half of the year with 17 million new accounts, its best first half since 2020.
19. Juli 2024 um 05:50

US Stocks Tumble as Tech Share Rebound Falters

US Stocks Tumble as Tech Share Rebound Falters
US stocks experienced a significant downturn as the rebound in tech shares faltered. The decline was driven by new trade tensions with China, which caused major indexes to fall, with the energy sector being the only one to advance. The Dow Jones index led the decline, as volatility increased. In Europe, equity markets were mixed, while the European Central Bank kept key rates steady. President Biden announced plans to target companies supplying China with semiconductor technology, putting pressure on Tokyo Electron, ASML, and Taiwan's TSMC. Additionally, speculation about former President Trump's potential 2024 presidential run added to election anxiety. The tech sell-off also impacted Asian markets, with Hong Kong, Australia, South Korea, and Japan all experiencing declines. Despite the overall market decline, Nvidia, AMD, and other chip stocks attempted a rebound after the sell-off. Intel, in particular, saw gains due to its expanding chip fabrication business and the potential for increased domestic chip manufacturing capabilities in the US and Western allies.
18. Juli 2024 um 23:55

Von der Leyen Advocates for a 'Strong Europe' and Harshly Criticizes Orban

Von der Leyen Advocates for a 'Strong Europe' and Harshly Criticizes Orban
Ursula von der Leyen, the President of the European Commission, has called for a 'strong Europe' in the face of fear and uncertainty. She pledged to fight with democratic forces in the European Parliament and criticized Hungarian Prime Minister Viktor Orban's Moscow visit, calling it an 'appeasement mission.' Von der Leyen also emphasized the need for a 'true European Union of defense' to counter the Russian aggression in Ukraine. While NATO remains the pillar of European defense, she stressed the importance of investing more in EU security. Von der Leyen's re-election reflects the ability of Europe's major parties to prevent chaos. She also expressed her intention to address the addictive design of social media platforms, announcing an action plan against cyberbullying and online child abuse. Various political groups, including the Socialists & Democrats and the Renew faction, are advocating for legislation to tackle these issues. The European Commission has already initiated proceedings against TikTok for its addictive design. Von der Leyen's commitment to supporting the interface between science, technology, and industry, particularly in genomics, has been praised by the European Association of Research and Technology Organizations. Additionally, she plans to fully implement the Cancer Plan, present action plans for cardiovascular diseases and mental health, and intensify work in health prevention.
18. Juli 2024 um 19:55

Lilium Delays Manned First Flight to 2025: German Flying Taxi Developer Faces Delivery Delays

German flying taxi developer Lilium is postponing the manned first flight of its flying taxi to 2025 due to delivery delays. Despite the setback, Lilium plans to deliver its first flying taxi in 2026. The company has received a major order from the state-owned Saudi Arabian airline Saudia, but a feasibility study and contract details are still pending. Lilium is currently awaiting certification from the European aviation safety authority. CEO Klaus Roewe confirms that customer deposits are crucial for Lilium to complete the development of its flying taxi. Lilium has a total of 106 firm orders and reservations, along with 76 options and letters of intent for about 600 eVTOL aircraft. The company's jets are designed to take off and land vertically but travel the distance with the help of wings, allowing for higher speed and efficiency. Saudia plans to use Lilium's jets to reduce regional travel times by 90%. Lilium and Saudia will be holding a press event for an important contract signing.
18. Juli 2024 um 19:55

Pistorius Vows to Secure More Funding for Soldiers

Verteidigungsminister Pistorius beim NATO Summit in Austin, 10. Juli 2024
German Defense Minister Boris Pistorius has pledged to continue fighting for a larger defense budget to meet the needs of the Bundeswehr. Pistorius expressed disappointment with the coalition's budget planning, emphasizing the urgent need for more funds. Despite the compromise reached by the government, Pistorius highlighted that the defense budget would need to increase in the coming years. He warned that Russia could potentially pose a threat to NATO territory and emphasized the need for the rapid modernization of the Bundeswehr. Pistorius also stressed the strategic importance of space for Germany's defense and advocated for increased presence in the space domain. However, the proposed defense budget for 2025 shows only a modest increase, raising concerns about Germany's ability to fulfill its NATO commitments. Critics argue that the budget cuts to military aid for Ukraine will hinder Germany's military role and question the government's resolve to take a stronger stance militarily.
18. Juli 2024 um 19:55

Advancements in AI Models: DeepL, OpenAI, and Google DeepMind

DeepL introduces a new AI model that exceeds GPT-4 in translation capabilities. OpenAI launches GPT-4o Mini, a cheaper and smarter model offering higher performance. Google DeepMind develops an open-source AI system called FLAMe to reduce biases in language model evaluation. These advancements in AI models aim to provide improved translations, cost-effective options, and unbiased evaluations of text quality. OpenAI's ChatGPT, a popular AI-powered chatbot, gains widespread adoption and partnerships with companies like Apple and Reddit. However, OpenAI faces challenges such as internal conflicts, copyright infringement lawsuits, and concerns regarding AI ethics. Despite these challenges, OpenAI continues to expand its offerings, with plans for a GPT-5 model and partnerships with major publishers like The New York Times and Financial Times. The development of AI models like ChatGPT raises questions about privacy, misinformation, and the responsible use of AI technology.
18. Juli 2024 um 19:55

Bitcoin's Price Dip and the Influence of ETFs

Bitcoin's Price Dip and the Influence of ETFs
Despite a recent 20% drop in Bitcoin's price, long-term holders continue to accumulate the cryptocurrency. Bitcoin spot ETFs have seen high inflows, reaching levels not seen since June. The price drop may be attributed to the Mt. Gox hack repayments and the German government selling its Bitcoin stash. However, Bitcoin has found support in the $55,000-$58,000 range, leading to increased ETF inflows and more buying from long-time holders. Analysts predict that Bitcoin could reach $74,000, but it must reclaim its all-time high of $69,000. Furthermore, there is expectation of Bitcoin reaching $100,000 driven by inflows to Bitcoin and Ethereum ETFs. Despite regulatory hurdles, Bitcoin ETFs are driving mainstream adoption. The market dynamics and involvement of sovereign wealth funds may further influence Bitcoin's climb. However, the market remains uncertain, and the potential for Bitcoin to dip to $45,000 before recovery is also discussed. Overall, the influence of ETFs on Bitcoin's price is becoming more significant compared to miners and other BTC holders.
18. Juli 2024 um 19:55

The Inflationary Threat of Trump and Other Factors Inform ECB's Decision to Keep Rates Unchanged

At the July meeting, the ECB kept interest rates unchanged, signaling uncertainties in reducing inflation. The ECB President, Christine Lagarde, did not provide any hints about the next move, despite market expectations of a rate cut in September. The central bank remains concerned about the inflationary threat posed by Donald Trump's trade policy and the high services sector inflation in the euro area. Lagarde expressed confidence that wage costs will decline in the future, but not until 2025-2026. The ECB will closely monitor wage costs, prices, and productivity in determining the continuity of rate cuts. The central bank also highlighted potential risks to inflation from geopolitical tensions and a global economic downturn. The market still expects a rate cut in September, with a 75% probability. In the US, former Federal Reserve President, Mester, predicts rate cuts if inflation continues to cool, emphasizing the impact of high inflation on lower-income Americans. The timing of rate cuts will depend on factors such as retail sales, inflation, and labor data.
18. Juli 2024 um 19:55

German Railway: Every Third Train Delayed

German railway operator Deutsche Bahn has significantly missed its punctuality target, with every third long-distance train being delayed. Strikes, construction sites, storms, and poor infrastructure have been identified as the main causes of the delays. To address this issue, the government plans to invest billions in rail rehabilitation, including the modernization of heavily used rail sections such as the Riedbahn between Frankfurt and Mannheim. However, Germany still lags behind other European countries in terms of investment in rail infrastructure. In the first half of 2022, only 62.7% of long-distance trains arrived on time, while the punctuality rate for passengers was 66.8%. The negative impact of extreme weather events, strikes, and infrastructure challenges has led to a wave of criticism from politicians. In an effort to improve punctuality, Deutsche Bahn is planning a comprehensive overhaul of its rail network.
18. Juli 2024 um 19:55

Heat Waves Ravage Europe: Spain, Greece, Italy, and Ukraine Struggle

Southern and eastern Europe face unprecedented heat waves with Spain and Greece declaring emergencies due to scorching temperatures exceeding 40°C. Greek firefighters battle 40 new blazes, while Spain copes with Saharan sand and dust exacerbating the extreme conditions. The relentless heat forces outdoor restrictions and raises wildfire risks, with grape pickers starting work at dawn to escape the midday sun. In Ukraine, a damaged energy grid confronts a new challenge as a 40°C heat wave prompts nationwide blackouts, pushing businesses to rely on generators and residents to cool off at the Dnipro River during outages. The situation remains dire as Europe grapples with the unbearable heat, prompting urgent measures and resilience against the relentless summer inferno.
18. Juli 2024 um 19:55

Ukraine War Updates: Espionage Claims, Defense Minister's Statement, and Drone Attacks

Russia's Foreign Minister, Sergey Lavrov, claims to have 'irrefutable evidence' of espionage by imprisoned US journalist Evan Gershkovich. Defense Minister Boris Pistorius acknowledges the need to be prepared to defend against aggression, while the mayor of Novorossiysk warns of drone attacks. Ukrainian President Zelenskyy commemorates the downing of a passenger plane ten years ago. Germany's Bundeswehr sees an increase in applicants, and Ukrainian casualties mount in the battle for a bridgehead. In Kyiv, air raid alerts sound as drones attack the city. Estonia and Lithuania ban vehicles with Belarusian license plates. Meanwhile, incoming UK Foreign Secretary David Lammy considers new restrictions on using Western weapons against Russia. Russia's advances in Ukraine come at a cost, as they suffer losses and face tension with Western powers.
18. Juli 2024 um 14:59

Von der Leyen calls for a strengthened EU budget

Ursula von der Leyen, in her speech to the European Parliament, signaled support for an enlarged EU budget, including NextGenerationEU, and proposed a Competitiveness Fund, Clean Industrial Deal, and shift from Vestager's competition focus. She emphasized reducing bureaucracy, deepening the single market, linking EU funds to rule of law, and creating a Savings and Investment Union and Affordable Housing Plan, while acknowledging opposition from fiscally 'frugal' countries like Germany who cite the lack of efficiency in existing programmes as a reason to reform rather than expand the budget.
18. Juli 2024 um 14:59

ECB decides to maintain key interest rates in the euro area

The European Central Bank (ECB) has decided to keep the interest rates unchanged in the euro area. Following a series of rate hikes in response to high inflation, the ECB made its first rate cut in June. However, with inflation still above the target of 2%, the central bank has opted for a pause in its monetary policy. The ECB expects inflation to remain high for some time. The decision comes amidst concerns over the weakening economy in the Eurozone, as several indicators and economic data have disappointed in recent months. The ECB's next steps will be closely watched, as many economists predict further rate cuts to achieve the inflation target. The central bank remains cautious and has not committed to a specific path for interest rates.
18. Juli 2024 um 14:59

Car sales in the EU: Hybrid vehicle sales rise - pure electric cars decline

The latest data from the European car market shows a rise in hybrid vehicle sales and a decline in pure electric cars, except in Belgium and Italy. Germany, the Netherlands, and France have seen declines in electric car sales. Gasoline and diesel engines remain stable in Germany but are declining in other countries. The market shares for fossil fuel drives are at 47.1%, electric cars at 14.4%, and hybrids at 29.5%. Price differences between combustion engine and electric models still exist, but transaction prices are converging. The decline in electric car sales can be attributed to factors such as reduced or discontinued subsidies and limited customer interest. The high prices of electric cars, concerns about range, charging infrastructure, and the possibility of changes to the ban on combustion engines by 2035 have also contributed to the decline. Despite these challenges, the overall car market in Europe has seen a 4.3% increase in new car registrations, driven by strong sales in Italy, Germany, and Spain.
18. Juli 2024 um 09:00

Construction Industry in Crisis: Lowest Level since 1995 for Land Purchases

Land purchases in Germany have reached a historic low, declining by 34% in the previous year. This sharp decrease in land turnover and sales turnover has raised concerns about a housing shortage, as experts from the Gewos Institute warn. The rising interest rates and high construction costs are the main reasons for this decline in land purchases. Even for emerging land, the figures are significantly decreasing. According to the real estate market analysis IMA, Gewos has been tracking land purchase contracts in independent cities and districts since 1982. The federal government had aimed to build 400,000 apartments annually, but in 2023, only 294,400 apartments are projected to be built, slightly less than in 2022. Sales have collapsed by 54% compared to the peak in 2021, while land and sales turnover have declined by 58% and 60% respectively. The decline in building permits will have a delayed effect, further exacerbating the situation. The decreasing trend in land purchases poses a significant challenge in the fight against the housing shortage. Experts stress that densification and expansion alone will not be sufficient to address this issue. The CEO of Vonovia anticipates further insolvencies in the real estate industry.
18. Juli 2024 um 09:00

Helga Schmid Considered as President of UN General Assembly

Helga Schmid, an experienced German diplomat, is set to become the President of the UN General Assembly in the 80th session. She enjoys high international reputation, was awarded the Federal Cross of Merit 1st Class, and was promoted by Joschka Fischer and Klaus Kinkel. As President, she would represent the UN member states and deliver one of the first speeches at the annual UN General Debate. Her election is considered certain, as Germany is running for this office for the first time. The role of the UN General Assembly President is often seen as ceremonial compared to the more powerful UN Security Council. If elected, Schmid would be the fifth woman to hold this position. The UN General Assembly has gained importance as a global barometer of sentiment in recent years.
18. Juli 2024 um 09:00

Dyson's Innovative OnTrac Headphones: A Customizable Audio Experience

Dyson unveils the $500 OnTrac headphones, boasting over 2,000 customization options, exceptional noise cancellation, and up to 55 hours of battery life. Featuring 40mm drivers spanning frequencies from 6Hz to 21,000Hz, wired USB-C connectivity, and support for various Bluetooth codecs, these headphones offer convenience and premium sound quality. Unlike its predecessor, the OnTrac focuses solely on audio excellence, omitting air purification features. The collapsible carrying case, though lacking in robustness, hints at a portable design. Listeners eagerly anticipate how the OnTrac's sound and ANC capabilities will measure up against rival brands in the market.
18. Juli 2024 um 09:00

European Political Community Summit: Struggles, Relevance, and Future

The European Political Community (EPC) summit, held in the UK, brings together leaders from 47 European countries to discuss urgent issues such as the Ukraine crisis, illegal migration, and security. However, the relevance and feasibility of the EPC format have been increasingly questioned, with concerns over its existence and lack of concrete results. The UK government, led by Prime Minister Keir Starmer, aims to renew its relationship with Europe and improve cooperation in areas such as border security and defense. The summit also addresses the post-western world, with discussions on China, India, Turkey, and Brazil's ties with Russia. Turkey's President and the European Commission President are absent from the summit, raising questions about future participation. As the EPC struggles to stay relevant, diplomats suggest reducing the frequency of meetings. The next EPC summit is scheduled to be held in Budapest, but participation may be uncertain due to current political tensions.
18. Juli 2024 um 09:00

Ursula von der Leyen campaigns for re-election as EU Commission President with a focus on defense and e-fuels

Ursula von der Leyen campaigns for re-election as EU Commission President with a focus on defense and e-fuels
Ursula von der Leyen, the EU Commission President, is campaigning for a second term with a vision to strengthen Europe through prosperity, protection, and democracy. She plans to launch a 'Clean Industrial Deal' and establish a European Defense Union with an air defense shield and a defense commissioner. The European Parliament will vote on her re-election, and she needs the support of the European People's Party, Social Democrats, Liberals, Greens, and right-wing factions. Von der Leyen emphasizes the importance of Europe shaping its own future and expresses support for Ukraine. Additionally, she proposes exceptions for e-fuels in the context of the EU's climate targets. However, the approval of von der Leyen's re-election depends on her political program and gaining enough votes from various political groups. It remains uncertain whether she will secure an absolute majority of 361 votes. The outcome of the vote will determine whether she will continue as President of the European Commission for another five years.
18. Juli 2024 um 09:00

Largest Stegosaurus Skeleton Sells for $44.6 Million at Auction

The largest and most complete Stegosaurus skeleton, named Apex, was sold at auction for a record-breaking $44.6 million. Sotheby's had expected a sale price of $4-6 million, but the bidding quickly escalated due to numerous telephone bidders. Apex stands over 11 feet tall and is approximately 27 feet long, making it the most complete and well-preserved Stegosaurus specimen of its size. Out of the estimated 319 dinosaur bones, 254 were found and preserved. Stegosaurus, meaning 'roof lizard,' refers to the dinosaur's distinctive, roof-like bone plates. While dinosaur skeletons have been sold in previous years, this sale sets a new record, surpassing the $31.8 million sale of the most complete Tyrannosaurus Rex skeleton, named Stan. The anonymous buyer intends to loan the skeleton to an American museum institution. The sale of scientifically valuable skeletons at auctions is controversial, as museums and research centers struggle to compete with the high auction prices. The discovery of the Apex skeleton in 2022 near Dinosaur Monument in Colorado, close to the Utah border, adds to the growing collection of dinosaur fossils.
18. Juli 2024 um 05:50

Markets Optimistic on Second Trump Term Prospects

Following expectations of a second Trump term, U.S. stocks gain with the Russell 2000 hitting a high. Market anticipates a 50 basis point Fed rate cut and focuses on earnings like UnitedHealth Group's strong performance. Trump's policies and potential running mate choice impact Asian shares and raise Treasury yields. Amidst the uncertainty, tech stocks face a downturn while the Nikkei 225 rises. European markets react cautiously, with gold reaching a record high and oil prices falling. Investors watch for retail sales data and potential Fed actions amidst political shifts.
18. Juli 2024 um 05:50

Ukraine War in Live Ticker: Key Updates

The Ukraine war continues to unfold with various developments. Ukrainian President Zelenskyy commemorates the victims of the downing of MH17, calling for fair punishments. The battle for Krynki results in heavy losses for Ukraine. Air raid sirens sound in Kyiv as drones attack the city. Estonia and Lithuania ban cars with Belarusian plates. Zelenskyy welcomes the return of 95 prisoners from Russia. Moscow sentences two Russians for trying to join a paramilitary unit fighting against Russia. Russian Foreign Minister Lavrov blames the US for the violence in Ukraine and the Palestinian territories. The Netherlands commemorates the 10th anniversary of the MH17 disaster, calling for justice. In other news, Germany plans to halve military aid to Ukraine, and several countries ban Belarus-registered cars from entering their borders.
18. Juli 2024 um 05:50

Ursula von der Leyen faces crucial vote for second term as EU Commission President

Ursula von der Leyen, the incumbent President of the EU Commission, is facing a crucial vote in the European Parliament for her second term. She needs 361 votes for re-election and has been reaching out to various political groups to secure support. While major groups have backed her, there is expected to be some dissent. The Greens, in particular, will play a key role in deciding her fate based on her program, which is expected to focus on boosting EU competitiveness, continuing the Green Deal, and addressing Ukraine's EU accession and the hybrid threat from Russia. The outcome is still uncertain, but a rejection would lead to a leadership vacuum and uncertainty for the European Union. Von der Leyen's coalition has been carefully crafted, but defections are a possibility. She will present her political program in a speech before the vote, addressing compromises on contentious issues such as the combustion engine ban and funding for Gaza and Palestine. The vote will determine the future leadership of the EU Commission and its direction in the coming years.
17. Juli 2024 um 23:55

Federal Cabinet decides on draft budget for 2025 and financial planning

The Federal Cabinet has decided on the government's draft budget for 2025 and the medium-term financial planning until 2028. The budget includes record investments, a shift in the economy, tax relief, and improvements for families. However, there are cuts in development cooperation and humanitarian aid, as well as billion-dollar gaps in the budget. A supplementary budget for 2024 has also been approved. The budget prioritizes investments in security, education, infrastructure, and innovation. The Cabinet has also discussed various health policy topics proposed by the Federal Minister of Health. The budget will be sent to the Bundestag with 480.6 billion euros in expenses and 43.8 billion euros in new debt. The Cabinet has also approved a growth initiative and a supplementary budget for 2024 with higher expenses and new debt. The budget aims to provide tax relief of 23 billion euros and improvements for families. However, there are concerns about fairness, with cuts in development cooperation and inadequate defense funding. There are still some unanswered questions about the budget, and further clarifications will be made by the Cabinet in mid-August before it is forwarded to the Bundestag and Bundesrat for approval.
17. Juli 2024 um 23:55

USA Announces End of Temporary Pier in Gaza Strip

The US has announced the closure of a temporary aid pier in the Gaza Strip after facing multiple challenges. The pier, which was constructed to deliver much-needed aid to the Palestinian territory, faced damage due to bad weather and was temporarily removed for repairs. Despite the difficulties in distributing the aid and the high cost of the project, the US military considers it a success. The pier delivered nearly 20 million pounds of aid during a period of near-famine in Gaza. However, it also faced criticism for diverting attention from the need to open more border crossings with Israel. In addition, the distribution of aid within Gaza was hindered by insecurity and lawlessness. In light of these challenges, Israel plans to use the Ashdod port and Pier 28 as alternative routes for aid delivery. The closure of the temporary pier comes amidst the ongoing conflict between Israel and Hamas, which was triggered by a major attack by Hamas fighters and other militant Palestinian groups. As a result of the conflict, thousands of people have been killed, and the situation in Gaza remains dire.
17. Juli 2024 um 23:55

Prominent US Democrat Adam Schiff Calls on Biden to Forgo Candidacy

Prominent US Democrat Adam Schiff Calls on Biden to Forgo Candidacy
Prominent Democratic legislator Adam Schiff has urged President Biden to withdraw from the 2024 election, citing doubts about his ability to defeat former President Trump. Schiff's call for Biden to step aside has been met with criticism, as the Democratic Party plans for an early virtual roll call to nominate Biden before the convention. A poll shows that a majority of Democrats want Biden to not run. However, the Ohio ballot deadline change has complicated the party's plans. Despite concerns about Biden's age and health, his campaign team appeals to the media to focus on the issues. The Democratic Party is growing increasingly worried about Biden's performance and is exploring alternative options. Schiff acknowledges Biden's accomplishments but believes it is time for him to pass the torch to preserve his legacy. The division within the party over Biden's candidacy deepens, while the Republican Party shows unity at their convention. The upcoming virtual roll call is expected to determine the Democratic nominee before the convention, although some House Democrats are concerned about potential divisions within the party. Overall, the Democratic Party faces challenges in navigating the path to the 2024 election.
17. Juli 2024 um 23:55

Steinmeier pays tribute to Merkel's achievements on the occasion of her 70th birthday

Steinmeier pays tribute to Merkel's achievements on the occasion of her 70th birthday
Bundespräsident Frank-Walter Steinmeier praised Angela Merkel's achievements as she turns 70. He highlighted her role in shaping a united Germany and commended her resilience, sense of duty, and humanity. The SPD leader, Saskia Esken, admired Merkel's empathy and ability to seek common ground. However, Union parliamentary group deputy leader Jens Spahn criticized Merkel's handling of mass migration, her ties with Russia, and the decision to phase out nuclear power. A YouGov poll indicated that 61% of respondents believed Germany had worsened since Merkel's tenure, with 28% attributing it to the current government's policies. Merkel, the first female German chancellor, played a pivotal role in politics and became a role model for many.
17. Juli 2024 um 23:55

Metsola Re-elected as EU Parliament President, Two Germans Elected as Vice Presidents

Die Präsidentin des Europäischen Parlaments Roberta Metsola am 16. Juli 2024 in Straßburg
Roberta Metsola, a Maltese MEP, has been re-elected as the president of the European Parliament for another two and a half years, receiving a significant majority of votes. In her role, Metsola aims to bridge the gap between people's expectations of Europe and what can be achieved. She emphasizes the importance of a strong parliament that advances the laws desired and needed by citizens. Metsola also stresses the need to hold other institutions accountable and advocates for the rule of law and unwavering support for Ukraine. Alongside Metsola, two German politicians, Sabine Verheyen and Katarina Barley, were elected as vice presidents. The European Parliament also voted for the 14 vice presidents, including Barley and Verheyen, who received strong support. The role of the EP President is largely ceremonial, with limited influence on EU policy processes. The re-election of Metsola as president is part of a larger package of appointments for top EU positions agreed upon by EU leaders after the elections. Ursula von der Leyen, the current European Commission president, is seeking a second term but faces challenges in securing enough votes. Some members from center-right, socialist, and liberal groups have already announced that they will not support her. Von der Leyen has tried to broaden her support by reaching out to right-wing and Green parties, but this strategy has faced criticism and may unite the far-right against her. MEPs must evaluate if von der Leyen embodies a clear political vision capable of addressing the EU's challenges.
17. Juli 2024 um 19:55

AI Update Compact: YouTube Training, Apple Profits, 3D for Photos

Several tech companies, including Apple, Anthropic, and Salesforce, have been accused of using YouTube videos without permission for AI training. Apple, benefiting from its AI strategy, has become the most valuable company. Google is testing an AI application called Vids for video production. Researchers have developed a method for photorealistic 3D reconstruction from photos. Additionally, Anthropic has released an Android app for their AI assistant Claude. These developments highlight the growing role of AI in various industries and the ethical and legal challenges that come with it.
17. Juli 2024 um 19:55

Defense Minister Pistorius Frustrated Over Budget Wrangling

Defense Minister Pistorius Frustrated Over Budget Wrangling
Defense Minister Pistorius, along with Inspector General Breuer, is disappointed with the proposed Bundeswehr budget increase of only 1.25 billion euros, significantly less than the demanded 6.7 billion euros. Finance Minister Lindner recognizes the urgent need for increased defense spending by 2027. Pistorius emphasizes that operational readiness, soldier equipment, ammunition procurement, spare parts, and digitization are top priorities. He warns of potential Russian attacks on NATO territories and pledges to continue advocating for a higher defense budget to address material gaps. The German government plans to reduce military aid to Ukraine from 7.48 billion euros in 2023 to 4 billion euros in 2025. The defense budget will increase by 1.3 billion euros, but Pistorius is pushing for an additional 6 billion euros. Lindner acknowledges the growing budget deficit and stresses the importance of growing the economy through structural reforms and business-friendliness. However, the projected budget gaps of 9 to 17 billion euros by 2028, along with increasing defense and welfare expenditures, pose financing challenges for Germany. Lindner remains committed to his approach and aims to lead by example in fiscal policy. The CDU-led state governments are open to easing debt regulations to accommodate greater investment volumes. Nevertheless, these short-term goals clash with the need for immediate revenue generation. The fate of Lindner's initiatives relies on the cooperation of the states. Integration into the labor market is crucial for reducing rising welfare costs, and Lindner highlights the importance of work and integration as a humanitarian obligation. However, the provision of childcare facilities falls under the purview of local and state governments, and Lindner acknowledges the need for improvement in this area.
17. Juli 2024 um 19:55

Growing Billion Dollar Gaps: Lindner Sees Money Running Out

Federal Finance Minister Christian Lindner has presented a federal budget that reveals growing billion-dollar gaps in Germany's finances. The budget for 2025, adopted by the Federal Cabinet, shows planned expenditures of 17 billion euros that are not yet covered by revenue or loans. Lindner aims to cover at least 8 billion euros of this gap by converting subsidies to the railway and Autobahn GmbH into loans and transferring surpluses from the state bank Kreditanstalt für Wiederaufbau (KfW) from the gas price brake to the federal budget. However, there will still be a shortfall of 9 billion euros, which could potentially grow to 39 billion euros by 2028. This is due to the need to meet NATO defense spending targets and increasing social spending. Lindner's solution is to stimulate economic growth through structural reforms and business-friendly policies. The budget has received criticism for its reliance on tricks and the shifting of problems to the future. The finance minister's plans have faced opposition within the coalition government, with debates about the suspension of the debt brake and disagreements over funding priorities. The budget will now be reviewed by the Bundestag and Bundesrat.
17. Juli 2024 um 19:55

Bitcoin Price Fluctuations and Market Outlook

Bitcoin Price Fluctuations and Market Outlook
Bitcoin price has experienced volatility due to various factors such as Mt. Gox sell-offs and German government liquidations. However, positive indicators suggest a potential rally, with analysts setting ambitious price targets. Supportive macroeconomic factors and increased institutional demand have helped mitigate the bearish outlook. The recent recovery in Bitcoin price has sparked optimism, with predictions ranging from a potential drop below $50,000 to a sharp rebound towards $71,500. Spot Bitcoin ETFs have attracted significant inflows, indicating growing investor interest. Market dynamics and favorable events may drive Bitcoin towards $150,000 by year-end. Trump's pro-crypto stance and improved election odds have also contributed to the recent surge in Bitcoin price. Ethereum and other altcoins have also experienced price fluctuations, but the long-term growth outlook remains positive. Overall, upcoming events, regulatory decisions, and market sentiment will continue to impact Bitcoin's trajectory in the coming months.
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