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German Minister of Economic Affairs, Robert Habeck, embarks on a diplomatic mission to Greece, discussing energy, trade, climate change, and migration with Prime Minister Mitsotakis. Amidst Greece's economic recovery fueled by EU funds, citizens struggle with price pressures. Habeck's visit aims to strengthen ties, addressing the historic financial crisis period and refugee returns. Notably, Habeck's informal past visits to Greece contrast with his current diplomatic role. Meanwhile, in Germany,..

Food prices in Germany have surged significantly since 2020, with olive oil prices up to 112.6%. Factors such as production declines due to climate issues, supply worries on global markets, and the Ukraine war's influence on grain prices have contributed to the rise. Notably, butter prices have skyrocketed due to low milk volumes and insufficient fat content. While some products have seen price decreases, overall prices remain high. Essential items like sugar, oil, and cookies have also become..

Boeing's Starliner spacecraft faced setbacks, completing a risky return to Earth uncrewed. Despite technical malfunctions, the mission was deemed successful. Boeing invested heavily in Starliner, encountering issues like thruster failures and helium leaks during the test flight. Uncertainty looms over the future of the program, crucial for Boeing's space ambitions and NASA's Commercial Crew Program. The troubled mission adds to Boeing's recent space business setbacks, highlighting the challenges..

Multiple accidents on the A40 and B1 highways causing closures and delays. A40 towards Dortmund closed due to crash involving a truck and car, leading to a 3 km traffic jam. A66 accident near Wiesbaden resulted in lane closure after a vehicle collided with a barrier. B1 in Dortmund to be closed for bridge demolition and expansion work, affecting traffic flow until 2027.

Bitcoin ETFs have seen significant outflows, with Grayscale and Fidelity leading the way, while BlackRock and WisdomTree have managed to buck the trend. The price of Bitcoin has dropped to its lowest level since August 5th, currently sitting at $53,304. The Crypto Fear and Greed Index is currently at 23, indicating a market leaning towards fear. Technical indicators suggest a potential death cross and falling wedge pattern. Additionally, $113.86 million worth of Bitcoin positions have been liq..

The VW crisis threatens Germany's prosperity model with job guarantees being cancelled and plant closures looming. The crisis exposes structural weaknesses such as high costs, slow bureaucracy, and insufficient investments. Production and supply chains have also been disrupted by protectionism and the COVID-19 pandemic. Questions about political responsibility and trade union co-determination arise. The structural change required demands political reforms to promote it. The federal government,..

The Dow Jones saw gains while Nasdaq dropped, with Broadcom and Nvidia partner's stocks plunging. Samsara surged, while Arista, Costco, Meta, Netflix, and Taiwan Semi attracted attention. Home Depot and IBM were in buy zones. Amazon, Apple, Microsoft, Nvidia, Tesla, and Alphabet had mixed performances. The nonfarm-payrolls report impacted midday market, with Intel, Dell, and Ulta making moves. Intel's challenges led to discussions of its Dow Jones status. Broadcom reported strong Q3 results but..

The S-Bahn lines in southern Hamburg are expanding, enhancing connections to Harburg, Neugraben, and Bergedorf. Notable improvements include the introduction of the new S6 line between Neugraben and Elbgaustraße and longer trains accommodating up to 1,500 passengers on the S2 line. With a substantial investment of 425 million euros, including over 150 million euros in federal funding, the project aims to boost efficiency and punctuality. Despite delays, the Diebsteich station is set to reopen..

Air Zermatt rescued 2,200 tourists from Saas Fee, a popular Swiss mountain resort, cut off by a mudslide. Among the stranded were many elderly visitors who were in no rush to leave. Helicopter evacuations were conducted, with some tourists enjoying the stay and elderly individuals opting to remain. The main road between Stalden and Saas Balen remains closed, affecting residents of Bavona and Maggia valleys. The severe weather in Sion on September 5 caused floods, mudslides, and infrastructure..

Olaf Scholz counters criticism by defending pension plans, aiming to maintain stable pension levels until 2039. The FDP seeks financially viable solutions for the younger generation. Scholz underscores the necessity of ending retirement at 63 in the long term. Urging a prompt approval, Scholz pushes for the timely passing of the second pension package before the 2025 budget debate.

This week witnessed a significant downturn in the semiconductor industry, with Nvidia, Broadcom, Intel, and ASML experiencing notable stock declines. Nvidia, in particular, saw a 14% drop, the most significant since January 2022, triggered by concerns over its position in the Dow Jones Industrial Average. Analysts are closely monitoring tech spending and diversification given the recent sell-off. Additionally, Nvidia's stock flirted with key technical levels, reflecting investor unease amid li..

A tragic plane crash in southern Brazil claimed 62 lives, potentially due to deicing problems according to aviation experts. Conversations from the flight recorder revealed concerns about the deicing system before the aircraft plummeted. Speculations arose about ice affecting the plane's lift, although investigations continue. The aircraft, certified for icy conditions, crashed in Vinhedo after departing from Cascavel for Guarulhos. Despite the crew's training for icy flights, there were no su..

Bitcoin's potential to reach $100,000 is supported by Samson Mow, who dismisses fear-driven markets as temporary. Analysts warn of a drop below $50,000 amidst 'Extreme Fear' in the market. Meanwhile, experts foresee Bitcoin hitting $150,000 by 2024, with Trump's election prospects potentially influencing a rise to $85,000. Institutional interest and market volatility indicate a major shakeout setting up, with key support levels at $50,000 and $42,000. US companies are expected to invest $10.3..

Volkswagen's major shareholders, including the Porsche-Piëch clan, are being urged to repay 4.5 billion euros in dividends to prevent plant closures and layoffs. The Left party leader criticizes the situation, arguing that employees and taxpayers should not bear the brunt of mismanagement. Volkswagen CEO, Oliver Blume, announced a cost-cutting program due to the difficult European car market and declining competitiveness. The crisis at Volkswagen, a vital company for Germany's economy, could h..

Pope Francis advocates for the cessation of violent tribal conflicts in Papua New Guinea, highlighting the escalation of violence due to modern weaponry and mercenaries. Previous government efforts, including mediation and amnesties, have failed amidst nearly 40% of the population living in poverty. Despite abundant mineral resources, foreign companies dominate mining operations in the country. The doubling of the population since 1980 has exacerbated land disputes. With 98% of the populace be..

Chancellor Scholz criticizes the public image of the traffic light coalition, emphasizing the need for more substantive coverage. He anticipates the coalition to endure the legislative term, highlighting the significance of their decisions. Scholz laments the overshadowing of content by intense public debates, calling for a focus on policy matters over sensationalism. He stresses that politics should not mirror entertainment shows but rather educate citizens about crucial discussions.

Food prices in Germany have surged, with products like quark, ketchup, and canned goods experiencing up to a 70% increase. However, citrus fruits and apples buck the trend. Unpredictable price shifts are attributed to climate factors like droughts and heavy rainfall impacting production. Particularly notable are spikes in olive oil (+112.6%), sugar (+83.3%), and cookies (+77.4%). Conversely, carrots (-13.8%), onions, garlic (-13.7%), and frozen fruit (-13.1%) witnessed price drops. The market's..

Bitcoin traders remain optimistic about BTC finishing September above $60,000, despite historical price declines and potential short-term volatility. Analysts warn of a potential correction below $50,000, but also highlight bullish signals such as technical indicators and a potential breakout. Bitcoin's struggle to stay above $60,000 is attributed to global market uncertainties and reduced demand. The crypto market sentiment has dropped to a one-month low, with increased liquidations and decli..

German Vice Chancellor Robert Habeck embarks on a two-day official visit to Greece, where he opens the Thessaloniki International Fair alongside Greek Prime Minister Kyriakos Mitsotakis. During his visit, Habeck engages in bilateral talks on the economy, geopolitics, and climate with Mitsotakis. He also discusses energy topics, particularly the construction of hydrogen pipelines to Europe, with countries in the Middle East and North Africa. Germany, as Greece's most important trading partner,..

China's investments in Africa's infrastructure, jobs, and military aid through credit lines are worth billions of dollars. While Chinese investments have helped Africa modernize and provide job opportunities, there are concerns about debt diplomacy, environmental impact, and competition with local businesses. African countries negotiate with China on a bilateral basis, weakening their collective bargaining power. Western countries have also faced criticism for their predatory behavior in Africa...

ING Germany, a direct bank with 9 million customers, is getting a new CEO Lars Stoy, who recently led the retail bank of Deutsche Bank in Germany. Retail banking board member Daniel Llano is leaving ING for JP Morgan. The succession in the Private Banking & Wealth Management Germany division at Deutsche Bank is still open. Claudio de Sanctis, retail banking board member at Deutsche Bank, praises Stoy's performance. At Deutsche Bank, Dominik Hennen is set to report directly to de Sanctis.

Danone, a pioneer of the Nutri-Score in Germany, is removing the five-stage nutritional score from drinkable dairy products and plant-based drinks, as new calculations classify them as beverages, even though they are food items with fiber, protein and fruit/vegetables. This decision comes after changes to the calculation method resulted in what Danone describes as 'absurd' ratings. The Nutri-Score, a voluntary nutritional labeling system, rates food products on a five-stage scale based on fact..

The UK competition authority, CMA, accuses Google of using its market power to hinder competition in online advertising, disadvantaging British publishers and advertisers. Google denies the allegations and defends its programs that help businesses reach new customers. The EU and the US are also pressuring Google over its advertising technology, with the EU considering a forced sale of business units. If successful, the US lawsuit could result in the breakup of Google. The CMA investigation con..

Edeka, a German supermarket chain, plans to address the personnel shortage in retail by replacing staffed meat and cheese counters with self-service and flexible counters. This change will eliminate the advice from employees, weighing and packaging services, as well as the free sausage for children. The meat plants will deliver more pre-packaged goods to the stores. Various Edeka regions will implement these changes in new or modernized stores, while some regions will remain unchanged for now...

Rail travelers in Germany, particularly in NRW and Berlin, are facing significant disruptions due to various issues, including construction, staffing problems, and technical failures. In NRW, new construction sites, staffing problems with competitors of Deutsche Bahn, and station renovations are leading to cancellations and delays. Additionally, the closure of certain lines and the cancellation of services by National Express are adding to the chaos. To address the situation, DB Regio NRW has..

Leading economic research institutes have lowered their forecasts for German economic growth, citing structural problems such as climate change, energy prices, and digitalization. The industry and construction sectors are shrinking, investments and exports are stagnant. While there are some bright spots in the retail and construction industries, overall, economists predict zero growth or minimal growth for this year. The weak private consumption and the delayed recovery in the manufacturing in..

Analysts foresee a September Bitcoin correction below $50,000 due to historic downside volatility, a possible US rate cut, and the current bearish trend. With Bitcoin hovering around $56,100 and the 200-day SMA at risk of turning bearish, market sentiment appears fearful, hinting at a near-term dip. Despite cautious optimism from experts anticipating a $100K-$150K price range by 2024, the looming economic uncertainties pose challenges. The recent rise in crypto prices on weak US jobs data sugg..

Chancellor Olaf Scholz is facing increasing pressure as the popularity of his traffic light coalition declines. The recent election in Thuringia was a setback, and the upcoming election in Brandenburg could bring further problems. The party leadership is trying to protect Scholz, but political scientist Albrecht von Lucke believes an early end to the coalition and Scholz's candidacy for chancellor are possible. Juso-Chef Philipp Türmer criticizes the coalition's social policies, calling for the..

German exports saw a 1.7% increase in July 2024 compared to the previous month, while imports also rose by 5.4%. However, exports to the USA, China, and the United Kingdom decreased, while imports from China increased. On the other hand, exports to Russia experienced a significant increase of 18.9%, although imports from Russia decreased by 6.5%. Exports to EU countries rose by 3.3%, with imports increasing by 5.3%. Non-EU countries saw a slight decrease in exports by 0.2%, but imports rose by..

Despite the boost in bitcoin market liquidity, Ether's market depth dropped by 20% on U.S. exchanges and 19% offshore post the Ether ETF debut. Mounting outflows exceeding $500 million and market conditions led to a 25% price drop to $2,380. Spot Bitcoin ETFs saw a six-fold surge in outflows to $211.15 million, with BlackRock's IBIT remaining stable. BlackRock's bitcoin ETF faced $13.5 million outflows since May, contrasting Fidelity and Grayscale's inflows. Ethereum ETFs struggled amidst Sola..

IG BAU and the Tenants' Association are urging for a Housing Stimulus Program with an annual budget of 20 billion Euros. The plan allocates 13 billion Euros for 100,000 social housing units, and 3.5 billion Euros each for condominiums and 40,000 affordable housing units. To fund this initiative, they propose cracking down on tax evasion, which deprives the federal government of 30-50 billion Euros annually. The initiative, aimed at tackling housing shortages and boosting the economy, is champi..

Billionaire Elon Musk could lead a government efficiency commission if Trump is re-elected. The proposed commission aims to limit government spending and improve efficiency. Trump also plans a 15% corporate tax rate for domestic manufacturers and developing low-tax, low-regulation housing on federal lands. This contrasts with Kamala Harris' proposed $25,000 first-time homebuyer credit. Trump's economic agenda faces scrutiny over debt, inflation, and job impacts.

US stock futures dip as weak labor figures fuel recession concerns and rate cut speculation. Nasdaq and Dow futures slide ahead of crucial job report. AI sector trends under scrutiny post-C3.ai and HPE stock movements. International markets await US employment data with uncertainty. Oil prices and bond yields react as investors anticipate Fed's next moves. Notable stock movements include Boeing's decline and Unity Software's surge.

Nvidia's recent 15% stock drop presents an attractive buying opportunity, according to BofA. Despite challenges like chip delays and regulatory scrutiny, Nvidia is viewed as undervalued with significant upside potential. The company's strong position in AI, particularly with the upcoming Blackwell chip, signals promising growth. The DOJ's investigation and concerns over profit margins due to Blackwell's release impact investor sentiment. As Nvidia navigates these hurdles, investors eye alterna..

A recent survey by the ADAC Foundation reveals that every fourth elementary school child is driven to school by parents. However, this practice has been criticized as children do not learn about traffic safety this way. The majority of parents also acknowledge the presence of too many cars at schools, with 62% of respondents expressing concern. Last year alone, 27,000 children were injured in traffic accidents, with 6- to 14-year-olds having the highest number of accidents in the morning while..

EnBW CEO Stamatelopoulos describes financing the energy transition as a daunting task, requiring over 1.2 trillion euros by 2035. Despite proposals to ease costs, he leaves the decision on a special fund to politics. The declining acceptance for the energy transition burdens consumers, delaying progress. Stamatelopoulos emphasizes state support for investments. Additionally, under his leadership, EnBW prioritizes security, innovation, and developing new business models to enhance the energy se..

Recent truck fires on A19 near Güstrow and A7 near Bad Hersfeld led to full road closures towards Berlin and Kirschheim respectively. The incidents resulted in significant damage, with no reported injuries. In Güstrow, a burst tire sparked the fire, complicating extinguishing efforts due to the load of insulation panels. Meanwhile, repair works on the A38 at Weißenfels are ongoing after a truck carrying gas cylinders caught fire, melting the asphalt. In Elmshorn, an electric bus fire disrupted..

In response to safety concerns, Madrid is banning e-scooter rentals by Lime, Dott, and Tier Mobility from October. Mayor Martínez-Almeida criticizes the lack of accident insurance, highlighting pedestrian safety as a priority. The decision follows other cities like Paris in banning e-scooters due to high accident rates and misuse. Proponents see e-scooters as a practical solution for short distances, but Madrid aims to address the risks posed by alcohol-related accidents and ensure pedestrian..

US stock markets faced a downturn fueled by concerns over a weakening economy, with job openings hitting a three-year low in July. The data, alongside disappointing manufacturing figures, heightened worries of a potential recession, prompting a drop in benchmark indexes and bond yields. Traders are on edge, anticipating aggressive rate cuts by the Fed. The market saw mixed results as the Dow fell while the Nasdaq rose amid soft labor data and growing fears. Analysts caution against a larger rate..

Three leading economic research institutes have significantly lowered their forecasts for German economic growth, citing structural problems such as climate change, energy prices, digitalization, demographics, competition from China, high corporate taxes, and bureaucratic burdens. The industry and construction sectors are shrinking, investments and exports are stagnant, and inflation is decreasing without leading to increased consumption. While there are some bright spots in the retail and con..

Putin reaffirms gas deliveries through Ukraine, criticizes closure of pipelines, and negotiations with China stall. Gazprom faces massive losses. The West still relies on Russian gas, impacting prices and causing strain in Germany and Italy. Arctic LNG 2 faces sanctions and shipping issues.

BMW is revolutionizing its engine factory by initiating pre-production of electric car engines set for series production by autumn 2025. Collaborating with Toyota, BMW aims to introduce the first hydrogen-powered premium vehicle by 2028, focusing on driving pleasure and sustainable technology. The partnership intensifies to reduce costs and expand hydrogen vehicle infrastructure, targeting not just passenger cars but also commercial vehicles. The shift to a three-shift operation in Leipzig aims..

Stock markets witness mixed results as S&P 500, Nasdaq slip, with Nvidia facing a significant loss. Sluggish job market data fuels rate cut speculations. AI sector sees setbacks, with C3.ai and HPE experiencing declines. Concerns over economic growth and potential rate cuts dominate market sentiment. August jobs report eagerly awaited. Market cautious ahead of Fed's decision. Intel and Dell face challenges while Nvidia grapples with an antitrust probe. Investors navigate turbulent waters amidst..

In Germany, damages caused by cyber attacks increased by 50% in 2022, reaching 180 million euros. There were a total of 4,000 reported attacks, a 19% increase from the previous year. The average cyber damage was 45,370 euros, 8% higher than the previous year. Additionally, more than two-thirds of surveyed companies did not meet basic IT security requirements. Meanwhile, organized crime in Germany reached a new high, causing record damages of 2.7 billion euros in 2023. Cybercrime, tax and customs..

Bitcoin retraced below $57,000 after a brief rally, signaling a 'sell-on-rise' sentiment amid a sluggish crypto market. With concerns over a U.S. recession and decreased risk appetite, Bitcoin's peak above $65,000 in August dwindled. Concurrently, Blockstream Mining announced a third investment round for its tokenized note. Meanwhile, Bitcoin exchange reserves hit a 2018 low as investors move towards self-custody options. Transaction volumes dropped by 30% in six months due to stagnant prices,..

Recent developments in road projects and bicycle lane bollards have sparked controversy and criticism. In Schöneweide, the district office defends the planning of the bicycle traffic facility, despite receiving criticism. However, the expansion of the bollards is being considered. In Lichtenberg, construction has started on a controversial protected bike lane, aiming to improve traffic safety. However, the project has faced opposition from residents and businesses. In Altenburg, traffic lights..

The A38 motorway will be closed until Monday after a truck caused a fire near Weißenfels. The Saale bridge will reopen on Monday afternoon, requiring complete carriageway renewal. Another disruption occurs at Kreuz Kaiserberg, causing traffic jams and reroutes till 20.9. The Semmering Schnellstraße faces delays due to a truck fire, while the A19 towards Berlin is closed due to a similar incident. Additionally, the A14 towards Dresden is blocked following a truck fire. At Bleilochtalsperre, pol..

Nvidia's stock plummeted by 14% despite positive numbers, reflecting a broader downturn in US exchanges. Analysts attribute the drop to concerns over slowing revenue growth and a potential overvaluation of AI stocks. The semiconductor industry, including Nvidia, faces pressure amidst antitrust probes and production challenges. However, long-term prospects remain positive, driven by the shift towards AI-enabled devices and data centers. Amid fears of a US recession and global market instability,..

New orders for the German industry have unexpectedly increased further, driven by major orders and the automotive industry. The revision of previous month's figures shows a stronger increase, signaling a positive development after a continuous decline. The figures from the Federal Statistical Office have exceeded analysts' expectations. In the three-month comparison, there has been a positive growth. Despite the stabilization, important sentiment indicators have dimmed, suggesting a cautious o..