Economy
German army activates air-defence system, citing Russia threat
Germany's military put a first Iris-T air-defence system into service on its own soil Wednesday having delivered several of them to war-torn Ukraine to intercept Russian rockets, drones and missiles. Scholz said that "in Ukraine, Iris-T has shot down over 250 rockets, drones and cruise missiles to date and saved countless lives".
X vows to end harvesting of EU users' personal data to train its AI
Social network X has committed to stop its much-criticised harvesting of European users' personal data to train its artificial intelligence program, Ireland's Data Protection Commission (DPC) said Wednesday.
US trade deficit widest in two years on imports surge
The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports. - China trade - In July, the US goods deficit with China increased by $4.9 billion to $27.2 billion, as exports fell and imports picked up.
Gap between official, black markets widens as naira depreciation begins amid FX turnover decline
The Nigerian currency, the naira, is experiencing another round of depreciation following the fall in dollar supply in the official and parallel markets.
Ex-VW boss tells trial 'dieselgate' charges are 'implausible'
Former Volkswagen CEO Martin Winterkorn said Wednesday the charges against him were "implausible" as he testified at his trial over the "dieselgate" scandal that rocked the German auto titan. Winterkorn was CEO of Volkswagen -- whose brands range from Porsche and Audi to Seat and Skoda -- from 2007 until 2015, and resigned shortly after the scandal began.
Grenfell inferno 'culmination of decades of failure': UK inquiry
The UK's Grenfell Tower fire disaster that killed 72 people was the result of "decades of failure" by government and construction industry bodies and the "systematic dishonesty" of building material firms, a final report said Wednesday.
German car sales plunge in August as EV slump worsens
Sales of new cars plummeted in Germany in August, official data showed Wednesday, dragged down by a record fall in demand for electric vehicles in Europe's biggest auto market. The fall was led by a "historic decline" in sales of in battery-powered electric vehicles (EVs), the VDIK car importers' federation said, which plunged by 68.8 percent to just over 27,000 units.
Cathay flights to resume fully by Saturday after A350 repairs
Cathay Pacific said it will resume full operations by Saturday after replacing defective engine fuel lines on its Airbus A350 planes, a problem that had forced it to cancel dozens of flights this week. "Fifteen aircraft were identified with engine fuel lines that require replacement.
Hungry times for Istanbul's street food sellers
The enticing smell of grilled corn and chestnuts wafted from Hakan Deniz's red and gold food cart near a mosque in Istanbul's old city. "Our tomorrows are uncertain," said Deniz, 18, after pushing his cart past the Rustem Pasha mosque.
Economy
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