AI-generated summary
The G7 countries are reacting to the tense situation on the global energy market.
The G7 intervenes in the oil market. The seven leading Western industrialized countries agreed to release up to 100 million barrels of diesel and crude oil.
French President Emmanuel Macron announced the move. The release is expected to take place in the next four months. The G7 is thus reacting together to the situation on the energy market.

In the dispute over savings plans at Volkswagen, the conflict between management and employees is escalating. The works council and IG Metall accuse CEO Oliver Blume of fueling a jealous debate with false information about vacation days and collective agreements.

Paramount completes $110 billion acquisition of Warner Brothers. The merged group will in future operate under the name Skydance, named after Paramount boss David Ellison's production company.

The department store group Galeria filed for bankruptcy again at the Düsseldorf district court on October 2nd. For the approximately 12,000 employees in 83 branches, fears about the professional future of the traditional company begin once again.

The federal government is planning to re-privatize the gas importer Sefe. The Ministry of Economic Affairs is currently looking for legal advisors, while investment banks are applying for mandates from KfW. The company was nationalized after the Russian invasion of Ukraine.

The US stock markets react positively to the September labor market report. Despite weak employment numbers, the Dow Jones, S&P 500 and Nasdaq are rising as investors hope for looser interest rate policy from the Federal Reserve. The Nasdaq 100 reached a new record high.

The G7 countries plan to release up to 100 million barrels of oil and diesel from emergency reserves. The measure is intended to curb the rise in fuel prices caused by the Iran war and comes after pressure from the US government before the congressional elections.