To ease the burden on consumers, DIW head Marcel Fratzscher proposes selling part of Germany's gold reserves — currently worth around €440 billion.
South Korea plans to use record-breaking tax income from its chip industry, driven by AI demand, to fund a "future response fund." Proceeds will support industrial infrastructure, young generations, and utilities for chip plants, reflecting strong profits from Samsung Electronics and SK hynix.
EasyJet shares surged over 10% after the British airline announced an agreement in principle with US investment firm Castlelake on key financial terms for a potential takeover valued at over £5 billion. Castlelake's latest offer is £6.90 per share, though a binding offer has not yet been made.
The EBRD is providing a €255 million loan to Kazakhstan for its first large-scale refractory gold ore processing facility in the Pavlodar region. Developed by Solidcore Resources, the Ertis complex will process previously inaccessible gold reserves, boosting the country's mining sector and mineral processing capabilities.
MEP Bernd Lange doubts the EU's October deadline for "tangible results" with China is realistic for a binding trade agreement. The EU faces a large trade deficit and seeks to rebalance trade, while China threatens retaliation against protectionist measures.
Hundreds queued and scuffles broke out at Lidl stores across France on Thursday during a sale of discounted fans and air conditioners. Police intervened at several locations as demand surged due to an upcoming heatwave.
Rodolphe Saadé, troisième armateur mondial, inaugure le Notre-Dame, le plus gros porte-conteneurs de sa flotte. Parallèlement, il étend son empire médiatique et reçoit la Légion d'honneur des mains d'Emmanuel Macron, soulignant leur complicité.
