Iran Declares Strait of Hormuz Closed After Attack on Merchant Ship; U.S. Launches Strikes on Iranian Targets Iran says Strait of Hormuz closed until U.S. ends interference; CENTCOM reports GFS …
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Business
DAX hits record 25,827 but gains mask deeper market fragility
by Leo MĂĽllerby Leo MĂĽllerDax record at 25,827 points masks uneven market strength Dax record at 25,827 on July 5, 2026 masks uneven gains as AI momentum stalls and government reform promises temper investor …
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Dax record: German benchmark climbs to 25,517 points as markets rally on US jobs slowdown and falling oil Dax record at 25,517 points as German benchmark jumps 1.9% after US …
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World
Iran inflation hits 88.6% in June as war-linked food prices double
by anna walterby anna walterIran inflation surges to 88.6% in June as food costs more than double Iran inflation spikes to 88.6% year-on-year in June, with food prices more than doubling and staples like …
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Politics
German heatwave hits 41.5°C, forces motorway closures and demands nursing home heat protections
by Hans Ottoby Hans OttoHeatwave in Germany Breaks Record as Highways Buckle, Care Homes and Fire Services Strain Heatwave in Germany: DWD records 41.5°C in Drewitz, prompting road closures, calls for better protection in …
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World
Russian strikes kill two across Ukraine as Kyiv hits Russian industrial sites
by anna walterby anna walterRussian attacks on Ukraine kill two as Kyiv strikes back at Russian targets Russian attacks on Ukraine killed two people and wounded more than 20, while Kyiv’s retaliatory strikes inside …
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Business
Renewable energy employment hits record 436,000 in 2025, study warns
by Leo MĂĽllerby Leo MĂĽllerRenewable energy jobs in Germany hit record 436,000 in 2025 amid policy uncertainty Germany’s renewable energy jobs surged to a new high in 2025, with about 436,000 people employed in …
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Business
German industry employment hits ten-year low as firms delay hiring
by Leo MĂĽllerby Leo MĂĽllerIndustrial employment in Germany drops to decade low of 6.6 million, study finds Study: industrial employment in Germany falls to 6.6 million and 19% share. Hiring has slowed since 2019, …
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Politics
Drone swarm hits Moscow Kapotnja refinery, mayor says plant damaged
by Hans Ottoby Hans OttoDrone attack on Moscow refinery: Mayor reports 60 drones intercepted after footage showed strike at Kapotnya Drone attack on Moscow refinery: Mayor Sergei Sobyanin reported 60 drones downed as footage …
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Business
Electric car subsidy hits more than 50,000 applications from lower-income households
by Leo MĂĽllerby Leo MĂĽllerElectric Car Subsidy Sparks Over 50,000 Applications in Germany Germany’s electric car subsidy drew more than 50,000 applications by June 12, 2026, and Minister Carsten Schneider says it is reaching …