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Economy

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Economy

Companies & Markets

Unicredit buys many shares of Commerzbank

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The Italian bank Unicredit now owns nearly 40 percent of Commerzbank. The Unicredit boss wants the whole bank. Commerzbank is against this plan.

Economy

Consumer & Retail

Cancelling online contracts more easily

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New rules make cancelling online purchases easier. From June 2026, shops must show a special cancel button on their websites.

Economy

Companies & Markets

Cuba plans big changes for the economy

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Cuba changes its economic rules. There will be more private firms and money from other countries. The reason is a hard time for the country and its people.

Economy

International Trade

First ships sail through the Strait of Hormuz

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The USA and Iran made a deal. Now ships sail through the Strait of Hormuz again. Many ships carry oil and gas.

Economy

Energy & Commodities

Switzerland allows new nuclear power plants

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The parliament in Switzerland wants to allow new nuclear power plants. This shall keep the power supply safe. The people will likely vote on this soon.

Economy

Companies & Markets

Volkswagen plans to cut many jobs

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The boss of Volkswagen defends his plan to save money. The car company wants to cut many jobs by the year 2030. The reason is low profit and trouble in China.

Economy

Companies & Markets

Singapore is the new leader in economic strength

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A new study shows the strength of countries for business. Singapore is now number 1. Germany, Austria and Switzerland lose places in the ranking.

Economy

Consumer & Retail

Sun protection for kids in a test

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Experts tested sun creams and clothes for kids. Many products do not protect well. Some products contain poison.

Economy

Companies & Markets

Apple plans higher prices

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Apple leader Tim Cook announces more expensive products. High costs for memory chips cause this. This is due to the boom in artificial intelligence.

Economy

Companies & Markets

Fewer company failures in Austria

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In the first half of 2026, there were fewer company failures in Austria. However, the situation remains difficult in retail and construction.

Economy

Companies & Markets

ZDF changes show because of Elon Musk

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The TV station ZDF deleted parts of a show. The rich businessman Elon Musk complained. This is about reports on violence in the city Belfast.

Economy

Companies & Markets

Big car makers are in trouble

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The German car makers VW and BMW have big problems. Managers at VW fear for the future. BMW expects much less money. Both companies now try to save money.