The Eurozone economy grew by 0.6 percent in the second quarter of this year, exceeding initial estimates of 0.4 percent. These updated figures were released by the statistical office Eurostat.
Volkswagen has agreed to sell its manufacturing plant in Osnabrück to the Israeli investment firm Aurelius Capital and the German state of Lower Saxony. The new owners plan to repurpose the facility for the production of defense equipment.
A former executive of the Belgian chip manufacturer Belgan has been detained on suspicion of espionage. He is accused of leaking trade secrets to a Chinese company where he was also employed.
Rising national debt levels and persistent inflation are driving up interest rates as investors demand higher risk premiums on bonds. This trend, exacerbated by heavy investment in artificial intelligence, is expected to lead to increased costs for consumer mortgages and business loans.
France's wine production is expected to reach one of its lowest levels in thirty years due to extreme heat and drought. The French Ministry of Agriculture reported that these challenging weather conditions have significantly reduced this year's grape harvest.
Dutch company PAL-V has received approval from the European Union Aviation Safety Agency (EASA) to begin production of its flying car. The company aims to have the vehicle fully certified and operational for flight by 2028.
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