A major German city at the heart of finance, transport and culture
Prosecutors in Berlin have charged a 68‑year‑old man with 22 counts of aggravated rape involving 14 women, part of a wider probe into an online network that prosecutors say enabled drug‑facilitated sexual assaults. Investigations trace the crimes to chats and online forums with suspected involvement of dozens of people across countries. Authorities say the scale is likely under‑detected.
Ukraine's prosecutor general has released restored surveillance footage of a June 29 parcel bombing in Monaco that wounded tycoon Vadym Yermolaiev, his partner and their teenage son. Investigators have traced transfers of cash and cryptocurrency linking a suspected bomber, Anastasiia Berezovska, to two detained men in Ukraine; Berezovska was later found shot dead near Kyiv.
European regulators are preparing a package to deregulate and potentially cut capital backstops for banks, aiming to create pan-European lenders capable of competing with U.S. giants. The plan includes cutting Pillar 2 leverage add-ons, reducing capital buffers, easing reporting, and outlining a common deposit-insurance framework. The move follows similar U.S. and U.K. deregulation signals and is seen as a test of Europe’s capacity to finance large-scale strategic investments.
Major European rivers are facing prolonged low water levels amid heatwaves. Danube and Rhine routes have reduced traffic and higher costs, with officials warning levels may rise next week as rain returns in parts of the region.
Brent crude has fallen about 8–9% to below $88–$92 a barrel after prices briefly topped $100 last week. The drop follows pauses in US–Iran strikes and reports that both sides have halted attacks to allow diplomacy. Markets remain volatile because shipping through the Strait of Hormuz and the Red Sea is still disrupted and analysts warn supply risks and inflationary pressure persist.
Six Frankfurt Airport employees have contracted malaria since early July; two have died and four are recovering in hospital. Officials have placed mosquito traps and sent captured insects to Antwerp for genetic testing. Authorities say the infections have been linked to Anopheles mosquitoes likely transported on aircraft; they say the public risk is low.
Eight teams face an extensive Europa and Conference League schedule as the new season begins, with Bournemouth and Sunderland among the highlights, including ties against Milan and Real Sociedad and a return to European competition for Palace and Celtic.
Nine EU states have asked for more time to implement the Entry/Exit System (EES) checks, citing technical issues and the need to avoid travel chaos. While the scheme has registered around 200 million entries and stopped tens of thousands, several major hubs and ports are not fully compliant. Brussels is providing support and considering a continued operational adjustment period, with broader enforcement postponed.
The Alternative for Germany (AfD) has won roughly 44% of the vote in Saxony‑Anhalt, taking 39 of 83 seats and falling three short of an outright majority. Chancellor Friedrich Merz has condemned the result, calling the party's "remigration" plans ethnic cleansing, while international figures including Donald Trump and Elon Musk have praised the AfD's performance.
Recent attacks in the Hormuz Strait have escalated, with Iran claiming to have hit ships, Saudi Arabia reporting air alerts, and Brent crude rising above $100. The conflict touches global energy markets as the US, Iran, and regional players remain locked in a dangerous exchange.
Global central banks have tightened policy in response to a surge in energy prices and sticky inflation. The US Federal Reserve has raised its policy rate to 3.75–4.00% and signalled further hikes; the ECB has lifted its key rate to 2.50%; the Bank of England has held at 3.75% but warned higher energy costs will force future rises. Markets are repricing yields and mortgage costs are rising.
Prime Minister Ulf Kristersson has resigned after preliminary results showed the centre-left bloc led by Magdalena Andersson winning 176 of 349 seats, against 173 for Kristersson's right‑wing bloc. The Sweden Democrats lost support for the first time since 2010. Andersson is beginning talks with centre-left partners to try to form a government as final counts are completed.
Investors are recalibrating as AI executives urge caution on frontier development, sparking wide stock swings. A mix of weaker chip profits, higher oil prices and looming rate hikes are shaping a safer, slower AI era, while the potential IPOs and data-centre demand face renewed scrutiny.