Illustration of a heatwave in Europe driving up electricity prices to record highs.
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Electricity prices in Europe surge due to heatwave

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The ongoing heatwave is driving electricity prices in Europe to unusual highs. On Wednesday evening, power was traded for nearly 750 euros per megawatt hour.

Entrepreneur Martin Herrenknecht has threatened to relocate parts of his company amid a dispute over traffic calming measures in Schwanau. The 83-year-old criticized the placement of flower pots in front of his factory premises.

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The Defense Ministry draws a positive balance five months after the launch of the new voluntary military service. Around 298,200 letters were sent by mid-June 2026.

Chancellor Friedrich Merz and Labor Minister Bärbel Bas announced Tuesday morning that all 33 recommendations of the pension commission will be fully implemented. The package is to be turned into law quickly.

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Alice Weidel held the Berlin AfD election campaign kickoff in an oriental wedding hall in Neukölln and called for deportations.

A survey by Appinio for Indeed shows that two thirds of employees in Germany are considering a job abroad.

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Germany's financial regulator BaFin has taken action against the Deutsche Finance Group. Around 50,000 private investors are affected by the measures. The authority is demanding information and documents on closed public funds.

 

 

 

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