Meyer Burger to Delay Results as Two Units File for Insolvency
Efforts to keep the sites open during restructuring negotiations were unsuccessful, the Switzerland-listed company said in a statement on Saturday.
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Digital Trends
11 minutes ago
- Digital Trends
Real-time translation could be landing on your AirPods
What's happened? In a move straight out of Hitchhiker's Guide to the Galaxy, the latest iOS 26 beta suggests a real-time translation feature could be coming to your AirPods. First reported by 9to5Mac, the iOS 26 developer beta points to a new feature triggered by pressing both AirPods at once. The image shows words in English, Portuguese, French, and German. The feature is linked with the AirPods Pro (2nd Gen) and the AirPods (4th Gen). This is important because: Apple didn't mention a real-world translation tool during the WWDC 25 conference, but a Bloomberg report from earlier this year hinted that something similar could be in the works. Apple already offers a Live Translation feature for FaceTime, Messages, and Phone. The same functionality is available in devices from other brands like the Samsung Galaxy S24 series and later, as well as Meta Ray-Bans. A feature like this will likely run solely on the AirPods themselves, so it isn't clear what iPhones will support translation. It's likely it will be limited to the same devices that support Live Translation. Recommended Videos Why should I care? A real-world translation feature will make it possible to understand what someone says to you in a supported language, even if you don't speak it. If that person also has a device that offers translation features, your AirPods could function like the Babelfish technology, allowing you to hold a conversation in two different languages. Apple might be restricting the feature to the upcoming iPhone 17 lineup due to latency requirements. While Spanish isn't specifically listed in the preview, it is one of the languages supported by the Live Translate app (along with Korean, Italian, Chinese, and Japanese.)
Washington Post
12 minutes ago
- Washington Post
A driver faces up to $110,000 in fines for speeding on a Swiss street. But he can afford it
GENEVA — The driver was clocked going 27 kilometers per hour (17 mph) over the speed limit on a street in the Swiss city of Lausanne, and now he's facing up to 90,000 Swiss francs (over $110,000) in fines as a result. But he can afford it. Why the eye-popping penalty? Because the speedster, a repeat offender, is one of Switzerland's wealthiest people, and the Vaud canton, or region, serves up fines based on factors like income, fortune or general family financial situation. The Swiss are not alone. Germany, France, Austria and the Nordic countries all issue punishments based on a person's wealth. The recent fine isn't even a record in Switzerland. In 2010, a millionaire Ferrari driver got a ticket equal to about $290,000 for speeding in the eastern canton of St. Gallen. Back then, the Swiss safety group Road Cross said rich drivers had been lightly punished until voters approved penal law overhaul three years earlier that let judges hand down fines based on personal income and wealth for misdemeanors like speeding and drunk driving. Under today's rules, an indigent person might spend a night in jail instead of a fine, while the wealthiest in the rich Alpine country could be on the hook for tens of thousands. A court in the Swiss canton of Vaud recently ruled that the tycoon must pay 10,000 Swiss francs ($12,300) up front and could be forced to pay the rest — 80,000 more — if he's caught for a similar roadway infraction over the next three years. Switzerland's '24 Heures' newspaper first reported the case and said the man, who was not identified, was a French citizen listed by Swiss economic weekly Bilan among the 300 richest people in Switzerland — with a fortune in the hundreds of millions of dollars. The daily reported that an automated police radar photographed the offender driving at 77 kilometers per hour (48 mph) in a 50 kph (31 mph) zone on a Lausanne street. A quick-calculating prosecutor tallied the maximum fine the driver faced under the law, the report said. Vincent Derouand, a spokesperson for the Vaud public prosecutors office, said the defendant didn't contest the decision, which was handed down in June for the infraction nearly a year ago — in August 2024. The Vaud criminal code sets a maximum financial penalty based on the 'personal and economic situation of the offender at the time of the ruling' — notably taking into account issues like income, fortune, lifestyle and family financial needs. The newspaper reported that he had already been caught for a similar speeding infraction eight years ago, and also paid 10,000 Swiss francs in penalty and faced another 60,000 if another infraction had taken place within the following two years. In Switzerland, penalties for speeding can even catch up with the cops: One officer was fined for racing at nearly twice the speed limit through Geneva streets back in 2016 while chasing thieves who had blown up a bank teller machine.
Yahoo
30 minutes ago
- Yahoo
German economic sentiment tumbles as EU–US trade deal underwhelms
Germany's economic sentiment fell sharply in August, snapping a three-month recovery and casting renewed doubts over the country's growth outlook. The decline follows a controversial EU–US trade deal that has disappointed financial experts and left key industrial sectors exposed to steeper tariff burdens. The ZEW Indicator of Economic Sentiment dropped by 18 points to 34.7 in August, falling well short of expectations for a more modest retreat to 40. This reverses part of the strong recovery seen in July, when sentiment had climbed to its highest since February 2022. The gauge for current conditions also deteriorated, slipping to -68.6 from -59.5 a month earlier, missing forecasts of -60. The downturn reflects concerns over Germany's weak second-quarter performance and the perceived asymmetry of the newly signed transatlantic trade pact. 'Financial market experts are disappointed by the announced EU–US trade deal,' said ZEW president, professor Achim Wambach. 'In August 2025, the ZEW indicator experiences a substantial decline, also due to the poor performance of the German economy in the second quarter. The outlook has worsened in particular for the chemical and pharmaceutical industries. The mechanical engineering and metal sectors as well as the automotive industry are also severely affected.' Sentiment across the eurozone mirrored Germany's decline. The ZEW expectations index for the bloc dropped 11 points to 25.1, while the gauge of current conditions fell by 7 points to minus 31.2. Initial hopes of relative resilience in the eurozone have been tempered as economists revise down growth expectations for the second half of the year. Unequal trade deal weighs on sentiment On 27 July, just days before a 30% US tariff on EU goods was set to take effect, European Commission President Ursula von der Leyen and US President Donald Trump reached a last-minute agreement. The accord included a basic 15% tariff on EU exports, with steeper levies of 50% on steel, aluminium and copper. Aircraft and aircraft parts were exempted. As part of the deal, the EU also pledged to purchase $750 billion (€685 billion) in US energy exports over three years. The political optics were widely seen as favourable to Washington. Related Which European economy stands to suffer the most from US tariffs? Who got the best trade deal with the US - the EU or UK? 'A one-sided trade deal to reduce the US trade deficit with the EU,' remarked Oliver Rakau, chief Germany economist at Oxford Economics. "Politically, this agreement looks like a clear win for the US," he added. The deal 'is at the better end of the spectrum of what could realistically be achieved,' Isabelle Mateos y Lago, economist at BNP Paribas, noted. She highlighted that the effective tariff rate has been multiplied tenfold compared to the start of the year, though she sees the shock as manageable given exports to the US account for under 3% of EU GDP. Bill Diviney, economist at ABN Amro, described the agreement as a product of Europe's weak bargaining position, highlighting economic stagnation and rising inflation pressures. 'Berlin and France were unwilling to suffer economic pain to risk a better outcome,' he said. 'The EU remains dependent on the US for its security, both in terms of military support as for military imports and remains a net importer of energy,' he added. Markets cautious as US inflation data looms Market reaction to the ZEW release was muted. Germany's DAX index remained broadly steady at 24,050 points. The euro dipped slightly, down 0.1% to $1.1600. Investor focus now turns to the upcoming US inflation report for July, with the Consumer Price Index expected to have risen 2.9% year-on-year, up from 2.7% in June. Markets are watching closely for any signs that higher tariffs are beginning to filter through to consumer prices. Money markets continue to price in an 85% probability of a 25-basis-point rate cut by the Federal Reserve at its next meeting, as signs of cooling labour market strengthen the case for easing. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
