Daily brief
Germany faces a projected €52 billion tax hole as the Iran conflict impacts its economy, while industrialist Reinhold Würth warns of a 'deindustrialisation spiral' and the end of Germany's golden years. Volkswagen is reportedly considering a shift to arms production, and Chinese EV maker Leapmotor expands in Germany with a low-cost offer. German minister warns Donald Trump's 'irresponsible war' is slowing economic momentum.
Siemens Healthineers lowers its forecast due to its diagnostics division.
Volkswagen factories face cost pressure, while Porsche is spared for now.
Frankfurt Airport redistributes flight takeoffs to reduce noise.
The tunnel linking Denmark and Germany sees its first element placed on the seabed.