Published on 27/07/2026 – 13:20 GMT+2 The parent company behind the renowned Varta household battery brand said on Friday that it had applied to the Stuttgart Local Court to open insolvency proceedings under self-administration. ADVERTISEMENT ADVERTISEMENT The German battery maker, based in Ellwangen, said the filing was prompted by a structural funding gap expected from 2027, rather than an immediate inability to meet its payment obligations. The company cited significantly worsening market conditions, weaker demand, adverse exchange-rate movements and, most recently, “the decision of a key customer to terminate the partnership” as factors affecting its operations. According to Reuters and…

Xai-Xai, Mozambique – Months after floodwaters tore through his neighbourhood, Joacim Pinto still walks past the empty plots where his crops once grew.The ground that once gave his family food and income now stands as a reminder of what was lost. His livestock disappeared, and the gardens that provided food…

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