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The 1997 Kyoto Protocol set concrete emission reduction targets for industrialized nations. Its development failed in 2001 when the US under George W. Bush rejected implementation, and negotiations inadequately addressed the role of the Global South and climate protection financing.
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Deka Chief Economist Kater views rising government bond yields as a warning signal for fiscal policy. However, he does not expect a global financial crisis, as established currencies offer repayment options.
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Several EU states are pushing to use frozen Russian assets totaling 210 billion euros for Ukraine. Belgium, currently holding these funds, fears lawsuits and risks. A new proposal suggests transferring the assets to an EU-owned custodian to minimize Belgium's liability.
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The Panama Canal Authority is reducing the number of daily allowed ships due to low water levels caused by El Niño and a severe drought in Central America. Five percent of global maritime trade passes through the Panama Canal.
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The German federal government plans to abolish penalty-free early retirement for those with long insurance records, facing opposition from eight state premiers. The measure costs the pension insurance around 400 million euros annually, with savings only materializing after five years due to transition periods.
Welfare & PovertyClimate ChangeNature & Species Conservation
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Following a severe Himalayan flood disaster with over 1,000 deaths, Nepal is demanding international support for reconstruction. The country, responsible for only a fraction of global CO2 emissions, is suffering greatly from climate change impacts, with damages amounting to $2.5 billion.
Companies & MarketsFinance & Stock MarketIT & Internet
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AI company Anthropic has postponed its planned IPO, which aims for a valuation of up to two trillion dollars, to mid-October. The prospectus was originally scheduled for release next week.
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Annette Deutskens (NDR) and Markus Gürne (HR) discuss the future of Volkswagen. The discussion also covers the stock market's reactions to these developments.
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Germany's economy grew by 0.3 percent in the second quarter of 2026, exceeding expectations. Forecasts for the full year 2026 have been raised to 1.3 percent or higher.
Political PartiesCompanies & MarketsClimate Change
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Experts predict an AfD government in Saxony-Anhalt would cause a loss of prosperity between 1.8 and 3.2 billion euros and worsen labor shortages. The party plans to move away from renewables towards coal and nuclear power and rejects climate protection.
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