TL;DR
AI-generated
Russians are spending more on food as non-food expenditures decrease. This trend is evident in rising food spending shares at shopping centers and among city dwellers, while demand in areas like beauty, health, and electronics is declining.
TL;DR
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Heatwaves and wildfires are worsening air pollution from fine dust and ground-level ozone, threatening human health and ecosystems. The World Meteorological Organization (WMO) warns that wildfire smoke could underestimate mortality from PM2.5 particles by up to 93 percent, and extreme events have tripled.
Global EconomyClimate ChangeWeather & Natural Disasters
TL;DR
AI-generated
The World Meteorological Organization (WMO) predicts with almost 100% certainty that El Niño will continue until February 2027. This weather phenomenon, which raises global temperatures, could intensify further and have far-reaching climatic impacts until 2027, including droughts and floods.
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Turkey has raised its inflation forecast for the end of the year to 28.4%. The Middle East war is cited as the main reason for the adjustment, with estimated impacts of around seven percentage points on inflation.
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District cooling systems in Gulf states use half the electricity of conventional methods and are intended to be lower in CO2. The global market for district cooling is projected to grow to $60 billion annually by 2034.
Companies & MarketsFinance & Stock MarketLaws & Rights
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Two luxury apartments in London, allegedly owned by Mojtaba Khamenei through a straw man, are being auctioned due to missed mortgage payments. The straw man, Ali Ansari, was sanctioned for misusing Iranian public funds and financing the Iranian Revolutionary Guard.
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A study by TU Munich shows electric cars cause 41 percent less CO2 over their entire lifecycle than gasoline and diesel cars. Despite this, CSU leader Markus Söder is calling for an end to the EU's combustion engine phase-out.
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Warsaw is investing millions to transform concrete areas into green oases with trees and water features. The goal is to reduce CO₂ emissions by 2030 and achieve climate neutrality by 2050.
Research & DiscoveriesClimate ChangeWeather & Natural Disasters
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AI-generated
The Mediterranean Sea reached an average temperature of 28.54°C on August 13, the highest value recorded since 1940. This confirms a summer of record temperatures both in the sea and on mainland Spain.
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AI-generated
Europe is experiencing increasing drought, exacerbated by fossil fuel use. Agriculture and power plant cooling are the largest water consumers. Expanding renewable energies and more efficient irrigation systems could achieve significant water savings.
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