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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.
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Agriculture Minister Alois Rainer plans to increase agricultural subsidies while the federal government intends to save on housing benefits. Farmers are to receive 60 million euros without application, in addition to interest-subsidized loans and tax privileges. The grain harvest is average for the years 2020 to 2025.
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The AfD leads in polls for the Saxony-Anhalt state election with 42 percent, while the CDU is at 22 percent. Key issues are integration, education, and the economy. Satisfaction with the state government is low, and many perceive the AfD as more capable of solving problems.
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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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Hungarian universities are once again permitted to participate in the Erasmus programme following a decision by the EU Commission. This is part of a package of measures aimed at combating corruption and releasing EU funds, which also includes the dissolution of foundations and the return of universities to state control.
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Portugal is negotiating with Air France-KLM and Lufthansa regarding the sale of up to 49.9 percent of the airline TAP. Both bidders have submitted binding offers that are close to each other, according to the government.
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A musician sang of an "Intifada like the PFLP," an organization linked to suicide bombings with explosives and nails, and hijackings. The PFLP was also involved in the October 7, 2023 attacks.
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A Russian drone struck the headquarters of the Ukrainian Security Service (SBU) in Kyiv, injuring at least five people. Ukrainian President Volodymyr Zelenskyy ordered a response to the attack.
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The Volkswagen supervisory board approved a restructuring plan involving 50,000 job cuts globally and a reduction in models. Several state premiers are advocating for the preservation of their VW plants, which are considered uncompetitive and may explore alternative uses.
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