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The DAX began weakly, weighed down by concerns over the outcome of the state election in Saxony-Anhalt and rising oil prices. German production fell in July, while the ECB anticipates an interest rate hike.
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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
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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.
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The convicted war criminal Ratko Mladić is to be buried in Belgrade with state honors. EU Enlargement Commissioner Dubravka Šuica subsequently canceled a planned trip to Serbia.
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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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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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The EU plans a massive investment offensive in Greenland to strengthen Arctic security. €530 million will be provided for the 2028-2034 budget period, with an additional €200 million announced.
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