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German exports decreased by 0.8 percent in July, marking the first decline in five months and exceeding analyst expectations. This drop is attributed to reduced demand from China and the Eurozone.
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Qatar and the UAE are using ship-to-ship transfers to maintain LNG exports despite the Strait of Hormuz blockade. These emergency measures increase the cost of each shipment by over $1 million and extend travel time by up to 35 hours.
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Sweden is acquiring ten HIMARS missile artillery systems from Lockheed Martin for approximately €630 million, with deliveries expected to begin in 2027. Sweden has also agreed with Finland to jointly use and further develop the missile artillery.
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Berlin is relying on the ÖGDigital platform as part of a state cooperation for the digitization of the Public Health Service (ÖGD). Cologne, however, is choosing an open-source approach and adopting the GA-Lotse software from Frankfurt.
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US President Donald Trump is threatening Canadian aircraft manufacturer Bombardier with a sales ban in the US if the company does not establish production facilities there. This measure is part of an escalating trade dispute between the US and Canada, which has led to mutual punitive tariffs.
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A new forum in Jerusalem, "Within Your Gates," aims to foster understanding of different narratives and conflicts surrounding the city by bringing together experts from various disciplines and religions. The goal is to contribute to peace in the Middle East through improved situational understanding.
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Russia has resumed attacks on the Ukrainian capital Kyiv, killing at least two people and injuring seven. Britain is providing Ukraine with a £100 million air defense package for the winter.
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As President of the UN General Assembly, Annalena Baerbock advocated for reforms, including a more transparent election of the Secretary-General. Russia and the USA criticized this, accusing her of overstepping her authority. Baerbock will become a professor at Columbia University after her term.
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Following the AfD's victory in Saxony-Anhalt, pressure on Chancellor Merz is mounting. Ukraine is seeking war funding, and the EU condemned the military funeral for convicted war criminal Ratko Mladić in Serbia.
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High oil prices, driven by geopolitical tensions and Middle East attacks, are burdening global stock markets and German industry. Analysts foresee oil prices potentially reaching $120 per barrel by 2027, intensifying inflation and interest rate concerns.
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