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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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Mustafa Groener of the Left Party won a direct mandate in Magdeburg, calling it a "red lighthouse." He criticized the CDU's policies, which he believes contributed to the AfD's success.
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China's exports increased by 25 percent in August compared to the previous year, driven by strong demand for cars and high-tech products. The trade surplus rose to 119.1 billion US dollars.
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Two-thirds of Germans are looking worriedly at the election results in Saxony-Anhalt. Almost half of those surveyed believe AfD top candidate Ulrich Siegmund should be elected Minister-President. Three-quarters believe a critical stance towards the federal government's social reforms is deserved.
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Goldman Sachs experts anticipate oil prices could rise to $120 per barrel. This forecast is due to the tense situation in the Strait of Hormuz, which has reduced shipping traffic to its lowest point since May.
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The article discusses the federal political debate surrounding the results of the state election in Saxony-Anhalt. It examines how this election outcome is being processed at the federal level.
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The CDU in Saxony-Anhalt will re-elect its state board following a historic election defeat. The positions will be filled at a special party conference in November or December. State chairman Sven Schulze will not run again.