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Germany's AAA credit rating is under pressure due to rising government debt. Bundesbank President Nagel warns of a challenge for the government to maintain this status. Interest rates on federal bonds have increased, and experts see the rating endangered by defense spending.
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Electric cars in Europe are a third cheaper to operate than combustion engine vehicles, according to a study by the International Council on Clean Transportation (ICCT). This is due to falling battery costs and rising fuel prices, which increased operating costs for combustion engines by 12 to 36 percent.
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Building with wood could lead to more affordable housing in Europe, with wooden houses costing up to 25 percent less than traditional buildings. The wood construction industry is growing globally and in Europe by an average of 10 percent annually.
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China is providing 46.1 billion Euros to state banks and insurers to strengthen their balance sheets. The funds aim to improve lending capacity and the ability to support the economy.
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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.
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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.
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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Turkey plans to privatize the two Bosphorus bridges and eight highways for 30 years, with ownership remaining with the state. The awarding of operating rights is expected to be completed by the end of 2031.
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US national debt has surpassed 40 trillion dollars, with interest payments now exceeding defense spending. Economists warn this comes at the expense of future investments, though an immediate default is unlikely.
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Deka Chief Economist Kater views rising government bond yields as a warning signal for fiscal policy. However, he does not expect a global financial crisis, as established currencies offer repayment options.
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