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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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77 organizations are demanding protection for children from the consequences of climate change and their participation in climate policy. They point to increased health risks for children and call for compliance with existing laws and financial resources for climate adaptation measures at the municipal level.
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Following the election results in Saxony-Anhalt, business associations are urging the federal government to implement economic reforms. They emphasize the need for a clear course to strengthen Germany's competitiveness and warn against political stagnation and negative consequences for the business location.
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Heatwaves and fires are worsening air pollution, according to a report by the World Meteorological Organization. Fine dust from wildfires is more problematic than from other sources and can increase health risks. Rising temperatures also promote the formation of ground-level ozone, which damages respiratory systems and ecosystems.
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The World Meteorological Organization (WMO) states that forest and bush fires increase exposure to toxic fine dust and ground-level ozone, causing health damage even far from the fire sites. The number of fires with heavy smoke has tripled globally since the 1990s.
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US President Donald Trump proposed renaming the state of New Mexico to "New America" on his platform Truth Social. Governor Michelle Lujan Grisham rejected the proposal, calling it a distraction.
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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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Following the state election in Saxony-Anhalt, leading CDU politicians have ruled out a debate about party leader Friedrich Merz. They instead call for an acceleration of the federal government's reform course. SPD politicians criticized the course and Merz's rhetoric.
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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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