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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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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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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.
Radicalism & State SecurityPolice & InvestigationsPollution
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Further explosive devices, allegedly intended to target the power supply, have been discovered in Saxony. A suspect is on the run after explosives were found in his apartment. The acts, aimed against electricity generation from fossil fuels, are concentrated in Saxony, North Rhine-Westphalia, and Brandenburg.
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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.
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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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Between 402 and 433 million farmers worldwide suffer from acute pesticide poisoning each year. Global pesticide consumption has doubled since 1990, reaching 3.8 million tons in 2023.
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