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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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A ban on headscarves for girls under 14 has come into effect in Austria. The law was passed by parliament in December with a broad majority, though the Green party voted against it.
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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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The Social Association VdK warns of negative impacts on children with disabilities in Saxony-Anhalt following the AfD's election success. Planned measures such as ending school inclusion and reducing disabled parking spaces are criticized.
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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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North Rhine-Westphalia is launching a pilot project in three prisons to provide inmates with internet access. Usage will be supervised with restricted access to selected sites to facilitate contact with the outside world and prepare for release.
Global EconomyClimate ChangeWeather & Natural Disasters
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The World Meteorological Organization (WMO) predicts with almost 100% certainty that El Niño will continue until February 2027. This weather phenomenon, which raises global temperatures, could intensify further and have far-reaching climatic impacts until 2027, including droughts and floods.
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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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The President of the Central Council of Jews, Schuster, stated he was "personally appalled" by the AfD's election success in Saxony-Anhalt. He fears a "radically changed education policy" detrimental to children and young people if the party takes over the state government.
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The EU plans a massive investment offensive in Greenland to strengthen Arctic security. €530 million will be provided for the 2028-2034 budget period, with an additional €200 million announced.
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