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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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Isar Aerospace plans a new launch attempt with its Spectrum rocket after the first attempt failed last year after 30 seconds. The company states it has already secured orders worth several hundred million dollars until 2028.
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The US is exerting economic pressure on Iran to force a peace agreement. China is resisting sanctions, India is balancing between the US and Iran, while the United Arab Emirates has halted trade with Iran.
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High fuel prices in Europe are due to tight refinery capacities, disrupted trade routes, and a general diesel shortage, despite moderate crude oil prices. Refinery margins are high as demand for finished products exceeds supply.
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International far-right figures met in Chile at the Foro Madrid, organized by Fundación Disenso. Argentina's President Javier Milei spoke of a "global battle between good and evil" and justified Augusto Pinochet's military coup. Support for Chilean politician José Antonio Kast has reportedly fallen to 34 percent.
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Argentina's President Javier Milei reaffirmed his country's claim to the Falkland Islands, questioning the islanders' right to self-determination. This comes amid potential shifts in US foreign policy under Donald Trump regarding the sovereignty issue.
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Global food prices rose 1.9 percent in August compared to July, reaching their highest point since late 2022. Extreme weather and military conflicts are causing supply shortages. The FAO lowered its global grain production forecast by two percent.
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NASA's New Horizons probe risks the shutdown of two instruments due to $4 million in promised funding not being paid. These funds are designated for data analysis by employees.
Global EconomyClimate ChangeWeather & Natural Disasters
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The World Meteorological Organization (WMO) warns that the El Niño weather phenomenon is almost certain to occur by February. WMO Secretary-General Celeste Saulo calls for exceptional preparedness and response measures, as the event could significantly impact societies and economies globally.
Global EconomyClimate ChangeWeather & Natural Disasters
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The World Meteorological Organization (WMO) warns that the El Niño weather phenomenon is highly likely to continue until February 2027, potentially causing significant global economic impacts. Global warming is intensifying El Niño and its extreme weather consequences.
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