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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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Since 2022, 6,839 mobile phones have been confiscated in North Rhine-Westphalian prisons, with 1,011 devices seized this year alone. A significant number were found in open correctional facilities, such as Bielefeld-Senne prison, with 1,141 devices since 2022.
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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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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.
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 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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German space company Isar Aerospace has successfully placed five satellites into Earth orbit. This marks the first rocket launch from continental Europe into orbit, aiming to secure Europe's independent access to space.
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The Spectrum rocket, developed by Isar Aerospace, successfully reached orbit on September 5, 2026. This marked the rocket's first qualification flight, with the German-made vehicle launching from Andøya Spaceport in Norway.
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