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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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The AfD won all 41 direct mandates in the Saxony-Anhalt state election, while the CDU secured none. Parties like the AfD and BSW are calling for a change in course following the results, interpreting them as a mandate to govern.
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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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The Berlin House of Representatives election on September 20 could lead to a close race between the CDU and the Left Party. The SPD is expected to perform worse, weakening its negotiating position. A coalition with the Left Party is complicated by debates on antisemitism and expropriations.
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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 CDU in Saxony-Anhalt faces a decision on future coalitions following the election. The question is whether the party will continue to cooperate with The Left.
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International politicians expressed concern over the AfD's success in the Saxony-Anhalt election. French Finance Minister Lescure called the result a "very, very disturbing signal" amid a global populist wave. Polish Foreign Minister Sikorski and Italian Lega leader Salvini also congratulated the AfD.
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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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