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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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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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A court in Cairo has sentenced TV presenter Sarah Khalifa and eleven other individuals to death for drug trafficking. Over 750 kilograms of drugs and their ingredients were seized from the accused.
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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 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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The AfD narrowly missed an absolute majority in the state election in Saxony-Anhalt but is expected to govern. An AfD government could influence administration and justice, roll back equality policies, and alter economic and climate policies.
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 convicted war criminal Ratko Mladić is to be buried in Belgrade with state honors. EU Enlargement Commissioner Dubravka Šuica subsequently canceled a planned trip to Serbia.
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Following the state election in Saxony-Anhalt, the AfD received the most votes but not an absolute majority. Government formation is complicated as other parties rule out coalitions with the AfD. There is no legal deadline for electing a new state premier.
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