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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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Record prices for diesel and gasoline in Portugal have led to protests. Diesel reached €2.169 per liter and gasoline €2.142 per liter. An analysis by regulator ERSE found no evidence of exploitation by operators.
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A professor from the University of Stuttgart-Hohenheim suggests that a doomsday mood and a longing for the past contribute to the AfD's success. He states the federal government fails to create a positive vision for the future and media should highlight solutions alongside problems.
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After a five-year struggle, Afghanistan's women's national football team is officially allowed to play international matches again by FIFA. The players live in exile and represent their country, as women are not permitted to play sports in Afghanistan under the Taliban.
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Several Portuguese artists have canceled their performances at the Commedia a La Carte Festival in Lisbon. They are protesting the pro-Israel stance of headliner Jerry Seinfeld in the context of the Gaza war.
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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.
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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