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High oil prices, driven by geopolitical tensions and Middle East attacks, are burdening global stock markets and German industry. Analysts foresee oil prices potentially reaching $120 per barrel by 2027, intensifying inflation and interest rate concerns.
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Four European mobile providers, including Deutsche Telekom, are considering a cooperation for satellite internet on smartphones. The aim is a joint venture to apply for frequencies the EU wants to reserve for domestic providers.
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Russia has resumed its attacks on Kyiv after a three-day interruption, killing at least two people and injuring seven. US envoys had previously attempted to mediate peace talks, which are now complicated by the renewed Russian assaults.
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Germany has asked the International Court of Justice (ICJ) to dismiss Nicaragua's lawsuit, which accuses Berlin of facilitating genocide by supporting Israel. The ICJ previously rejected Nicaragua's urgent request to halt German aid to Israel in April 2024, but the proceedings continue.
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China's exports increased by 25 percent in August compared to the previous year, driven by strong demand for cars and high-tech products. The trade surplus rose to 119.1 billion US dollars.
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Iran threatens a new retaliation strategy against the US that goes beyond mere reactions. Following missile attacks on US military ships, Iran's National Security Council chief stated it was a test and announced the establishment of a no-go zone in the Persian Gulf.
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Canada is introducing tariffs of up to 50 percent on US imports, including steel, aluminum, appliances, farm machinery, and electronics, starting at midnight. This is a response to US tariffs on Canadian goods that took effect in August after trade talks failed.
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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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The AfD's success in a German state election could influence the federal government's EU policy. While EU neighbors express concern, AfD allies see it as a signal of hope. Key EU decisions on the budget and CO2 emissions trading are pending.
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Poland has expressed concern over the AfD's election success in Saxony-Anhalt, fearing it could lead to instability in Germany and a relativization of history. There are worries about a pro-Russian stance and a weakening of the federal government.
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