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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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Typhoon remnants caused flooding in Japan, resulting in one fatality in Iwaki. Evacuation orders were issued, and the second-highest warning level was declared for parts of Fukushima, Chiba, and Saitama.
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 death toll from a flash flood in the Himalayas has risen to nearly 1,400, with most fatalities on the Nepalese side. Over 4,500 people remain missing, including hundreds of hydropower plant workers.
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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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The crisis in Iran has led to a price increase for recycled plastic in Cairo's garbage city, with one kilogram now fetching five instead of one pound. This allows some waste pickers, who informally handle disposal for over 20 million residents, to achieve higher profits.
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Following an eruption of the Anak Krakatau volcano, Soekarno-Hatta International Airport in Indonesia was temporarily closed. Over 22,000 passengers and 209 flights were affected by the closure due to volcanic ash in the airspace.
Police & InvestigationsAccidents & DisastersHousing & Urban Development
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A 250-kilogram World War II bomb is being defused in Kiel-Dietrichsdorf. Over 5,000 residents must leave their homes for the operation.
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The eruption of the Anak Krakatau volcano in Indonesia led to the cancellation of over 200 flights in Jakarta. The ash cloud reached an altitude of 15,000 meters.
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