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US national debt has surpassed 40 trillion dollars, with interest payments now exceeding defense spending. Economists warn this comes at the expense of future investments, though an immediate default is unlikely.
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Two more survivors were recovered in Nepal following a flash flood in the Himalayas: a Chinese worker from a tunnel and a woman from a house. Hundreds of workers are still missing in tunnels.
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The US is exerting economic pressure on Iran to force a peace agreement. China is resisting sanctions, India is balancing between the US and Iran, while the United Arab Emirates has halted trade with Iran.
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Hundreds of workers remain missing after a flash flood caused by a glacial collapse in Nepal. At least 1,325 people have been confirmed dead in Nepal and China, with over 5,500 still missing.
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High fuel prices in Europe are due to tight refinery capacities, disrupted trade routes, and a general diesel shortage, despite moderate crude oil prices. Refinery margins are high as demand for finished products exceeds supply.
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International far-right figures met in Chile at the Foro Madrid, organized by Fundación Disenso. Argentina's President Javier Milei spoke of a "global battle between good and evil" and justified Augusto Pinochet's military coup. Support for Chilean politician José Antonio Kast has reportedly fallen to 34 percent.
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Argentina's President Javier Milei reaffirmed his country's claim to the Falkland Islands, questioning the islanders' right to self-determination. This comes amid potential shifts in US foreign policy under Donald Trump regarding the sovereignty issue.
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The UN Environment Programme (UNEP) warns the 1.5-degree temperature limit could be exceeded in the coming years. Following flash floods in Nepal and Tibet that caused over 1,000 deaths, Nepal is demanding compensation from major CO2 emitters. Turkmenistan has begun to close large methane leaks in its oil and gas facilities.
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The death toll from a ferry accident off Cyprus has risen to twelve, with 16 people still missing. The captain and eight other suspects have been taken into custody for negligent homicide.
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Global food prices rose 1.9 percent in August compared to July, reaching their highest point since late 2022. Extreme weather and military conflicts are causing supply shortages. The FAO lowered its global grain production forecast by two percent.
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