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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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77 organizations are demanding protection for children from the consequences of climate change and their participation in climate policy. They point to increased health risks for children and call for compliance with existing laws and financial resources for climate adaptation measures at the municipal level.
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Heatwaves and fires are worsening air pollution, according to a report by the World Meteorological Organization. Fine dust from wildfires is more problematic than from other sources and can increase health risks. Rising temperatures also promote the formation of ground-level ozone, which damages respiratory systems and ecosystems.
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The World Meteorological Organization (WMO) states that forest and bush fires increase exposure to toxic fine dust and ground-level ozone, causing health damage even far from the fire sites. The number of fires with heavy smoke has tripled globally since the 1990s.
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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 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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Heatwaves and wildfires are worsening air pollution from fine dust and ground-level ozone, threatening human health and ecosystems. The World Meteorological Organization (WMO) warns that wildfire smoke could underestimate mortality from PM2.5 particles by up to 93 percent, and extreme events have tripled.
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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Germany is establishing a virtual analysis space for pseudonymized health data of approximately 74 million statutory insured individuals. The European Health Data Space aims to enable the use of this data for medical research and policy decisions, with data remaining within the center. Future integration of private health insurance data is planned.
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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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