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    Wednesday, August 12

    PR Newswire

    Botswana downgrade adds pressure to diamond economy

    GABORONE: Botswana is facing renewed pressure on its diamond-driven economy after S&P Global Ratings lowered the country’s long-term sovereign rating to BBB- from BBB and its short-term…

    UNICEF and partners launch $300m child nutrition drive

    DUBAI: UNICEF, Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) and the Children’s Investment Fund Foundation (CIFF) have launched a US$300 million partnership aimed at helping save 3…

    Bitget Signals Next Phase of Exchanges With TradFi Integration

    Newszy: Victoria, Seychelles –  Bitget, the world’s largest Universal Exchange (UEX), has introduced a major structural upgrade to its trading interface, elevating traditional financial assets such as stocks, commodities,…

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    Europe heatwave puts EU economic growth under pressure

    Europe’s extreme summer heat and drought could cut EU economic output by about 1% in 2026, according to new analysis from Triodos Bank. The estimated loss equals roughly €180 billion and is close to the European Commission’s current growth forecast for the bloc. In May, the Commission projected EU gross domestic product would rise 1.1% this year. The comparison shows the scale of the weather-related damage estimated in the bank’s analysis.

    China widens flood response after Typhoon Dolphin landfalls

    Fujian authorities suspended 686 road passenger routes and 658 train services during the storm response. They also closed 234 major tourist attractions and canceled dozens of cultural and tourism events. In Shanghai, airlines canceled more than 900 flights at the city’s two main airports on Monday. Heavy rainfall caused flooding in parts of the financial center and disrupted public transportation. The measures followed widespread weather warnings across coastal areas exposed to Dolphin’s winds and rain.

    Denmark inflation slips to 1.7% with core rate steady

    The July consumer price index reached 102.92, with 2025 set as the index base of 100. Holiday home rentals and package holidays accounted for 1.24 percentage points of the monthly increase. Food added 0.15 percentage point. Lower clothing, hotel accommodation and footwear prices reduced the monthly rise by a combined 0.34 percentage point. Rent provided the largest positive contribution to annual inflation, adding 0.55 percentage point. Holiday home rentals added 0.51 point, while fuel added 0.39 point. Electricity prices cut 0.68 point from the annual rate. Food prices reduced it by 0.26 point, and package holidays subtracted 0.06 point. The combined movements left headline inflation below June’s 1.9% reading.

    DR Congo Ebola death toll tops 1,900 as cases rise

    DR Congo’s Ebola outbreak has killed 1,916 people and produced 4,209 confirmed cases, according to official data through Aug. 7. That raises the death toll 29 above the 1,887 figure reported in the earlier update. Health authorities also counted 595 patients receiving care in isolation. Another 828 people have recovered from the Bundibugyo virus disease outbreak.