Germany news: Belgium blaze kept out of Germany for now
Some residents in the Eifel town of Monschau were evacuated as a massive fire in Belgium threatened to cross the border. Meanwhile, shipping shortfalls amid low river water levels could hit the construction industry.
Belgium is grappling with its largest wildfire in a century, which has not been subdued despite improved weather conditions. The blaze, located near the German border, is threatening the medieval town of Monschau and has prompted precautionary evacuations. Belgian King Philippe visited the fire site and expressed concern for the affected communities.
Meanwhile, Germany's diesel and gasoline prices have reached their highest levels of the year, largely due to strained oil prices and the expiration of a two-month tax rebate. The German military has mobilized a significant portion of its forces to support the firefighting efforts. Additionally, a German company, Madison Air Solutions, is acquiring a German ventilation company for $5.4 billion to bolster its presence in the booming US cooling and ventilation market.
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