Germany’s producer prices fall 1.2% in May, driven by lower energy costs
Germany’s producer prices dropped 1.2% year-on-year in May, in line with market expectations, largely due to falling energy prices, official data showed Friday.
Germany’s Chancellor, Olaf Scholz, will face a vote of no confidence in parliament on Monday, taking a step towards early elections. Scholz is expected to lose the vote, with elections likely to be held by February 2025.
Germany is on the verge of early elections as Chancellor Olaf Scholz prepares for a no-confidence vote in the Bundestag on Monday. This crucial vote comes after the Free Democratic Party of Germany (FDP) left the governing coalition last month, leaving Scholz’s Social Democratic Party of Germany (SPD) and the Greens, also known as Alliance 90/The Greens, without a majority in parliament. The move has put the country on a path toward political instability at a time when Germany is struggling with its most severe economic crisis in decades.
Scholz, who has called for the vote in hopes of triggering early elections, faces a tough challenge. If parliament votes against him, the decision to dissolve the Bundestag will rest with President Frank-Walter Steinmeier. He will have 21 days to make his decision, and if the Bundestag is dissolved, elections are expected to take place within two months.
The vote is expected to pass with opposition parties, including the far-right Alternative for Germany (AfD), likely voting against Scholz. Despite his party’s probable support, Scholz himself is prepared for the loss, as he views it as a necessary step toward early elections.
Meanwhile, German political parties, including Scholz’s SPD, are already gearing up for the election campaign. Early opinion polls show the Christian Democratic Union of Germany (CDU) and its Bavarian sister party, the Christian Social Union (CSU), in the lead. The far-right AfD is also gaining ground in the polls, signaling a shift in the political landscape ahead of the upcoming elections.
As Germany moves closer to an uncertain political future, all eyes will be on the vote in the Bundestag and the potential for a reshaped government in the near future.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
Russia and Kazakhstan have signed a formal agreement to move forward with the construction of a nuclear power plant in Kazakhstan, marking a key step in their energy cooperation.
A nationwide transport strike on Friday disrupted travel across Italy, with major delays and cancellations reported in rail, air, and public transit services.
Several EU Member States have activated the EU Civil Protection Mechanism (UCPM) to assist the departure of citizens due to the airspace closures in the Middle East. Slovakia, Lithuania, Greece, Poland and Portugal have requested UCPM support to assist the departure of their nationals.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China issued red alerts as extreme monsoon rain trigger flash floods across central and southern regions, threatening lives, and infrastructure.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment