Wall Street little changed after Fed holds rates steady
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a dec...
President Frank-Walter Steinmeier on Friday dissolved Germany's lower house of parliament to pave the way for snap elections on Feb. 23 following the collapse of Chancellor Olaf Scholz's three-way coalition.
"Especially in difficult times, like now, stability requires a government capable of acting, and reliable majorities in parliament," which was why early elections were the right way forward for Germany, Steinmeier said in Berlin.
After the elections, problem-solving must become the core business of politics again, added Steinmeier in a speech.
The president, whose post has been largely ceremonial in the post-war era, also called for the election campaign to be conducted fairly and transparently.
"External influence is a danger to democracy, whether it is covert, as was evidently the case recently in the Romanian elections, or open and blatant, as is currently being practiced particularly intensively on (social media) platform X," he said.
Scholz, a Social Democrat who will head a caretaker government until a new one can be formed, lost a confidence vote in parliament earlier this month after the departure of Finance Minister Christian Lindner's Free Democrats left his unwieldy governing coalition without a legislative majority.
The vote also kicked off election campaigning in earnest, with conservative challenger Friedrich Merz, who surveys suggest is likely to replace Scholz, asserting that the incumbent government had imposed excessive regulations and stifled growth.
The conservatives hold a comfortable lead of more than 10 points over the Social Democrats (SPD) in most polls. The far-right Alternative for Germany (AfD) is slightly ahead of the SPD, while the Greens, a coalition partner, are in fourth place.
The mainstream parties have refused to govern with the AfD, but its presence complicates the parliamentary arithmetic, making shaky coalitions more likely.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Israel has recovered the remains of the last remaining hostage held in Gaza, the military said on Monday, fulfilling a key condition of the initial phase of U.S. President Donald Trump's plan to end the war in the Palestinian territory.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
A routine military training exercise turned into a major recovery mission this week after a catastrophic mudslide swept through a hillside in West Java, Indonesia.
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as violent winds, heavy rain and snowfall battered the country before moving into Spain.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
The United States is handing over a tanker to Venezuela that it seized earlier this month, according to two U.S. officials, marking the first known case of Donald Trump’s administration returning such a vessel, Reuters reported.
Colombian authorities on Wednesday located a missing plane carrying 15 people in the northeast of the country, with no survivors found, an Air Force source and local media said.
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