Baykar finalises takeover of Italy’s Piaggio Aerospace
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a...
Alexander Schallenberg has been sworn in as Austria’s caretaker chancellor, succeeding Karl Nehammer after his unsuccessful bid to form a centrist coalition, as the far-right Freedom Party prepares for coalition talks with the conservative ÖVP.
Alexander Schallenberg, Austria's foreign minister, was sworn in as caretaker chancellor on Friday following the resignation of Karl Nehammer, leader of the conservative People’s Party (ÖVP). Nehammer stepped down last weekend after his efforts to form a centrist coalition government failed, leaving the political landscape open to change.
The current ÖVP-led government has been operating in a caretaker capacity since parliamentary elections in September. These elections saw the far-right Freedom Party (FPÖ) emerge as the largest party, securing a mandate to form the next government.
The FPÖ is set to begin coalition negotiations with the ÖVP, marking a significant step toward establishing a new government. Schallenberg’s interim leadership will guide Austria through this transitional period until a stable coalition is formed.
This political shift reflects Austria’s evolving electoral landscape, with the FPÖ’s victory signalling a rise in support for far-right policies. The coming weeks are expected to shape the country's political direction, as coalition talks determine the composition and priorities of the next administration.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
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