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Shipping traffic through the key Gulf waterways of Bab el-Mandeb and the Strait of Hormuz remained largely unchanged at the start of the week, shippin...
Germany’s likely next chancellor, Friedrich Merz, has ruled out a swift reform of the country’s debt brake and expressed caution over the possibility of securing parliamentary approval for a large-scale military spending boost.
Speaking on Tuesday (February 25), Merz emphasized that changes to Germany’s borrowing limits are not on the agenda in the near future. "It is out of the question that we will reform the debt brake anytime soon. If it happens at all, it will require extensive and difficult work," he stated.
With Donald Trump’s return to the White House raising concerns over European defense capabilities, discussions on increasing Germany’s military budget have gained urgency. The government is reportedly considering a special fund for this purpose, with sources within Merz’s party suggesting the amount could reach hundreds of billions of euros.
However, when asked whether this could be pushed through the outgoing parliament, Merz remained cautious. "We are talking to each other, but it is far too early to say anything about it now. I see it as very difficult at the moment," he said.
Merz, whose conservative bloc won Sunday’s (February 23) national elections but fell short of a majority, now faces challenging coalition talks. With far-right and far-left parties gaining traction, forming a stable government will require careful negotiations.
Despite the uncertainties, Merz reaffirmed his readiness to take on the role of chancellor, stating: "You know that we are prepared to lead such a government. But all this requires a well-negotiated coalition agreement with the SPD. I still believe we can reach a good agreement within a reasonable timeframe and have a functioning majority government in parliament by Easter."
Merz received a standing ovation from members of the CDU and CSU during a parliamentary meeting, signaling strong support from within his party as he prepares for the next phase of government formation.
A tourist aircraft crashed near Peru's UNESCO-listed Nazca Lines on Saturday (1 August), killing all 13 people on board, authorities said.
U.S. President Donald Trump says Iran has a "last chance" to sign what he described as "a good document", claiming talks are continuing at Tehran's request with backing from Saudi Arabia, the UAE and Qatar.
U.S. President Donald Trump said late on Saturday he would hold off on a fresh attack on Iran as long as a deal could be reached quickly to halt Iran's nuclear ambitions and reopen the Strait of Hormuz.
Two firefighting helicopters collided while battling a major wildfire in Greece on Sunday, killing two crew members as emergency services continued efforts to contain fires fuelled by extreme heat and dry conditions across Europe.
Apple Pay has launched in Kyrgyzstan and Tajikistan, expanding digital payment services across Central Asia and supporting the region's shift towards cashless transactions.
The United States State Department is planning to close five diplomatic missions overseas in an uncommon reduction of its global diplomatic network, according to people familiar with a notice sent to Congress.
Morocco has blamed a recent Spanish court ruling for last week's mass migrant crossings into the Spanish enclave of Ceuta, arguing that the decision weakened a key deterrent against irregular migration and was quickly exploited by people-smuggling networks.
A coalition of 25 US states has launched a legal challenge against the Trump administration, arguing that its latest attempt to impose sweeping tariffs on imports from around the world exceeds presidential powers and risks pushing up prices for American consumers.
A U.S. Supreme Court justice has declined to block a $655.5 million damages award against the Palestinian Authority (PA) and the Palestine Liberation Organization (PLO) over attacks that killed or injured Americans in Israel more than two decades ago.
Cuba's national electricity grid collapsed for a second time on Monday, dealing another blow to efforts to restore power after a nationwide blackout left millions without electricity the previous night.
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