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...
German Chancellor Olaf Scholz confirmed he will run for a second term in the upcoming snap elections after his Defence Minister, Boris Pistorius, ruled himself out. The decision brings some clarity, but leaves the SPD with its most unpopular chancellor in record time.
German Chancellor Olaf Scholz is set to run for a second term in the upcoming snap elections after his popular Defence Minister Boris Pistorius – a possible replacement – ruled himself out of the running on Thursday. The news provided some relief after weeks of uncertainty about whether Pistorius would step forward, with the elections just months away on 23rd February.
But it leaves the ruling Social Democrats (SPD) with Germany's most unpopular chancellor on record as their candidate at a time when the party is already trailing in third place behind the opposition conservatives and the far-right.
"I have just informed our party and parliamentary group leaders that I will not be standing as a candidate for the office of federal chancellor," Pistorius said in a video posted to SPD social media channels on Thursday evening. "This is my sovereign, personal and entirely personal decision."
Traditionally, the incumbent chancellor would always be in pole position to lead his or her party into the next election – former Chancellor Angela Merkel won four consecutive terms for the conservatives. But the stark difference in popularity between the diffident Scholz and Pistorius, Germany's most popular politician since he stepped onto the national stage as defence minister two years ago, had raised doubts about whether this was the best course of action.
Even within the SPD, a majority favoured Pistorius running for chancellor over Scholz, who earlier this month oversaw the collapse of his fractious three-way coalition over differences about how to revive the ailing economy.
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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