European stocks fall as Trump tariff threats rattle markets
European shares dropped on Friday after President Donald Trump intensified tariff threats against the EU, casting doubt on trade talks and dampening i...
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.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
Washington and Ottawa are once again at odds, as President Trump unveils a sharp new tariff on Canadian goods—citing drug trafficking and trade disputes just weeks ahead of a key deadline.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
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