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...
Ireland's two large centre-right parties are set to begin their search for a coalition partner this week after Friday's election looked likely to leave them just short of the 88 seats needed to govern, a choice that will help determine their policy platform.
Ireland's two large centre-right parties are set to begin their search for a coalition partner this week after Friday's election looked likely to leave them just short of the 88 seats needed to govern, a choice that will help determine their policy platform.
Prime Minister Simon Harris' Fine Gael and coalition partner Fianna Fail bucked a global trend of voters rejecting incumbents when they won 20.8% and 21.9% of the vote respectively, a broadly similar level to the last election in 2020.
With outgoing junior coalition partner the Greens set to lose all but one of its seats, the choice is between one of Ireland's smaller left-leaning parties or a number of more conservative independent lawmakers.
The final seats are likely to be filled on Monday.
"There is certainly the possibility for this additional partner to have an outsized impact on the ideological direction," said Theresa Reidy, senior lecturer in politics at University College Cork.
Fine Gael and Fianna Fail have ruled out a deal with the other main party Sinn Fein, the leftist opposition whose vote fell to 19.0% from 24.5% in 2020 and 35% in opinion polls a year ago when it appeared on course to lead the next government.
Harris called the election on the heels of a 10.5 billion euro ($11 billion) giveaway budget, but will be under pressure to heed widespread frustration at the outgoing government's inability to turn the healthiest public finances in Europe into better public services.
POTENTIAL MAJOR THREAT
Senior Fine Gael and Fianna Fail ministers have said talks on forming a new government would take weeks at least. Party figures have said they would like a deal before the inauguration of U.S. President-elect Donald Trump on Jan. 20, but that it is not a hard deadline.
Trump's pledges to slash corporate tax and impose tariffs pose a potentially major threat to Ireland's economy, which is heavily dependent on the taxes and jobs of a cluster of U.S. tech and pharmaceutical multinationals.
"Ideally if we can form a government prior to that (Trump's inauguration), that's positive, but I think we need to form a government that can last," Finance Minister Jack Chambers of Fianna Fail told Reuters, adding that negotiations should not take the 4-1/2 months needed in 2020.
Fine Gael and Fianna Fail have formed stable governments in the past backed by independents and both have governed with one of the two possible centre-left partners, Labour. The other, the relatively new Social Democrats, has never been in power.
While 88 votes are required to pass legislation and approve ministers, parties will really need around 94 to have a comfortable majority capable of going the full five-year term, former prime minister Bertie Ahern told state broadcaster RTE.
"The reality is they have plenty of choices," giving them plenty of bargaining power, Ahern said.
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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