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☆ COP29: As Trump’s win tests the world order, diplomats are fretting over what it means for the planet
▼ + stars: | 2024-11-11 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +8 min

A U-turn on US climate policy could be disastrous for the planet, as it raises the risk of emulation. When America does something on the world stage, at least some countries tend to follow. Ahead of Trump’s inauguration, negotiators will ramp down their expectations in terms of what’s possible at the talks, he said. President Luiz Inácio Lula da Silva, who will host the climate talks next year in Brazil, bowed out after a head injury. The world is already 1.3 degrees warmer than it was before humans started burning fossil fuels at an industrial scale.

Persons: CNN —, Donald Trump’s, Trump, ”, Oli Brown, ” Trump, they’ve, Mukhtar Babayev, Joe Biden, France’s Emmanuel Macron, Ursula Von Der Leyen, Claudia Sheinbaum, Olaf Scholz, Dick Schoof, Luiz Inácio Lula da Silva, Frederic J . Brown, Jonathan Pershing, Biden, “, Li Shuo, Trump’s, Joeri Rogelj, ” Rogelj Organizations: CNN, Union, Israeli, Maccabi Tel, Trump, Wilmington Oil, Getty, European Union, Asia Society Policy Institute, UN, Imperial College London Locations: Baku, United States, Paris, America, London, Mexico, Amsterdam, Maccabi Tel Aviv, Brazil, Wilmington, Los Angeles , California, AFP, China, EU, there’s

☆ I chose Europe over the US for my startup. The Silicon Valley startup benchmark is unparalleled, but I still prefer Berlin.
▼ + stars: | 2024-11-11 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

Ivan Maryasin founded Monite after moving from Silicon Valley to Berlin. Here's how its startup ecosystem compares to Silicon Valley. It's hard to find people with the same values or who'll know what you're talking about when you say, "Silicon Valley benchmark." AdvertisementI like living in Europe, but wouldn't rule out returning to AmericaMost people in Silicon Valley are focused on startups and innovation. If you're all about work and want to focus 24/7, Silicon Valley is the place to be.

Persons: Ivan Maryasin, —, I'd, that's, I've Organizations: Service, Hult International Business School, San Francisco, EU, LinkedIn, Facebook, MIT, Harvard, Business Locations: Silicon Valley, Berlin, Germany, Russia, Massachusetts, America, Moscow, Europe, it's, Zurich, Barcelona, London, San Francisco, California, Monite, Silicon

☆ Dollar braces for U.S. inflation data and several Fed speakers
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. The dollar started in a cautious mood on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Reports on retail sales and industrial output due Friday should show whether Beijing's various attempts at stimulus are having any real effect on demand. The dollar stood at 7.1970 yuan , having jumped 0.7% on Friday, and looks set to again test the 7.2000 barrier. The dollar index was a fraction firmer at 105.00, after gaining 0.6% last week mainly against the euro.

Persons: Olaf Scholz, Donald Trump's, Michael Feroli, Jerome Powell, cryptocurrencies Organizations: Federal Reserve, New, U.S, Fed Locations: China, New Zealand

☆ Europe could try to stop — or get around — damaging Trump tariffs
▼ + stars: | 2024-11-11 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.

Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France

Jurors will deliberate from 9 a.m. to 4 p.m. Monday through Saturday until they reach a verdict, according to WTHR. Last month, 16 Allen County residents were selected to serve on the jury, including four people serving as alternates, WTHR said. “I believe the evidence is firmly convincing that Richard Allen is Bridge Guy and he killed Abby and Libby,” McLeland told the jury. Prosecutors drew attention to the .40-caliber unspent round found by the girls’ bodies, which a prosecution expert testified matched Allen’s pistol. He also pointed out that Allen still lived in Delphi for more than five years after the girls were killed.

Persons: Richard Allen, Allen, Liberty “ Libby, Abigail “ Abby ” Williams, WTHR, Frances Gull, Nick McLeland, “, Bridge Guy, Abby, Libby, ” McLeland, McLeland, ” Allen, Brad Rozzi, you’ve, ” Rozzi, Abigail Williams, Abby ”, “ Libby ”, Guy ”, Tony Liggett, Allen “, Monica Wala, Wala, I’m, Deanna Dwenger, Odinism, White supremacists, Gull, Darron Cummings, Brian Harshman, Guy ’, ’, “ Richard Allen, Rozzi, Allen wasn’t Organizations: CNN, WTHR, Associated Press, Bridge, ”, Liberty, WLFI, Prosecutors, Indiana Department of Corrections Behavioral Health, WRTV, Indiana State Police Locations: Delphi , Indiana, Carroll, Allen County, Allen, Delphi, Westville Correctional

☆ How a former data analyst turned his 14-year career at Riot Games into 'Arcane,' a beautiful, expensive Netflix hit
▼ + stars: | 2024-11-09 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +9 min

"Arcane," a television adaptation of Riot Games' "League of Legends," is back on Netflix. The gig was at Riot Games, a young video game company founded in 2006 that had launched its debut title "League of Legends" the year before. Film and television isn't Riot Games' primary business; video games like "League of Legends" are. A genuinely good television series like "Arcane" not only engages current players who may spend money on in-game cosmetics, but brings new eyes to the franchise. The real-life cosmetics, like the "Arcane" season two drop with Fenty Beauty, probably don't hurt either.

Persons: Christopher Linke, Alexander Yee, it's, —, Christian Linke, Linke, Yee, Ella Purnell, Netflix Linke, Ekko, Reed Shannon, Fortiche, that's, shiniest Organizations: League of, Netflix, Riot, Service, Craigslist, Riot Games, League, Variety, Washington Locations: Los Angeles

☆ Pompeii DNA evidence contradicts long-held assumptions about victims buried in ash
▼ + stars: | 2024-11-08 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

Centuries on and it turns out that long-held assumptions about some of the people of Pompeii should not have been set in stone. “Modern assumptions about gendered behaviors may not be reliable lenses through which to view data from the past,” they added. Over the centuries, Pompeii and the dead were forgotten, remaining buried for almost two millennia until a farmer found part of the city beneath a vineyard in 1748. In the 19th century, archaeologists pioneered the technique of pouring plaster into voids left by decomposed bodies, creating lifelike casts. Research at Pompeii continues to reveal new details about the ancient city and its people, with fresh discoveries made all the time.

Persons: ”, —, David Reich, Max Planck, Vesuvius Organizations: Harvard Medical School, Italy's University of Florence, Max Planck Institute Locations: German, Leipzig, Roman, Research

In President-elect Trump, these ascendant insurgents across the pond see a key ally, someone who shares their mix of authoritarianism, populism and extreme hostility to immigration. “We have big plans for the future!” posted Hungary’s Prime Minister Vikor Orbán, an influential Trump friend and ally, calling it “a much needed victory for the World!”Orban visited Trump at his Mar-a-Lago resort in Florida earlier this year. Hungarian Prime Minister Viktor Orban at an EU Summit in Budapest on Friday. The AfD is an anti-immigration, anti-Muslim political party that is being monitored by the country’s domestic intelligence agency for suspected extremism — something it denies. Argentina’s far right, libertarian president, Javier Milei, told Trump he could “count on Argentina to carry out your task.” And Israel’s ultranationalist National Security Minister Itamar Ben-Gvir reacted with a “Yesssss.”

Persons: Donald Trump’s, ”, Vikor Orbán, Trump, ” Orban, András, “, László, aren’t, Viktor Orban, Petr David Josek, Geert Wilders, Giorgia Meloni, Alice Weidel, Stefan Keuter, Christoph Reichwein, Siegbert Droese, ” Stefan Keuter, Vladimir Putin, Putin, Keuter, “ Trump, Javier Milei, Itamar Ben, Gvir Organizations: Trump, Hungary’s, Fidesz, NBC, EU, Washington, WIN, Getty, NBC News, Young Republicans, Nazi, National Locations: Lago, Florida, Budapest, Netherlands, Italy, Washington, Rome, Germany, Essen , Germany, Ukraine, Europe, Argentina

☆ Cargo plane operators are on high alert after a string of suspected Russian sabotages
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.

Persons: —, Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia

☆ 'It's gross, it's unprofessional': Some LinkedIn users are being put off the platform by unsolicited flirtatious DMs
▼ + stars: | 2024-11-08 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +8 min

studioEAST | Getty ImagesSome LinkedIn users have reported receiving unsolicited flirtatious messages via the platform, with expert Bernie Hogan at the Oxford Internet Institute saying the employment-focused social website is increasingly being used for dating purposes. "It's just a gross feeling ... it's gross, it's unprofessional," Huddy told CNBC. "LinkedIn is not a workplace, it merely frames itself as a workplace," he told CNBC Make It. A recent Forbes Health Survey of 1,000 Americans who have used dating apps in the past year found that 78% felt fatigued emotionally, mentally, or physically by dating apps sometimes, often, or always. "So LinkedIn has effectively created a dating site without dating," Hogan added.

Persons: Bernie Hogan, Blair Huddy, Huddy, She's, Shriya, DatingNews.com, Hogan, Courtney Boyer, Boyer, Sasha Dutta, Dutta, Oscar Wong Organizations: Getty, Oxford Internet Institute, Hudson Davis Communications, CNBC, LinkedIn, Microsoft, Facebook, Forbes Health Survey Locations: studioEAST, Los Angeles, U.S, Central Florida, Asian

☆ Stocks making the biggest moves premarket: Pinterest, Monster Beverage, Bath & Body Works, Trump Media & more
▼ + stars: | 2024-11-08 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The company saw $162 million in revenue, topping the consensus expectation for $150 million. Analysts polled by FactSet penciled in 43 cents in earnings per share and $1.91 billion in revenue. Affirm lost an adjusted 31 cents per share, narrower than the consensus forecast of 35 cents, according to LSEG. Bath & Body Works — The fragrance retailer slid 2.7% in the wake of a Barclays downgrade to underweight from equal weight.

Persons: Donald Trump's, platform's, DraftKings, Sweetgreen, LSEG, Toast, StreetAccount penciling, Versace, Michael Kors, FactSet, BioNTech, Goldman Sachs, Goldman, — CNBC's Sean Conlon, Yun Li, Pia Singh, Samantha Subin Organizations: Trump Media & Technology, LSEG, Arista Networks, Arista, Capri Holdings, Capri, Beverage, Revenue, Barclays Locations: LSEG, BioNTech —

☆ The air freight industry is on high alert after fires at DHL warehouses were linked to Russian sabotage operations
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

☆ Stocks making the biggest moves midday: Tesla, Airbnb, Toast, Pinterest and more
▼ + stars: | 2024-11-08 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Pinterest — Shares of the image-sharing platform pulled back 16% after the company issued a lower-than-expected revenue outlook for the current quarter. Block — The Cash App parent company slumped more than 4.5% after its third-quarter revenue of $5.98 billion missed expectations. Toast — The restaurant management company climbed 13% after it forecast adjusted EBITDA of between $90 million and $100 million for the current quarter. Analysts expected a loss of 30 cents per share on $198 million in revenue, according to LSEG. That said, Lucid's net loss widened in the period, posting $992.5 million versus $630.9 million in the year-ago period.

Persons: Donald Trump, Elon, Airbnb, DraftKings, LSEG, Monster, FactSet, Goldman Sachs, — CNBC's Hakyung Kim, Alex Harring, Sean Conlon Organizations: Trump Media & Technology, Arista Networks, Arista, Capri Holdings, Beverage, Barclays

☆ German government should be settled before Trump administration takes office, former U.S. ambassador says
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman government should be settled before Trump administration takes office, former U.S. ambassador saysJames Bindenagel, visiting distinguished fellow at the German Marshall Fund and former U.S. ambassador to Germany, weighs in on what should happen next in German politics amid government turmoil.

Persons: James Bindenagel Organizations: Trump, German Marshall Fund Locations: U.S, Germany

☆ 'We have huge structural problems' in Germany, says former Christian Lindner advisor
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We have huge structural problems' in Germany, says former Christian Lindner advisorLars Feld, former advisor to former Finance Minister Christian Lindner and director of the Walter Eucken Institute, discusses the breakup of the German coalition.

Persons: Lindner, Lars Feld, Christian Lindner, Walter Eucken Organizations: Finance, Walter, Walter Eucken Institute Locations: Germany

☆ Goldman Sachs upgrades BioNTech to buy, sees stock surging more than 25%
▼ + stars: | 2024-11-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +1 min

Goldman Sachs is optimistic on BioNTech as a result of a new oncology asset. The bank upgraded shares of the German biotechnology firm to a buy rating from neutral. Analyst Chris Shibutani accompanied the move by hiking his price target to $137 from $90, which implies upside of $27%. BNTX YTD mountain BNTX YTD chart BioNTech can also support an innovative and expansive clinical development program for BNT327 that could challenge the status quo of immune-oncology regimens, Shibutani added. Of the 19 who cover it, 12 have buy or strong buy ratings on BioNTech, LSEG data shows.

Persons: Goldman Sachs, Chris Shibutani, BNTX

☆ The NFL is heading to Germany – and the country has fallen for American football
▼ + stars: | 2024-11-08 | by ( Eduardo Tansley | ) www.nytimes.com time to read: +11 min

The German balances punditry with his role as the commissioner of the European League of Football, a professional American football league founded in 2020 which has 18 teams split into three conferences. Paid options with increased coverage are now available through DAZN, the NFL League Pass, and RTL+. According to the NFL, there are approximately 19million fans in Germany, with 3.6m (18.9 per cent) following the NFL closely. The German Olympic Sports Confederation (DOSB) has 500 registered football teams with more than 70,000 members, according to sports marketing agency SPORTFIVE. There are 14 German players in the NFL Academy, based at Loughborough University in the United Kingdom.

Persons: Holt, ” Patrick Esume, Jürgen Kessler, Esume, ” Esume, Tom Brady, Sebastian Widmann, Daniel Jensen, ” Jensen, ”, Jakob Johnson, Marcel Dabo, Aaron Jones, Amon, Ra St, Brown, Gerrit Meier, Bjoern Werner, Markus Kuhn, Sebastian Vollmer, Duke Dennis, Ian Maule, Jensen, “, Meech Robinson Organizations: American, NFL, Allianz Arena, New York Giants, Carolina Panthers, Frankfurt’s Deutsche Bank Park, RTL, Athletic, Sky Sports, ITV, “, European League of Football, Getty, Hamburg Silver Eagles, Hamburg Blue Devils, Tampa Bay Buccaneers, Seattle Seahawks, Munich’s Allianz, Hamburg, NFL Europe, Bundesliga, Soccer, Bayern Munich, Bayer Leverkusen, Super, Kansas City Chiefs, Miami Dolphins, Sports Illustrated, Chiefs, New England Patriots, Dallas Cowboys, Pittsburgh Steelers, Patriots, Green Bay Packers, Giants, Indianapolis Colts, Minnesota Vikings, U.S . Army, Detroit Lions, Colts, Olympic Sports, SPORTFIVE, German Basketball Association, NBA, NFL Academy, Loughborough University, NCAA Division Locations: Germany, Europe, Munich, United Kingdom, American, U.S, DAZN, NFL Europe, German, Frankfurt, America, Mexico, “ St, Las Vegas, Los Angeles

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ AI robot’s portrait of Alan Turing that ‘challenges what it is to be human’ sets record, selling for $1.08 million
▼ + stars: | 2024-11-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +5 min

The paintings depict British computer scientist, mathematician and codebreaker Alan Turing. “There’s a slightly apocalyptic view of AI art wiping out everybody. for good’ which led to Ai-Da bringing up Alan Turing as a key person in the history of A.I. “’AI God,’ a portrait of pioneer Alan Turing, invites viewers to reflect on the god-like nature of AI and computing while considering the ethical and societal implications of these advancements. Alan Turing recognised this potential, and stares at us, as we race towards this future,” the robot added.

Persons: Alan Turing, ”, Ai, Aidan Meller, Turing, Meller, “, Alastair Sooke, Pablo Picasso, ” Ai, Da, she’s, ‘, Turing’s, Sotheby’s Organizations: CNN, British Locations: New York, British, Cornwall, England, Turing’s

☆ Top German business leader recalls his days working with Trump: 'His administration was extremely receptive'
▼ + stars: | 2024-11-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

It's still uncertain what Donald Trump's second presidency will look like, but his first administration was highly responsive to business issues with a set way of operating, top German business executive Joe Kaeser told CNBC. "If I personally, for my company at the time, had an issue to resolve, his administration was extremely receptive," the chairman of the supervisory board of Siemens Energy said in an interview with CNBC's Annette Weisbach Thursday. Kaeser was Siemens' CEO throughout President-elect Trump's first term. Trump did "a lot of things which helped the economy" during his first four years in office, Kaeser said, noting that he believed the president-elect's tax cuts at the time were a positive. One study done at the time, however, showed that the Trump tax cuts, which were implemented in 2017, only had a limited contribution to the strong U.S. growth the following year.

Persons: It's, Donald Trump's, Joe Kaeser, CNBC's Annette Weisbach, Kaeser, Trump's, Trump Organizations: CNBC, Siemens Energy, Siemens, Trump Locations: New York

MUNICH — A U.S. citizen suspected of offering intelligence about the American military to China has been arrested in Frankfurt, German authorities said Thursday. Identified only as Martin D. under German privacy law, the federal prosecutors office said in a statement that the suspect “worked for the U.S. armed forces in Germany,” until recently. Prosecutors added that, as some point this year, the suspect “contacted Chinese government agencies and offered to provide them with sensitive U.S. military information for forwarding to a Chinese intelligence service.” They did not say when the offer took place. The suspect “obtained the information in question during his work with the U.S. armed forces,” prosecutors said, adding that investigators had searched his apartment. It added that she gave the information to a second Chinese national, named as Jian G., who is being prosecuted separately.

Persons: Martin D, “, ”, X, Jian G, Jian, Maximilian Krah Organizations: U.S, Prosecutors, Federal, of Justice Locations: MUNICH, China, Frankfurt, Germany, ”, Beijing, Leipzig, Halle, German

The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ Europe's markets head for mixed open as Trump win settles in; Fed, BoE decisions in focus
▼ + stars: | 2024-11-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a mixed open as global investors digest Donald Trump's presidential election win and political upheaval in Germany. They also await monetary policy decisions from the U.S. Federal Reserve and Bank of England. Global markets continue to react to Donald Trump's decisive election win, with U.S. stocks rallying Wednesday as Wall Street rejoiced the speedy conclusion of the presidential election. Central banks will be closely watched Thursday, with the Fed and BoE both expected to announce rate cuts. Scholz announced he would bring a vote of confidence to the German parliament on Jan. 15.

Persons: Donald Trump's, Germany's DAX, BoE, Chancellor Olaf Scholz, Christian Lindner, Lindner's, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, Global, Fed Locations: Germany, Asia, Pacific, U.S

☆ Germany appoints new finance minister as pressure for quick snap elections mounts
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Olaf Scholz, Germany's chancellor, right, speaks with aide Joerg Kukies at the COP27 climate conference at the Sharm El Sheikh International Convention Centre in Sharm El-Sheikh, Egypt, on Monday, Nov. 7, 2022. Jörg Kukies was appointed as Germany's new finance minister on Thursday, as pressure mounts on Chancellor Olaf Scholz to call for a confidence vote and trigger snap elections after the dissolution of his ruling three-way coalition. Kukies replaces Christian Lindner, whom Scholz sacked on late Wednesday, citing the need to protect Germany from economic damage. Germany's Minister for Digital and Transport Volker Wissing — who was also a party member — said in a statement to the press that he would stay on in his role, but leave the FDP. On Thursday, Steinmeier announced that, in addition to his previous role, Wissing will also take over as justice minister.

Persons: Olaf Scholz, Germany's, Joerg Kukies, Jörg Kukies, Kukies, Christian Lindner, Scholz, Lindner, Lindner's, Frank, Walter Steinmeier, Transport Volker Wissing —, —, Steinmeier, Wissing Organizations: Sharm El Sheikh International Convention, Green, Germany's, Digital, Transport Locations: Sharm, Sharm El, Sheikh, Egypt, Germany

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