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☆ Far right wins close Austria election, a boost for Putin
▼ + stars: | 2024-09-29 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +4 min

Projections from ORF public television based on exit polls suggest that the pro-Russia, anti-immigration Freedom Party, or FPÖ, has finished first, with 29.1% of the vote. It appears to have knocked the ruling conservative Österreichische Volkspartei (ÖVP), or Austrian People’s Party, into second place, with 26.2% of the vote. But it has fallen far short of an absolute majority in the tight election and will need help to form a stable government. But even if the party fails to form a coalition government, the result will serve as a symbolic victory for the far right. Chancellor and ÖVP leader Karl Nehammer has so far ruled out any coalition that includes Kickl.

Persons: Österreichische, Herbert Kickl, ”, Adolf Hitler, Kickl, Vladimir Putin —, Karl Nehammer Organizations: Party, Austrian People’s Party, Social Democratic Party of Austria, ÖVP, NATO Locations: Russia, Europe, Austria, East, North Africa, Ukraine, Germany, France, Netherlands

☆ Far-right wins close Austria election, a boost for Putin
▼ + stars: | 2024-09-29 | by ( Freddie Clayton | ) www.cnbc.com time to read: +4 min

People walk past election campaign billboards showing Austrian Chancellor Karl Nehammer of the Austrian People's Party (OeVP) and Herbet Kickl of the far-right Austria Freedom Party (FPOe) on September 24, 2024 in Vienna, Austria. A far-right party founded by former Nazis appeared to have won Austria's election Sunday, in a result that could reshape Europe's political landscape and help tilt the balance of power between Russia and the West. They appear to have edged out the ruling conservative Österreichische Volkspartei (ÖVP) or Austrian People's Party, into second place with 26.2% of the vote. But even if the party fails to form a coalition government, the result will serve as a symbolic victory for the far-right. The OVP is the only party that has been open to allying with the far-right party in the past, and it remains to be scene whether they will accept the role of sidekick this time around.

Persons: Karl Nehammer, Österreichische, Herbert Kickl, Adolf Hitler, Kickl, Vladimir Putin —, Alexander Smith, Carlo Angerer Organizations: Austrian People's Party, Freedom Party, Party, Social Democratic Party of Austria, ÖVP, OVP, NATO, NBC Locations: Vienna, Austria, Russia, Europe, East, North Africa, Ukraine, Germany, France, Netherlands

☆ Austria election results: Freedom Party secures first far-right win since World War II
▼ + stars: | 2024-09-29 | by ( Story Associated Press | ) edition.cnn.com time to read: +6 min

Preliminary official results showed the Freedom Party finishing first with 29.2% of the vote and Chancellor Karl Nehammer’s Austrian People’s Party was second with 26.5%. Dutch far-right leader Geert Wilders, whose party dominates the Netherlands’ new government, congratulated the Freedom Party on social network X Sunday. Herbert Kickl, leader of the Freedom Party of Austria poses with supporters, in Vienna, Austria, Sunday, Sept. 29, 2024, after polls closed in the country's national election. The People’s Party is the far right’s only way into government, and now holds the key to forming any administration. But that looks very unlikely with the Freedom Party in first place.

Persons: Chancellor Karl Nehammer’s, Greens –, Herbert Kickl, “, Kickl, ” Kickl, ” Nehammer, ”, Geert Wilders, Alice Weidel, Heinz, Peter Bader, Christian Strache, Andreas Babler, Nehammer, Storm Boris Organizations: Freedom Party, Sunday, Chancellor Karl Nehammer’s Austrian People’s Party, Social Democrats, Greens, Rivals, Party, Russia, Sky Shield, European Union, Germany, Freedom Party of Austria, People’s, People’s Party, Nazi Locations: Austria, Ukraine, “, Germany, Brussels, Netherlands, Vienna, Russian, Europe

Though Austria is a member of the European Union, its far-right party leading the polls has strong links with Russian President Vladimir Putin — the bloc’s arch nemesis. The chairman and top candidate of the Freedom Party of Austria Herbert Kickl waves to supporters after kicking off his party's electoral campaign on September 7, 2024 in Graz, Austria. Kickl’s vision is to build “Fortress Austria” and “Fortress Europe,” as he put it during a debate on Austrian public television Thursday night. In 2016, party leader Heinz-Christian Strache signed a formal “cooperation pact” with Putin’s United Russia party. The FPÖ’s return is far from certain, currently polling at 27%, narrowly ahead of the ruling Austrian People’s Party on 25% and the Social Democratic Party of Austria on 21%, according to European polling aggregator PolitPro.

Persons: that’s, Adolf Hitler —, it’s, Vladimir Putin —, Peter Filzmaier, Kerms, Herbert Kickl, ”, Hitler, Kickl, Freedom Party of Austria Herbert Kickl, Alex Halada, Nazi ”, “, Karl Nehammer, Andreas Babler, Joe Klamar, Gabriela Bacher, Donald Trump, Heinz, Christian Strache, Karin Kneissl, Putin, Strache, Victor Orban, Bacher Organizations: Freedom Party, NATO, Ukraine, Moscow, European Union, Gratz, Freedom Party of Austria, Getty, Immigrants, “, Austrian, Nazi, Austrian People’s Party, Social Democratic Party, NBC, Trump, NBC News, Putin’s United, Social Democratic Party of Austria Locations: Austria, Russia, Europe, Graz, AFP, East, North Africa, Jerusalem, Austrian, Vienna, American, Austrian Republic, Ukraine, Putin’s United Russia, Russian, Moscow, Slovakia, Hungary, Republic

☆ Austrian far right pledges to win Sunday's election as tight race winds up
▼ + stars: | 2024-09-28 | by ( ) www.cnbc.com time to read: +1 min

Austrian Chancellor and Head of the Austrian People's Party (OeVP) Karl Nehammer (L) and chairman and top candidate of the Freedom Party of Austria (FPOe) Herbert Kickl (R) meet during their pre-election tv debate hosted by Austrian state network ORF in Vienna, Austria on September 23, 2024. The leader of Austria's far-right Freedom Party (FPO), Herbert Kickl, pledged on Friday to win this weekend's parliamentary election in what would be a historic first, even as opinion polls show the race is now too close to call. Chancellor Karl Nehammer's conservative Austrian People's Party (OVP), however, has closed the gap to within the margin of error, as the OVP sought to present him as a statesman in contrast to the often abrasive and polarizing Kickl. "This time we will be number 1," he said, underscoring the fact that it would be the first time the party founded in the 1950s had won a parliamentary election. It secured its first national victory this year when it beat the OVP by less than a percentage point in June's European election.

Persons: Karl Nehammer, Herbert Kickl, Austria's, Chancellor Karl Nehammer's, Kickl Organizations: Austrian People's Party, Freedom Party of Austria, Austrian, ORF, Party, European Union, Stephen's, OVP Locations: Austrian, Vienna, Austria, St

☆ Austria’s far-right is the frontrunner for Sunday’s elections. How did it get here?
▼ + stars: | 2024-09-28 | by ( Sophie Tanno | ) edition.cnn.com time to read: +10 min

The FPÖ is known as the grandfather of European far-right parties and pedals an anti-migrant, anti-Islam, Eurosceptic and anti-vaxx agenda. It has held power at a federal level three times, in coalition with other groupings, making it one of just a few far-right parties in Europe to have done so. AFP/Getty ImagesIts political stance changed again when Jörg Haider – the son of former Nazi party members – became leader of the party in 1986. FPÖ leader Herbert Kickl speaks to supporters ahead of European parliamentary elections on June 7. According to Reinhard, the FPÖ is more likely to form a government if it comes second than if it comes first.

Persons: –, ” Benjamin Biard, FPÖ, ” Biard, “, ”, Biard, Heinz, Christian Strache, Jörg Haider –, Haider, ’, Herbert Kickl, Taylor, “ remigration, Christian Bruna, Viktor Orban –, Vladimir Putin’s, Kickl, ” Heinisch Reinhardt, Reinhardt, Karl Nehammer, Thomas Kronsteiner, Reinhard, ” Reinhard Organizations: CNN, Party, Italian Lega, Dutch Party for Freedom, “, Getty, Nazi, Austrian People’s Party, EU, Hungary’s Fidesz, Greens, University of Salzburg, Social Democrats Locations: Austria, Europe, Brussels, Flemish, Italian, Germany, Nazi, Austrian, Salzburg, AFP, Ukraine, Vienna, Lower Austria, Russia, loggerheads, ÖVP

New York City Mayor Eric Adams will step into a Manhattan courtroom and into the history books on Friday when he is arraigned on federal corruption and bribery charges that could force him out of office. Adams is the first sitting New York City mayor to be indicted on criminal charges in the modern era. “This was a multiyear scheme to buy favor with a single New York City politician on the rise,” U.S. Attorney Damian Williams said Thursday. Adams' indictment capped two weeks of turmoil in his administration, a period during which Banks, the city’s police commissioner, and the city's top lawyer, have announced their resignations. “You could almost picture them trying to cobble this together and try to tell a story so that they could say, ‘corruption, corruption’ at a press conference,” Spiro said at a Thursday press conference.

Persons: Eric Adams, Adams, David Banks, ” Adams, ”, ensnared Adams, Damian Williams, Banks, Alexandria Ocasio, Sen, John Liu, New York — Sen, Chuck Schumer, Hakeem Jeffries, Kathy Hochul —, “, Adams ’, Alex Spiro, ” Spiro, Edward Caban, James Caban, ” Williams Organizations: York City, New York City, City, New York City Schools, New York Fire Department, Democratic, ” Prosecutors, Turkish, Adams . Police, Authorities, Queens Locations: York, Manhattan, New York City, Brooklyn, Turkish, U.S, Alexandria, Cortez, New York, India, France, China, Hungary, Ghana, Turkey, Istanbul, Washington, Adams

☆ What the Eric Adams indictment means for New York City's leadership and future
▼ + stars: | 2024-09-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, the walls are closing in on New York City Mayor Eric Adams after a federal indictment . New York City Mayor Eric Adams was indicted on five criminal counts in a corruption probe accusing him of bribery and receiving illegal campaign contributions from foreign nationals. In one case, according to the indictment, that meant a Turkish Airlines manager offering to charge Adams $50 for two business-class seats worth $15,000 . AdvertisementMessages obtained by prosecutors also show Adams promising his staffer he "always" deleted texts following a discussion of alleged Turkish bribes.

Persons: —, Eric Adams, Eric Adams Seth Wenig, Alyssa Powell, Adams, Damian Williams, Gary Hershorn, He's, Alex Spiro, Elon Musk's, Kathy Hochul, Jumaane Williams, Ali Jarekji, it's, David Tepper, Sam Altman's, Getty, Olivier Verriest, Andrei Akushevich, Tyler Le, Dan DeFrancesco, Jordan Parker Erb, Jack Sommers, Nathan Rennolds, Amanda Yen, Milan Sehmbi Organizations: Business, Service, New York City, New, Democrat, Brooklyn Borough, Southern, of, Turkish Airlines, FDNY, Reuters, Financial Times, YouTube, Snapchat, Publishers, York Film Locations: New, States, New York, Manhattan, of New York, Turkish, Ali, Saudi Arabia, China, London

☆ NYC Mayor Eric Adams charged with bribery and wire fraud in scheme spanning nearly 10 years
▼ + stars: | 2024-09-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan_Dienst_Byline.Jpg | Jonathan Dienst | ) www.nbcnews.com time to read: +6 min

New York City Mayor Eric Adams has been hit with five federal charges – including wire fraud, bribery and solicitation of a contribution by a foreign national – according to a sprawling 57-page federal indictment unsealed Thursday. Although the Bentley Suite for two nights would have cost approximately $7,000, Adams paid less than $600, the indictment says. And so, the building opened as requested by a Turkish official who had plied Adams with travel benefits and other gifts, the indictment says. In addition to the free travel and hotel rooms, Adams received illegal campaign contributions from foreign donors, including the Turkish government official, the indictment says. Adams has repeatedly said that his administration is cooperating in the investigations and he's focused on his work as mayor.

Persons: Eric Adams, Adams, ingratiate, Damian Williams, Gracie, Alexandria Ocasio, Brad Lander, Sen, John Liu, New York – Sen, Chuck Schumer, Hakeem Jeffries, Kathy Hochul –, Hochul, Edward Caban, James Caban, he's, ” Adams, “ Organizations: York City, Prosecutors, Southern, of New, Brooklyn Borough President, Regis, Bentley, York City’s, New, New York City Fire Department, FDNY, Turkish, Washington , D.C, Gracie Mansion, Wednesday, Gov, FBI, Adams . Police, Authorities, Queens Locations: York, Brooklyn, Regis Istanbul, Turkey, New York City, Turkish, Washington ,, Alexandria, Cortez, New York, Adams, Manhattan

☆ UniCredit's pursuit of Commerzbank reflects a watershed moment for Europe — and its banking union
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Kirill Kudryavtsev | Afp | Getty ImagesEuropean banking's latest takeover battle is widely regarded as a potential turning point for the region — particularly the bloc's incomplete banking union. Whatever the outcome of UniCredit's swoop on Commerzbank, Marsh said the episode marks "another huge test" for German Chancellor Olaf Scholz. What is Europe's banking union? OMFIF's Marsh said Germany's opposition to UniCredit's move on Commerzbank means Berlin "now stands accused of favouring European banking integration only on its own terms." The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.

Persons: Kirill Kudryavtsev, Italy's UniCredit, David Marsh, Marsh, Olaf Scholz, Scholz, –, Germany's Scholz, OMFIF's Marsh, UniCredit's, Daniel Roland, Onur Genç, Mario Centeno, CNBC's, —, Centeno Organizations: European Central Bank, Afp, Getty, London, European Union, CNBC, BBVA, Banco Sabadell, Reuters, European Central Bank's Governing, EU Locations: Frankfurt, Germany, Germany's, Milan, Europe, Commerzbank, Italy, Berlin, Spanish, Brussels, Spain

☆ Eric Adams to appear in court Friday: Here's a timeline of the chaos leading up to his indictment.
▼ + stars: | 2024-09-26 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +8 min

New York City Mayor Eric Adams was indicted by federal grand jury amid a corruption probe. AdvertisementNew York City Mayor Eric Adams' administration has been embroiled in turmoil for months. July 2024: Adams served grand jury subpoenasFederal prosecutors subpoenaed Adams, his election committee, and City Hall in July. Advertisement"We have not identified any evidence of illegal conduct by the mayor," Adams' attorneys said at the time. September 26, 2024: Adams indictment unsealedThe 57-page indictment against Adams was unsealed on September 26, detailing serious allegations of corruption, bribery and wire fraud.

Persons: Eric Adams, —, Adams, Brianna Suggs, Suggs, Rana Abbasova, Winnie Greco, Greco, Edward Caban, Public Safety Philip Banks III, Sheena Wright, David Banks, Caban, Lisa Zornberg, Zornberg, Thomas Donlon, Ashwin Vasan, Banks, Alexandria Ocasio, Cortez, Damian Williams, Williams Organizations: York City, Service, New York Police Department, Democrat, FBI, Agents, New York Times, Turkish Airlines, Times, City Hall, Associated Press, Public Safety, New York City Schools, New York, NYPD, Democratic New York Rep, New, Southern, of Locations: York, New York City, Brooklyn, manila, Jersey, Manhattan, Turkish, New, Alexandria, of New York

☆ The key people who resigned from Eric Adams' office ahead of the New York City Mayor's indictment
▼ + stars: | 2024-09-26 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +1 min

Eric Adams was indicted after a federal corruption probe, The New York Times first reported. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEric Adams has become the first mayor in modern New York City history to be indicted while in office. Adams was indicted following a corruption probe that led to chaos in his office and a series of resignations, The New York Times first reported on Wednesday.

Persons: Eric Adams, Adams, — Organizations: New York Times, Service, Business Locations: New York City

☆ France's biggest lender says there are 'too many' European banks as UniCredit moves on Commerzbank
▼ + stars: | 2024-09-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A sign on the exterior of a BNP Paribas SA bank branch in Paris, France, on Friday, Aug. 2, 2024. France's BNP Paribas on Thursday said there are simply too many European lenders for the region to be able to compete with rivals from the U.S. and Asia, calling for the creation of more homegrown heavyweight banking champions. Milan-based UniCredit has ratcheted up the pressure on Frankfurt-based Commerzbank in recent weeks as it seeks to become the biggest investor in Germany's second-largest lender with a 21% stake. UniCredit, which took a 9% stake in Commerzbank earlier this month, appears to have caught German authorities off guard with the potential multibillion-euro merger. Germany's position on UniCredit's swoop has prompted some to accuse Berlin of favoring European banking integration only on its own terms.

Persons: CNBC's Charlotte Reed, Lars Machenil, Germany's Commerzbank, Machenil, Olaf Scholz, Scholz, Berlin Organizations: BNP, SA, Bank of America Financials, Spain's BBVA, Banco Sabadell Locations: Paris, France, U.S, Asia, Europe, Milan, Frankfurt, Germany's

☆ Eric Adams faces pressure to resign as New York Democrats plot next moves
▼ + stars: | 2024-09-26 | by ( Gregory Krieg | ) edition.cnn.com time to read: +13 min

CNN —New York City Mayor Eric Adams, the rank-and-file transit cop who rose to the city’s most powerful office, is no longer the master of his political destiny. President Joe Biden, asked at the White House on Thursday if Adams should resign, said, “I don’t know.”What will Jeffries do? “We need Eric Adams to be successful as mayor because he is the mayor at this moment in time,” Jeffries said. “No one is above the law, including the Mayor of New York City,” Schumer said in a statement. “This is squarely about Mayor Adams’ ability to govern New York City, and for the New York City governance to be fully staffed to serve the people of New York City,” Ocasio-Cortez told reporters Wednesday afternoon on Capitol Hill before news of the indictment broke.

Persons: Eric Adams, Adams, brazenly, –, “, Damian Williams, ” Williams, ”, ” Adams, Adams ’, Ingrid Lewis, Martin, Frank Carone, Carone, Jumaane Williams, ” Carone, “ It’s Eric Adams, Kathy Hochul, Hochul, Joe Biden, Jeffries, Hakeem Jeffries, ” Jeffries, Hakeem, Laura Gillen, Anthony D’Esposito, you’re, you’ve, ” Gillen, Chuck Schumer, ” Schumer, Scott Stringer, Brad Lander, Sen, Zellnor Myrie, ” Myrie, ” Stringer, ” Lander, Alexandria Ocasio, Cortez, Mayor Adams, ” Ocasio, Bob Holden, Adams ’ White, ” Holden, Chris Banks, ” Banks, Julia Salazar, Gustavo Rivera, Jabari, Phara Souffrant Forrest, Emily Gallagher, Brooklyn, Tiffany Caban, Alexa Aviles, Sandy Nurse, Chi Osse, ” Councilwoman Vickie Paladino, Andrew Cuomo, Cuomo, “ Cuomo, “ He’s, ” Cuomo, Rich Azzopardi, hasn’t, CNN’s Gloria Pazmino Organizations: CNN, New, New York City, Democratic, New York Times, Southern, of, Gracie, White, Brooklyn Democrat, Republicans, New York Democratic, New York, Republican, Washington D.C, Yorkers, Rep, Queens, State Locations: New York, New, of New York, ”, Brooklyn, Washington, South Shore, New York City, Alexandria, City, Queens, Holden’s, Brownsville, East New York, Sens

☆ Starmer is selling Britain on gloom, and patience is wearing thin
▼ + stars: | 2024-09-25 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Protesters demonstrate outside the Labour Party conference venue in Liverpool against the withdrawal of the winter fuel allowance, on September 23, 2024. “It has felt a bit blunt,” a Labour Member of Parliament admitted after Starmer’s speech Tuesday, summing up the sentiment across much of conference. Unfortunately, the realities of governing are beginning to bite the Labour Party – and it is likely he will need to show some returns far sooner. Starmer’s speech was was light on fresh content but a heckler was calmly removed and the key messages were confidently delivered. But a premiership can only survive on doom and gloom for so long, and patience is already wearing thin among much of the wider party.

Persons: Keir Starmer, –, Ian Forsyth, Starmer, Taylor, “, Rachael Maskell, Sir Keir Starmer, Peter Byrne, Maskell, ”, Boris Johnson’s, ” –, Patience, Opinium, Sunak, ” James Crouch ,, Reeves, Rachel Reeves, heckler Organizations: Liverpool, England CNN —, Labour, Protesters, Labour Party, Labour Party –, Conservative, Public, Arsenal soccer, Wembley, CNN, ”, London, Tory, National Health Service, Organisation for Economic Co, Development, United Nations General Assembly Locations: England, Liverpool, Starmer’s, Opinium, Britain, New York, July’s

☆ German Greens leadership quits after series of election blows
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

25 September 2024, Berlin: The German Green Party leaders Omid Nouripour and Ricarda Lang resign. Photo: Fabian Sommer/dpa (Photo by Fabian Sommer/picture alliance via Getty Images)The joint leaders of the German Greens, Omid Nouripour and Ricarda Lang said they would step aside, making way for a new leadership to be elected at the next party congress. The decision comes after a series of heavy election defeats for the party, which serves in Social Democrat Chancellor Olaf Scholz's coalition.

Persons: Omid Nouripour, Ricarda Lang, Fabian Sommer, Omid, Chancellor Olaf Scholz's Organizations: German Green Party, Getty, German Greens, Social Locations: Berlin

CNN —New York City Mayor Eric Adams has been indicted on at least one federal criminal charge, multiple sources familiar with the matter tell CNN. The indictment follows a monthslong federal investigation into campaign fundraising violations and foreign influence. The mayor is expected to have several days to turn himself in, according to sources familiar with the case. New York City campaign finance records show Arkan donated $1,500. As part of their investigation, FBI agents seized Adams’ cell phones days after the raid on Suggs’ home.

Persons: Eric Adams, Adams, “, ” Adams, He’s, Edward Caban, Lisa Zornberg, Adams ’, Zornberg, David Banks, Brianna Suggs, Suggs, Erden Arkan, Arkan, Suggs ’, ”, Jumaane Williams Organizations: CNN, New, New York City, The New York Times, Mansion, City Hall, US, Southern, of, NYPD, Democratic Party, New York Police Department, KSK, FBI, Democratic, Turkish Locations: New York, New, of New York, America’s, City, Brooklyn, New York City, Manhattan, Adams ’, Turkish, Turkey, Üsküdar

☆ Caught cold by UniCredit’s swoop on Commerzbank, Germany will want to avoid a national embarrassment
▼ + stars: | 2024-09-25 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

A protestor holds a placard with a slogan reading "Stop Merger Horror" during a union demonstration outside the Commerzbank AG headquarters in Frankfurt, Germany, on Tuesday, Sept. 24, 2024. It follows UniCredit's move to take a 9% stake in Commerzbank earlier this month. watch nowScholz on Monday criticized UniCredit's decision to up the ante on Commerzbank, describing the move as an "unfriendly" and "hostile" attack, Reuters reported. Commerzbank's Deputy Chair Uwe Tschaege, meanwhile, reportedly voiced opposition to a potential takeover by UniCredit on Tuesday. The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.

Persons: it's, UniCredit, Octavio Marenzi, Opimas, CNBC's, Olaf Scholz, He's, Marenzi, Scholz, UniCredit's, Uwe Tschaege, Tschaege, Andrea Orcel, Stefan Wittman, Germany's Scholz, Craig Coben, Coben, Emanuele Cremaschi Organizations: Commerzbank, Bloomberg, Getty, CNBC, Reuters, UniCredit, BBVA, Banco Sabadell, Bank of America, AG Locations: Frankfurt, Germany, Berlin, Milan, Commerzbank, Spanish

☆ UK Prime Minister Keir Starmer says tough times are needed to spark national renewal
▼ + stars: | 2024-09-24 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Prime Minister Sir Keir Starmer during an 'In Conversation' event with Debbie Weinstein, managing Director Goole UK&I during the Labour Party Conference at the ACC Liverpool. Liverpool, ENGLAND — U.K. Prime Minister Keir Starmer insisted on Tuesday that tough decisions taken now will spark a new era for Britain, as he sought to shake a fog of pessimism that has clouded his new premiership. "Change must mean nothing less than national renewal," he told a crowd of Labour Party delegates Tuesday. Wes Streeting, minister for health and social care, said that promised improvements to the U.K.'s National Health Service (NHS) would take time to implement. We need to rebuild the economy, rebuild public services and rebuild trust in politics," he said at the conference Monday.

Persons: Sir Keir Starmer, Debbie Weinstein, Keir Starmer, Starmer, Jeremy Corbyn, Rachel Reeves, Reeves, Wes Streeting, Tulip Siddiq Organizations: Goole, Labour Party Conference, ACC Liverpool, Labour Party, Conservative, Wealth Fund, Finance, National Health Service, Treasury, Labour, CNBC, Conservative Party Locations: Liverpool, ENGLAND, Britain, England

☆ European markets set for choppy open as growth concerns return
▼ + stars: | 2024-09-24 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Tourists take pictures under the rain in front of the Eiffel Tower in Paris. LONDON — European stocks are expected to open in mixed territory Tuesday as economic uncertainty and concerns over Europe's growth outlook return to the fore. The U.K.'s FTSE index is expected to open 4 points higher at 8,253, Germany's DAX up 23 points at 18,852, France's CAC 40 up 19 points at 7,518 and Italy's FTSE MIB 16 points higher at 33,610, according to data from IG. Market participants will be keeping an eye on shares of Commerzbank Tuesday after the stock fell around 5.7% Monday after German Chancellor Olaf Scholz criticized what he described as UniCredit's "hostile" and "unfriendly" move on the bank, Reuters reported. His comments came shortly after Italy's UniCredit announced it had increased its stake in the German lender to around 21% and submitted a request to boost the holding to up to 29.9%, signaling a takeover bid might be on the cards.

Persons: Germany's DAX, Olaf Scholz, Italy's UniCredit Organizations: Eiffel, LONDON, CAC, IG, Reuters Locations: Paris

☆ German voters fend off far-right in latest state vote, early results suggest
▼ + stars: | 2024-09-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

“Dietmar Woidke and his Brandenburg SPD have made a furious comeback in recent weeks,” said SPD General Secretary Kevin Kuehnert. “For us in the federal SPD, this evening, if things go well, the problems that lie ahead of us will not have gotten any bigger. SPD party members and supporters react during the publication of exit polls in Potsdam. Provisional official results suggested it had gained 5.7 percentage points since the last Brandenburg election in 2019. With the Greens failing to re-enter Brandenburg state parliament, Woidke’s SPD cannot continue its coalition with the CDU and Greens.

Persons: Olaf Scholz’s, Scholz, “, ” Scholz, Dietmar Woidke, “ Dietmar Woidke, ”, Kevin Kuehnert, Tobias Schwarz, Woidke, Tino Chrupalla, Sahra Wagenknecht Organizations: Olaf Scholz’s Social Democrats, SPD, State, Politico, United Nations, Brandenburg SPD, ARD, ZDF, Communist, Getty, Provisional, Greens, Free Democrats, CDU Locations: Brandenburg, Germany, Berlin, New York, Ukraine, Potsdam, Russia, Thuringia, Saxony, Europe

☆ Europe could be drifting into a downturn as France and Germany fight economic and political woes
▼ + stars: | 2024-09-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

Europe could be drifting in to a downturn as its biggest economies, Germany and France, fight political and economic woes at home. In Germany, composite purchasing manager's index (PMI data) measuring business activity in both sectors, came in at XXXX, down from XXX in August. In France, meanwhile, the composite PMI fell in September to an eight-month low of 47.4 from 53.1 in August. In the euro zone as a whole, the PMI data showed a decline from XXX last month to XXX, in September. Once Europe's poster-child for growth, Germany is now likened to the "sick man" of Europe by economists.

Persons: Pariser, —, Chancellor Olaf Scholz's, J.P, Greg Fuzesi Organizations: Pariser Platz, PMI, Social Democratic Party, SPD Locations: Berlin, Germany, Europe, France, Brandenberg, Thuringia, Saxony, Morgan

☆ Britain's finance minister calls for spending discipline but no return to austerity
▼ + stars: | 2024-09-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Britain's Chancellor of the Exchequer Rachel Reeves speaks on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 23, 2024. Liverpool, ENGLAND — U.K. Finance Minister Rachel Reeves vowed on Monday that Britain will not return to austerity, but said she would make hard choices as she lays out budget proposals next month. "It will be a budget with real ambition ... a budget to deliver the change we promised. A budget to rebuild Britain," she told a crowd of Labour party delegates Monday. Reeves has suggested that taxes are likely to rise at her upcoming Oct. 30 Autumn budget after discovering a £22 billion ($29 billion) "black hole" in the public finances.

Persons: Rachel Reeves, heckles, Keir Starmer, Reeves, Jeremy Hunt Organizations: Labour Party, Finance, Labour, Conservative Party, Conservatives Locations: Liverpool, England, ENGLAND, Britain

☆ Germany dodges a second far-right win, but only just
▼ + stars: | 2024-09-23 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Germany's Social Democratic Party narrowly beat the hard-right Alternative for Germany in Brandenburg. SPD's win came after a historic loss to the far-right earlier this month. AdvertisementAfter a historic loss to the far-right earlier this month, Germany's ruling Social Democratic Party (SPD) party narrowly dodged another blow this weekend. German Chancellor Olaf Scholz's Social Democratic Party (SPD) is projected to have won the election in the state of Brandenburg, albeit by less than two percentage points. Preliminary exit polls in Brandenburg showed the SPD at 30.9%, narrowly edging out the far-right Alternative for Germany (AfD) party with 29.2%.

Persons: SPD's, —, Olaf Scholz's Organizations: Germany's Social Democratic Party, Sahra Wagenknecht Alliance, Service, Social Democratic Party, SPD, Olaf Scholz's Social Democratic Party, Business Locations: Germany, Brandenburg

☆ Far-right group that invokes Nazi past on track for more state election success in Germany
▼ + stars: | 2024-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

The AfD became the first far-right party to win a state election in Germany since World War II, in Thuringia, on Sept. 1 and just missed first place in Saxony. Hans-Christoph Berndt, the AfD candidate for Brandenburg state premier, cast his ballot on Sunday in the town of Golssen, south of Berlin, expressing optimism about his party’s prospects with increased support compared to 2019. Narrow the gapIn recent weeks, the SPD has managed to narrow the gap with the AfD, opinion polls have shown. AfD party leader Tino Chrupalla said Scholz should do the same. “It is high time this government suffer the consequences after this state election,” Chrupalla said.

Persons: Chancellor Olaf Scholz’s, Hans, Christoph Berndt, we've, ” Berndt, won’t, Scholz, Brandenburg’s, Dietmar Woidke, Woidke, pollster Forschungsgruppe Wahlen, ” Woidke, Tino Chrupalla, ” Chrupalla Organizations: Chancellor Olaf Scholz’s Social Democrats, Communist, Brandenburg, Social Democrats, SPD, Sahra Wagenknecht, Scholz’s, Free Democrats, Greens Locations: German, Brandenburg, Germany, Thuringia, Saxony, Europe, Ukraine, Scholz’s, Golssen, Berlin, Potsdam

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