Friday, August 15, 2025

Creating liberating content

Asian stock markets showed a mixed performance on Friday, with

Japan recorded modest economic growth in the April–June quarter, overcoming

Related News

Asian stock markets showed a mixed performance on Friday, with strong Japanese growth figures offset by weaker Chinese data, while oil prices slipped ahead of a high-stakes US-Russia summit on

Marking the 79th Independence Day, Prime Minister Narendra Modi called on India’s scientific and engineering talent to take the lead in designing and building jet engines for the country’s own

Prime Minister Narendra Modi on Friday used his 79th Independence Day address from the Red Fort to underline India’s renewed focus on semiconductor manufacturing, while pointing to decades of missed

Japan recorded modest economic growth in the April–June quarter, overcoming the pressure of steep US tariffs, official figures showed on Friday. Preliminary data from the Cabinet Office indicated that gross

The Applied Materials logo on Dec. 17, 2024. Nurphoto | Nurphoto | Getty Images Applied Materials shares sank more than 10% in extended trading Thursday as the semiconductor equipment company

Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg |

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

Austrian parties reach deal to form government without far right

Word Count: 714 | Estimated Reading Time: 4 minutes


Austrian parties reach deal to form government without far right
Likely new chancellor, Christian Stocker from the People’s Party

BERLIN: Three mainstream political parties in Austria said Thursday that they had reached an agreement to form a new government that excludes the far right, ending five months of roller-coaster negotiations after an election last fall.
It was an improbable comeback for a diverse political coalition that was tripped up by policy infighting when it tried and failed to form a government earlier this year.
And it was a bitter setback for the Freedom Party, which finished first in last year’s elections on the strength of an anti-establishment, anti-immigrant campaign and was briefly on the cusp of giving Austria its first far-right chancellor in the postwar era. No party came near winning a majority of votes or seats in parliament.
The likely new chancellor, Christian Stocker, will instead come from the center-right party that has led the nation for most of the last seven years: the People’s Party, which finished second in the September elections, as voters punished it for a string of corruption scandals that mostly occurred years ago.
Stocker is set to lead the first three-party coalition in an Austrian government, alongside the Austrian Social Democrats and the centrist NEOS party. The coalition will announce ministerial appointments Friday.
The announcement freezes out the Freedom Party, founded by former Nazi soldiers in the 1950s, which failed in its own attempt to form a government earlier this year.
The new government will start on thin ice. The Freedom Party has only grown more popular since last fall and is now backed by a third of the country.
Polls show Austrians remain frustrated about an economy that has spent the last two years in recession and worried about immigration to the country, particularly from predominantly Muslim countries. The Freedom Party made both a central issue in its last campaign, promising widespread deportations and a ban on political forms of Islam.
In a nod to those issues, the new government said it would toughen its stance on migration by not allowing asylum-seekers to bring their families, while banning headscarves for girls younger than 18.
“We are honest: These are going to be hard years, two hard years,” said Beate Meinl-Reisinger, the head of NEOS. “We are in a difficult economic situation; we are in a difficult budgetary situation,” she said.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account