Related News

Klarna is synonymous with the “buy now, pay later” trend of making a purchase and deferring payment until the end of the month or paying over interest-free monthly installments. Nikolas

Oracle CEO Safra Catz, center, speaks during a dinner at the White House in Washington on Sept. 4, 2025. President Donald Trump hosted technology and business leaders for dinner after

A next generation iPhone 17 is held during an Apple special event at Apple headquarters on September 9, 2025 in Cupertino, California. Justin Sullivan | Getty Images News | Getty

Tyler Winklevoss, chief executive officer and co-founder of Gemini Trust Co., left, and Cameron Winklevoss, president and co-founder of Gemini Trust Co., speak during the Bitcoin 2021 conference in Miami,

Apple iPhone Air rumors and what to expect Apple iPhone Air rumors and what to expect 04:04 Apple on Tuesday unveiled its latest generation of AirPods and its Apple Watch

Microsoft CEO Satya Nadella speaks at Axel Springer Neubau in Berlin on Oct. 17, 2023 Ben Kriemann | Getty Images Microsoft said on Tuesday that employees will be expected to

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

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

Austria’s 3-party govt takes office, shutting out far right

Word Count: 580 | Estimated Reading Time: 3 minutes


Austria's 3-party govt takes office, shutting out far right
New govt headed by Chancellor Christian Stocker

Vienna: Austria’s first three-party govt since the aftermath of WWII took office on Monday, ending the country’s longest-ever wait for a ruling coalition and keeping the Russia-friendly, far-right Freedom Party (FPO) out of power. Although the FPO won Sept’s parliamentary election with about 29% of the vote, the eurosceptic party failed to form a workable coalition, opening the door to a centrist alternative.
When the FPO bid crumbled, the conservative People’s Party (OVP), Social Democrats (SPO) and liberal Neos struck an alliance, overcoming their own earlier failure to do a deal. “Now it is about cooperation, it is about getting things done,” President Alexander Van der Bellen said as he swore in the new cabinet, hinting at concerns that a three-way coalition could prove fragile.
Had the latest centrist coalition effort failed, there would have been few alternatives to a snap election, which polls suggested would have increased the FPO’s share of the vote.
New govt headed by Chancellor Christian Stocker of the OVP takes office after two years of recession, and plans spending cuts and tax hikes on big business to bring Austria’s budget deficit back within EU limits and avoid disciplinary proceedings from Brussels. “There is much to do,” he said.
His govt plans stricter immigration rules as well as tougher punishment against extremism and “political Islam” following a knife attack by a Syrian refugee.
The FPO has called for snap polls and said it will pressure the govt throughout.
(This is a Reuters story)





Source link

Most Popular Articles