-
Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform
-
Meet A7 International, an Innovative Global Platform Designed to Reinvent the International Payments Market
-
Bayern held by Viking after 'super dumb' Olise red in Champions League
-
Shakhtar hope London move a reminder of Ukraine conflict
-
Why AI makes computer worms harder to stop
-
Tresoldi hat-trick fires Brugge past Inter Milan
-
US fines Bank of America $1.2 bn for anti-money laundering violations
-
Rams axe kicker Mevis after misses cost victory over Bills: reports
-
Bayern held by Viking after Olise sees red in Champions League
-
Yamal stays cool at boiling Galatasaray to lift Barcelona to victory
-
Atletico down Carrick's struggling Man United
-
Arsenal cruise past Lille into share of Champions League lead
-
Croatia trials full driverless robotaxi service
-
Trump ousts Greece ambassador over ethics scandal
-
US stocks dip ahead of inflation data as tech sell-off hits Asia
-
Reese Witherspoon, France's Mediawan to buy Hello Sunshine
-
No lights, no friends: Cuban youth grapple with loneliness
-
Bipartisan US senators urge Trump to scrap Russian diesel deal
-
Saudi coalition strikes Yemen oil sites after Houthi attacks
-
Ex-gang leader sentenced to minimum 40 years for Tupac murder
-
French economy minister denies country caught in debt 'snowball'
-
Cornell suspends frat parties after alleged gang rape
-
Judge extends halt to Trump's golf course tree-cutting
-
Man City deserve to keep titles, says PSG's Luis Enrique
-
Milan's Saelemaekers set for lenghty spell out after ankle surgery
-
Regulator 'will resign' if any political interference in Man City case
-
Nvidia says to invest in French medical website
-
Microsoft's Brad Smith calls for 'real and effective' AI safety standards
-
Real Madrid's Mourinho has 'trust' in referees despite complaints
-
Anthropic warns of AI 'worms' spreading across smart gadgets
-
Mendis, Shanaka star in Sri Lanka consolation T20I win
-
Big US banks report strong earnings and stay bullish on AI
-
Demonstrations backing France's protesting students gather strength
-
Iraola backs Barcola, Wirtz to come good for Liverpool
-
Trump says US Senate as hard to defend as House in midterms
-
In a first, AI helps UK lawmaker find her voice in parliament
-
Suspected Russian drones hit two ships off Bulgaria, 11 missing
-
Pope Leo in Rome hospital for lung operation
-
Tech stocks slide on AI jitters
-
EU watchdog says smart glasses must give 'clear warnings' when recording
-
Trump asks Greece ambassador to resign amid ethics scandal
-
Houthis say Saudi Arabia strikes oil site in Yemen's capital
-
New White House spokeswoman heavy on Trump praise, light on questions in debut
-
France roiled by marches in support of protesting students
-
Emery urges Villa to make most of reduced home comfort
-
Goldman Sachs profits jump as CEO says no plans to exit
-
Flavio Bolsonaro visits father under house arrest ahead of Brazil runoff
-
Apple unveils HomeView smart display in renewed home push
-
France, Eq. Guinea in standoff over luxury Paris mansion
-
Novelist Thelyson Orelien denies AI use, admits plagiarism 'mistakes'
Germany's embattled Scholz paves way for early elections
German Chancellor Olaf Scholz said Wednesday amid a deep coalition crisis that he will seek a vote of confidence in January that would pave the way for early elections by March.
He spoke after firing his rebellious Finance Minister Christian Lindner in a dramatic night session at the chancellery, declaring there was no longer any "basis of trust".
Scholz said he planned to ask for a vote of confidence by January 15 so that MPs "can decide whether to clear the way for early elections" which could be held by the end of March -- six months earlier than scheduled.
He bitterly attacked Lindner's "petty political tactics" and accused him of a level of egoism that is "completely incomprehensible".
Scholz cited the re-election of Donald Trump to the White House, Germany's economic woes and the war in Ukraine as reasons for why Europe's top economy now needs political certainty.
"We now need clarity on how we can soundly finance our security and defence in the coming years without jeopardising the cohesion of the country," he said.
"With a view to the election in America, this is perhaps more urgent than ever."
Scholz fired Lindner during a crunch meeting of senior figures from all three ideologically disparate parties at the chancellery, Scholz's spokesman Steffen Hebestreit told AFP.
- 'Worst time' -
Fiscal hawk Lindner had proposed sweeping reforms to jumpstart the troubled German economy that the other two parties opposed, and had long flirted with bolting the unhappy coalition.
Lindner had repeatedly warned of "an autumn of decisions" as difficult budget talks have loomed.
With the German economy expected to shrink for the second year in a row, Lindner has demanded widespread measures, including corporate tax cuts, eased climate regulations and a reduction of social benefits.
Many of those ideas are anathema to Scholz's SPD, Germany's traditional workers' party, and the left-leaning Greens of Vice Chancellor Robert Habeck who is also economy and climate minister.
The bitter dispute has in recent weeks seen Scholz, Lindner and Habeck present contradictory economic plans and hold rival meetings with business leaders, deepening the sense of dysfunction and weakening Scholz's authority.
Habeck had warned that the US presidential election and the Ukraine and Middle East wars make this "the worst time for the government to fail".
The Green's Foreign Minister Annalena Baerbock said the turmoil in Berlin meant "this is not a good day for Germany and not a good day for Europe".
The Bild daily reported that Lindner had argued inside the tense meeting that Trump's election victory had made an economic turnaround even more urgent.
It added that Lindner had suggested that the parties jointly opt for new elections in early 2025, but that Scholz had rejected the proposal.
Amid the disarray, Scholz had for days urged pragmatism over ideology from his two junior coalition partners and told them: "If you want to, you can reach an agreement."
After congratulating Trump, he pointed to the divisive US election campaign and made a broad appeal for German unity.
"We may have different political and social views, but we live in one country," he said. "There is more that unites us than divides us."
Scholz and his mutinous coalition partners have drawn withering fire from opposition leader Friedrich Merz of the CDU, who has long demanded early elections in which polls suggest he would be the frontrunner.
"We cannot afford to argue for another year," CDU lawmaker Norbert Roettgen said after Trump's victory and before the evening crisis talks brought the political drama to a head.
"Germany is important in Europe, and if the government can't live up to that, then it must make way now."
O.Bulka--BTB