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US President Donald Trump proposed renaming the state of New Mexico to "New America" on his platform Truth Social. Governor Michelle Lujan Grisham rejected the proposal, calling it a distraction.
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China is providing 46.1 billion Euros to state banks and insurers to strengthen their balance sheets. The funds aim to improve lending capacity and the ability to support the economy.
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Russians are spending more on food as non-food expenditures decrease. This trend is evident in rising food spending shares at shopping centers and among city dwellers, while demand in areas like beauty, health, and electronics is declining.
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Following the state election in Saxony-Anhalt, leading CDU politicians have ruled out a debate about party leader Friedrich Merz. They instead call for an acceleration of the federal government's reform course. SPD politicians criticized the course and Merz's rhetoric.
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The AfD narrowly missed an absolute majority in the state election in Saxony-Anhalt but is expected to govern. An AfD government could influence administration and justice, roll back equality policies, and alter economic and climate policies.
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Turkey has raised its inflation forecast for the end of the year to 28.4%. The Middle East war is cited as the main reason for the adjustment, with estimated impacts of around seven percentage points on inflation.
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Following the state election in Saxony-Anhalt, the AfD received the most votes but not an absolute majority. Government formation is complicated as other parties rule out coalitions with the AfD. There is no legal deadline for electing a new state premier.
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The state election in Saxony-Anhalt has led to calls for Chancellor Friedrich Merz to resign. Strategic voters supported the SPD and Greens, while the AfD benefited from former non-voters. The Sahra Wagenknecht Alliance (BSW) established itself as a political factor despite internal disputes.
Political PartiesParliament & LegislationGovernment
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Amira Mohamed Ali of the BSW proposes a non-partisan state premier who would govern with shifting majorities. This is intended to bridge the gap between parties and voters.
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Following the state election in Saxony-Anhalt, the SPD leadership announced corrections to the federal government's reform course. Dissatisfaction with policies on pensions, care, and the federal budget was cited, particularly the planned abolition of penalty-free retirement after 45 contribution years.
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