TL;DRThe Federal Constitutional Court has ruled that there is no speed limit for legislative processes. Legislation is therefore permitted to proceed quickly.
Global EconomyWars & MilitaryWeather & Natural DisastersHumanitarian Crises
TL;DRThe World Bank has estimated the total damage caused by the earthquake in Venezuela to be nearly 20 billion dollars. The country now faces the challenge of reconstruction while working to mitigate ongoing social and economic impacts.
TL;DRThe European Central Bank has decided to keep key interest rates in the eurozone unchanged for the time being. This decision comes despite ongoing high energy prices.
TL;DRThe 125 member states of the International Criminal Court will vote on the future of the suspended Chief Prosecutor. Allegations of abuse of power preceded this decision.
TL;DRThe coalition is planning a reform package to boost economic growth and employment, which is expected to be passed after the summer recess. The fairness of the draft laws is currently being questioned.
TL;DRFederal Interior Minister Alexander Dobrindt reportedly intends to further restrict transparency platforms, allowing state actions to remain secret. This follows a decision by the federal government's coalition committee to significantly limit the Freedom of Information Act.
TL;DRGerman Foreign Minister Wadephul has criticized US President Trump's intention not to invite South Africa to the upcoming G20 summit. This decision impacts diplomatic relations within the framework of the G20 format.
TL;DRThe European Central Bank has maintained its key interest rate at 2.25 percent. While inflation is decreasing, rising energy prices due to Middle East conflict could necessitate an interest rate hike in the autumn.