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Gilts rally after Starmer says Reeves will remain as chancellor for ‘a long time’

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UK government bonds rallied on Thursday after Sir Keir Starmer said Rachel Reeves would be chancellor for a “very long time”, allaying investor fears over her position. The prime minister made the promise after he … Read more

Germany’s Merz elected chancellor in second parliamentary vote after unexpected setback

The leader of Germany’s Christian Democratic Union (CDU) and designated chancellor Friedrich Merz looks on during a session at the Bundestag (lower house of parliament) in Berlin on May 6, 2025 before a vote to elect the country’s next chancellor. Tobias Schwarz | Afp | Getty Images Friedrich Merz was elected as Germany’s chancellor in … Read more

Germany’s Merz fails to be elected chancellor in shock first-round parliamentary vote

Friedrich Merz, designated Federal Chancellor (CDU), is pictured during the signing of the coalition agreement between the SPD, CDU, and CSU on May 05, 2025 in Berlin, Germany. Florian Gaertner | Photothek | Getty Images Friedrich Merz failed to get the majority needed to become German chancellor in a parliamentary vote Tuesday. Merz needed at … Read more

Incoming German Chancellor Merz vows reforms and investments

Friedrich Merz, leader of the Christian Democratic Union (CDU), signs the coalition contract between the CDU, the CDU’S Bavarian sister party, the Christian Social Union (CSU), and the German Social Democrats (SPD) on May 05, 2025 in Berlin, Germany. Maja Hitij | Getty Images News | Getty Images Incoming German Chancellor Friedrich Merz on Monday … Read more

Lars Klingbeil to become German vice chancellor, finance minister: SDP

Federal SPD Chairman Lars Klingbeil speaks in Trier. Photo by Harald Tittel/picture alliance via Getty Images The Social Democratic Party’s Lars Klingbeil has been tapped to become Germany’s next finance minister in the incoming centrist coalition government, replacing Joerg Kukies, the party announced. Klingbeil has also been selected to assume the vice chancellor position. “The … Read more

EU will respond firmly to US tariffs but still open to ‘compromise,’ German chancellor says

German Chancellor Olaf Scholz on Sunday said the EU would respond firmly to tariffs announced by US President Donald Trump but stressed the bloc was also open to compromise. “It is clear that we, as the European Union… will react clearly and decisively to the United States’ tariff policy,” Scholz said ahead of the opening … Read more

UK chancellor to propose spending cuts to fix worsening public finances

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Chancellor Rachel Reeves will this week submit plans to Britain’s official forecaster for billions of pounds of spending cuts, with a focus on slashing the welfare bill to shore up the country’s weak public finances. … Read more

Who is Friedrich Merz, the favorite to become Germany’s new chancellor?

Friedrich Merz, Union candidate for chancellor and CDU federal chairman, joins the “Quadrell” TV round in the Bundestag election campaign. Michael Kappeler | Picture Alliance | Getty Images Friedrich Merz, migration hardliner and longtime rival of Angela Merkel, is expected to become Germany’s next chancellor. His party the Christian Democratic Union is leading polls alongside … Read more

Austrian chancellor resigns as efforts to exclude far right collapse

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Austrian chancellor Karl Nehammer has announced his resignation after the collapse of months-long efforts to forge a centrist coalition that excluded the far-right. The country faces the possibility of fresh elections after the failure to … Read more

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