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Olaf Scholz takes over from Angela Merkel as Germany’s chancellor

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Olaf Scholz has officially been sworn in as the new Chancellor of Germany, bringing an end to Angela Merkel’s historic 16-year reign

Scholz has promised that he will work tirelessly to deliver a new start for Germany with his centre-left Social Democrats set to govern alongside the Greens and Free Democrats parties.

As Merkel left Berlin’s chancellor after an incredible 31 years in politics, she told Scholz, her former vice-chancellor, to take on the role “with joy”.

Scholz played a key role in the Merkel administration positioning himself as a stable candidate as Germany enters this next phase of its political history.

Germany’s parliament elected Scholz by 395 votes to 303 and he officially took the reigns as the ninth federal chancellor after being sworn in by Germany’s president.

All 16 ministers of Scholz’ new cabinet also took the oath of office becoming Germany’s first cabinet to include as many women as men.

Plans for Green German Future / Image: Supplied

Ambitious plans for a greener future

The new government has ambitious plans to fight climate change by phasing out coal early and focusing on renewable energy, but their initial priority will be tackling the COVID pandemic.

Health authorities have recorded another 69,601 cases in the past 24 hours and a further 527 deaths – the highest number since last winter.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Wall Street wobbles as RBA and Tesla face tests

Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.

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Global markets are unsettled by Wall Street’s downturn, inflation in Australia, and key U.S. tariff decisions.


Global markets are jittery amid a Wall Street sell-off, renewed inflation pressure in Australia, and high-stakes decisions on U.S. tariffs and Elon Musk’s Tesla pay deal.

Capital.com’s Kyle Rodda breaks down the risks and reactions shaping the week ahead.

#Markets #WallStreet #RBA #Tesla #ElonMusk #Inflation #Trade #Finance #Economy #CapitalCom


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Bitcoin crash shakes global markets

Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.

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Bitcoin’s drop below $100K triggers $45B in long-term selling, affecting global markets; insights from David Scutt on future trends.


Bitcoin’s slide below $100,000 has sent shockwaves through global markets, with $45 billion in long-term holdings sold and risk assets tumbling.

David Scutt from StoneX breaks down what’s driving the sell-off — and where markets go next.

#Bitcoin #CryptoCrash #Markets #RiskAssets #CryptoNews #FedPolicy


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Putin and Xi tighten alliance amid Western pressure

Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.

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Russia and China solidify ties with a new investment deal, increasing energy and tech cooperation amid U.S. sanctions.


Russia and China have deepened their strategic partnership, signing a new investment protection deal and expanding cooperation across energy and technology.

The move comes as U.S. sanctions on Moscow intensify.

#Russia #China #Putin #XiJinping #Trade #Sanctions #Geopolitics #Energy #Diplomacy #WorldNews


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