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Germany to form next government with Olaf Scholz as chancellor

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The conservative government led by Angela Merkel will be replaced by the Social Democrats

The 16-year reign of Chancellor Angela Merkel in Germany will officially come to an end… with a three-party coalition government set to take over.

Olaf Scholz will lead the government… with his Social Democrat Party going into power with both the Greens and business-minded Free Democrats.

Climate is a major part of the coalition’s plans for the nation… with the parties aiming to phase out coal use by 2030, which is eight years ahead of schedule.

Additionally, the new government will use 2 percent of German territory to develop further wind farms and also focus in on hydrogen-based electricity.

The coalition wants to see 80 percent of Germany’s electricity to be renewable and 15 million electric vehicles on the roads.

Germany is the biggest economy within the European Union… meaning decisions made by the incoming government will have widespread impacts.

In a press conference, Scholz said “the sovereignty of Europe is a cornerstone of Germany’s foreign policy”.

Scholz also highlighted Germany’s friendship with France and partnership with the U.S.

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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Latest Sydney church horror: Stabbing rocks Wakeley community

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A man has been arrested after a bishop was stabbed at Christ the Good Shepherd Church in Wakeley.

Bishop Mar Mari Emmanuel was preaching at Christ The Good Shepherd Church in Wakeley in Sydney’s west on Monday just after 7pm when a man dressed in black walked up to the altar and allegedly stabbed him multiple times.

Eyewitnesses described scenes of chaos and terror as an assailant approached the altar where Bishop Emmanuel was delivering a sermon.

Chstbrl Saliba, the Deputy Mayor of Fairfield, told Sky News that after the attack, the Bishop got to his feet, and placed his hand on the head of the assailant and began praying for him.

NSW Police said in a statement:

“A police operation is underway in Wakeley, following reports of a stabbing. Officers attached to Fairfield City Police Area Command attended a location on Welcome Street, Wakeley following reports a number of people were stabbed. Officers arrested a male and he is assisting police with inquiries.”

2GB Radio host Ben Fordham says the situation is so chaotic outside the church that police have had to use capsicum spray outside of the church. One woman has been treated.

 

Fordham says police are concerned about the volatile situation outside the church.

Without warning, the attacker unleashed a flurry of stabs, targeting the bishop and several worshippers in a frenzied assault.

Horrifying footage captured the moment of the attack, as the live broadcast on the church’s social media pages captured the unfolding tragedy.

Bishop Emmanuel’s expression of astonishment turned to one of sheer horror as he became the primary target of the assailant’s vicious blows.

NSW ambulance has confirmed at least one person has been taken to hospital.

The assault at Christ the Good Shepherd Church echoes previous instances of mass violence that have rocked Sydney in recent years, after six people were killed by a man at Bondi.

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Eisman identifies infrastructure as key investment opportunity

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Famed investor Steve Eisman, has shifted his focus to infrastructure, citing three main reasons.

 

The pandemic-induced shift towards onshore investment, the rise of AI necessitating data centre expansion, and the global push towards greener energy.

Eisman believes these trends offer a decade-long opportunity for investors, with Australia presenting ample opportunities for market participation.

Notable companies to consider for exposure include BlueScope and James Hardie Industries for building materials, Macquarie Technology and Goodman Group for data centres, and Worley, AGL Energy, and Origin Energy for electricity grid upgrades and green infrastructure.

However, Eisman cautions investors to approach utility investments carefully, considering their capital expenditure budgets in renewable energy and grid upgrades.

 

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Civil War cinema brings in the box office dollars

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Alex Garland’s film “Civil War” has made a significant impact at the box office, surpassing expectations with a $25.7 million opening weekend in North America.

Starring Kirsten Dunst, Wagner Moura, and Cailee Spaeny, the film explores a near-future scenario where California and Texas unite against a president’s authoritarian regime. Despite fictional elements, “Civil War” has sparked widespread discussion, with its themes resonating in today’s political climate. The film’s performance, coupled with positive reviews, suggests a promising trajectory in the coming weeks, bolstered by a relatively quiet release schedule.

You can catch the trailer here

 

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