Austria’s new government, led by Chancellor Christian Stocker, has taken office after a five-month wait, forming a three-party coalition to address rising unemployment, recession, and budget issues. The coalition agreement includes strict asylum rules and marks the country’s first three-party government, uniting the Austrian People’s Party, Social Democrats, and Neos. Stocker, who was not a candidate in the previous election, now leads the government alongside Vice Chancellor Andreas Babler and Foreign Minister Beate Meinl-Reisinger, with a focus on collaboration and optimism moving forward.
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Singapore sees surge in business liquidations; figure hits 5-year high in first half of 2025
In Singapore, the number of business liquidations has surged, with 187 companies winding up in the first half of 2025, marking a significant increase from previous years. Factors contributing to this trend include cash flow issues exacerbated by rising interest rates, the end of COVID-19 support, and challenges in the food and beverage sector, leading to many businesses accruing substantial debts.https://www.youtube.com/watch?v=Dx2nnkdtKwI Want More Context? 🔎
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