Tech billionaire Elon Musk’s support for Germany’s AfD in a guest opinion article for Welt am Sonntag led to the resignation of the commentary editor, Eva Marie Kogel. Musk argued that the AfD is not right-wing extremist, citing the party’s leader Alice Weidel’s personal life. Following Chancellor Olaf Scholz’s coalition collapse, Germany is set for a snap election on February 23, 2025, with the AfD nominating Alice Weidel as their chancellor candidate for the first time.
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Bank of England’s top economist dismisses hopes of big interest rates cuts in further blow to Rachel Reeves
Rachel Reeves faced setbacks in her efforts to boost economic growth as the Bank of England downplayed the possibility of a significant interest rate cut, opting for a more cautious approach. Chief economist Huw Pill's comments came after the bank halved its growth forecast and warned of higher inflation and increased unemployment due to rising taxes and minimum wage. Reeves' future as chancellor is in question, with the Bank highlighting unexpected pay growth as a...
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