German Chancellor Olaf Scholz lost a confidence vote, leading to the end of his government and triggering early elections due to economic challenges like rising energy prices, high inflation, and ailing industries. Scholz emphasized the need for public input on crucial issues facing Germany before the vote. Friedrich Merz is expected to replace Scholz, citing the chancellor’s handling of the economic crisis as a reason for the no-confidence vote and the call for early elections.
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Trump, EU’s von der Leyen to meet to clinch trade deal
European Commission President Ursula von der Leyen is meeting with US President Donald Trump to negotiate a trade deal that could impose a 15% baseline tariff on EU goods, potentially alleviating uncertainty for EU companies, while Trump considers imposing a 30% tariff on August 1. The deal may include exemptions for certain industries and commitments for increased US exports, with both sides optimistic about reaching an agreement. Want More Context? 🔎
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