Romanian Prime Minister Marcel Ciolacu has resigned as leader of the Social Democrats after failing to advance to the presidential election’s second round but will remain prime minister until Dec. 1 parliamentary elections. Far-right candidate Calin Georgescu emerged as the frontrunner with 22.94% of votes, challenging Romania’s pro-Western stance by advocating for neutrality and criticizing NATO and the EU. Financial markets have reacted negatively to the election outcome, raising concerns about the country’s future policies and international commitments.
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German Co, eyeing P75I contract, offers to make submarines in India
Thyssenkrupp Marine Systems (TKMS) is proposing the establishment of a global submarine and warship building hub in India to meet the rising demand for naval assets, aiming to produce platforms at lower costs for exports. TKMS is competing with L&T-Navantia to supply new submarines to the Indian Navy, with a decision expected soon. TKMS CEO Oliver Burkhard sees this initiative as an opportunity to create more jobs and develop future technologies in partnership with India....
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