Exit Angela, enter omicron. Social Democrat Olaf Scholz will officially take over this week as German Chancellor, leading a coalition with the Greens and the business-friendly Free Democrats. His government has already laid out plans to accelerate Germany's transition to carbon neutrality, to bolster European sovereignty in the face of rising challenges from Russia and China, and to rein in fiscal spending – not only in Germany but across Europe – as the pandemic recedes. But one immediate challenge is that the pandemic isn't actually receding yet. Scholz will take office just as cases are surging. The current 7-day average of new cases in Germany is more than twice as high as the previous peak which was a year ago, before vaccines were rolled out. With the evidently more transmissible omicron variant already spreading, Scholz has said he favors making vaccines obligatory, even as blowback against mandates has been rising in Europe.
More from GZERO Media
In this episode of GZERO AI, Taylor Owen, host of the Machines Like Us podcast, reflects on the five broad worries of the implication of the US election on artificial intelligence.
Russia has conducted as many as 1,500 strikes on targets in Ukraine in the past two days, according to Kyiv. Ukraine, meanwhile, reportedly launched a fresh volley of US-made long-range ATACMS missiles at Russia, while claiming also to have struck a Russian oil depot with drones.
Special Counsel Jack Smith filed motions on Monday to dismiss both the election interference and classified documents cases against President-elect Donald Trump.
Amazon workers around the globe are planning to protest or strike on Black Friday and Cyber Monday – the two busiest shopping days of the year.
While many investors took a ‘wait-and-see’ approach in the lead up to the election, as the results sets in, investors and businesses are evaluating how recent political shifts will impact market conditions and capital flows in the months ahead. With the election now behind us, will the next administration drive a transaction revival and support new investment opportunities? Analyze election impacts to markets and industries with insights from leading experts on the issues that matter most with Beyond the Ballot, brought to you by RBC Capital Markets.
It's the start of the holiday season. Here's a crossword to celebrate.
There are growing signs that a truce between Israel and Hezbollah – which the US has been pushing hard for – could be imminent.
Ian Bremmer's Quick Take: As the Russian-Ukraine war escalates, the United States and the United Kingdom and France have all given permission after months of foot dragging for the Ukrainians to use their missiles, these missiles provided by the NATO allies, to target military targets inside the Russian Federation.
Prime Minister Narendra Modi and his party scored a big political win over the weekend.