Austria's new government officially takes office - Breaking The News

Austria's new government officially takes office

3 March

1 min read

EPA-EFE/MAX SLOVENCIK

Austria appointed a new government on Monday led by the conservative People's Party (OVP) in a coalition with the Social Democratic Party (SPO), and the liberal Neos party with Christian Stocker assuming the post of chancellor.

The new government took office after a five-month-long political deadlock and after previous negotiations to form a three-party coalition between OVP, SPO, and Neos failed. The three-party coalition was formed after the leader of the Freedom Party of Austria (FPO) Herbert Kickl was unable to form a cabinet even though his party received most votes in the September 2024 legislative election.

Austria's new cabinet pledged to address the central European country's economic problems and pursue a stricter immigration policy.

ovp

Asia mixed after China's exports jump

9 May

Asia-Pacific markets were mixed on Friday after China's latest trade data showed stronger-than-expected exports despite ongoing US tariffs. According to the General Administration of Customs, exports in April rose 8.1% year-on-year, beating estimates, while imports slipped just 0.2%, less than expected. Total trade fell to $96.2 billion from $102.64 billion in March.Japan's Nikkei 225 traded 1.57% higher at 7:18 am CET. Hong Kong's Hang Seng and South Korea's...

Asia mixed ahead of China's trade data

9 May

Asia-Pacific markets traded mixed on Friday ahead of China's April trade data due later in the day. Additionally, investors are waiting to see whether Washington and Beijing manage to reach a trade deal during their upcoming trade talks in Switzerland, scheduled to begin on Saturday. Australia's S&P/ASX 200 added 0.41% at 4:03 am CET. South Korea's Kospi Composite lowered by 0.21% a minute later. Hong Kong's Hang Seng increased by 0.48% at 4:05 am...

Asia higher after Fed keeps rates unchanged

8 May

Major stock markets in the Asia-Pacific region traded with gains during the afternoon session on Thursday, in line with the Wall Street stock indexes closing higher after the United States Federal Reserve decided to keep its interest rates unchanged at yesterday's monetary policy meeting. On the other hand, Bank of Japan (BoJ) board members indicated they would consider increasing their interest rates if the economic growth and inflation meet...

Asia trades mixed after BoJ minutes

8 May

Asia-Pacific markets traded mixed on Thursday after the Bank of Japan (BoJ) announced that it would consider raising interest rates if economic growth and inflation meet their projections. South Korea's Kospi and Australia's S&P/ASX 200 traded flat at 4:15 am CET, while Hong Kong's Hang Seng rose by 0.41% at 04:16 am CET and Japan's Nikkei 225 added 0.24% at 4:17 am CET. In mainland China, the Shanghai Composite increased by 0.20% and the Shenzhen...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.