top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


27 Sept 2021

Germany’s Social Democrats Party May Form Alliance with Greens and FDP

The Index Today

Germany’s Social Democrats are set to begin the process of forming a new government after winning their first national election since 2005. The new party will bring an end to the 16 years of conservative rule led by former chancellor of Germany, Angela Merkel.
According to provisional results report, Centre-left Social Democrats won 25.7% whereas Merkel’s CDU/CSU group won 24.1%. On the other hand, the Greens won with 14.8% votes and the liberal Free Democrats won 11.5%.
SPD Chancellor, Olaf Scholz has said he may strike a coalition deal despite coming in second. Angela Merkel is expected to remain in charge during coalition negotiations starting on Monday. SPD is expected to form a three-way alliance with other parties Greens and FDP to secure a majority in the parliament. However, both parties may choose to form an alliance with the conservatives.
Angela Merkel has been in office since 2005 and has represented the nation on the global stage. Neighboring European states may have to wait for months before seeing a new government formation and how it will address foreign issues. If the Social Democrats manage to secure an alliance with Greens, a new foreign minister may be appointed as the group previously did through a two-way alliance.

©Photo: Sky News

Clay pottery with table linens
bottom of page