German ex-minister Lindner to quit politics if liberals fall short
Initial election results showed Lindner's party suffering deep losses, and appeared on track to fall below the 5% threshold needed to take seats in the Bundestag, the lower house of German parliament.
In the 2021 Bundestag election, the FDP won 11.5% of the vote. But the party's popularity suffered badly during their time as junior partner in Chancellor Olaf Scholz's three-party coalition.
The coalition broke apart after Scholz sacked Lindner in early November, after months of bitter disagreements over economic policy and budget matters.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Boston Globe
3 hours ago
- Boston Globe
Today in History: Neil Armstrong and Edwin Aldrin walk on the moon
In 1775, 250 years ago, Major Joseph Vose of Milton led about 400 soldiers and rowers on a raid on Boston Light, which was held by British troops. The patriots stripped the lighthouse of furniture and the island of gunpowder and set afire the lighthouse. This was the latest in a series of raids -- including off Cape Ann -- destroying light houses and other navigation aids thought to benefit the British. Vose's forces also stripped the Nantasket Peninsula of grains. In 1917, America's World War I draft lottery began as Secretary of War Newton Baker, wearing a blindfold, reached into a glass bowl and pulled out a capsule containing the number 258 during a ceremony inside the Senate office building. Advertisement In 1944, an attempt by a group of German officials to assassinate Adolf Hitler with a bomb failed as the explosion only wounded the Nazi leader. In 1951, Jordan's King Abdullah I was assassinated in Jerusalem by a Palestinian gunman who was shot dead by security. In 1969, astronauts Neil Armstrong and Edwin 'Buzz' Aldrin became the first men to walk on the moon after reaching its surface in their Apollo 11 lunar module. In 1976, America's Viking 1 robot spacecraft made a successful, first-ever landing on Mars. In 1977, a flash flood hit Johnstown, Pa., killing more than 80 people and causing $350 million worth of damage. In 1990, Supreme Court Justice William J. Brennan, one of the court's most liberal voices, announced he was stepping down. In 1993, White House deputy counsel Vincent Foster Jr., 48, was found shot to death in a park near Washington, D.C.; it was ruled a suicide. In 2006, the Senate voted 98-0 to renew the landmark 1965 Voting Rights Act for another quarter-century. In 2007, President George W. Bush signed an executive order prohibiting cruel and inhuman treatment, including humiliation or denigration of religious beliefs, in the detention and interrogation of terrorism suspects. In 2012, gunman James Holmes opened fire inside a crowded movie theater in Aurora, Colorado, during a midnight showing of 'The Dark Knight Rises,' killing 12 people and wounding 70 others. (Holmes was later convicted of murder and attempted murder, and sentenced to life in prison without the possibility of parole.) In 2015, the United States and Cuba restored full diplomatic relations after more than five decades of frosty relations rooted in the Cold War. Advertisement
Chicago Tribune
4 hours ago
- Chicago Tribune
Today in History: Neil Armstrong and Edwin Aldrin walk on the moon
Today is Sunday, July 20, the 201st day of 2025. There are 164 days left in the year. Today in History: On July 20, 1969, astronauts Neil Armstrong and Edwin 'Buzz' Aldrin became the first men to walk on the moon after reaching its surface in their Apollo 11 lunar module. Also on this date: In 1917, America's World War I draft lottery began as Secretary of War Newton Baker, wearing a blindfold, reached into a glass bowl and pulled out a capsule containing the number 258 during a ceremony inside the Senate office building. In 1944, an attempt by a group of German officials to assassinate Adolf Hitler with a bomb failed as the explosion only wounded the Nazi leader. In 1951, Jordan's King Abdullah I was assassinated in Jerusalem by a Palestinian gunman who was shot dead on the spot by security. In 1976, America's Viking 1 robot spacecraft made a successful, first-ever landing on Mars. In 1977, a flash flood hit Johnstown, Pennsylvania, killing more than 80 people and causing $350 million worth of damage. In 1990, Supreme Court Justice William J. Brennan, one of the court's most liberal voices, announced he was stepping down. In 1993, White House deputy counsel Vincent Foster Jr., 48, was found shot to death in a park near Washington, D.C.; it was ruled a suicide. In 2006, the Senate voted 98-0 to renew the landmark 1965 Voting Rights Act for another quarter-century. In 2007, President George W. Bush signed an executive order prohibiting cruel and inhuman treatment, including humiliation or denigration of religious beliefs, in the detention and interrogation of terrorism suspects. In 2012, gunman James Holmes opened fire inside a crowded movie theater in Aurora, Colorado, during a midnight showing of 'The Dark Knight Rises,' killing 12 people and wounding 70 others. (Holmes was later convicted of murder and attempted murder, and sentenced to life in prison without the possibility of parole.) In 2015, the United States and Cuba restored full diplomatic relations after more than five decades of frosty relations rooted in the Cold War. Today's Birthdays: Former Sen. Barbara A. Mikulski, D-Md., is 89. Baseball Hall of Famer Tony Oliva is 87. Artist Judy Chicago is 86. Country singer T.G. Sheppard is 81. Singer Kim Carnes is 80. Rock musician Carlos Santana is 78. Author and commentator Thomas Friedman is 72. Rock musician Paul Cook (Sex Pistols) is 69. Actor Frank Whaley is 62. Conservationist and TV personality Terri Irwin is 61. Rock musician Stone Gossard (Pearl Jam) is 59. Actor Josh Holloway (TV: 'Lost') is 56. Singer Vitamin C is 56. Actor Sandra Oh is 54. Hockey Hall of Famer Peter Forsberg is 52. Actor Omar Epps is 52. Basketball Hall of Famer Ray Allen is 50. Hockey Hall of Famer Pavel Datsyuk is 47. Supermodel Gisele Bundchen is 45. Actor Percy Daggs III is 43. Actor John Francis Daley is 40. Dancer-singer-actor Julianne Hough is 37. Former MLB pitcher Stephen Strasburg is 37.
CNBC
7 hours ago
- CNBC
Global week ahead: Banking bellwethers and a tariffs waiting game
Next week, the CNBC teams are back on the road – and it's all about the banks and the ECB. From Frankfurt to Milan, and Paris to London, the financials are in focus. The markets seem to be banking on the financial sector to keep up the positive earnings momentum this quarter. Citi described the first quarter as "remarkably resilient," with analysts now expecting Stoxx 600 earnings-per-share growth to turn positive year-on-year this quarter. Much of that optimism is centered on the big banks, while other sectors like luxury, autos and energy have been plagued by earnings downgrades. Unicredit kicks things off on Wednesday. The Italian banking giant will try to keep investors focused on the numbers, rather than its M&A ambitions. While its moves around Commerzbank have seen it increase its equity stake to 20%, Saxo Bank analysts highlight the uncertainty around its potential takeover of Banco BPM, after an Italian court blocked the move until further conditions are met. The stock is up over 50% so far this year, providing some cheer for CEO Andrea Orcel as he battles to keep his expansion plans on track. French financial BNP Paribas — the euro zone's largest lender by assets — reports earnings on Thursday. Last quarter, the bank soared past expectations driven by performance at its investment bank, but revised its profitability target slightly lower. On the same day, attention will turn to Frankfurt for Deutsche Bank's latest set of numbers. The German lender logged its best profit in 14 years last quarter, benefiting from increased trading volumes around the market volatility. CEO Christian Sewing told CNBC in June that he sees an opportunity for Europe to invest more in its own defense sector as a key growth area. For macro-watchers, the highlight of the week in Europe will come from the European Central Bank. President Christine Lagarde and her fellow policymakers are expected to keep rates on hold at 2% on Thursday. But there is a BIG catch… U.S. President Donald Trump's tariff threats are not expected to derail this meeting's outcome, according to Reuters, citing five ECB governing council member sources. But if Trump does push ahead with 30% tariffs on EU imports, there is a broad assumption the ECB will cut rates in response. Investors will have until Sept. 11 to assess the impact, as the ECB breaks for the summer after this week's meeting. In terms of the underlying economic conditions, Deutsche Bank warns that European inflation risks are "still being underestimated, with a remarkable complacency across key assets," with the tariff impact yet to fully trickle through. The bank's macro strategist also told CNBC's Squawk Box Europe that the Aug. 1 tariff deadline for negotiations between the U.S. and EU sets the stage for a late outcome to trigger a "very sharp market reaction."
