Top economic and political news from the Dow Jones Newswires weekend program.
The CDU wins the state elections in North Rhine-Westphalia, clearly ahead of the SPD and the Greens
The CDU achieved a clear victory in the national elections in North Rhine-Westphalia. As announced by the state elections board on Monday night in Dsseldorf, Prime Minister Hendrik Wst’s Christian Democrats received 35.7% of the vote, an improvement of 2.8 percentage points from 2017. It ended well ahead of rival Thomas Kutschata’s Social Democrats, who lost 4 , 6 points to a record low of 26.7%. According to the preliminary official end result, the Greens around top candidate Mona Neubaur came in third with a record 18.2 percent and were able to almost triple their result with an increase of 11.8 points. The FDP fell by 6.7 points to 5.9%.
Finland officially decides to apply for NATO membership
Finland has officially decided to apply for NATO membership. President Sauli Niinist and Prime Minister Sanna Marin announced that the head of state and the government’s foreign policy committee had agreed on the membership application on Sunday after consulting parliament on the matter. Niinist and Marin spoke of the “historical day” and the “new era”.
The Swedish ruling party votes in favor of NATO membership
The ruling Social Democrats in Sweden have opted for the country’s accession to NATO. The ruling party announced this in a statement following a special meeting of the party leadership on Sunday. This is another important step on the way to Sweden’s admission to a military alliance, and neighboring Finland is also getting ready to join NATO.
Poland announces an agreement with the EU in the dispute over the reform of the judiciary
Poland announced an agreement with the EU in a long-standing dispute over judicial reforms and the release of the European crown aid funds. Polish government spokesman Piotr Mller announced on Friday evening that an aid package for Poland worth around EUR 35 billion may soon be “formally approved”. “At the moment, we are waiting for the final step of the European Commission.”
The European Commission wants to reduce gas prices if necessary – newspaper
In the event of a complete failure of Russian gas supplies, the European Commission wants to reduce prices for consumers, if necessary. In this case, it proposes that Member States introduce a price cap for natural gas (“EU price cap”). The relevant Commission document on “short-term interventions in the energy market” is available to WELT AM SONNTAG. Even before there is an acute shortage, EU member states should be able to “regulate consumer prices during the transition period,” he says.
Study: The global automotive market will reach a 10-year minimum in 2022.
Cars are expected to become even more expensive and rarer this year. Due to numerous production stoppages, expert Ferdinand Dudenhffer from Center Automotive Research (CAR) in Duisburg expects sales in the global automotive market to fall even below 2012 levels this year. According to his forecast, which is available to the world on Sunday, only 67.6 million cars will be sold worldwide in 2022 – this would be a decrease of 5.3%. compared to the previous year.
Vote in Switzerland in a referendum in favor of a new film law
In the referendum, the Swiss voted for the financial participation of streaming platforms such as Netflix in Swiss films and series, and for a quota for European productions. According to forecasts by the opinion research institute gfs.bern, a majority of 58 percent. voted in favor of a law called the ‘Lex Neflix’ on Sunday. In this way, the Swiss approved the reform of the film law passed by parliament in October.
According to forecasts, the Swiss will vote to participate in the expansion of Frontex
Switzerland can participate in the development of the EU border protection agency Frontex. In Sunday’s referendum, the majority voted in favor of the country’s participation in the financial and personnel expansion of power decided by the EU, according to forecasts by the opinion research institute gfs.bern.
Austrian Chancellor Nehammer elected vice president with a 100% result
Austrian Chancellor Karl Nehammer was elected the new chairman of his conservative Austrian People’s Party (VP) with a 100 percent result. At the party conference in Graz on Saturday, all 524 delegate votes went to the 49-year-old, the APA news agency reported. Nehammer accepted the election “with pride and gratitude.”
An alleged racist shoots ten people in upstate New York
Apparently, for racist motives, the white attacker shot ten people in the US state of New York and injured three – almost all victims are black. According to police, the 18-year-old shot people outside a Buffalo supermarket and broadcast his act of violence live on the Internet. A heavily armed man, wearing a bulletproof vest and helmet, was arrested after the murder.
The Lebanese called for a vote for the new parliament
In the midst of the worst crisis in decades, the people of Lebanon are called on Sunday to vote for the new parliament. Polling stations for 3.9 million Lebanese eligible to vote opened at 07:00 (06:00 CEST). The results are expected on Monday. Despite great discontent among the population, it is becoming clear that the Shiite Hezbollah party, Lebanon’s greatest political and military force, and its allies will once again be the strongest force in parliament.
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DJG / DJN / AFP / mgo
(END) Dow Jones Newswires
May 16, 2022 00:30 ET (4:30 PM GMT)