Latest Olaf Scholz News

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

Jan. 30, 2025 10:42 AM EST

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany. ...

Merkel criticizes German front-runner Merz over migration vote with far-right support

Jan. 30, 2025 06:57 AM EST

BERLIN (AP) — Former German Chancellor Angela Merkel on Thursday issued rare public criticism of her successor as the country's center-right leader, the front-runner in Germany's election next month, for putting to parliament proposals for tough new migration rules that only passed with the help...