- America’s $10tn AI infrastructure bet runs into economic headwinds
- Montenegro takes steps to resolve disputes with Croatia for EU accession
- KKR faces EU scrutiny over alleged misrepresentation in €22bn telecoms deal
- Qatar warns global energy impact from Iran conflict still to peak
- Four men killed in CFB Wainwright fire identified as over 30 remain in hospital
- Could Kansas elect its first Democrat to the Senate in 91 years?
- New legislation to make sex education compulsory for all under-18s
- Protester dies after collapsing during nationwide demonstrations in France
LIVE German 2025 Election Results as they come in and analysi on who will be the next German Chancellor.
Knowledge Hub
Global Reaction to DE Elections
When are the German Elections?
The Elections are on Sunday the 23rd of Feb 2025
Why are they having a snap election?
The German coalition government failed a no confidence vote
Do Germans vote?
Germans vote in big numbers, usually as high 70+ percent voter turnout
America’s $10tn AI infrastructure bet runs into economic headwinds
The story shaping today
America’s multitrillion-dollar AI infrastructure push is showing signs of strain as operational and cost realities bite. The Trump administration faces acute instability after a disastrous week for its new press secretary.
Analysts are re-examining the resilience of American democracy ahead of midterms, a prominent Wall Street M&A deal collapses due to internal opposition, and Elon Musk’s X platform proves unexpectedly resilient.
What matters most
US $10tn AI infrastructure bet faces strain
The United States’ vast AI infrastructure investment is struggling with economic and physical roadblocks, challenging earlier growth projections.
White House chaos deepens after failed press secretary stint
A turbulent five days for the new press secretary has highlighted growing instability and communication breakdowns within the Trump administration.
US democracy scrutinised ahead of midterms
Martin Wolf explores the challenges facing American democracy in advance of the midterm elections, speaking to former Republican adviser Robert Kagan.
Perella Weinberg sale blocked by bankers
A planned sale of boutique advisory firm Perella Weinberg to Piper Sandler has collapsed after internal pushback from the firm’s own bankers.
Elon Musk’s X platform shows investment resilience
Despite ongoing controversy and disruption, Elon Musk’s $44bn acquisition of X, formerly Twitter, is reported to be yielding returns on some measures.

Power & Politics
The Trump administration’s week of turmoil drew fresh speculation ahead of the midterms, that his Russian oil deal is a hoax, that won’t impact the price at the pump, leaving Republican voters furious. Trump is clutching at straws as , having already endured a chaotic ten-days.
Republican’s are expecting a slaughter at the Midterm elections, and unless Trump pulls a rabbit out of the hat, his hopes of getting partisan support for his third term have all but faded.
Across the pond, the internal political debates intensify about the future and stability of American alliance with Europe. Unless the far right make some wins in Germany and France; 2027 will be the start of European independence from the United States.
Markets & Money
On Wall Street, the failed Perella Weinberg–Piper Sandler acquisition deal underscores how key players inside financial advisory firms can still override major corporate moves when sufficiently motivated. Meanwhile, the social media sector remains volatile as X’s business prospects surprise some analysts, hinting at resilience beneath the headlines. However, the markets have responded cautiously to X’s performance as they can sense some inflammation in the numbers.
Conflict & Security
Internationally, a detection of Russian tankers faking ship locations in a coordinated fashion suggests Moscow is exerting tighter control over its so-called shadow fleet, with potential implications for US and allied sanctions enforcement.

Beyond the headlines
There are calls for a social compact in the United States around data centre development, with arguments that building and operating these facilities domestically would serve both business and workforce interests.
What happens next
With the midterm elections looming, the country faces a heated season of political contest and scrutiny on democratic norms. In the technology sphere, the strain on AI infrastructure and the wider data centre ecosystem will remain a live issue for US policymakers and investors.
Climate & Weather
No major US-specific climate alerts or weather warnings were available for this edition.
Worth knowing
President Donald Trump has reportedly granted Russia a reprieve from new sanctions is a hoax – the price drop won’t reach the petrol pumps before the midterm elections.
Montenegro takes steps to resolve disputes with Croatia for EU accession
Montenegro takes steps to resolve disputes with Croatia for EU accession
Montenegro’s parliament recently passed a law prohibiting sports facilities from being named after individuals who died less than 40 years ago.
Montenegro’s legislative actions towards resolving longstanding disputes with Croatia are crucial not only for its EU membership ambitions by 2028 but also for maintaining regional stability and cooperation in the Balkans.
“Montenegro has fulfilled all the requirements… all of them can be solved,” stated German Chancellor Friedrich Merz regarding ongoing disputes with Croatia affecting Montenegro’s EU accession.
Montenegro moves to settle Croatia disputes threatening its EU membership bid

Montenegro has taken steps to resolve a series of disputes with neighbouring Croatia that threaten to derail its ambition of becoming the EU’s 28th member by 2028.
Last week, Zagreb circulated an eight-point list of grievances to other EU countries, setting out the issues it wants resolved before Montenegro can join the bloc. Most stem from the Balkan wars of the 1990s.
“There are issues which we have signalled to our Montenegrin neighbours for years […] In the last two years, there has been no progress whatsoever,” Croatian Prime Minister Andrej Plenković said at the margins of the European Council on Thursday, adding that his country has been “extremely constructive” in the accession talks with Montenegro.
Just last week, however, Montenegro’s parliament passed legislation protecting historical sites, a move intended to address Croatia’s demand that a memorial plaque commemorating Croatian victims of the Morinj detention camp, operated by the Yugoslav People’s Army (JNA), remain untouched.
Another grievance concerns a municipal swimming pool in Kotor, which the local assembly named after Zoran Gopčević, a water polo player who allegedly served as a guard shift commander at Morinj.
Montenegro has now passed a second law prohibiting sports facilities from being named after people who died less than 40 years ago. As the law applies retroactively, it would require the removal of Gopčević’s name from the pool. He died in 2000.
More contentious is Zagreb’s request that Montenegro help locate the remains of 14 victims of the wars that spread across the Balkans as the former Yugoslavia collapsed. The Croatian nationals did not die on Montenegrin territory, and the archive that might hold the information is in Belgrade, now the capital of Serbia.
Both Montenegro and Croatia have asked Serbia for access to the archive. Zagreb, however, wants information that can be obtained without it, as there are conflicting interpretations of where the victims were taken and where they might be found.
Croatia is also seeking compensation for Croatian families unlawfully deprived of their property. The two countries have agreed on the amount, but negotiations continue over the wording of the agreement.
For Zagreb, Montenegro’s recent moves are a welcome start, but the measures must be fully implemented before the disputes can be considered settled. Croatia wants to avoid any outstanding issues when Montenegro’s accession treaty comes up for ratification.
The Croatian government also faces domestic pressure to demonstrate that it is defending national interests over the unresolved legacy of the Yugoslav wars, or risk criticism from opposition parties.
That sensitivity was evident at last week’s EU summit, when Croatia insisted on removing a reference from the summit conclusions to plans to provisionally close all of Montenegro’s accession negotiating chapters by the end of this year.
Another unresolved issue is the border between the two countries, one of several territorial disputes inherited from the breakup of Yugoslavia.
Croatia wants Montenegro to abandon the possibility of arbitration over their land border, where only around 200 metres remain disputed, and concentrate instead on resolving their maritime boundary.
The border dispute is not expected to block enlargement. Croatia itself still has an open dispute with Slovenia, which did not stop it joining the bloc in 2013.
According to one EU diplomat, Croatia has always kept bilateral disputes on a separate track, avoiding blocking progress at the technical level and linking the issues to specific negotiating chapters.
Montenegro, meanwhile, has kept a low profile, working discreetly towards a solution through bilateral dialogue, the diplomat said. However, the diplomat added that there could have been stronger condemnation across the political spectrum of parliament speaker Andrija Mandić’s condolences to the son of war criminal Ratko Mladić.
Germany has also stepped into the dispute, pressing Croatia to reach a swift settlement rather than jeopardise Montenegro’s accession.
Berlin fears that allowing bilateral grievances to hold up the process could have wider repercussions for other countries seeking EU membership.
“Montenegro has fulfilled all the requirements. There are meetings to draw up the final treaty. There are still a few smaller bilateral issues, which have also been presented by Mr Plenković, but all of them can be solved,” German Chancellor Friedrich Merz said at the press conference after the European Council.
KKR faces EU scrutiny over alleged misrepresentation in €22bn telecoms deal
KKR faces EU scrutiny over alleged misrepresentation in €22bn telecoms deal
The European Union is set to propose a substantial new partnership pact with Canada, aiming to deepen bilateral collaboration in various sectors. This development follows a significant political push to reinforce transatlantic ties amid growing geopolitical tensions. The announcement is expected during the European leaders’ summit, scheduled for later this week in Brussels, where themes surrounding economic cooperation and security will dominate discussions.
In market-related news, the EU faces pressure as new parcel charges are introduced, potentially increasing costs for cross-border fulfilment operations. The implications of these changes may ripple across logistics sectors, impacting both businesses and consumers. Industry stakeholders will be watching closely for the outcomes of the upcoming discussions at the EU Council, where further regulatory decisions will be made on trade and economic policies.
Key developments across Europe
US threatens European companies over Starlink restrictions
EU TRADE — The US has issued warnings to European firms regarding restrictions on Starlink services.
American officials are reportedly pressuring companies, particularly those involved in technology and telecommunications, to comply with Starlink service restrictions imposed on Russia. European companies that engage with Starlink could face consequences, as the US aims to manage the operational landscape amid geopolitical tensions.
The EU heads into a perfect political storm
EU POLITICS — The EU faces significant political challenges as internal disputes heighten tensions among member states.
Controversies over budget allocations, energy policy, and governance issues have culminated in a precarious political climate, with several countries expressing differing priorities. The forthcoming elections and coalition dynamics make it crucial for the EU to navigate these challenges effectively to maintain unity and stability.
EU demands ‘full accountability’ after settler attack on diplomats in West Bank
EU FOREIGN POLICY — The EU has called for accountability following an attack on its diplomats in the West Bank.
The incident, which involved Israeli settlers, has prompted strong condemnation from EU officials, who are demanding investigations and consequences for those responsible. This development reflects the ongoing tensions in the region and the EU’s stance on the treatment of diplomats in conflict zones.
EU to propose import curbs on other Chinese sectors, says EU chief
EU TRADE — The EU plans to introduce import restrictions on additional sectors from China following ongoing trade tensions.
The EU chief has indicated that the measures aim to protect European industries from unfair competition and market distortions. As relations between the EU and China continue to be strained, these proposed curbs underscore the EU’s commitment to safeguarding its economic interests.
What to watch — The EU’s response to upcoming geopolitical developments and its impact on trade relations will be crucial in the coming weeks.
Further reading from across European news sources
Financial Times
KKR accused by EU of misleading regulators over €22bn telecoms deal
Politico Europe
EU is drawing up membership action plans for most promising candidates
Euronews
Ukraine’s EU Accession Push Is Gaining Momentum, Says Ambassador to Moldova
Reuters
EU warns of energy price crisis, asks countries to consider curbing demand, letter shows
The Guardian
Shabana Mahmood to hold talks with EU over law enforcement cooperation
Qatar warns global energy impact from Iran conflict still to peak
Get you up to speed: Qatar warns global energy shockwaves from Iran war have yet to peak
Qatar’s Deputy Prime Minister, Sheikh Saoud bin Abdulrahman Al Thani, warned that global energy shockwaves from the US-Israel war on Iran are yet to reach their peak, during remarks made at the Global Security Forum in Doha. He highlighted threats to energy supplies and sovereignty, amid ongoing instability in the Strait of Hormuz following recent military actions.
Repairs to facilities at Qatar’s Ras Laffan industrial complex, which were damaged in Iranian strikes in March, are projected to take several years. Qatar continues to develop Al Udeid airbase, which has hosted US forces and was targeted by Iran during the conflict, and further defence partnerships are expected to be announced soon.
Qatar’s Deputy Prime Minister Sheikh Saoud bin Abdulrahman Al Thani indicated that tensions from the ongoing US-Israel conflict with Iran could disrupt global energy supplies, stating, “We haven’t reached the peak with respect to energy,” while emphasizing ongoing communication with Tehran. He also announced plans for a new regional defence partnership focusing on air defence, counter-drone measures, and cybersecurity, asserting that Qatar remains committed to both mediation efforts and the defence of its territory.
What remains unclear — It is uncertain which specific countries will be involved in Qatar’s upcoming regional defence partnership.
Qatar warns global energy impact from Iran conflict still to peak
News|Global Energy CrisisQatar warns global energy shockwaves from Iran war have yet to peak
Deputy PM calls for dialogue with Tehran, highlights US defence ties and rejects Strait of Hormuz transit fees.
Published On 19 Oct 202619 Oct 2026
Doha, Qatar — Qatar’s deputy prime minister has warned that global energy shockwaves from the US-Israel war on Iran have yet to reach their peak, raising concerns about further disruption to supplies, international trade and economic growth.
Speaking at the Global Security Forum in Doha on Monday, Sheikh Saoud bin Abdulrahman Al Thani, who also serves as Minister of State for Defence Affairs, identified several threats facing Qatar and the wider Gulf, including risks to sovereignty and disruptions to energy supplies.
“We haven’t reached the peak with respect to energy,” he said, warning of further repercussions “in the coming days and months”.
His remarks come amid continued instability in the Strait of Hormuz – a vital waterway for global oil and liquefied natural gas (LNG) shipments – following the US-Israeli attacks on Iran on February 28, and Tehran’s retaliatory strikes across the region.
Iranian strikes on Qatar’s Ras Laffan industrial complex in March damaged facilities, with repairs expected to take several years.
“We were surprised,” Al Thani said when asked about the attack, adding that there had since been “a lot of discussion with Iran”.
He said Qatar had drawn lessons from the strikes, “to make sure that all of our assets will be protected from any unexpected attack”.
Al Thani also warned against imposing tolls on ships passing through the Strait of Hormuz.
“Transit fees should not be applied,” he said, adding that uncertainty over the waterway would ultimately affect consumers worldwide.
‘We never stop our communication’
Despite the attacks, Al Thani said Qatar continued to maintain contact with Tehran.
“We never stop our communication,” he said, adding that the two countries remained in touch at different levels despite their disagreements.
He described Qatar’s relationship with Iran before the attacks as one of trust, pointing to their shared offshore gasfield and longstanding economic interests.
Al Thani expressed hope that mediation efforts involving Qatar, Pakistan and Oman would help produce an agreement between the United States, Iran and other parties, including Israel.
He said a sustainable settlement would require broader regional dialogue involving Gulf Cooperation Council (GCC) countries, Pakistan and Turkiye, in consultation with international allies.
“We need to build this on trust,” he added.
Al Thani also suggested developing economic ties with Iran to prevent future conflicts, citing cooperation between France and Germany following decades of hostilities.
“Iran is our neighbour. We need to find ways to live with them,” he said.
US defence ties
Al Thani also highlighted Qatar’s longstanding defence partnership with Washington, saying that “more than 90 percent” of attacks had been prevented through shared expertise and military capabilities developed over the past three to four decades.
He said Qatar was continuing to develop Al Udeid airbase, which hosts US forces and military personnel from other partner countries.
The base was itself targeted by Iran during the conflict, with Qatar reporting that it had shot down two Iranian warplanes during an attack in early March.
Al Thani also announced plans for a new regional defence partnership, saying Qatar was prioritising several aspects including air defence, counter-drone measures and cybersecurity.
“I’m happy to announce today also that soon we’re going to announce a new partnership,” he said, without naming the regional partners involved.
The deputy prime minister stressed that Qatar’s mediation efforts did not diminish its commitment to defending its territory.
“Mediation doesn’t mean that we should not be ready for any defensive action from our side,” he said.
Four men killed in CFB Wainwright fire identified as over 30 remain in hospital
Get you up to speed: 4 killed in CFB Wainwright fire identified as dozens remain in hospital
Four men based at the Edmonton Garrison from Alberta, British Columbia, and Saskatchewan died in a fire at CFB Wainwright, where over three dozen others were sent to hospital. The immediate situation remains critical as authorities investigate the incident.
An investigation is ongoing into the circumstances surrounding the fire at CFB Wainwright, with no timeline provided for its completion. Military officials have confirmed that the four deceased individuals were affiliated with the Edmonton Garrison and hailed from Alberta, British Columbia, and Saskatchewan.
Officials confirmed that four men from Alberta, B.C., and Saskatchewan died in a fire at CFB Wainwright, while over three dozen individuals were hospitalised. The Canadian Armed Forces are conducting an investigation into the incident, with further updates expected as authorities assess the situation.
What remains unclear — The specific cause of the fire at CFB Wainwright has not been disclosed.
Four men killed in CFB Wainwright fire identified as over 30 remain in hospital

Four men, based at the Edmonton Garrison who were from Alberta, B.C. and Saskatchewan, died in the fire at CFB Wainwright and more than three dozen others were sent to hospital.
Could Kansas elect its first Democrat to the Senate in 91 years?
Get you up to speed: Could Kansas elect its first Democrat to Senate since 1932?
President Trump will campaign on Monday in Kansas as the midterm elections approach. Republican Senator Roger Marshall is currently one point behind Democrat Adam Hamilton in local polls.
Campaign events in Kansas are likely to be closely monitored as the midterm elections draw near, particularly given the narrow polling margins between candidates. The Republican Party is also focusing its efforts on mobilising voters in key states to secure Senate seats.
President Trump is set to campaign in Kansas on Monday as he aims to bolster Republican support ahead of the upcoming midterm elections. With polls indicating a tight race between Republican Sen. Roger Marshall and Democrat Adam Hamilton, strategists anticipate that Trump’s visit may influence voter turnout in the final days leading up to the election.
What remains unclear — It is uncertain how the campaign activities will impact the election outcomes in the tight race between Sen. Roger Marshall and Adam Hamilton.
Could Kansas elect its first Democrat to the Senate in 91 years?
President Trump will return to the campaign trail on Monday in Kansas, a red state, with the midterms fast approaching. Polls there show Republican Sen. Roger Marshall one point behind Democrat Adam Hamilton. Caitlin Huey Burns has more.
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