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Weekly Summaries

22nd of November – 28th of November

Germany’s new government

Two months after elections took place at the end of September, the German parties Social Democrats, Greens, and Free Democrats announced last week that they have concluded their coalition talks. The leader of the Social Democrats party, Olaf Scholz, is expected to take over as chancellor from Angela Merkel. This means that Germany may finally have a new government. Some policies included in the new deal are raising the minimum wage to 12€, building 400,000 new apartments to fight the housing crisis, legalizing the sale of cannabis, and new plans to phase out the use of coal by 2030.

Other News

  • To help battle the skyrocketing oil prices worldwide, Britain, the U.S., China, India, Japan, and Korea have decided to release tens of millions of barrels of crude oil from their storage, according to the New York Times
  • A bus caught fire and crashed in Bulgaria, killing at least 45 people
  • A new variant of COVID-19 called Omicron that was first detected in South Africa has started to spread
  • 52 people were killed due to a gas buildup and explosion in a Siberian coal mine last week
  • There were clashes between the police and demonstrators in Honiara, the capital city of the Solomon Islands. The protestors demanded that the prime minister resign.
  • The cyberwar between Iran and Israel has reached new heights

By Lilly

Hi everyone! My name is Lilly and I am a high school student based in Germany, where I am currently enrolled in the IB diploma programme. Aside from founding EconIR WEB, I am also the President of JEC Berlin. Being a student who has a deep interest and passion for economics and international relations myself, I know how challenging it can be to find ways to engage with your areas of interest. Therefore, I created EconIR WEB. I hope that through EconIR WEB we will be able to build a strong community of students who share the same passion. Cant wait for you to join!

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