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What We're Watching: Germany's next government taking shape

Germany's Social Democratic Party (SPD) candidate for chancellor Olaf Scholz delivers a statement in Berlin, Germany, November 17, 2021.

Who's going to run Germany? With coalition negotiations now reportedly in the home stretch, we could know what the next German government looks like as soon as Monday or Tuesday. Following elections that were held back in September, the center-left SPD, headed by Chancellor-in-waiting Olaf Scholz, has been hammering together a three-way coalition with the progressive Greens and the fiscal hawks of the Free Democrats Party. One big question mark is whether the spendthrift Greens or the tighter-pursestrings FDP will get the powerful finance ministry portfolio. Meanwhile, Green Party leader Annalena Baerbock is expected to become Germany's first female foreign minister, part of Scholz's larger pledge to ensure that the cabinet is split 50:50 between men and women.

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What We’re Watching: The kings of soccer make a trade deal, Venezuela’s Machado to meet Trump, Moscow sends message to Europe

Protesting farmers hold anti - Mercosur banners while chanting slogans during the protest. Thousands of farmers protested against the signing of the agreement between the European Union and the Mercosur.

Attila Husejnow / SOPA Images via Reuters Connect
Europe and South America finally agree to long-sought trade dealIt took more than 25 years, but the European Union and Mercosur, the South American common market, provisionally agreed to a free trade deal, eliminating tariffs on over 90% of each other’s exports. If it passes, it would create the largest free trade zone in the world and mark the [...]
​Sudanese brothers, refugees from el-Fasher, wash clothes at sunset outside the Tine transit camp in eastern Chad, on November 22, 2025.

Sudanese brothers, refugees from el-Fasher, wash clothes at sunset outside the Tine transit camp, amid the conflict between the paramilitary Rapid Support Forces (RSF) and the Sudanese army, in eastern Chad, on November 22, 2025.

REUTERS/Amr Abdallah Dalsh
1,000: A civil war that has produced one of the world’s worst humanitarian crises reached a grim milestone today. One thousand days into the conflict in Sudan, over 150,000 people have been killed and 9 million uprooted across the country by the fighting.. 584,000: The US economy added just 584,000 jobs in all of 2025, according to the Bureau of [...]
​Protesters gather as vehicles burn in Tehran, Iran, in this screen grab from a social media video released on January 9, 2026.

Protesters gather as vehicles burn, amid evolving anti-government unrest, in Tehran, Iran, in this screen grab obtained from a social media video released on January 9, 2026.

Social Media/via REUTERS
Twelve days ago, a protest over Iran’s deteriorating economy began at a market in Tehran, in what were then estimated to be the largest demonstrations in the country since 2022.Since then, they have spread dramatically. People in over 100 cities and towns across the country have taken to the streets to vent their anger over a plunging Iranian rial [...]
​Passengers enter a shared taxi in Dnipro, Ukraine, on January 8, 2026.

Passengers enter a shared taxi in Dnipro, Ukraine, on January 8, 2026. Following a massive Russian drone attack on the energy infrastructure of Ukraine’s southern regions, most consumers in Dnipropetrovsk and Zaporizhzhia regions, including the regional capitals, were left without power.

Mykola Miakshykov/Ukrinform
1 million: Russian drone strikes crippled energy infrastructure in southeast Ukraine overnight, leaving over one million people in Dnipropetrovsk without heat or water in the dead of winter. Electricity supplies were also disrupted for thousands more people in neighboring Zaporizhzhia. [...]