—DAX · no closing price in the reporting period

DailyDrop.

—Euro/dollar · no closing price in the reporting period
DAX—EUR/USD—S&P 500—WTI—Gold—
Domestic · Berlin✓ 5 outlets · financing and constitutionality reported as open

Left Party, Greens and SPD agree on an exploratory paper in Berlin and recommend coalition negotiations

The paper provides for the socialization of large housing holdings; Söder and the Junge Union react with sharp criticism and demands for sanctions.

The Left Party, the Greens and the SPD agreed in Berlin on Saturday on a joint exploratory paper and are recommending that their parties begin coalition negotiations. ZDF and Tagesspiegel report this. According to Tagesspiegel, the 30-page paper is titled “More together, more Berlin.” At its core is socialization: housing companies with more than 10,000 apartments are to be transferred to an institution under public law, with compensation capped at 16 billion euros. Left Party lead candidate Elif Eralp spoke, according to the reports, of around 160,000 apartments held by five companies; cooperatives and apartments built since 2021 or under construction are exempt. In addition, within a year a legal basis is to be created for a binding WBS quota for existing apartments. The paper also deals with rent policy and the state budget. The party bodies must approve it, and negotiations could begin in early November. Berlin CDU leader Stefan Evers sharply criticized the agreement. Economic Affairs Senator Franziska Giffey of the SPD warned, according to the reports, of serious consequences of socialization; she had ruled out a coalition with the Left Party, according to a dpa report of October 11. According to one of the reports, financing and constitutionality remain open.

At the federal level, the Union’s reaction to the three parties’ agreement was pronounced. Federal Chancellor Friedrich Merz called on the SPD and the Greens to end the talks with the Left Party, according to reports by ZDF and Jüdische Allgemeine; he pointed out that there is also a majority with the CDU in the House of Representatives. On Sunday, CSU leader Markus Söder, speaking at the Junge Union’s Deutschlandtag in Bonn, spoke of a “red front” in Berlin and called such an alliance a “new fall from grace.” He demanded a “firewall to the left,” as Handelsblatt and Berliner Zeitung report. According to Handelsblatt and t-online, he also threatened cuts to the state fiscal equalization, “as far as I’m concerned, even just for Berlin”; Berlin already receives about four billion euros from it. According to the reports, the Junge Union passed a resolution that calls for social ostracism of the alliance, a faster ban on planned socializations and the exclusion of such a state government from information held by the Federal Office for the Protection of the Constitution and the Federal Criminal Police Office. Söder backed the proposal. There is no coalition agreement; the sanctions are so far only demands.

Open the story and DailyDrop’s take
World · France✓ 5 outlets · figures on arrests and injuries differ

Nationwide day of protest in France escalates: looting, fires and thousands of arrests

A nationwide day of protest against the high cost of living led to serious rioting in France on Saturday. Tagesspiegel (dpa) and ORF report burning town halls, looted shops and street battles. After a crisis meeting of the government, Prime Minister Sébastien Lecornu cited, according to ORF, 1,200 arrests and 150 injured police officers and spoke of “violence of extreme intensity.” Later figures from the Interior Ministry cite, according to dpa, more than 1,800 arrests and over 500 injured police officers, firefighters and other emergency personnel; in Paris alone, 855 people were taken into custody, according to Kronehit. The government counted around 550,000 participants, the organizers around 800,000, as ORF reports; for Paris, the Interior Ministry cited 110,000, according to dpa. Lecornu blamed a “particularly violent ultra-left,” and the interior minister spoke, according to the reports, of masked rioters from the far-left spectrum. President Emmanuel Macron condemned the violence. “Nothing justifies this, nothing explains this, nothing excuses this,” ZDF quotes him as saying; according to 20 Minuten, he also said that everyone felt “anger and shame,” and that demonstrators must not be confused with rioters. ZDF reports that he announced a round table. According to t-online, Lecornu said the violence was being used as a “warm-up round” ahead of the presidential elections. On Sunday there was renewed rioting in Paris, according to the reports, and police used tear gas. The figures on arrests and injuries differ depending on the source and the time of the report.

Open the story and DailyDrop’s take

World · USA and Russia✓ 4 outlets · length of suspension and anything in return not stated

Trump suspends new Russia sanctions – Republicans and Democrats criticize the decision

US President Donald Trump has suspended by decree a sanctions package against Russia passed in September. ORF, watson, taz and Werra-Rundschau report this. According to watson, the law provided that tariffs and sanctions would take effect automatically 30 days after signing; Trump suspended them shortly before the end of that period, citing the national interest of the US. According to watson, the move comes only a week after a diesel deal with Russia and about two weeks before the congressional elections. Secretary of State Marco Rubio is to review the economic impact within up to 60 days.

The criticism cuts across party lines. Republican Senator Thom Tillis called the decision, according to watson, “more than irresponsible,” his party colleague Ted Cruz spoke of a “mistake,” and Representative Michael McCaul called on Trump to reverse the step. Democratic minority leader Chuck Schumer said Trump had given Vladimir Putin the best birthday present and called the diesel deal a “pact with the devil.” The taz reports bipartisan criticism of the president’s handling of Ukraine. How long the suspension is to apply and whether Washington expects anything from Moscow in return is not apparent from the reports.

Open the story and DailyDrop’s take
World · War in Ukraine✓ 3 outlets · figures come from Russian authorities

Russia reports 1,015 Ukrainian drones shot down – fires and one death in Saint Petersburg

Russia has reported a large Ukrainian drone attack on Saint Petersburg and the Leningrad Region for the night to Sunday. The Defense Ministry in Moscow speaks, according to VOL.AT and Blick, of 1,015 intercepted drones between 19:00 on Saturday and 07:00 on Sunday (CEST); the governor cites 126 drones shot down for the Saint Petersburg region. According to Russian figures, one person died. The reports contradict each other on the number of injured: the governor spoke of 15, the TASS agency of at least ten. According to the reports, fires broke out at the oil terminal in the port, at an oil depot and in industrial halls. The Ozon logistics center and a data center of the internet company VK were hit, according to the companies, and debris is said to have caused power outages. Pulkovo Airport suspended operations temporarily “for security reasons,” according to TASS, as nau.ch reports. According to the reports at hand, Ukraine has not initially confirmed the attack. The extent of the damage was still unclear at the time of the reports.

Open the story and DailyDrop’s take

Sport · Bundesliga✓ 3 outlets · successor in the sporting area open

Markus Krösche leaves Eintracht Frankfurt as sporting director with immediate effect

Markus Krösche has stepped down as board member for sport at Eintracht Frankfurt, with immediate effect and at his own request. The club announced this on Sunday, as Bundesliga.com, t-online and Goal report. The supervisory board granted his request. Axel Hellmann takes over Krösche’s duties on an interim basis and moves up from board spokesman to chairman of the board. The club intends to decide on the long-term filling of the sporting area in the coming weeks. The resignation comes a few days after the 1:0 home win against Cologne. The reports do not give the reasons for the move. Krösche spent five years at Eintracht; the Europa League title falls within that time. According to the reports, there had been repeated rumors of a departure in recent months. The details on the terms of his contract differ between the reports.

Open the story and DailyDrop’s take
In brief
  • China plans export controlsThe draft covers 40 technologies, including 23 in AI; the rules are still in preparation (Handelsblatt, Tagesspiegel).
  • Heil for SPD chair?He cannot rule out running at the special party conference in January (Handelsblatt, dpa-AFX).
  • Pope leads the AngelusFive days after lung surgery, Leo XIV prays from the window of the Apostolic Palace (ZDF, NWZ).
  • Kaufmann European runner-upShe loses the European Championships final in Ljubljana 3:4 (Sportschau, Nordkurier).
  • Storm warning on MallorcaThe highest warning level applies for the night to Monday, classes are canceled (Rhein-Zeitung, Tagesanzeiger).
  • Four dead on Canadian military baseFour people died in a fire at the Wainwright base in Alberta (Handelsblatt, SRF).
  • Brighton beat Crystal Palace 5:0Diego Gómez scored from 51 meters from the halfway line (Sport1, Blick).
Seven minutes every morning, one front page

Unverified — what we could not confirm

Berlin already has a red-green-red government. The Left Party, the Greens and the SPD are recommending coalition negotiations; according to ZDF and Tagesspiegel, the party bodies must approve, and negotiations could begin in early November.
The US has lifted the Russia sanctions. According to ORF, watson and taz, Trump suspended the package by decree; Rubio is to review the consequences within up to 60 days.
The violence in France came solely from the far left. Lecornu and the interior minister blame the ultra-left, according to ZDF and t-online; Macron distinguishes demonstrators from rioters, and the figures on arrests differ depending on the source.
Glossary · dotted words — politics, economics, law and security terms explained in the context of the story. The list grows every day.
INSIDELeft Party, Greens and SPD agree on an exploratory paper in Berlin and recommend coalition negotiationsDomestic · BerlinNationwide day of protest in France escalates: looting, fires and thousands of arrestsWorld · FranceTrump suspends new Russia sanctions – Republicans and Democrats criticize the decisionWorld · USA and RussiaRussia reports 1,015 Ukrainian drones shot down – fires and one death in Saint PetersburgWorld · War in UkraineMarkus Krösche leaves Eintracht Frankfurt as sporting director with immediate effectSport · Bundesliga