Germany's finance ministry is pushing forward with its 2025 and 2026 budget plans, focusing on fiscal savings while addressing security and economic challenges, according to a recent government document.
Germany's new finance minister Lars Klingbeil has initiated preparations for the 2025 and 2026 budgets, emphasizing cost-cutting across ministries despite recent fiscal flexibility created by a €500 billion infrastructure fund and defense spending exemptions.
The finance ministry document outlines three priorities: modernizing infrastructure, implementing structural reforms to enhance competitiveness, and consolidating the budget. Finance ministry state secretary Steffen Meyer emphasized the urgency of addressing security threats, and revitalizing Europe's largest economy.
The 2025 draft budget is set for cabinet approval on June 25, with parliamentary discussions in July and final approval by September. Similarly, the 2026 budget will follow the standard approval timeline, with final adoption in December.
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The British embassy in Tehran has been temporarily closed, with services now operating remotely, the government announced Wednesday....
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Denmark has announced an immediate increase in its military presence in Greenland, citing growing security tensions in the Arctic....
U.S. President Donald Trump said on Wednesday that he has been informed the killing of anti-government protesters in Iran has stopped and that planned executions would not go ahead, though details remain unclear.
Danish Foreign Minister Lars Løkke Rasmussen said on Wednesday that Denmark was unable to change the U.S. position on Greenland after talks with American officials in Washington.
As tensions between Iran and the U.S. persist, authorities in Tehran are facing another problem—this time at home.
The United Kingdom and the United States are withdrawing military personnel from bases in the Middle East as tensions with Iran rise, following Tehran’s warning to regional allies that it would target U.S. bases if Washington takes military action.
The Trump administration will suspend all visa processing for visitors from 75 countries beginning 21 January 2026, according to a State Department memo reported by media.
Sweden is sending a group of military officers to Greenland at Denmark’s request, Prime Minister Ulf Kristersson said on Wednesday, as Nordic countries and NATO allies step up coordination around the Arctic territory.
Saudi Arabia has informed Iran that it will not allow its territory or airspace to be used for any military action against Tehran, according to two sources close to the kingdom’s government cited by AFP.
Israel and Arab States have urged the U.S. to delay any potential military action against Iran, warning that such a move could undermine ongoing protests inside the country, according to NBC News.
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an European Union ban on Russian energy shipments.
China recorded the world’s largest-ever trade surplus in 2025, reaching $1.2 trillion as exporters shifted focus away from the U.S. amid ongoing trade tensions.
A coalition of women’s rights organisations, technology watchdogs and progressive campaigners is urging Apple and Google, owned by Alphabet, to remove the social media platform X and its associated chatbot, Grok, from their app stores.
Boeing booked more aircraft orders than Airbus in 2025 for the first time since 2018, official figures showed, even as the European manufacturer delivered more planes during the year.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
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