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.
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani wa...
Tensions between Pakistan and the Afghan Taliban have surged after the Taliban government accused Islamabad of carrying out an attack that killed m...
U.S. President Donald Trump on Tuesday (17 March) announced that he is postponing a highly anticipated trip to Beijing to meet Chinese President Xi...
Joseph Kent, head of the U.S. National Counterterrorism Center, resigned on Tuesday (17 March), becoming the most senior official in President Dona...
A series of severe storms, blizzards and tornadoes on Monday disrupted life across much of the U.S., leaving more than 12,500 flights delayed or ca...
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani was killed in Israeli strikes.
Tensions between Pakistan and the Afghan Taliban have surged after the Taliban government accused Islamabad of carrying out an attack that killed more than 400 people, an allegation Pakistan denies. Here is how the two sides compare in military strength, from troop numbers to nuclear capability.
U.S. President Donald Trump on Tuesday (17 March) announced that he is postponing a highly anticipated trip to Beijing to meet Chinese President Xi Jinping, citing the war with Iran as the main disruption to efforts to ease tensions between the world’s two largest economies.
Joseph Kent, head of the U.S. National Counterterrorism Center, resigned on Tuesday (17 March), becoming the most senior official in President Donald Trump’s administration to step down over the war in Iran. Kent cited his opposition to the conflict, stating that Tehran posed no imminent threat.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
President Trump called on countries to assist in reopening the Strait of Hormuz, while Starmer said the UK is working with allies to restore navigation and stabilise oil markets. It comes as a strike near Iraq’s western border killed several Hashed al-Shaabi fighters, raising regional tensions.
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani was killed in Israeli strikes.
Kazakhstan has adopted a new constitution that could allow President Kassym-Jomart Tokayev to stay in power beyond 2029. The Central Election Commission confirmed that 87.15% of voters backed the constitution in a referendum held on Sunday (17 March).
The World Health Organization (WHO) has released $2m in emergency funding to support health responses in Lebanon, Iraq and Syria as escalating regional conflict strains hospitals, raises displacement and increases pressure on already fragile health systems.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
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