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.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior ...
A known Islamist suspected of driving a minivan into a crowd near a major LGBTQ Pride gathering in Berlin was shot dead during a police operation at a...
Britain's new Prime Minister Andy Burnham "will always put Britain's interests first", he told the BBC in an interview when asked whether he was willi...
Russian authorities said 11 people, including four children, had been killed by Ukraine in an overnight attack on a holiday camp, accusing Kyiv on Saturday of deliberately targeting civilians.
Iran will halt its own attacks as long as the United States maintains its pause on strikes, but Tehran remains sceptical of U.S. intentions, a senior Iranian source told on Sunday.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 25th of July, covering the latest developments you need to know.
Italian Defence Minister Guido Crosetto recently offered the dismissed Ukraine’s Defence Minister, Mykhailo Federov an adviser role in Italy.
U.S. President Donald Trump says Israeli Prime Minister Benjamin Netanyahu will visit Washington next week as tensions continue to rise across the Middle East.
Paramount Skydance agreed to pause its acquisition of Warner Bros Discovery until after a ruling on a challenge by states to the deal, plunging the $110 billion deal into further uncertainty.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
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