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.
Hungarian Prime Minister Viktor Orban said on Thursday (27 November) that his country will hold talks on Friday aimed at securing sufficient Russian c...
Turkish construction giants Kalyon Insaat and Cengiz Insaat will take part in the modernisation and expansion of Damascus International Airport, a pro...
As the Trans-Caspian Transport Corridor (TCTC) gains renewed momentum, Central Asia and the European Union (EU) are working to turn long-standing conn...
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a...
Former Transport Minister Jose Luis Abalos was taken to Soto del Real prison on Thursday following a ruling by Spain’s Supreme Court ordering his pr...
Hungarian Prime Minister Viktor Orban said on Thursday (27 November) that his country will hold talks on Friday aimed at securing sufficient Russian crude oil and gas supplies.
Turkish construction giants Kalyon Insaat and Cengiz Insaat will take part in the modernisation and expansion of Damascus International Airport, a project also involving Qatari firm UCC, US-based Assets Investments, the Syrian Finance Ministry, and the Syrian Civil Aviation General Authority.
As the Trans-Caspian Transport Corridor (TCTC) gains renewed momentum, Central Asia and the European Union (EU) are working to turn long-standing connectivity ambitions into concrete trade routes, investment deals and infrastructure upgrades.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
massive fire that swept through the Wang Fuk Court housing complex in Hong Kong’s northern district of Tai Po has claimed 83 lives, with nearly 300 residents initially reported missing, authorities confirmed on Thursday.
A passenger aircraft from Polish carrier LOT veered off a taxiway at Lithuania's Vilnius airport after arriving from Warsaw on Wednesday, halting all traffic, the airport operator said.
At least 36 people have died in a fire that ravaged a residential apartment complex on Wednesday according to John Lee the chief executive of Hong Kong.
Netflix crashed on Wednesday for about an hour in the U.S. as it launched season five of "Stranger Things", with the service becoming inaccessible to many subscribers within minutes of the episodes going live at 8 p.m. local time.
Thousands of Bulgarians took to the streets of Sofia on Wednesday to protest against the government’s draft budget for 2026, the first to be prepared in euros ahead of the country’s planned eurozone entry on 1 January 2026.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
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