Baku talks boost German interest in Middle Corridor
Azerbaijan and Germany are strengthening ties through key transit routes.
Germany’s Bundestag will debate major infrastructure spending and defence funding reforms from 13 March, with a vote set for 18 March. Key parties negotiate over debt rule changes and a €500 billion fund.
Germany's lower house of parliament will discuss an increase in infrastructure spending and significant changes to state borrowing regulations to enhance defence funding from 13 March, according to two parliamentary sources cited by Reuters on Thursday.
The Bundestag is set to vote on the proposed reforms on 18 March, the sources added.
The conservatives and the centre-left SPD, currently engaged in coalition negotiations following last month’s election, will require a two-thirds majority in parliament to pass their plans to amend the debt brake and establish a €500 billion fund for infrastructure.
The Greens have stated they will negotiate firmly before potentially offering their crucial support for debt reforms aimed at revitalising the struggling economy and increasing defence expenditure.
The pro-business FDP will also back greater defence spending but has made it clear that it will not endorse a dedicated fund for infrastructure.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
The State Oil Company of Azerbaijan (SOCAR) and Canada’s Gran Tierra Energy Inc. signed a Memorandum of Understanding on the sidelines of the 30th Anniversary International Caspian Oil and Gas Exhibition held as part of Baku Energy Week.
Heavy flooding has wreaked havoc in southwestern China’s Yunnan province, destroying dozens of homes and vital infrastructure in the Nujiang Lisu Autonomous Prefecture, local authorities reported on Monday.
UN Headquarters in New York, powerful voices from France’s overseas territories accused Paris of sustaining colonial control under new names, demanding sovereignty, reparations, and justice for people of African descent.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant development toward de-escalating the ongoing war, Russia on Monday formally presented Ukraine with a comprehensive peace proposal, outlining steps for a full ceasefire and a long-term peace agreement, according to Vladimir Medinsky, head of the Russian delegation.
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