Germany has ditched decades of fiscal restraint with a massive €500 billion spending plan, aiming to revive growth and bolster defence. With geopolitical tensions rising, Friedrich Merz calls it a "historic shift"—but critics warn of debt risks.
Germany’s parliament has approved a sweeping spending surge, marking a major shift from decades of fiscal restraint. Conservative leader Friedrich Merz secured support for the plan, which aims to boost economic growth and strengthen Europe’s defence amid rising geopolitical tensions.
The approved package includes a €500 billion fund for infrastructure and eases borrowing rules to expand defence spending. The move is a response to increasing concerns over European security, particularly regarding Russia and potential shifts in U.S. foreign policy. "We have for at least a decade felt a false sense of security," Merz told lawmakers, calling the decision a crucial step toward a new European defence strategy.
The Bundestag’s approval was decisive, with 513 votes in favour and 207 against. The legislation is expected to pass the Bundesrat on Friday. The markets reacted positively, with the euro and European shares rising in anticipation of the fiscal expansion.
While supporters hail the move as a turning point, critics warn of long-term risks, including rising debt and the need for structural reforms to ensure sustainable growth. Economists argue that cutting bureaucracy and increasing efficiency will be essential to making the most of Germany’s fiscal shift.
Delhi International Airport Limited (DIAL) has sued the Indian government over the approval of commercial flights from Hindon Airbase, 30 km from the capital's airport. DIAL argues it violates aviation regulations and threatens financial viability, seeking to overturn the decision.
A drone crashed into a landed helicopter at a South Korean military airfield, sparking a fire but causing no casualties. The incident, at Yangju’s Army Aviation Battalion, is under investigation. Authorities are assessing damage and reviewing airspace security.
Novartis is closely monitoring the U.S. reciprocal tariff policy, which may impose 25% tariffs on pharmaceuticals. The company plans to expand in Japan with radiopharmaceutical production by 2026 and recently acquired Mariana Oncology for $1B to strengthen its oncology portfolio.
Islamophobia is a form of fear, prejudice, and hatred that incites threats, insults, provocation, and violence against both Muslims and non-Muslims, both online and offline. As it evolves into structural and cultural racism, it targets Muslim symbols and values.
Vietnam and Singapore have agreed to enhance cooperation in subsea cables, finance, and energy, upgrading their relations to a "comprehensive strategic relationship." They aim to expand digital connectivity and meet the growing demand for data services, with Singapore investing heavily in Vietnam.
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
A massive, unanticipated disconnection of data centers in a 30-square-mile area outside Washington, D.C. has exposed a fresh vulnerability in America’s electrical grid, raising concerns that the rapid expansion of Big Tech’s energy-hungry facilities could trigger cascading outages.
President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
Regarding the Armenia-Azerbaijan process, we cannot forget the years of occupation, and we will not forget them, President Ilham Aliyev said in his speech at the opening ceremony of the 12th Global Baku Forum.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
President Donald Trump has vowed to respond to the European Union's counter-tariffs, escalating tensions over the U.S. steel and aluminum duties that have sparked a trade dispute between the two economic powers.
Malaysia has agreed to terms with exploration firm Ocean Infinity to restart the search for the missing Malaysia Airlines flight MH370 wreckage, its transport minister said on Wednesday.
President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
Around 400 teachers and students from EU schools in Brussels staged a half-day strike Wednesday, protesting poor employment conditions for locally hired teachers. They demand union representation, pension rights, and official teacher status. A full-day strike is planned for April 1.
Nvidia CEO Jensen Huang forecasted a rapid arrival of humanoid robots in manufacturing, stating that widespread use in factory settings is likely within the next few years.
A massive, unanticipated disconnection of data centers in a 30-square-mile area outside Washington, D.C. has exposed a fresh vulnerability in America’s electrical grid, raising concerns that the rapid expansion of Big Tech’s energy-hungry facilities could trigger cascading outages.
President Donald Trump has completed a "very good" telephone call with Ukrainian President Volodymyr Zelenskyy, according to remarks made by Trump.
At just 15, New Zealand’s Sam Ruthe made history Wednesday by running a mile in 3:58.35 at Mt. Smart Stadium, becoming the youngest athlete to break the four-minute barrier. Ruthe surpassed his previous best and edged out Jakob Ingebrigtsen’s 16-year-old record.
The White House has affirmed that U.S. President Donald Trump still intends to implement new reciprocal tariff rates on April 2, despite earlier remarks from Treasury Secretary Scott Bessent hinting at a possible delay.
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