German federal budget draft directs nearly one-third of spending to military buildup German federal budget draft allocates €607 billion to defence over four years; 2030 military spending would reach €183 …
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Business
Klingbeil unveils €203.7bn German budget borrowing plan through 2030
by Leo Müllerby Leo MüllerGerman federal budget: Klingbeil proposes €203.7bn new borrowing in 2027 draft German federal budget draft: €203.7bn new borrowing planned for 2027 by Finance Minister Klingbeil; deficits persist through 2030. Cabinet …
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Business
Shetland Islands council advances £1.5bn plan for four undersea road tunnels
by Leo Müllerby Leo MüllerShetland undersea tunnel project advances as council seeks to replace ferries with four subsea car links Council to probe financing for four undersea car tunnels connecting outer Shetland islands, a …
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Business
Volkswagen cost-cutting plan threatens German factories and jobs
by Leo Müllerby Leo MüllerVW restructuring threatens German plants as states and unions dig in German states, unions and automakers clash over VW restructuring plans that could target Neckarsulm, Zwickau, Hannover and Emden, raising …
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Business
ifo survey shows fewer firms plan price rises as energy costs fall
by Leo Müllerby Leo Müllerifo price expectations drop to 26.5 in June as energy costs ease ifo price expectations fall to 26.5 in June as energy costs decline; firms report fewer planned hikes, though …
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Technology
Deutsche Telekom advances plan to merge T-Mobile into unified holding
by Helga Moritzby Helga MoritzDeutsche Telekom holding advanced in private talks to unite parent and T‑Mobile, sources say Deutsche Telekom holding: CEO Timotheus Hoettges is exploring a plan to unite Deutsche Telekom and T‑Mobile …
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Business
Volkswagen faces potential 100,000 job cuts as board set to review plan
by Leo Müllerby Leo MüllerVolkswagen job cuts loom as management withholds targets ahead of July 9 supervisory board meeting Volkswagen job cuts could reach 100,000 as management refuses to give targets; works council is …
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Technology
UPI targets one billion daily transactions as NPCI unveils AI plan
by Helga Moritzby Helga MoritzNPCI Says AI Will Power UPI’s Push Toward One Billion Daily Transactions NPCI says AI will drive the next phase of UPI growth to a billion daily transactions, boosting fraud …
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Business
Ifo employment barometer signals German firms plan widespread job cuts
by Leo Müllerby Leo MüllerGerman job market darkens as ifo employment barometer falls to 92.3 in June German job market weakens as ifo employment barometer drops to 92.3 in June 2026; firms signal layoffs …
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Politics
DGB unveils alternative pension plan to lift statutory pension to 53 percent
by Hans Ottoby Hans OttoDGB pension plan challenges government commission with commitment to higher statutory pensions and compulsory workplace schemes DGB pension plan backs higher statutory pensions and mandatory workplace schemes to secure 70-90% …