Related News

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Cybersecurity company Netskope is eying a $7.3 billion valuation after pricing shares at $19 for its upcoming IPO, at the

Eric Baker, co-founder and CEO of ticket reseller StubHub, poses outside the New York Stock Exchange in New York City, U.S., Sept. 17, 2025. Brendan McDermid | Reuters StubHub CEO

Shares of Workday popped 9% on Wednesday after activist investor Elliott Investment Management announced a $2 billion stake in the company. Workday announced a multi-year plan to enhance its operating

A Waymo autonomous self-driving Jaguar electric vehicle is seen in Tempe, Arizona, on the outskirts of Phoenix, on September 15, 2025. Charly Triballeau | AFP | Getty Images Waymo has

U.S. House Speaker Mike Johnson (R-LA) speaks with reporters outside his office in the U.S. Capitol in Washington, D.C., U.S., Sept. 11, 2025. Jonathan Ernst | Reuters Republican House Speaker

U.S. President Donald Trump sits next to Crypto czar David Sacks at the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Germany Defense Spending: German government hopefuls planning billions for defence spending: report

Word Count: 610 | Estimated Reading Time: 4 minutes


German government hopefuls planning billions for defence spending: report

FRANKFURT: The two parties hoping to form Germany’s next government are planning to plough hundreds of billions of euros into defence and infrastructure when in power, the Bild newspaper reported Sunday.
Both subjects have become all the more pressing for Berlin’s prospective new leaders as Europe’s largest economy stutters and the United States’ apparent pivot toward Russia casts doubt over the continent’s security.
Citing several sources close to the negotiations, Bild said the investment plan was brought up on Friday at coalition talks between the conservative CDU/CSU alliance, which came top in the recent elections, and the centre-left Social Democrats (SPD).
Both parties are considering the quick establishment of two special investment funds, one for the threadbare German army and another to renovate the country’s creaking infrastructure.
The amounts discussed for each of the funds are “significantly higher” than the fund of 100 billion euros ($104 billion) already set aside for the German army in 2022 after the Russian invasion of Ukraine, according to the newspaper.
Both sides’ negotiators looked at economist reports evaluating the needs of the German army at 400 billion euros and that of the country’s infrastructure at half a trillion euros, Bild added.
The two funds are conceived as emergency spending outside the federal budget and as such exempt from Germany’s “debt brake”, which places a strict constitutional limit on how much the state can borrow outside of crises.
According to Bild both parties are likewise considering relaxing that restriction, seen by a growing number of Germans as a straitjacket ill suited to the challenges facing the country.
But any such reform would require a two-thirds majority in parliament, which the proposed Conservative-Social Democrat coalition would not have in the new legislature.





Source link

Most Popular Articles