Germany's 2027 draft budget raises borrowing above €203 billion as investment and defence spending increase

Germany's draft federal budget for 2027 projects borrowing of more than €203 billion, reflecting the country's continued departure from its long-standing fiscal restraint as it prioritizes economic recovery, infrastructure modernization and national security. According to the draft budget, total borrowing will exceed the €196.5......

Germany defends military spending record ahead of NATO summit after Trump criticism

German Chancellor Friedrich Merz has defended Germany’s record on military spending after criticism from U.S. President Donald Trump, insisting that Berlin has made substantial progress in strengthening its armed forces and should not hesitate to highlight those efforts. The remarks come just days before NATO leaders convene in Ankara,......

Germany coach Julian Nagelsmann steps down after shock World Cup exit

Germany’s national football team has entered a period of uncertainty after head coach Julian Nagelsmann stepped down following the country’s early exit from the 2026 FIFA World Cup, the German Football Association confirmed on Friday. The decision comes after internal discussions between Nagelsmann and senior officials at the......

Germany's services sector shrinks again in June as business conditions show signs of stabilizing

Germany's services sector remained in contraction for a third consecutive month in June, although the pace of decline eased as cost pressures moderated and business activity proved more resilient than initially estimated. The latest HCOB Germany Services Purchasing Managers' Index (PMI), compiled by S&P Global, rose to 48.6 in......

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