Lockheed Martin and Rheinmetall plan first ATACMS missile production outside U.S. in Germany

U.S. defence giant Lockheed Martin and German defence company Rheinmetall have signed an agreement to jointly produce ATACMS missiles in Germany, marking the first planned manufacturing of the short-range ballistic missile system outside the United States. The two companies announced on Tuesday that they had signed a memorandum of understanding......

Germany says TKMS submarine deal would deepen Canada's long-term strategic ties with Europe

A potential decision by Canada to purchase submarines from Germany's ThyssenKrupp Marine Systems (TKMS) would represent more than a defense procurement, according to a senior German government official, who said such an agreement could lay the foundation for decades of closer strategic cooperation between Ottawa and Europe. The comments......

Germany drafts €203 billion borrowing plan as defence and investment spending surge

Germany is preparing a significant expansion in public borrowing, with the federal cabinet expected to approve a draft 2027 budget featuring more than €203 billion in new debt, according to government sources cited in Berlin. The proposal reflects a sharp increase in state spending driven by defence commitments, infrastructure investment,......

Continental agrees €4.6 billion sale of ContiTech unit to Lone Star Funds

German automotive supplier Continental AG has agreed to sell its ContiTech division to private equity firm Lone Star Funds in a transaction valued at approximately €4.6 billion, marking a major step in the group’s strategy to refocus on its core tyre business. The deal underscores ongoing restructuring within Europe’s automotive......

Thousands protest in Erfurt as anti-AfD demonstrators attempt to block party congress in Germany

Thousands of demonstrators gathered in the eastern German city of Erfurt on Saturday in an attempt to disrupt the annual congress of the far-right party Alternative for Germany (AfD), prompting a large-scale police operation and widespread transport disruptions. Authorities deployed heavy security across the city as activists blocked major......

Thousands rally in Erfurt as Germany’s AfD opens annual conference

Thousands of demonstrators gathered in the German city of Erfurt on Saturday to protest against the far-right political party Alternative for Germany (AfD) as it launched its annual two-day conference amid growing political momentum ahead of crucial regional elections. The demonstrations brought together trade union members, civil society......

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......

Volkswagen to replace bonus system with new performance model from 2027

Volkswagen is preparing a major overhaul of its employee performance and compensation framework, with plans to eliminate its current bonus system from 2027 as part of a broader corporate transformation, according to a report published by Germany's Bild newspaper. The changes are expected to form part of the automaker's wider effort......

Germany unveils 34-point reform agenda to boost growth and modernize economy

The German government has introduced a broad package of structural reforms aimed at strengthening the country’s economic performance, improving labour market efficiency and reducing administrative burdens, as Chancellor Friedrich Merz seeks to position Europe’s largest economy for long-term growth. Presented in Berlin following......

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