Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area.
Germany's planned 500 billion euro ($539.90 billion)infrastructure fund will boost sentiment in the construction industry in the country, Geberit Chief Executive Christian Buhl said on Thursday.
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The two political parties expected to form the next German government have agreed to significantly loosen the country’s constitutional restriction on deficits, enabling 1 trillion euros ($1.08 trillion) or more in new borrowing and spending on defense and infrastructure.
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LGBTQ Nation on MSNGermany issues travel warning about the US due to restrictions on trans peopleIt has become easier for trans people to update legal documents in Germany, which may make it harder for them to enter the United States.
DHL unveiled plans on Thursday to lay off about 8,000 jobs this year as part of a strategy to save more than 1 billion euros ($1.08 billion) by 2027, after the German logistics giant reported a 7.2% fall in annual operating profit.
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The prospective partners in Germany’s next government say they will seek to loosen the nation’s rules on running up debt to allow for higher defense spending.
A surge of demand caused by the war in Ukraine has made defence firms stars among Germany’s listed companies. Their share prices have leapt. Announcements on March 4th by Friedrich Merz, set to become Germany’s next chancellor,
Germany's likely chancellor-to-be announces a political deal to raise hundreds of billions of euros in extra spending.
Germany will unlock hundreds of billions of euros for defense and infrastructure investments in a dramatic shift that upends its ironclad controls on government borrowing.
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