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Germany's gas storage could be empty in February 2027 if the winter is very cold. The association Ines calls for incentives for better filling, as the current business model is uneconomical due to high gas prices.
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Bundestag member Sepp Müller is running for the state chairmanship of the CDU in Saxony-Anhalt, potentially replacing current chairman Schulze. Müller had previously faced criticism for remarks interpreted as criticism of his own top candidate and the governing coalition.
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Gesamtmetall CEO Zander is calling for comprehensive reforms of state finances and savings in all areas, stating that current economic growth is debt-driven.
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High oil prices, driven by geopolitical tensions and Middle East attacks, are burdening global stock markets and German industry. Analysts foresee oil prices potentially reaching $120 per barrel by 2027, intensifying inflation and interest rate concerns.
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Mustafa Groener of the Left Party won a direct mandate in Magdeburg, calling it a "red lighthouse." He criticized the CDU's policies, which he believes contributed to the AfD's success.
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The planned transport budget for 2027 includes cuts to rail infrastructure, bridge repairs, and climate-friendly measures. Despite a special fund for infrastructure and climate neutrality, associations and the opposition criticize the reduction of funds for maintaining and expanding the rail network, as well as for e-buses and cycling.
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The Bundestag is discussing the draft budget for 2027, which foresees higher spending and debt. Planned expenditures in the core budget are 555.4 billion euros, with net borrowing of 118.7 billion euros. Criticism has been raised regarding the focus on defense and the planned transfer of funds from the Climate and Transformation Fund.
Companies & MarketsFinance & Stock MarketIT & Internet
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Apple's new CEO John Ternus plans to increase App Store revenue, despite recent regulations and agreements with the EU and Japan. This comes as the company's services business experiences slower growth.
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German budget plans for the coming year include expenditures of around 555 billion euros, resulting in new debt exceeding 200 billion euros. Budget deliberations in the Bundestag are ongoing until Friday.
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Following the state election in Saxony-Anhalt, CDU leader Friedrich Merz and SPD leader Lars Klingbeil emphasized the unity of the coalition in Berlin. They aim to implement reform plans and warned against allowing far-right forces to pressure the coalition.
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