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The Bundestag is debating a budget of 555 billion euros for 2027, including over 200 billion euros in new borrowing. Lars Klingbeil defended spending on infrastructure, defense, and social benefits, while the opposition criticized high interest costs and cuts.
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The Climate and Transformation Fund (KTF) risks failing its purpose due to funds being redirected for energy cost relief. A projected shortfall of 7.8 billion euros for 2027 endangers climate protection investments.
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GrapheneOS is developing its own messenger app with end-to-end encryption and plans to integrate the RCS protocol. Additionally, outdated AOSP standard apps are to be replaced with proprietary solutions.
Companies & MarketsFinance & Stock MarketIT & Internet
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Italy proposes waiving merchant fees for digital euro payments under ten euros to support small businesses. Central banks, including the ECB, are largely positive about this suggestion.
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Half a century after his death, Mao Zedong's legacy continues to shape China's political landscape, though his ideas are considered outdated by experts. The Communist Party of China bases its legitimacy on Mao but avoids a comprehensive reassessment, which could challenge its own history and claim to sole interpretation.
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German exports decreased by 0.8 percent in July, marking the first decline in five months and exceeding analyst expectations. This drop is attributed to reduced demand from China and the Eurozone.
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Volkswagen is examining the sale of its motorcycle brand Ducati as part of its future plan 2030 for portfolio streamlining. In fiscal year 2025, Ducati generated revenue of 925 million euros with an operating profit of 52 million euros.
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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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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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