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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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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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Four European mobile providers, including Deutsche Telekom, are considering a cooperation for satellite internet on smartphones. The aim is a joint venture to apply for frequencies the EU wants to reserve for domestic providers.
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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.
Companies & MarketsFinance & Stock MarketIT & Internet
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El Salvador's President Nayib Bukele denies that the country's Bitcoin reserves have been transferred to a private operator. An agreement with the IMF involved transferring the state-owned e-wallet "Chivo" to a private operator, not the strategic Bitcoin holdings.
Companies & MarketsFinance & Stock MarketIT & Internet
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Approximately 4,000 Bitcoin, valued at around 320 million US dollars, were withdrawn from Liquid Network. The incident, affecting the company's Liquid Federation wallet, is attributed to a potential software error in the underlying Elements open-source codebase.
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