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AI-generated
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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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.
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