A daily update on the latest business and economic news.
Germany's ruling coalition has agreed sweeping tax, labour and pension reforms, a breakthrough Chancellor Friedrich Merz said would revive the struggling economy and counter the far right. Berlin recently halved its growth forecast after the US-Israel war on Iran sent energy prices soaring. Merz on Thursday estimated that the reforms could lift trend growth from 0.4 to 0.7 per cent a year.
