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The Latest Breaking News from Christian Lindner

Industrial Slump Leaves Germany On Brink Of Recession

German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe's largest economy into recession.

International Business Times

Germany's economy isn't growing. But its quarrelsome government can't agree on a way forward

Germany’s economy isn’t growing and the governing coalition has a lot of ideas on how to fix it

The Independent UK

German MP tries to counter AfD’s TikTok dominance with slang-filled video

Christian Dürr’s 75-second video, part of efforts to challenge far right party’s influence on platform, triggers slew of ‘cringe’ comments

The Guardian - UK

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Why did Europe reject a Chinese proposal to sell EVs for a minimum of €30K?

China’s reported offer fell way below the average €66,000 price for an EV in Europe.

Fortune

EU hails 'promising' initial budget talks with France

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

Radio France Internationale

As EU Targets Chinese Cars, European Rivals Sputter

As the EU seeks to put a brake on competition from Chinese electric cars, European automakers are stuck in second gear.

International Business Times

EU votes in favor of massive tariffs on Chinese EVs. Here's what it means

A divided EU reluctantly agreed massive tariffs on Chinese-made EVs.

Fortune

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Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

The Guardian - UK

The Guardian view on Olaf Scholz’s struggling coalition: running out of time

Editorial: A pyrrhic victory for social democrats in the latest state election offers scant consolation. The German far right continues to strengthen

The Guardian - UK

Some analysts believe Intel won't build out its German fab due to financial woes: Report

There is a 50% chance that Intel is not going build its fab in Germany after it put it on pause for two years.

Tom’s Hardware

The Guardian view on Europe’s future: spend big or risk the consequences

Editorial: Former European Central Bank chief Mario Draghi is right to call for Marshall plan-type investment in the continent’s future

The Guardian - UK

Here's why Intel's plan to shelve a €30bn German plant could rupture its government.

Germany's finance minister has urged his government to reallocate the €10 billion it had set aside for the Intel plant.

Fortune

Wolfgang Gerhardt, who led Germany's pro-business Free Democrats, dies at 80

Wolfgang Gerhardt, a politician who led Germany’s pro-business Free Democrats from 1995 to 2001, has died

The Independent UK

Europe needs 'unprecedented' investment to close gap with China, US

Europe needs to significantly increase investment as part of a "new industrial strategy" to remain competitive with the United States and reduce reliance on China, a new report claims.

Radio France Internationale

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Al Jazeera

Europe needs ‘massive’ investment drive to catch global competitors: Report

Ex-ECB chief Mario Draghi’s report says Europe’s economy faces ‘existential challenge’ to catch up with the US, China.

International Business Times

Europe Needs 'Unprecedented' Investment Surge, Says Key Report

Europe must massively ramp up investment including through joint borrowing as part of a "new industrial strategy" to keep pace with the United States and avoid dependence on China, a keenly awaited report warned Monday.

Top News

Germany's Coalition Reaches Agreement On 2025 Budget Details

Germany's governing coalition, led by Chancellor Olaf Scholz, overcame financial disagreements to reach a budget agreement for 2025 after facing challenges...

The Independent UK

Germany's quarrelsome government clinches a deal on the 2025 budget

Germany’s quarrelsome governing coalition has reached an agreement on details of the country’s 2025 budget

The Guardian - AU

Ukraine war briefing: Germany to halve military aid to Kyiv, draft budget reportedly shows

We’ll fight on regardless of Washington support, says Ukrainian defence minister; US jails Russian military parts smuggler. What we know on day 876

International Business Times

Germany's Coalition In Impasse Over 2025 Budget

Chancellor Olaf Scholz's Social Democrats (SPD), the Greens and the liberal FDP, who came to power in 2021, have until July 3, the end of the current parliamentary term, to reach a compromise.

Al Jazeera

G7 leaders agree to $50bn loan for Ukraine at annual summit

G7 leaders hail ‘unity’ after reaching deal to fund Ukraine via profits on frozen Russian assets during summit in Italy.

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