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EXPLAINED: 5 | Vintage Vibes

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

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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

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.

Al Jazeera

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.

International Business Times

Rising Concerns Over Far-Right Party Impact On Business

Jena grapples with political uncertainties as AfD gains traction, impacting businesses and diversity initiatives.

Top News

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 Independent UK

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

The Guardian - AU

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.

International Business Times

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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.

International Business Times

G7 To Agree $50-bn Ukraine Loan At Italy Summit

G7 leaders were set to agree on a new $50-billion loan for Ukraine as they gathered Thursday for a summit in southern Italy, using the profits from frozen Russian assets.

Radio France Internationale

G7 leaders reach 'political' deal on Ukraine funds

G7 leaders agreed Thursday at a summit in Italy on a new $50 billion loan for Ukraine using profits from frozen Russian assets, a US official said.

PC Gamer

Neolithic burial sites and now too much of the wrong soil type, Intel's new foundry in Germany isn't getting finished any time soon

Chip fabrication plants aren't quick to build but Intel was surely hoping it would be well under way by now.

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The Guardian - UK

Hopes grow of G7 deal to support Ukraine with $300bn in frozen Russian assets

Foreign ministers confident of agreement to use bank assets as security for Ukraine reconstruction loan

The Guardian - UK

Outrage at footage of people singing Nazi slogan at party on German island

The video shows a group singing replaced lyrics to L’amour Toujours, as one person also lifts his arm in an apparent Nazi salute

International Business Times

Germany Gives Controversial Green Light To Cannabis

Germany on Monday became the biggest EU country to legalise recreational cannabis, despite fierce objections from opposition politicians and medical associations.

International Business Times

German Economy To Nearly Flatline This Year, Think-tanks Say

Europe's largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint statement, a sharp downgrade from their earlier forecast of 1.3 percent growth.

Top News

House Approves Key Government Spending Bills Amid Shutdown Deadline

House approves crucial government spending bills to prevent shutdown. Senate swiftly passes legislation covering essential departments. House Approves Key Government Spending Bills Amid Shutdown Deadline.2 trillion fundi...

The Hindu

German GDP forecast downgraded but demand for IT professionals stays high

German economy struggles, impacting IT workers from India, while trade remains stable amidst internal strife and strikes.

International Business Times

Divided G20 Blocked By 'Impasse' Over Ukraine, Gaza

The first G20 finance ministers' meeting of the year ended Thursday without a joint statement due to deep divisions over the wars in Ukraine and Gaza, officials said.

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