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Germany is set to significantly reduce funds dedicated to strengthening partner states in the areas of security, defense and stabilization — a section of its budget which has typically included support for Ukraine, a draft of the country's 2025 budget shows.
German government leaders on Friday agreed on an outline for the country's 2025 budget after intense negotiations to bridge a gap worth billions of euros.
German carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC.
SAO PAULO (Reuters) -- Finance leaders from the world's largest economies failed to agree on a joint statement as they wrapped up talks on Thursday, with divisions over the wars in Gaza and Ukraine overshadowing efforts to forge a consensus on global economic development.
Germany's finance minister on Friday offered up a new analogy for his country's ailing economy, following months of debate over whether Europe's traditional powerhouse had become the "sick man of Europe."