Germany to Smooth Military Procurement in Massive Spending Push
Save
German Chancellor Friedrich Merz's cabinet approved a law designed to accelerate military planning and procurement, part of the ruling coalition's effort to swiftly transform the Bundeswehr into Europe's strongest conventional army.
Merz's conservative CDU/CSU bloc and his Social Democrat partners have effectively suspended rules limiting new borrowing to fund defense outlays and pledged to meet NATO's revised spending goal of 5% of gross domestic product on the military.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Trump Says U.S. Reached a Trade Deal With European Union
President Trump announced a trade agreement between the U.S. and the European Union after meeting European Commission President Ursula von der Leyen, marking his biggest deal so far. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 minutes ago
- Yahoo
US expects to result of probe into chip imports in two weeks
TURNBERRY, Scotland (Reuters) -The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details. Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation - which is expected to result in tariffs on chips imports - was one of the "key reasons" the EU sought to negotiate a broader trade agreement that would "resolve all things at one time." Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs. Sign in to access your portfolio
Bloomberg
20 minutes ago
- Bloomberg
Trump Says a Deal Has Been Reached With the EU
European Commission President Ursula von der Leyen met with US President Donald Trump at Trump Turnberry golf club in Scotland on July 27. The leaders agreed to a deal that will see the bloc face 15% tariffs on most of its exports, including automobiles, staving off a trade war that could have delivered a hammer blow to the global economy. (Source: Bloomberg)
