The German government has received international criticism for being too stingy with its money. Economists say Germany needs to invest the current account surplus into the country to promote growth and prosperity.
Germany is often criticized for sluggish levels of digital investment, particularly in AI. The government wants to invest €3 billion before 2025 to try and close the knowledge gap with world leaders in the field.
Trump has warned that if Democrats won power in the midterm elections, the US economy would see higher taxes, endangering jobs as a result. But cohabitation means legislative stagnation is more likely.
Germany's industrial giants have been reluctant to invest in the costly production of electric car battery cells until now. Will a €1 billion government grant be enough to recover time lost to China and South Korea?
The German chancellor has lauded the country's sustained economic growth and low unemployment. Angela Merkel was speaking in her first video message after announcing she would stand down as political party leader.
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