German budget surplus soars as economy charges ahead
Berlin
GERMANY'S economy is in full swing, the government said on Thursday, a state of affairs that also led to a record 2016 budget surplus likely to irritate much of the rest of the European Union and play directly into election politics.
Germany's overflowing coffers are the subject of intense debate ahead of the Sept 24 federal election, with the Social Democrats promising more investment and Chancellor Angela Merkel's conservatives a mix of investment, tax cuts and debt reduction.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin