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.
Mrs …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle