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Germany’s federal cabinet on the 6th approved a draft 2027 federal budget that plans total spending of €555.4bln, up from €524.5bln in 2026. The draft raises federal defense spending to about €109.7bln in 2027, roughly one-third higher than 2026. The

2026-07-07

Germany’s federal cabinet on the 6th approved a draft 2027 federal budget that plans total spending of €555.4bln, up from €524.5bln in 2026. The draft raises federal defense spending to about €109.7bln in 2027, roughly one-third higher than 2026. The plan drew criticism: The Left said it prioritizes defense over household relief and disaster aid; industry groups warned spending and debt growth are too rapid and fiscal planning lacks prudence; environmental organizations criticized reallocations from the climate and transformation fund, saying the move would weaken support for climate protection.

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2026-07-07

Ukraine President Zelenskiy said Russia's large-scale missile and drone strikes have killed 22 people and injured nearly 90, with Kyiv and surrounding areas hardest hit.

Ukraine President Zelenskiy said Russia's large-scale missile and drone strikes have killed 22 people and injured nearly 90, with Kyiv and surrounding areas hardest hit.
2026-07-06

Singapore's seasonally adjusted retail sales fell 2.3% month-on-month in May, with the previous figure revised from 0.30% to 0.4%.

Singapore's seasonally adjusted retail sales fell 2.3% month-on-month in May, with the previous figure revised from 0.30% to 0.4%.
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