Europe News
Germany targets major stake in Europe’s tank titan KNDS
The KNDS weapons group is a merger between France’s Nexter and Germany’s Krauss-Maffei Wegmann weapons firms. The German state is set to initially own 40% of the company with plans to reduce its stake to 30% within two to three years.
The Ring
Is Germany the sick man of Europe again? The Ring in Berlin
In this episode of Ring, recorded in the German capital, it’s Bundestag vs. European Parliament: Christian Democrat Sepp Müller and Leftist Martin Schirdewan go head to head to discuss the reform backlog in the EU’s largest economy.
Markets
German stocks drop as Merz stumbles in historic Bundestag defeat
German stocks fell and bund yields rose after Friedrich Merz failed to secure a Bundestag majority, marking a historic political setback. The DAX dropped 1.5%, with industrial stocks hit amid rising uncertainty over Germany’s economy.
Europe News
German opposition leader Merz's migration plan passes parliament
The CDU party chief, who leads in the polls to become the next chancellor, said he would collect votes from all parties to push his five-point migration plan through parliament despite Chancellor Olaf Scholz's strong opposition.