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Germany’s finance minister Lars Klingbeil has blamed former US President Donald Trump’s “irresponsible war in Iran” for a sharp decline in Germany’s expected tax revenues. Speaking in Berlin, he said the conflict had triggered a “global energy shock,” contributing to weaker economic performance. German authorities have cut projected tax revenues for 2026–2030 by about €70
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Commerzbank announced plans to cut 3,000 jobs and raise its long-term profit targets as it fights to remain independent amid a takeover attempt by Italy’s UniCredit. The German bank said the restructuring would strengthen revenue and profitability by 2028, while criticizing UniCredit’s €37 billion takeover proposal as unclear and risky. Commerzbank also expects around €450
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Russia and Ukraine accused each other of violating a two-day ceasefire announced by Russian President Vladimir Putin during celebrations marking the Soviet Union’s victory over Nazi Germany in World War Two. Moscow claimed Ukrainian drones and artillery targeted Russian regions including Belgorod, Kursk, Moscow, and Perm, while Kyiv said Russian forces continued overnight
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A French academic, Florent Montaclair, is under investigation after allegedly creating a fictitious international award in philology and awarding it to himself. Authorities say he also invented the “International Society of Philology,” which supposedly presented him with a Gold Medal of Philology in 2016 at a ceremony held at the French National Assembly attended by […]