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Europe's Motor Just Veered Into a Post-Pandemic Ditch

(Bloomberg) The full extent of Germany’s industrial decline in 2023 will be revealed in the coming week with a raft of data that’s likely to hit a new post-pandemic low.Most Read from BloombergPowell Tells ‘60 Minutes’ Fed Is Wary of Cutting Rates Too SoonMusk Took Drugs With Some Tesla Board Members, WSJ SaysWhy NYC Apartment Buildings Are on Sale Now for 50% OffWorld Cup 2026 Final Goes to NYC in Victory Over Dallas, LARed Sea Danger Is Spurring Global Oil Buyers to Go LocalThree days of re ....

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Europe's Motor Just Veered Into a Post-Pandemic Ditch

(Bloomberg) The full extent of Germany’s industrial decline in 2023 will be revealed in the coming week with a raft of data that’s likely to hit a new post-pandemic low.Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveJapan Assures Fans Taylor Swift Can Make It to the Super BowlMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryUS Hits Iran’s Militias in Syria, Iraq, Raising Escalation FearsChina’s Lunar New Year Pork Gloom Exposes Deep Economic Tro ....

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Bundestag Grants Approval to 2024 Federal Budget

Bundestag Grants Approval to 2024 Federal Budget
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German parliament signs off on 2024 budget after late wrangling

The lower house of the German parliament, or Bundestag, finalized its 2024 budget on Friday, agreeing to keep the so-called debt brake and borrow around €39 billion ($42.5 billion). After a delay of several weeks, the hard-fought budget was passed and provides for expenditures of €476.8 billion. If borrowing remains at €39 billion, the debt brake would be adhered to again for the first time since the outbreak of the coronavirus pandemic. Germany's Basic Law aims to limit borrowing but allows for ....

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