The German economy faces further decline unless major reforms are implemented, warned Clemens Fuest, head of the Munich-based ifo economic research institute. "Germany has been in economic decline for years. The situation is now dramatic," Fuest told the Bild am Sonntag newspaper. "While government spending continues to rise, private investment is falling," he said. "This puts Germany's prosperity in acute danger, because less private investment means less growth in the medium term, less tax revenue and therefore less money for state services." Fuest noted that the average standard of living h...
China and the United States have moved closer to resolving their tariff dispute, according to a senior Chinese official and US media. Both sides have reached a preliminary agreement, said Li Chenggang, vice minister of commerce, following talks with the US delegation. The accord must still undergo internal approval processes on both sides, Li added, although he provided no further details. The Wall Street Journal quoted US Treasury Secretary Scott Bessent as saying that a "successful framework" had been established ahead of the planned meeting between US President Donald Trump and Chinese Pres...
Benjamin Sesko played his part as Manchester United defeated Brighton & Hove Albion in the Premier League, with Matheus Cunha, Bryan Mbeumo, and Casemiro among the goals. It marked three wins on the bounce for Ruben Amorim, who has finally found his rhythm as Manchester United manager – something that was very much needed. The Red Devils were excellent against the Seagulls, with a standout individual performance from Bryan Mbeumo, but plenty of United’s side earned their plaudits. That includes Matheus Cunha, who scored his first goal in a United shirt and was spectacular throughout. Benjamin ...