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Scholz defends spending as budget crisis rocks Germany
Scholz defends spending as budget crisis rocks Germany
Economy
by  AFP

German Chancellor Olaf Scholz on Tuesday staunchly defended his government's record on spending after a bombshell court ruling on crucial debt rules sparked a budget crisis. But the ruling is also impacting other "off budget" funds, with the government now having to account for the extra spending in its main budget.

EasyJet returns to profit but warns of Gaza war impact
EasyJet returns to profit but warns of Gaza war impact
Economy
by  AFP

British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results. EasyJet chief executive Johan Lundgren gave an upbeat outlook, even if the group saw a negative impact from the Israel-Hamas war.