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German budget plans outline vast spending - and record debt
German budget plans outline vast spending - and record debt
Business and Economy
by  AFP

Germany's government pledged Tuesday to make massive new investments by taking on record debt as it presented its budget plans with the aim of reviving the economy and building up the military. "Our primary goal is to boost the economy, to secure jobs in our country and to create new ones," said Finance Minister Lars Klingbeil, presenting the budget plans.

Oil prices drop as Israel agrees to ceasefire proposal
Oil prices drop as Israel agrees to ceasefire proposal
Business and Economy
by  AFP

Oil prices sank 3.5 percent Tuesday after Israel said it had agreed to US President Donald Trump's proposal for a bilateral ceasefire with Iran. At around 0830 GMT on Tuesday, Brent was down 3.5 percent at $69.00 per barrel, while the main US crude contract WTI was 3.5 percent lower at $66.10 per barrel.