-
Tanker pays record $5.3 mn to transit Panama Canal: administrator
-
China's help critical, but unlikely, for US to choke off Iran
-
US court rules Pentagon ban of Anthropic unlawful
-
Labor Day 2026: Complete Starter Tool Kit Under $375
-
OpenAI Tests 'Persistent Mode' for Codex AI Agent
-
YZi Labs Backs TermMax to Advance On-Chain Bond Market Infrastructure
-
Severe Thunderstorms Hit Eastern Australia After SA Deluge
-
S.Africa sounds alarm as infant vaccinations plummet
-
Finland defends shores against oil spill risk
-
Germany-led 'frugal' EU states demand budget plan cuts of 'several hundred billion'
-
Stocktwits Expands CME Group Alliance with the Integration of Single Stock Futures Data
-
MEXC Launches SHEIN Subscription with $1M Quota as Inaugural IPO Express Event
-
Germany's Merz hosts 'frugal' leaders ahead of EU budget battle
-
Norway holds its breath as King Harald's health deteriorates
-
Germany reports record 15,800 heat-related deaths this summer
-
Norway's King Harald, 89, in 'extremely serious' condition
-
TechCentral.ie Daily Briefing: Agentic AI Firm Doubles Headcount to 60
-
KiiChain Integrates TRON to Expand 24/7 On-Chain FX and Stablecoin Payments
-
Harmovest Capital Strengthens Global Financial Services Through Technology and Compliance
-
Nvidia to buy AI platform Hugging Face for $12.9 bn: report
-
'Housing First' approach gets Swedish city's homeless off streets
-
Search for 1,300 missing after deadly Nepal-Tibet floods
-
Once a top export, prized Kashmir carpet fades
-
Search for 1,000 missing after deadly Nepal-Tibet floods
-
Search for missing after Nepal-Tibet floods kill 165
-
Qantas says profits slump as fuel costs surge
-
'Be more honest': Markets crave clarity from cryptic Fed chair
-
Lofty bond yields, Bessent's intervention pose challenge to Fed's Warsh
-
Meta, US states agree $18 bn settlement in landmark teen safety case
-
What scientists know so far about Nepal's deadly floods
-
How we might hear new Dolly Parton music in the future
-
Nvidia doubles revenue, forecasts even more AI spending
-
Canada renews push to boycott US products
-
Why Global Finance Still Relies on Wall Street Despite Diversification Trends
-
Stocks mixed as oil drops, US inflation stays high
-
Bolivia's Paz appoints new economy minister amid bailout talks
-
How narwhal 'scientists' track Arctic warming
-
Essential Dolly: five key Parton songs
-
Rent TRON Energy and Reduce USDT Fees : TronBid Expands Marketplace
-
Bill Gates warns world unprepared for AI upheaval
-
Prince Harry and family arrive back in Britain: UK media
-
MEXC TradFi Gala Concludes With Over 170,000 Registrations and $4.3 Billion in Daily Trading Volume
-
Flags lowered across US for country music legend Dolly Parton
-
Too hot to incubate: Nile crocodiles hatch on their own in French reserve
-
With ropes and chants, thousands move Japanese castle
-
Meta and US states discuss settlement in landmark social media trial: report
-
Fire haze threatens health of millions in Indonesia, ministry warns
-
Iceland to vote on resuming EU talks in close referendum
-
'Our patron saint': Tennesseans mourn local hero Dolly Parton
-
Pakistan's girls fight for their place in the boxing ring
Germany's Merz hosts 'frugal' leaders ahead of EU budget battle
German Chancellor Friedrich Merz on Thursday welcomed for Berlin talks the leaders of three fellow "frugal" EU members -- Austria, Denmark and Finland.
Their meeting comes as the 27-member European Union braces for tough negotiations to agree a joint budget for the seven-year stretch 2028-34.
Merz has demanded the European Commission slash its nearly two trillion euro ($2.3 trillion) budget proposal by hundreds of billions, calling the plan "unaffordable".
To hammer out a joint position, he will hold talks with Austria's Chancellor Christian Stocker and prime ministers Mette Frederiksen of Denmark and Petteri Orpo of Finland.
The EU's "frugal" members -- which also include the Netherlands and Sweden -- tend to demand tighter spending discipline, traditionally putting them at odds with countries including Italy, Spain and Poland which support a bigger budget.
European Council chief Antonio Costa kicked off a tour of EU capitals this week bidding to hammer out a compromise on the budget -- with the clock ticking down to a December deadline.
The EU wants a budget agreed before 2027, when elections in several member states -- including key power France, where the far right is riding high -- could complicate any grand bargain.
The arm-wrestling will kick off in earnest at a Brussels summit in October, with a likely second meeting in November, before a grand finale in December when leaders will look to seal the deal.
Merz already called on the EU executive to reduce its initial budget plan, speaking in Dublin late last month alongside Micheal Martin, prime minister of current EU presidency Ireland.
"We need a budget proposal with cuts in all areas adding up to several hundred billion euros," Merz said then. "We cannot afford exorbitant increases in spending" at a time budgets are being consolidated at a national level.
Merz also said it was "unacceptable" to add 2,500 new jobs at EU institutions and urged a "thoroughgoing reduction in bureaucracy".
D.Philippon--CPN