Germany's parliament voted Tuesday in favor of incoming chancellor Friedrich Merz's massive debt reform, which will free up hundreds of billions of euros for Europe's defenses amid Russia's ongoing war in Ukraine.

Germany's outgoing parliament on Tuesday passed a massive increase in government borrowing, including a sweeping change to the country's debt rules.

Germany's would-be next chancellor, Friedrich Merz, won lawmakers' approval to loosen strict debt rules for higher defense spending as doubts mount about the strength of the trans-Atlantic alliance.

European markets held firm on Tuesday ahead of German lawmakers voting on a landmark overhaul to government spending, while uncertainty over a call on Ukraine between U.S. President Donald Trump and Russia's Vladimir Putin kept gold at $3,

Apple lost its challenge at Germany's top civil court on Tuesday against its classification as a significant market power, a label which gives antitrust regulators more scope and flexibility to scrutinise its business practices.

Apple Inc. lost its fight at Germany’s top civil court to overturn a regulator’s decision to put it under tighter antitrust scrutiny alongside other US tech giants.