Iran’s ballistic missile ranges - which include Londondon if they can reach Diego Garcia

This is fine gif

Christine Lagarde’s pay is 50% higher than disclosed by ECB Europe’s top central banker earns almost four times more than Fed chair Jay Powell, FT analysis shows

European Central Bank president Christine Lagarde’s full pay is more than 50 per cent higher than her disclosed salary, according to a Financial Times analysis. www.ft.com/content/c7cd...

Can anything halt the decline of German industry? Europe’s manufacturing champion is in free fall. Economists are suggesting radical steps to save what is left

Over the past few weeks, Sebastien Ash, Florian Müller and I took a deep dive into the demise of German manufacturing. The situation appears so bleak that it really blows my mind.

www.ft.com/content/239e...

Merz accused of using debt bazooka for welfare and tax cuts instead of investment Two prominent institutes and the Bundesbank sound alarm over use of new borrowings

German Chancellor Friedrich Merz has been accused by economists of channelling billions of euros of new debt intended for defence and infrastructure investments to fund a higher welfare budget and other ongoing expenditures.

on.ft.com/4qUndnM

ECB to kick off race for top roles as Lagarde era enters final stretch Four of six jobs on central bank’s executive board become vacant before end of 2027, including the presidency

The ECB will soon fire the starting gun on a sweeping reshuffle of its top ranks — a contest that will ultimately decide who succeeds its president Christine Lagarde. Klaas Knot, Joachim Nagel and Pablo Hernández de Cos are among the contenders. on.ft.com/3JoMCFC

RRX zwischen Aachen und Dortmund: National Express streicht am Wochenende alle RE4-Fahrten Zwischen dem Bahnunternehmen und den Aufgabenträgern in Nordrhein-Westfalen soll es Ärger geben. Der Betreiber der RRX-Züge lässt sämtliche Fahrten auf der wichtigen RE4-Verbindung am Samstag und Sonn...

FFS
www.spiegel.de/auto/rrx-zwi...

Rarely seen such a powerful @financialtimes.com reader‘s comment. I went off the sauce more than 1.5 years ago and my only regret is not having done it much earlier. My general wellbeing — including my mental health — improved beyond description.

on.ft.com/3L7IoCy

Porsche hits reverse on EV push as new CEO shifts back to petrol Luxury-car maker U-turns on strategy after China weakness, US tariffs and disappointing uptake of battery vehicles

Can Porsche be saved? Once one of the most reliable sources of profits for Volkswagen, it has plunged into its deepest crisis in three decades. Sebastien Ash & Kana Inagaki take stock - they even talked the the new CEO (when he still was at McLaren.) www.ft.com/content/a0c3...

I did not design the coin 🤷‍♂️

Man darf, aber man kann nicht (zumindest vorerst)

Germany shelves commemorative coins over surging silver price Value of precious metal exceeds face value of €20 and €25 collectibles

Crazy days... who would have thought that there would be a day when I mention Tuffi, the circus elephant who famously jumped out of Wuppertal's suspension monorail in 1950 when a PR stunt went wrong, and roman emperor Nero in the very same FT article?

www.ft.com/content/0400...

German banks push private equity funds to retail investors Lenders from Deutsche Bank to Trade Republic are trying to woo customers to the asset class

German banks push private equity funds to retail investors on.ft.com/4qgUYjb

This post on the ECB's blong about the science behind this year's Economic Nobel laureates, is rather good: www.ecb.europa.eu/press/blog/d...

Rapha is in crisis mode with plunging sales and big losses - how Fran Millar, the fourth CEO in three years, wants to fix the cycling fashion brand. www.ft.com/content/8b55...

Industrieproduktion ist im August auf Niveau von 2005 eingebrochen - und 20% unter dem Peak von 2017. Die Autoproduktion liegt derzeit auf dem Niveau von 2000 und ist 60 Prozent unter dem Allzeit-Hoch. www.ft.com/content/745f...

also note we are not talking about Germany's competitiveness but about firms' competitiveness

Raub = Gewalt im Spiel

Vielleicht erklärt dem SPIEGEL jmd bei Gelegenheit den Unterschied zwischen RAUB und DIEBSTAHL?

the more relevant chart in the competitiveness context / labour costs is this one

In charts: Can Germany afford its €1.35tn welfare state? [FREE TO READ] Chancellor Friedrich Merz wants benefit cuts, but his coalition partners are pushing back

on.ft.com/4gwD4US In charts: Can Germany afford its €1.35tn welfare state? @chassnews.bsky.social @olafstorbeck.ft.com

doyou think share of GDP was hih in 2008 under current definitions?

Also trend since 2009 is very clear: welfare spending is on a rising trajectory and expenses are rising faster than nominal GDP

Chart is straight out of official government reporting www.bmas.de/SharedDocs/D...

Did you read the piece

In charts: Can Germany afford its €1.35tn welfare state? Chancellor Friedrich Merz wants benefit cuts, but his coalition partners are pushing back

Dating back to the days of Otto von Bismarck, German’s welfare spending is at
all time high. It’s not v good at fighting poverty and set to become even more €€€. Joint work with @chassnews.bsky.social and @claradoodle.bsky.social
on.ft.com/4mqdq5G

Erinnert mich an das Schild am Reibekuche-Stand auf dem Düsseldorfer Karlsplatz ”Vorsicht Fettspritzer - keine Haftung!”

ECB’s unlikely €6.9mn school bailout funds classrooms in containers [FREE TO READ] Central bank provides emergency help to oversubscribed Frankfurt European school after plan for new premises fails

Längerer Text online hier (Link führt 300x hinter die Paywall) on.ft.com/3Ip1NOr

Bei der Führung durch die neuen Container der Europäischen Schule Frankfurt dachte ich ja, ich hätte mich in der Adresse geirrt und würde ein Flüchtlingsheim besuchen