EU trade commissioner Maroš Šefčovič says tariff talks with US ‘moving in right direction’; stock markets rise, Germany’s Dax hits record high on tax relief package

The German stock market has risen, after the country’s cabinet approved a first tax relief package worth €46bn, from 2025 to 2029, to support businesses and revive the sluggish economy.

The government wants to boost investment with measures such as favourable depreciation options for companies, including a ‘super depreciation’ of 30% a year, over three years, to ease the tax burden on business.