Germany

The EU’s six largest economies are urging Brussels to accelerate the long-awaited integration of capital markets to “strengthen Europe’s growth potential”, according to a letter sent on Tuesday to the Eurogroup boss and several EU commissioners.

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The finance ministers of France, Germany, Italy, the Netherlands, Poland and Spain say that making tangible progress on the rebranded “Savings and Investment Union” has become an “urgent necessity,” pledging to push “this important project forward”, in a letter addressed to EU economy chief Valdis Dombrovskis and Eurogroup President.

“Deeper and more integrated capital markets would strengthen Europe’s growth potential, enhance its economic sovereignty and provide a stronger foundation for financing common priorities,” the letter said.

In particular, the ministers call on EU institutions to reach an agreement among member states by summer on one of the key elements of the capital markets integration agenda: the Market Integration and Supervision Package (MISP).

The MISP is a set of legislative proposals by the European Commission aimed at strengthening the supervision of financial market infrastructures across the bloc and improving how they operate.

“A central purpose of the package is to remove national barriers and to improve cross border distribution of investment funds, so investors have better access to the EU capital markets and companies benefit from deeper pools of capital”, the letter says.

The six countries also ask the EU to advance its digital payments agenda, specifically by promoting private pan-European payment networks that can compete with US-based Visa and Mastercard, and by accelerating the adoption of the digital euro.

Agreement by the summer

Capital markets allow companies and governments to raise funds by selling assets such as shares or bonds to investors.

To strengthen and integrate these markets across the EU, the European Commission has proposed a series of legislative measures under the Savings and Investment Union package.

In recent months, EU countries and institutions have signalled a more ambitious goal, aiming for an agreement among co-legislators on most of the SIU legislation by June.

However, EU countries are not fully aligned on the technical aspects of capital markets integration, causing delays to the broader strategic agenda.

Another key legislative proposal is the revisions of the securitisation framework, which are EU rules introduced in 2019 with the objective of ensuring safer market practices, to avoid other financial crisis such as the 2008 global shock.

The revision, which aims to simplify certain requirements and reduce high operational costs, is to be approved by autumn 2026, according to signatories.

Digital payments

The six EU countries also support the development of additional pan-European private digital payment solutions, viewed as a key pillar of the EU’s strategic autonomy, since most digital payments are currently processed through US-based infrastructures.

According to 2025 European Central Bank data, Mastercard and Visa account for 61% of card payments and nearly 100% of cross-border ones.

In this context, the six countries are also calling for an accelerated rollout of a public digital payment solution: the digital euro. Currently under negotiation, it would be an electronic form of cash issued by the European Central Bank, serving as an additional payment option alongside cash and bank-issued cards.

The project is facing significant delays in the European Parliament. In particular, the leading rapporteur on the file, the Spanish centre-right MEP Fernando Navarrete, is pushing to reduce the scope of the digital euro to offline payments only, in order to avoid competing with other private infrastructure, such as Visa and Mastercard.

“We push for swift conclusions of the legislative process of the digital euro and we invite the European Parliament to follow the Council’s approach to establish the digital euro (in both its online and offline modalities) as a comprehensive, interoperable and sovereign European payment solution for European citizens”, the six countries wrote in the letter.

The co-legislators initially aimed for full adoption of the digital euro by the end of 2026. However, due to delays in the parliament, the six countries have not set a specific adoption deadline.

Pro-Palestinian German activist Yasemin Acar told Al Jazeera about what she says was harassment at a Berlin airport where she recorded a border guard asking about her destination because of concerns over “hostility towards Israel”.

German Chancellor visits eastern city, home to AI firm DeepSeek and e-commerce giant Alibaba, with business leaders.

German Chancellor Friedrich Merz has arrived in the tech hub of Hangzhou on the second day of his first official trip to China, flanked by a delegation of business leaders seeking contracts in the eastern city.

Merz travelled from Beijing to the city of some 12 million people on Thursday, where he was due to tour some leading companies, including Germany’s Siemens Energy and Unitree, a Chinese firm producing humanoid robots.

Hangzhou is a major hub in China’s tech sector, home to giants, including artificial intelligence company DeepSeek and e-commerce platform Alibaba.

Before leaving Beijing, Merz, who is being accompanied by a delegation, including executives of German car giants Volkswagen, BMW and Mercedes, visited a Mercedes plant in the Chinese capital where he tested a self-driving vehicle.

‘Improved’ trade relationship sought

Merz’s trip to China, which became Germany’s largest trading partner last year, seeks to deepen decades-old economic ties with the world’s second-largest economy in the wake of tariffs imposed by the United States last year.

But he has also sought to address “challenges” in the relationship, most notably tackling the massive imbalance which saw Germany’s trade deficit with China hit a record 89 billion euros ($105bn) last year, fuelling complaints from German businesses that Chinese competitors are flooding the market with cheaper goods.

In a meeting with Chinese Premier Li Qiang in Beijing on Wednesday, before he met Chinese President Xi Jinping, Merz said he wanted “to improve and make fair” the cooperation between the countries.

Following the talks with Xi and top Chinese leaders, Merz said China had agreed to buy up to 120 Airbus aircraft, and said other contracts were in the pipeline.

The two leaders stressed their commitment to developing closer strategic relations, with Xi telling Merz he was willing to take relations to “new levels”.

Ukraine, Taiwan discussed

The talks between Xi and Merz also touched on geopolitical issues, with the German leader saying any “reunification” with Taiwan, the self-ruled island China claims as its territory, must be done peacefully.

Merz also told reporters that he asked the Chinese government to use its influence with Russia to help end the war in Ukraine, amid frustrations among European leaders that Beijing was not doing enough to bring the war to an end.

“We know that signals from Beijing are taken very seriously in Moscow,” Merz said.

Following the meeting, the two countries released a joint statement saying they supported efforts to achieve a ceasefire and lasting peace in Ukraine, emphasising the importance of fair competition and mutual market access, and committing to resolving any concerns through dialogue, Chinese state media reported.

Merz is the latest in a string of Western leaders to visit Beijing in recent months, including the United Kingdom Prime Minister Keir Starmer, French President Emmanuel Macron and Canadian PM Mark Carney, amid the fallout from the Trump administration’s tariffs on long-established trade partners.

Dozens of actors and directors, including Javier Bardem and Tilda Swinton, have condemned the Berlin International Film Festival for its “anti-Palestinian racism” and urged organisers to clearly state their opposition to “Israel’s genocide” in Gaza.

In an open letter published in Variety on Tuesday, the 81 film workers also denounced comments by this year’s president of the awards jury, Wim Winders who – when asked about Gaza – said, “We should stay out of politics”.

They noted that the festival’s stance stands in direct contrast to its policy on Russia’s war on Ukraine and on the situation in Iran.

All of the signatories are alumni of the festival, which is also known as the Berlinale, and include actors Cherien Dabis and Brian Cox, as well as directors Adam McKay, Mike Leigh, Lukas Dhont, Nan Goldin, and Avi Mograbi.

In their letter, the film workers expressed dismay at the Berlinale’s “involvement in censoring artists who oppose Israel’s ongoing genocide against Palestinians in Gaza” and the German government’s key role in enabling the atrocities.

They said the festival has been policing filmmakers, and listed several examples from last year’s Berlinale.

“Last year, filmmakers who spoke out for Palestinian life and liberty from the Berlinale stage reported being aggressively reprimanded by senior festival programmers. One filmmaker was reported to have been investigated by police, and Berlinale leadership falsely implied that the filmmaker’s moving speech – rooted in international law and solidarity – was ‘discriminatory’,’ they wrote.

“We stand with our colleagues in rejecting this institutional repression and anti-Palestinian racism,” they added.

The film workers said they “fervently disagree” with Wenders’s statement that filmmaking is the “opposite of politics”, saying, “You cannot separate one from the other.”

Their letter comes days after Indian author Arundhati Roy said she was withdrawing from this year’s festival after what she called “unconscionable statements” by jury members, including Wenders.

This year’s festival runs from February 12 to 22.

The film workers noted that the Berlinale’s actions come at a time when the world is learning “horrifying new details about the 2,842 Palestinians ‘evaporated’ by Israeli forces” in Gaza through thermobaric weapons made by the United States.

An Al Jazeera investigation, published last week, documented how these weapons – which are capable of generating temperatures exceeding 3,500 degrees Celsius (6,332 degrees Fahrenheit) – leave behind no remains other than blood or small fragments of flesh.

Germany, too, has been one of the biggest exporters of weapons to Israel despite the evidence of Israel’s atrocities. It has also introduced repressive measures to discourage people from speaking out in solidarity with Palestinians, including in the arts.

In their letter, the Berlinale alumni noted that the international film world is increasingly taking a stance against Israel’s genocidal actions.

Last year, major international film festivals – including the world’s largest documentary festival in Amsterdam – endorsed a cultural boycott of Israel, while more than 5,000 film workers have pledged to refuse work with Israeli film companies and institutions.

Yet, the film works said, the Berlinale “has so far not even met the demands of its community to issue a statement that affirms the Palestinian right to life, dignity, and freedom”.

This is the least it can and should do, they said.

“Just as the festival has made clear statements in the past about atrocities carried out against people in Iran and Ukraine, we call on the Berlinale to fulfil its moral duty and clearly state its opposition to Israel’s genocide, crimes against humanity and war crimes against Palestinians, and completely end its involvement in shielding Israel from criticism and calls for accountability,” they added.

CORTINA D’AMPEZZO, Italy — It’s all downhill after 40.

Downhill at screaming speeds, that is, fast enough to capture Olympic gold, which is precisely what 41-year-old Elana Meyers Taylor did Monday night in the women’s monobob.

America’s most successful female bobsledder finally got her gold medal. She was four one-hundredths of a second faster than Germany’s Laura Nolte — compiled over four heats — netting her sixth Olympic medal.

Those prizes — a gold, three silvers and two bronzes — tied Meyers Taylor with speedskater Bonnie Blair as the most decorated U.S. woman in Winter Olympic history.

“I still can’t even put into words what this means having the gold medal,” Meyers Taylor said. “It’s still surreal.”

She became the oldest American woman to win a gold medal at the Winter Games, having covered the winding course four times in two days in a total of 3 minutes, 57.93 seconds.

American gold medalist Elana Meyers Taylor and bronze medalist Kaillie Humphries pose for a photo during the medal ceremony for monbob bobsled in Cortina d’Ampezzo, Italy, on Monday.

(Julian Finney / Getty Images)

Monobob is a women’s event that made its debut at the Beijing Olympics four years ago. Only one person competes, pushing the sled at the start and piloting down the course at speeds of 70 to 80 mph. There were 20 competitors in the inaugural event, and American Kaillie Humphries — who claimed the bronze Monday — won the first gold medal in the event.

The triumph came after Meyers Taylor went a whole World Cup season without standing on a podium, finishing 10th in the standings.

“The season was miserable,” she said, noting she has suffered back problems for months.

Her husband and two young children were waiting for her at the finish line, and Meyers Taylor is about as down-to-earth as an elite athlete can get. Both of their children have special needs and are deaf.

American Elana Meyers Taylor celebrates after winning the monobob bobsled competition in Cortina d’Ampezzo, Italy, on Monday.

(Al Bello / Getty Images)

She taught them some new words in sign language in the days leading up to the race.

“We went over what ‘champion’ is,” she said, adding she also taught them to sign “bobsled race” and “gold.”

Asked about her pre-race assessment that a gold medal would mean everything and nothing to her, she smiled and said: “It still is everything, and it still is nothing. Because at the end of the day, in six days I’ve got school pickups and dropoffs in the middle of Texas.”

Humphries — who has three golds and two bronzes in her career — was tied with Meyers Taylor heading into the fourth and final heat. They are both mothers who split time between intense training and all the challenges of parenthood.

“I hope it inspires other people to go out and chase it, whatever it may be,” said Humphries, 40.

“I grew up in a sport where if you have kids once you get to 40, it’s all downhill and alumni … I get to be proof that that’s not true.”

American gold medalist Elana Meyers Taylor and bronze medalist Kaillie Humphries celebrate with Humphries’ son after the monobob competition at the Winter Olympics in Cortina d’Ampezzo, Italy, on Monday.

(Julian Finney / Getty Images)

Meyers Taylor, who was born Oct. 10, 1984, is eight days older than American ski racing legend Lindsey Vonn, who is recovering from a violent crash in the women’s downhill and has undergone multiple operations in the last week.

“I was at the Alpine race when she went down, and that was heartbreaking,” Meyers Taylor said.

“To do that at 41, she’s incredible.”

Humphries said staying atop the sport will be quite a challenge for the monobob medalists.

“These girls are young,” she said. “They’re putting up a good fight. I won’t lie, the starts are challenging, so we’ve got some work to do.”