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PRESS DIGEST- Financial Times - March 5

ReutersMar 5, 2025 2:47 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Germany’s Merz strikes ‘game-changing’ deal to boost defence spending

- Apple launches legal challenge to UK ‘back door’ order

- BaFin fines Deutsche Bank 23 million euros for string of regulatory lapses

- Volodymyr Zelenskiy says Ukraine ‘ready’ to talk peace in bid to placate Donald Trump

Overview

- The parties hoping to form Germany's next government on Tuesday agreed to create a 500 billion euro ($530.30 billion)infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military and revive growth in Europe's largest economy.

- Apple AAPL.O is stepping up its fight with the British government over a demand to create a “back door” in its most secure cloud storage systems, by filing a legal complaint that it hopes will overturn the order.

- German financial watchdog Bafin on Tuesday fined Deutsche Bank DBKGn.DE 23.05 million euros ($24.45 million) over breaches in the sale of derivatives in Spain and two other failings at its Postbank business.

- Ukrainian President Volodymyr Zelenskiy pledged to repair relations with the U.S. on Tuesday after what he described as a "regrettable" Oval Office clash with U.S. President Donald Trump last week, while the fate of a much-debated minerals deal remained unclear.

($1 = 0.9429 euros)

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