Consumer prices for electricity are detached from reality, the editor of Die Welt says Germany is heading for a “huge energy crisis,” a senior editor at one of the country’s most influential newspapers, Die Welt, warned on Wednesday.

[unable to retrieve full-text content]

Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday.