BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next three years, sending a signal of confidence in Europe's biggest economy as the new government tries to breathe new life into it.
The economy has shrunk for the past two years and is expected to stagnate this year. Chancellor Friedrich Merz's administration has made revitalizing it a top priority since it took office May 6.
It has launched a program to encourage investment and set up a 500 billion euro fund to pour money into Germany’s creaking infrastructure over the next 12 years. It is promising to cut red tape and speed up the country's lagging digitization.
On Monday, Merz welcomed representatives of an initiative titled “Made for Germany” to the chancellery to send a signal of confidence from and to private investors. The group currently includes 61 companies from across the economy, among them industrial conglomerate Siemens and financial giant Deutsche Bank.
“The investments by the initiative are a very powerful signal that we are now experiencing a shift in sentiment and consolidating it," Merz said. “The message ... is very clear: Germany is back. It's worth investing in Germany again. We are not a location of the past, but a location of the present and above all the future.”
He stressed that private investment is crucial to encouraging growth.
The overall figure pledged Monday includes at least some already planned investments. Merz said the plans include investments in new facilities and in modernizing infrastructure, in research and development.
Deutsche Bank CEO Christian Sewing praised the new government as being “determined to end the reform backlog that has slowed us down for too long.” But he said that it still needs to do more, and the companies “encouraged” the government “to continue the course of reform.”
“Our priorities are clear: We want economic growth, we want to strengthen Germany's competitiveness, we want to defend or further expand our technological leadership and we want to bring our infrastructure into the digital age,” Siemens CEO Roland Busch said.
BARCELONA, Spain (AP) — Real Madrid was jeered by its disgruntled fans before Kylián Mbappé scored to spark a 2-0 win over Levante in La Liga on Saturday.
Spectators at the Santiago Bernabeu whistled, booed and waved white handkerchiefs before the opening kickoff to express their anger after back-to-back losses and a sudden coaching change.
Madrid fired Xabi Alonso after last weekend’s loss to Barcelona in the Spanish Super Cup final only for the team to then lose to a second-tier side in the Copa del Rey in the debut of Alonso’s replacement.
New coach Álvaro Arbeloa, who was promoted from the B team, as well as his players could have ill afforded another slip against a relegation-threatened Levante in front of their home supporters.
Levante, however, generated as much in attack as Madrid did in the first half. It took a penalty converted by Mbappé in the 58th to break the deadlock after the striker was fouled by Adrián de la Fuente.
Raúl Asencio thumped in a header after a corner kick by Arda Guler to double the lead in the 65th.
“It was important to win today,” Arbeloa said. “We knew where we were coming from. We had had a difficult week that was not easy to overcome. We did so by winning in front of our fans.
"I have always respected (the fans) of the Bernabeu. I was whistled at (when I was a Madrid defender), and what makes this club great is the degree of excellence demanded of it.”
Vinícius Júnior, who reportedly did not see eye to eye with Alonso, was among the players who received the loudest jeers. Some fans also shouted at club president Florentino Pérez for his handling of the Alonso firing and the subpar play of the team.
Mbappé, who appeared in only one of Madrid’s last four games, was back starting after recovering from a left knee sprain.
Jude Bellingham and other regulars were also in the lineup after Arbeloa left the England midfielder and other key players off his squad for the humbling loss at Albacete on Wednesday in the Copa del Rey.
Madrid, despite its trouble, closed to within one point of Barcelona before the leader visits Real Sociedad on Sunday.
Third-placed Villarreal stumbled after losing at Real Betis 2-0, staying eight points off Barcelona's pace.
Aitor Rubial and Pablo Fornals scored in the second half for the hosts as Betis remained in sixth.
Mallorca's Vedat Muriqi scored a hat trick to lead a 3-2 win over Athletic Bilbao.
The Kosovo striker scored early and capitalized on two penalties. He scored a rebound of a save of his first spot kick by Unai Simón before Nico Williams leveled it at 2-2 before halftime. Muriqi then converted a second penalty with 20 minutes left.
Osasuna beat bottom side Oviedo 3-2.
AP soccer: https://apnews.com/hub/soccer
Real Madrid's head coach Alvaro Arbeloa watches from the sideline the Spanish La Liga soccer match between Real Madrid and Levante in Madrid, Spain, Saturday, Jan. 17, 2026. (AP Photo/Jose Breton)
Real Madrid's Raul Asencio celebrates after scoring his side's second goal during the Spanish La Liga soccer match between Real Madrid and Levante in Madrid, Spain, Saturday, Jan. 17, 2026. (AP Photo/Jose Breton)
Real Madrid's Raul Asencio, right, celebrates with teammate Kylian Mbappe after scoring his side's second goal during the Spanish La Liga soccer match between Real Madrid and Levante in Madrid, Spain, Saturday, Jan. 17, 2026. (AP Photo/Jose Breton)
