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Good morning from the Financial Times.
Today is Monday, March 31, and this is your FT news briefing.
Germany's spending push is driving up European borrowing costs and coreweave's IPO is testing the market's faith in AI.
Plus, black market traders in Gaza have created a big business since selling cash.
That means that regular people are paying right now rates of 30% for hard currency.
I'm Kasha Bresalian and here's the news you need to start your day.
Germany wants to spend more money on defense,
but that might make it harder for other European governments to do the same.
It all has to do with higher bund yields.
They've gone up quite a bit this month.
And since Germany's bond market acts as Europe's benchmark,