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The euro fell below 0.85 against the pound sterling (EUR/GBP) for the first time since June 2025, down 0.29% on the day.

2026-07-15

The euro fell below 0.85 against the pound sterling (EUR/GBP) for the first time since June 2025, down 0.29% on the day.

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2026-07-15

Germany will cut over €30 bln from its Climate and Transformation Fund by 2030 and shift part of the money into the federal budget, the cabinet approved. The plan reduces fund spending by €19.7 bln over the next four years and transfers a further €13

Germany will cut over €30 bln from its Climate and Transformation Fund by 2030 and shift part of the money into the federal budget, the cabinet approved. The plan reduces fund spending by €19.7 bln over the next four years and transfers a further €13.2 bln to the federal budget. The coalition led by Chancellor Merz and Finance Minister Klingbeil had previously allocated €10 bln to the fund; some projects backed by the fund will face funding cuts as part of public spending consolidation. The government said the reductions are partly justified by a separate multibillion-euro subsidy scheme to lower electricity costs for energy‑intensive firms, which requires participating companies to invest in reducing production-related emissions.
2026-07-15

Envision Power said its Yichang super factory has started production. The plant makes the world's largest prismatic-wound 790Ah energy-storage cell with an energy density of 440 Wh/L; over 50% of that cell capacity is already reserved by overseas ord

Envision Power said its Yichang super factory has started production. The plant makes the world's largest prismatic-wound 790Ah energy-storage cell with an energy density of 440 Wh/L; over 50% of that cell capacity is already reserved by overseas orders, effectively making initial output export-oriented. Yichang is promoted as the first global 100+ GWh full-chain energy-storage base: phase I targets 40 GWh of cell capacity and began construction in October 2025, while phase II — planned for 60 GWh of cells and 60 GWh of storage-system capacity — started construction in April this year.
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