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According to the German business daily Handelsblatt, the ruling coalition parties in Germany have proposed a 27-point plan to cut energy costs.

2026-10-12

According to the German business daily Handelsblatt, the ruling coalition parties in Germany have proposed a 27-point plan to cut energy costs.

Other News
2026-10-12

CPCA said September passenger-vehicle exports (including complete cars and CKD) totaled 917,000 units, up 73.7% YoY and 3.2% MoM, representing 36% of manufacturers' passenger-vehicle sales (prior month 38%; same month in 2025 19%). New-energy vehicle

CPCA said September passenger-vehicle exports (including complete cars and CKD) totaled 917,000 units, up 73.7% YoY and 3.2% MoM, representing 36% of manufacturers' passenger-vehicle sales (prior month 38%; same month in 2025 19%). New-energy vehicles accounted for 60.8% of exports, up 21 percentage points YoY. Domestic brands exported 812,000 units, up 75% YoY; joint-venture and luxury brands exported 105,000 units, up 62% YoY.
2026-10-12

US Dollar: 1. Trump announced the formation of an investigative committee to review whether there are grounds to remove Federal Reserve Governor Cook. 2. Bessant hired Judy Shelton, Trump's previous nominee for the Federal Reserve Board, as an advi

US Dollar: 1. Trump announced the formation of an investigative committee to review whether there are grounds to remove Federal Reserve Governor Cook. 2. Bessant hired Judy Shelton, Trump's previous nominee for the Federal Reserve Board, as an advisor. 3. Bank of America strategists: If the Fed raises interest rates in October, signaling its willingness to act proactively in the face of inflation risks, long-term yields may stabilize. Euro: 1. ECB Governing Council member Kazaks: 2.5% is the upper limit of the ECB's neutral interest rate. 2. The ECB plans to launch a digital euro in 2029, with initial applications covering online shopping, physical stores, and personal transfers. 3. Bundesbank Executive Board member Theurer stated that the recent sell-off in the European bond market is a clear warning sign of fiscal risks. Pound Sterling: 1. The UK will launch a monthly inflation indicator similar to the US early next year. 2. S&P: Expects the Bank of England to raise its policy rate by 25 basis points by the end of 2026. Other: 1. Malaysia's Ministry of Finance projects economic growth of 4.2%-5.2% next year. 2. The Reserve Bank of India (RBI) launched a series of measures on Saturday to stabilize the rupee, which rose in the offshore market. 3. Canadian employment contracted more than expected in September, reducing the probability of a Bank of Canada rate hike in October from 40% to 27%. 4. Falling oil prices and corporate selling of US dollars boosted the South Korean won, which surged to a two-year high on Monday.
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