The new British Labour government is providing 8.6 billion euros for the decarbonization of heavy industry with the national wealth fund. Five sectors will be prioritized.
By Lukas Bayer
China did not approve any CO2-intensive steel plants in the first half of 2024. Analysts see this as a potential turnaround. The sector's slow decarbonization could gain momentum.
By Nico Beckert
The CDU/CSU group in the European Parliament is proposing a European Steel Pact. Lower energy prices should make local production cheaper. At the same time, it wants to create more European demand.
By Alina Leimbach
Microsoft employees in China will no longer be allowed to use Android smartphones. The company is responding to growing security risks.
By Fabian Peltsch
The German government had prohibited Volkswagen from selling MAN Energy Solutions' gas turbine business to the Chinese firm CSIC Longjiang. Now, VW is shutting down the business entirely.
By Felix Lee
Consumer prices in China are rising more slowly than expected and producer prices are even falling. Thus, the deflationary pressure persists. The reasons include continued weak consumption, indicating significant uncertainty among the population.
By Felix Lee
China's overproduction of solar panels is a problem even within the country itself. The government is now aiming to tackle this issue with stricter capital requirements.
By Felix Lee
Christian Democrats, Socialists, Liberals and Greens agree on how they want to divide up the posts that actually belong to the radical right-wing group. The German CDU/CSU group could be given the chairmanship of the Transport Committee.
By Markus Grabitz
The AfD delegation has founded a parliamentary group in the European Parliament with partners. Former top candidate Maximilian Krah is not a member. The group is not entitled to any posts in the European Parliament.
By Markus Grabitz
In a lengthy discussion in the Permanent Representatives Committee, the ambassadors of 25 EU states criticized the Hungarian Council Presidency for Orbán's trip to Moscow. Meanwhile, Hungary defended itself to the press in Brussels.
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