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French Finance Minister: The government aims to reduce the deficit to below 5% by 2026.
2026-06-26
French Finance Minister: The government aims to reduce the deficit to below 5% by 2026.
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2026-06-25
China State Planner and the National Energy Administration issued the New Energy System Construction "15th Five-Year" Plan, accelerating R&D and equipment development for small modular reactors (SMRs) and Gen‑IV reactors; ultra‑high‑head large‑capaci
China State Planner and the National Energy Administration issued the New Energy System Construction "15th Five-Year" Plan, accelerating R&D and equipment development for small modular reactors (SMRs) and Gen‑IV reactors; ultra‑high‑head large‑capacity impulse turbines; deep‑offshore wind; advanced PV and concentrated solar; next‑generation coal power; heavy gas turbines; flexible DC transmission; and smart microgrids. The plan also targets unconventional oil and gas, unmanned intelligent coal mining, oil‑rich coal utilization, hydrogen and other green fuels. It elevates theoretical research and technology innovation for controlled nuclear fusion, space‑based solar power, high‑temperature superconducting transmission, wireless power transfer and polar/deep‑sea energy. The plan mandates coordinated sitting of large renewable bases with national computing hubs to build "energy + digital" clusters, promoting mutual support between power and compute to ensure high‑quality electricity for big data and AI. It further directs rollout of smart mines, smart power plants, digital oil and gas fields, and digitalisation of grids and pipelines.
2026-06-25
EU member states approved a US-EU trade agreement on Thursday that will take effect after final formalities. Under the deal the EU will remove tariffs on US industrial goods and some agricultural products in exchange for a 15% tariff cap on EU export
EU member states approved a US-EU trade agreement on Thursday that will take effect after final formalities. Under the deal the EU will remove tariffs on US industrial goods and some agricultural products in exchange for a 15% tariff cap on EU exports to the US. The approval ends nearly year-long ratification deadlock and follows a Trump threat to impose new tariffs if the deal was not advanced by July 4. A five-year suspension of $11.5bln in retaliatory tariffs expires on July 11; both sides must resolve the aircraft-subsidy dispute before then or the pause will lapse. The European Commission says it is discussing continued suspension of retaliatory measures with the US. Remaining disputes over metal tariffs and technology regulation could revive bilateral tensions in coming months.
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