EUR/USD
1.14096
-0.094%
Gold
4038.32
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Oil
79.081
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USD/JPY
162.369
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GBP/USD
1.34042
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GBP/JPY
217.648
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Real-time News
German Chancellor Merz: US tariffs have severely damaged the German economy.July 15 – U.S. Central Command: We completed our strike against Iran at 7:30 a.m. Eastern Time on July 15 (7:30 p.m. Beijing Time). During the 90-minute attack, Central Command launched precision-guided munitions at coastal defense systems and cruise missile storage and launch sites on Grand Tunbu Island.Germany plans to cut more than €30 billion (approximately $34.2 billion) from its Climate and Transition Fund by 2030, transferring some of the resources to the federal budget, a move aimed at consolidating public finances. According to a financial plan approved by the cabinet on Wednesday, the government will cut €19.7 billion in spending from the fund over the next four years and transfer an additional €13.2 billion to the federal budget. The coalition government, led by Chancellor Merz and Finance Minister Klingerberg, had previously allocated €10 billion to the Climate and Transition Fund, a core tool in Germanys efforts to significantly reduce carbon emissions. Now, as part of efforts to reduce public spending, some projects supported by the initiative will face funding cuts. The German government stated that the reason for the cuts is that it had previously launched a separate multi-billion euro subsidy program to reduce electricity prices for energy-intensive industries. Companies participating in this program are required to invest in reducing carbon emissions in their production processes, making their production methods more environmentally friendly.Former Israeli defense intelligence representative to the United States: Military escalation is more likely than negotiations at present, and the distrust between Washington and Tehran makes a return to diplomatic means increasingly difficult.German Chancellor Merz: Germanys credit rating is not at risk.
