Germany Reaches Deal on Electricity Price Support, Chancellor Scholz Announces Relief for Manufacturing Industry, Siemens Energy Receives $8 Billion Support

Germany's Chancellor Scholz announced a deal on electricity prices that will greatly relieve the manufacturing industry. The German government has reached an agreement on electricity price support for industry, providing huge relief. This move comes as Germany faces some of the highest electricity prices in Europe. Additionally, the government is supporting Siemens Energy with $8 billion in guarantees.