AGP Executive Report
Last update: 11 hours agoGreen Industry Push: Germany’s Economy Minister Katherina Reiche visited Salzgitter as the steelmaker ramps up a €1.3bn-plus shift from coal blast furnaces to a new plant that can run on natural gas first and later green hydrogen, targeting up to 95% CO2 cuts by the end of the decade—while warning EU emissions-trading reforms could slow investment. Migration & Border Tensions: Spain deployed troops to Ceuta after thousands of migrants entered from Morocco, with reports of at least 19 deaths; the crisis is already sparking EU-level political friction, including calls to suspend Schengen. Security & Extremism Debate: Berlin’s far-right and far-left fight for power is intensifying after the Pride attack fallout, as lawmakers and police face fresh scrutiny over how the suspect was able to act. Heat Crisis: Europe’s extreme heat continues to drive health emergencies and wildfire risk, with Germany again facing near-10,000 heat-related deaths reported this year. Auto Sector Shake-up: BMW pledged to overhaul “untouchable” processes after a 35% profit drop, pointing to weaker China demand and Middle East uncertainty. Tech & Markets: Microsoft’s strong results helped lift markets, while attention turns to upcoming German unemployment data and broader inflation figures.
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