In brief | 11 July '25

Reuters: Ford agrees voluntary redundancies for troubled e-car site in Cologne

Ford has agreed to a job protection scheme at its Cologne plant covering over 10,000 workers, with voluntary redundancies planned in response to the sluggish uptake of electric cars, the company and German employee representatives said.

Politico: Von der Leyen vs. Weber: The EU’s climate fight reaches its endgame

The two EU conservative heavyweights’ growing divisions are coming to a head over a crucial 2040 climate target.

Bloomberg: Germany hits gas storage milestone after sharp price drop

Traders have ramped up bookings at German natural gas storage sites, marking a sharp turnaround from earlier this year when the country exited winter with stockpiles at a three-year low and an unusual market structure made refills unprofitable.

Bloomberg: ECB to be ‘pragmatic’ in policing banks’ carbon transition plans

The European Central Bank signalled that it won’t immediately hold lenders to strict demands as they prepare legally-mandated plans for how they will accompany the move to a low carbon-economy.

Offshore Energy: EU places ocean energy at heart of clean power push

The European Commission has included ocean energy among the technologies eligible under the 5-percent innovation target set by the EU Renewable Energy Directive.