In brief | 4 September ‘26
Bloomberg: VW approves plan to cut 50,000 more jobs in broad overhaul
Volkswagen AG’s supervisory board backed a sweeping restructuring that calls for 50,000 additional job cuts, far fewer models and a smaller industrial footprint, giving Chief Executive Officer Oliver Blume his clearest mandate yet to overhaul Europe’s biggest carmaker.
Reuters: German gas storage group calls for fee cuts, state loans to boost stocks
Germany's gas storage industry association INES proposed abolishing certain charges and offering subsidised government loans to ensure adequate filling levels are reached this winter despite the currently unfavourable market conditions.
Montel: State to intervene on gas stores in emergency – German ministry
With gas storage in Germany around record lows ahead of winter, the economy ministry told Montel it will intervene to refill stocks but only in an emergency.
FT: EU enters winter with lowest gas stocks on record
Situation could become “problematic”, warns gas storage group head.
Bloomberg: Europe’s summer felt like a gamechanger. Will next year be any different?
As the natural weather phenomenon El Niño builds into one of the strongest ever recorded, meteorologists are now looking ahead to next summer.
Federal Environment Minister Carsten Schneider and his Indian counterpart, Bhupender Yadav, signed agreements for closer cooperation on wetlands conservation and climate adaptation.
Climate Action Tracker: Germany's extreme summer calls for more climate action, not less
Germany cannot ensure economic prosperity without confronting the increasingly severe impacts of climate change.
Bloomberg: Sweden’s grand nuclear ambitions come down to an election
The outcome of Sweden's upcoming election on Sept. 13 will determine the fate of the country's nuclear power program, with the current coalition's failure to win reelection potentially slowing or transforming the project.