AGP Executive Report
Last update: 2 hours agoBanking Shake-up: The ECB cleared UniCredit to raise its Commerzbank stake beyond 30%, advancing its hostile takeover bid. UniCredit expects to take control around year-end, despite opposition from Commerzbank and the German government. Auto Policy: France and Germany struck a provisional deal to ease proposed 2035 emissions rules and allow Britain into “Made in Europe” car rules, subject to trade commitments. AI Investment: Germany plans to invest hundreds of millions of euros in a physical-AI partnership with Nvidia and local firms, including Siemens and Audi, to develop robotics and industrial AI. Economic Outlook: Germany’s recovery slowed in the third quarter as energy costs and shipping disruptions weighed on activity; wholesale inflation also climbed to its highest level since early 2023. Energy Storage: Vattenfall selected Fluence to supply a 1GWh battery project in Brunsbüttel.
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