Auto Restructuring in Focus: BMW says it will review “untouchable” processes after a 35% profit drop, and is pushing voluntary severance/buyouts as it targets up to 8,000 job cuts in Germany by end-2027, citing weak China sales and tougher competition. Labour Market Watch: Germany’s unemployment rose slightly more than expected in July, edging close to 3 million (seasonally adjusted 2.99m; rate 6.4%), with weak labour demand and inflation pressures still in the mix. Green Industry Transition: Economy Minister Katherina Reiche highlights Salzgitter’s €1.3bn-backed shift from coal blast furnaces to a new plant for green steel (first line due 2027, aiming 95% CO2 cuts), calling it a jobs-preserving catalyst for other sectors. Corporate Leadership Move: adidas appoints Birgit Kretschmer as new CFO effective Sept 1, 2026, as the company navigates cost discipline and leadership change. Energy & Jobs Angle: Spain’s regions urge the EU to tighten foreign investment rules for Chinese EV/battery projects and speed up a “Made in Europe” law tied to local content and employment—an HR-relevant signal for how hiring conditions may be negotiated. Security/Policy Context: Japan launches its first centralized intelligence bureau since WWII, a move critics say could challenge pacifist principles and supporters frame as needed for counterintelligence.