AGP Executive Report
Last update: 11 hours agoSpanish Politics: Pedro Sánchez called a snap election for November 29 after parliament rejected his housing decrees, triggering fresh protests over affordability and raising pressure on his minority government. Markets & Eurozone Mood: European stocks were mixed as the euro slid to a 17–19 month low on France fiscal worries and political uncertainty, with bond spreads widening. Defence Tech Boom: European defence technology startups hit a record $7.4bn in 2026 venture funding, with US investors taking a much larger share and mega-rounds dominating. AI & Industry: Europe’s AI race is lagging on investment, but companies are pushing industrial AI hubs—Mistral opened a Munich base aimed at “sovereign” compute and enterprise use. Trade & Mobility: India and Switzerland signed a migration and mobility pact and expanded trade cooperation, while India–US talks were described as reaching a plateau. Energy Watch: Oil prices eased as G7 moves to release 100m barrels of diesel and crude helped offset Gulf supply risks. Cross-Border Payments: Major European payment providers agreed to build a new interoperability network to reduce reliance on US tech.
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