AGP Executive Report
Last update: 11 hours agoGreen Steel Push: Germany’s Salzgitter is accelerating its shift from coal blast furnaces to a new plant that can run on natural gas first and later green hydrogen, aiming for 95% CO2 cuts; the federal government and Lower Saxony back it with just over €1.3bn. Hydrogen Freight Reality Check: A German hydrogen freight program drew 526 applications for €455m from a €220m fund, but the terms suggest grant interest may not equal real demand for hydrogen trucks and refueling. Banking Dealwatch: HSBC is selling its A$36bn Australian home and personal loan portfolio to Blackstone, a major step in its post-2024 overhaul. Labour Market: Germany’s unemployment rose slightly in July, edging toward 3m and with inflation at 2.8% adding pressure. Corporate Finance: adidas named Birgit Kretschmer as CFO effective Sept 1, 2026. EU Tech Funding: The European Commission plans seven AI gigafactories with €10bn public backing to pull in at least €20bn private investment. Energy & Industry: Diehl Defence opened a battery production hub in Germany as part of a €1.5bn modernization push. Sports Finance Backlash: UEFA voted to boycott FIFA tournaments over FIFA’s plan to sell World Cup stakes to private investors.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
![[Latest] Global Investment Casting Market Size/Share Worth USD 32.30 Billion by 2035 at a 5.4% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)](https://ml.globenewswire.com/media/74609d89-5437-4826-b7b8-31238ea2e65c/small/cmi-logo-png.png){kind=logo}
