AGP Executive Report
Last update: 5 hours agoECB Watch: Olli Rehn says euro-area wage growth is still moderate and there are no clear signs of “second-round” inflation effects, with the next ECB decision due Sept 10. Nokia Restructuring: Nokia plans to close almost all mainland China sites by end-2026 as its China business keeps shrinking, while it keeps its wider Asia-Pacific footprint. Nordea Leadership: Nordea reshuffles its Group Leadership Team, appointing Per Långsved to lead Personal Banking from Nov 1, 2026, and merging Group Risk and Group Compliance functions. Rare Earths in Finland: European Resources reports improved ANSTO test results for its Korsnas REE project in western Finland, lifting combined magnet rare earth extraction to 92% after calcite removal. Workforce & Health: A large Finnish study links better midlife sleep to longer working life expectancy, while severe sleep disruption or very long sleep is tied to earlier exit from employment. Digital Infrastructure Finance: DayOne secures a SGD 530m green loan for Singapore’s first biological data centre prototype, with banks backing cleaner power experiments. Retail Restructuring: SOK (S-Group) starts codetermination talks affecting about 130 jobs and 900 roles, as it renews grocery and retail operations. Defense Industry: Hanwha Aerospace wins a US Army contract for K9 mobile howitzer prototypes under the Mobile Tactical Cannon program, a first major entry into the US market. EU Education Gap: Eurostat data shows Greece spends just 3.3% of GDP on public education, near the bottom of the EU, while Finland is at 6.3%. Geopolitics & Markets: European stocks mostly fell as Iran–US tensions, higher oil prices and rising bond yields weighed on sentiment.
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