AGP Executive Report
Last update: an hour agoEU Competitiveness: Italy, Germany and Belgium are seeking an emergency brake on EU rules they say burden businesses and weaken investment; Brussels has separately rejected Italy’s call for more budget flexibility on energy costs. Banking: MPS says Intesa Sanpaolo’s revised €34 billion takeover offer leaves shareholders facing uncertainty. A proposed alternative defence plan appears unlikely to win enough support, while Unipol has received clearance to take control of BPER Banca. Economic Outlook: Meloni says Italy has weathered shocks, but growth remains weak; the Bank of Italy also flags risks from crises and financial markets. Industry: Italy’s industrial output fell unexpectedly in August, adding to concerns about the country’s subdued growth. Italian Tech: Bending Spoons, which agreed to buy Airtable for $1.28 billion, plans to cut a large part of the software company’s workforce as it reorganizes around smaller teams and AI.
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