AGP Executive Report
Last update: 10 hours agoBusiness Costs: New Zealand’s Commerce Commission will cap interchange fees on Mastercard and Visa commercial cards, saving businesses an estimated $40 million a year; earlier personal-card cuts bring projected annual savings to $290 million. Trade and Investment: India’s commerce minister met representatives from Scotland and Chile to explore trade and investment, including cooperation with Scotland on semiconductors, renewable energy and data centres under the India-UK trade agreement. Technology Investment: China is pushing to link research more closely with industry, speeding commercialization and encouraging enterprise-led R&D. Battery Manufacturing: QuantumScape plans a 100-megawatt-hour solid-state battery production line, targeting 2028 startup and demand from AI data centres, aerospace and defense. Banking: First Merchants reported third-quarter net income of $67.8 million, up from $56.3 million a year earlier, alongside loan and deposit growth. Chicago Budget: Business groups are lining up against Mayor Brandon Johnson’s renewed corporate head-tax proposal, arguing it could hinder growth as the city debates its $17.6 billion budget.
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.
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