AGP Executive Report
Last update: 9 hours agoIndustry: BASF raised its 2026 profit forecast for the second time, helped by higher prices, even as energy costs and Asian competition pressure the chemicals sector. Mercedes-Benz, by contrast, plans to restart voluntary redundancies in Germany as weak Chinese demand weighs on profits. Trade and Defence: In Japan, Chancellor Friedrich Merz proposed an alliance to defend global trade rules and said Germany and Japan would explore cooperation on a next-generation fighter. China Ties: President Frank-Walter Steinmeier is in China for talks on economic and cultural relations, with trade tensions looming. Security: Germany’s elite KSK special forces are adapting training for a possible conflict with Russia, including operations against drones and electronic warfare. Technology: Infineon plans to invest €1.1 billion in Austrian chip production, targeting rising demand from AI data centres and other sectors.
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