AGP Executive Report
Last update: 10 hours agoEU Budget: Ireland’s presidency proposed an 8% cut to the bloc’s 2028–34 budget, a plan likely to face resistance from Italy and other countries opposing cuts to farm and regional funding. Healthcare Deal: China’s Midea has acquired a controlling stake in Genoa-based medical imaging firm Esaote, which will retain its headquarters and independent operations; Esaote reported €267 million in 2025 revenue. Iveco Bid: TML raised its offer for Iveco Group to €14.40 per share, which the Italian truckmaker welcomed. Industrial Output: Italy’s industrial production fell unexpectedly in August, adding to concerns about the manufacturing outlook. Investment: Core Stack plans a €1 billion data-centre network in Italy, while the European Commission has cleared Italy to use an EU fiscal escape clause for defence and energy spending.
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