AGP Executive Report
Last update: 28 minutes agoPayments: Revolut has launched a merchant point-of-sale system in the UK, with no transaction fees for its facial-recognition “Pay with Smile” option. EU finances: Leaders ended their Brussels summit without agreement on the bloc’s 2028–34 budget, as energy and security costs sharpen divisions over spending priorities. Markets & rates: The ECB warned bond-market turmoil could deepen Europe’s slowdown, while President Christine Lagarde stressed fiscal discipline as energy inflation strains the outlook. European shares nevertheless logged their strongest week since June. Banking: Italy plans to raise an extra €10.7 billion from banks and insurers to balance its budget; Greek banks, meanwhile, are outpacing European rivals on lending margins and profitability.
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