AGP Executive Report
Last update: an hour agoMemorial Day, not “Family Fun Day”: A new reminder piece urges Americans to pause on the last Monday in May for the cost of freedom, spotlighting local World War II losses and the people who paid for the right to gather and play. Luxembourg Defence Budget: Luxembourg will lift defence spending by 0.1 percentage points each year to reach 2.3% of GNI by 2029, framed as a “reasonable response” to the geopolitical climate. Sovereign Tech Push: Telia launches a sovereign IoT service in Sweden to cut reliance on global hyperscalers, while Proximus and Microsoft keep working on “offline” sovereign cloud options for Belgium and Luxembourg. MiCA Review: The European Commission opens consultations on whether MiCA still fits a fast-moving crypto market, with input due by August 31. Lux Telecom Shock: Reports say last year’s Luxembourg telecom outage was triggered by a Huawei router flaw that was never publicly disclosed. Finance & Markets: Grant Thornton to acquire MCA Connect; Gordian Capital gets DFSA approval for a DIFC institutional fund platform; and Millicom’s AGM confirms directors and a USD 3/share dividend plan. Crypto Custody: Standard Chartered moves to buy Zodia Custody’s regulated unit and spin out Zodia Solutions under SC Ventures.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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