AGP Executive Report
Last update: 10 hours agoCuba Payments Shock: Cuba’s central bank says Visa and Mastercard will stop working on the island starting Saturday, after a foreign processor severed ties—leaving stores unable to accept cards and customers stuck at checkout. Hospitality VAT Push: UK chef Tom Kerridge’s “VATs The Problem” campaign passed 100,000 signatures, arguing hospitality VAT should drop from 20% to 10% to ease pressure on restaurants and pubs. Spanish Labour Pressure: CCOO leader Unai Sordo says wage talks must be “forced” in collective agreements, warning that prices and unequal income growth are squeezing households. Spain–China Trade Tension: Spain initially signed a document urging tougher EU measures to cut a massive trade deficit with China, then backtracked on formal support—highlighting political friction ahead of major EU and G7 meetings. Energy Storage Boom (Spain tie-in): CATL expects energy storage to hit half of global battery sales by 2030 and says it’s building a new plant in Spain via a Stellantis joint venture. Consumer Tech & Travel: Jet2 clarified luggage pooling rules (no single bag over 32kg; excess depends on total allowance), while Apple Wallet room keys expand via Salto. Local Food Supply: Murcia remains a key source for Mercamadrid, supplying 16% of traded vegetables in 2025.
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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