AGP Executive Report
Last update: 2 hours agoMonetary Policy: The Riksbank raised its policy rate by 0.25 percentage points to 2%—its first hike since 2023—and signalled further increases could follow as energy costs and domestic demand fuel inflation. Food Supply Security: Cyberattacks disrupted refrigeration at Swedish supermarket chains including ICA and Coop, spoiling food and exposing weakly protected, internet-connected systems. Coop says it is upgrading connectivity, including switching to 5G; the attacks also targeted cold storage at France’s blood service, but alarms prevented product losses. Automotive: Volvo Cars says U.S. consumer sentiment toward the brand is at a 50-year low. Tariffs and weak EV demand are hurting its North American business, prompting plans to increase local production. Industrial Technology: Swedish wave-energy firm CorPower Ocean is advancing plans for a 15MW project in Portugal, with construction expected to start in 2028 and further investment planned in manufacturing and supply chains.
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