AGP Executive Report
Last update: 6 hours agoAI & Tech Sovereignty: The EU launched a call for up to seven “AI Gigafactories,” aiming to secure homegrown high-performance computing and give start-ups, academia, and public authorities affordable access to frontier AI capacity. SME Trade Costs (CBAM): India-EU free trade talks include a dedicated CBAM annexure with a work plan meant to reduce compliance headaches for micro, small and medium enterprises, including embedded-carbon verification and engagement on carbon prices. Local Business Pressure: A UK MP is calling for a 20% cut to business rates for high-street firms and a VAT drop to 10% for hospitality to help town centres and small businesses “breathe” and invest. Finance & Accounting for Firms: SAP Fioneer rolled out a cloud accounting subledger designed to simplify multi-GAAP accounting for financial institutions, targeting fragmented systems and reconciliation workload. Energy Access Gap: A major SDG 7 progress report says renewable power is advancing fast, but millions still lack reliable electricity—highlighting a continued gap that affects households and small businesses.
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