AGP Executive Report
Last update: 12 hours agoMiddle East Shock to Global Growth: The UN cut its 2026 global growth forecast to 2.5% (from 2.7%) and warned inflation could climb to 3.9% as the energy crisis deepens, with oil-price spikes tied to the Iran conflict and Strait of Hormuz disruptions. Gaza Flotilla Fallout: Israel’s hard-right National Security Minister Itamar Ben-Gvir posted video of detained Global Sumud Flotilla activists being forced to kneel and manhandled—sparking condemnation from leaders including Netanyahu and Italy’s Meloni, while Colombia’s Petro called Ben-Gvir “a true Nazi.” Energy & Markets: Energean cut 2026 output and dividends after a 41-day shutdown of its Israeli operations; in Israel, TASE jumped ahead of Shavuot as chip stocks rebounded. Tech Deals: Cyera is buying five-month-old Genie Security for about $50M, and Figma is rolling out its own AI agent inside the design canvas. EU Trade Line: Czechia says it will block any new EU trade sanctions on Israel.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.