AGP Executive Report
Last update: 8 hours agoGreen Shipping: JERA agreed to buy about 70,000 tonnes of green ammonia a year from India for five years, with supply planned from 2028–29. The fuel is intended for a shipping venture developing ammonia-powered car carriers, targeted for 2030. Japan-Germany Industry Ties: The leaders agreed to deepen cooperation on critical minerals and AI, and explore joint fighter-jet development. Japanese firms also struck fusion-energy partnerships with Germany’s Proxima Fusion, including work on reactor components and high-temperature superconductors. Chip Investment: Japan’s up-to-$21 billion commitment will help fund GlobalFoundries fabs in New York for automotive and industrial chips; the first plant is the firm step, while a second remains conditional. Cybersecurity: GMO Internet refused a $1 million ransom after an attack on its automated FX service, which caused trading losses and exposed customer information. Bangladesh Investment: Japan is pursuing up to ¥1 trillion in private investment over five years, with energy, infrastructure and technology among the focus areas.
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