AGP Executive Report
Last update: 11 hours agoRetail Watch: US retail sales in June rose just 0.2% month-on-month to $768.6B, with shoppers more selective as gasoline spending cooled; excluding gas stations, sales climbed 0.7%, while online rose 1.9% around Prime Day. Payments & Banking: Wise reported a 25% jump in first-quarter revenues and active customers up 21% to nearly 11.9M, as it expands its banking offering amid a Belgian money-laundering probe. Consumer Rules & Safety: India’s FSSAI urged food businesses to strengthen quality systems, adopt digital traceability, and communicate transparently as complaints and social-media scrutiny grow. Beauty & Wellness Claims: INNOCOS Zurich is set to tackle “proof” and compliance in longevity beauty and wellness, reflecting tighter expectations from regulators and consumers. Retail Media: A report from MPA says India’s retail media could hit $8.1B by 2031 as ad budgets shift toward measurable commerce outcomes. Auto Consumer Court: India’s Raipur consumer court ordered Maruti Suzuki to replace a Grand Vitara or refund after alleged E20 fuel damage, with the automaker preparing to challenge. Food Safety Outbreak: Kentucky health officials are investigating a surge of cyclosporiasis cases linked to shredded iceberg lettuce, raising fresh concerns for restaurants and diners. Local Retail Growth: Škoda dealer Stellar is expanding in India, while San Antonio Airport issued an RFP for food, retail, and duty-free concessions for its new Terminal C.
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.