AGP Executive Report
Last update: 9 hours agoHousehold Budgets: The RBA lifted the cash rate to 4.85%, its highest level since 2008, adding pressure on shoppers already facing rising living costs. Supermarket Watch: Coles’ first-quarter sales rose 2.2%, but fierce competition and rival promotions are challenging its bid to win back customers with its Every Day Price program. Product Safety: A Coca-Cola bottled-water range has been recalled nationwide over a potential choking hazard. Retail Policy: Calls are growing for a fast-fashion tax on Temu and Shein, which could make purchases from the platforms more expensive. Food Security: Cyberattacks that altered supermarket refrigeration settings in Europe spoiled tonnes of food; experts warn the same control systems are used in Australia.
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.