AGP Executive Report
Last update: 4 hours agoColes fallout hits the courts again: Australia’s ACCC win is escalating after the Federal Court found Coles misled shoppers with its “Down Down” discount claims, setting up potentially massive penalties and renewed scrutiny on supermarket pricing tactics. Budget pressure on dairy: Australian Dairy Farmers says the federal budget offered little direct support despite drought, feed shortages and rising energy, fertiliser and compliance costs—while praising stronger competition enforcement. AI backlash in the creative economy: A new survey finds 99% of professional visual artists dislike generative AI, with most saying it’s already undercut income and job security. AI goes mainstream in insurance: IAG says it’s embedding AI across operations via platform tools, trained “activators” and scaled “composed” solutions. Data sovereignty moves forward: Equinix expands Fabric Geo Zones to keep data within legal borders across clouds. Fuel and geopolitics: Markets remain jittery after Trump–Xi talks delivered few breakthroughs, while oil prices firmed on ongoing Middle East risk.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.
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