AGP Executive Report
Last update: 12 hours agoEU Antitrust on Big Tech: The European Commission ordered Google to open Android features to rival AI assistants and to share anonymised search data with competitors under the Digital Markets Act, with third-party assistants able to be activated via voice commands from July 2027. Heatwave Consumer Shock: Record European temperatures are driving a surge in air-conditioner demand, with Chinese brands like Midea gaining share thanks to regulation-friendly designs such as PortaSplit. Payments Growth: Wise reported a quarter of strong momentum, with active customers rising 21% to nearly 11.9m and revenues up 25% year-on-year. Cybercrime Targeting Work Accounts: Kratos, a phishing-as-a-service kit aimed at Microsoft 365 users, has been linked to campaigns across 20+ countries, including Spain and southern Europe. Luxury Retail Watch: Burberry’s recovery continued on strong US and China sales, while Middle East conflict weighed on Europe tourism spending. Energy Storage Push: CATL and Dutch partner Alfen plan a 5 GWh sodium-ion rollout in Europe from 2027, marking a first bulk supply for CATL’s sodium-ion system in Western Europe. Agri-Food Strategy: Romania is positioning itself as a strategic agri-food supplier for the region and Europe, but says it needs stronger farms, processing investment, and technology to deliver. Fashion & Chemicals: Eco Age is pushing for mandatory PFAS disclosure on clothing, arguing consumers are still being left in the dark at the point of sale.
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