AGP Executive Report
Last update: 10 hours agoIndia Payments: A planned 0.4% fee on merchant UPI transactions above ₹2,000 has been delayed until after Diwali, easing pressure on retailers during the peak shopping season and giving payment firms more time to prepare. China Luxury: LVMH reported double-digit sales declines in mainland China in the third quarter, with weaker Chinese spending also weighing on purchases abroad and raising doubts about a broader luxury recovery. New Products: Alibaba has begun selling Qwen AI glasses in China from 2,999 yuan, with features including translation, shopping assistance and payments. China Retail: The Double 11 shopping festival is stretching into a longer sales season, with coverage pointing to steady consumer demand. Food Exports: Japanese producers are expanding halal-certified food exports, including beef, sauces and seafood, to tap demand in Muslim-majority markets.
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.