AGP Executive Report
Last update: 11 hours agoInflation Watch: Italy’s inflation eased to 3.0% in June (from 3.2%), alongside slower eurozone price growth as energy pressure fades and the ECB weighs its next move. Consumer Tech & Antitrust: Italy’s competition regulator opened a probe into Microsoft over alleged Microsoft 365 price hikes and automatic AI add-ons, raising questions for subscription shoppers. Crypto Rules Hit Home: Genoa’s Hodli became Italy’s first licensed crypto portfolio manager under MiCA, while Binance faces EU service restrictions as the July 1 deadline nears. E-commerce Costs: The EU starts charging a €3 customs duty on low-value IOSS shipments from July 1, signaling the end of the de minimis exemption and likely higher landed costs for small online orders. Retail & Payments: Canada Post temporarily halted parcels to several EU countries including Italy due to the new EU customs duty on low-value shipments. Business Moves: Bonomi North America bought Perin Machining Company in the U.S., aiming to reduce tariff pressure by producing locally. Heat & Cooling Demand: Europe’s heatwave is boosting demand for air conditioners and portable cooling gear, with Chinese suppliers ramping up production and sales. Food & Lifestyle: Lavazza launched a chilled RTD coffee range with Müller, and Ferrero highlighted sustainability performance gains ahead of its 80th anniversary.
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.