AGP Executive Report
Last update: 12 hours agoGlobal Business Disruption: A Microsoft outage disrupted email, Teams and cloud services for businesses across dozens of countries, exposing the risks of relying on a single technology provider. Microsoft said the incident was not caused by malicious activity. Oil Markets: The IEA expects global oil supply to exceed demand in the fourth quarter as Gulf exports recover. Supply is forecast to average 105 million barrels a day, 1.7 million above demand, while prices have fallen sharply from October’s peak. Retail Growth: Malaysia’s wholesale and retail sales rose 15.9% year on year to RM183.1 billion in September, led by a 25.3% jump in wholesale trade; retail sales increased 6.9%. Small Businesses: TikTok Shop says UK live-shopping sales surged 55% over the past year. More than six in 10 participating small businesses said a single session out-earned their other sales channels in a typical week. Inflation and Rates: India’s retail inflation hit 6.09% in October, breaching the central bank’s upper limit and raising expectations of a December rate hike. Energy and Technology: Data-centre growth is straining power grids: US data-centre electricity demand has risen 19% a year since 2000, while grid capacity grew just 2%.
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.
Perspectify News
