AGP Executive Report
Last update: 2 hours agoAirline Fees & Consumer Costs: Jetstar will start charging for overhead bin carry-on storage from February 2027, while keeping one under-seat bag included—another nudge in the ongoing squeeze on household travel budgets. Housing & Risk: Westpac says the housing market is in an “air pocket”, not a crash, as buyers and sellers recalibrate after budget-driven tax changes and higher rates. Financial Services Pressure: AFCA recorded a record 119,949 complaints in 2025-26, with banking and finance the biggest driver—delay in claim handling and service quality topping the list. Big Tech & Regulation: Canva cut its 2026 revenue growth forecast to 20% as AI costs rise, while Meta faces growing legal and penalty pressure over youth harms. AI Infrastructure Push: Firmus raised $2bn to expand AI computing facilities across Australia and Asia-Pacific, backing more “AI factory” buildout. Corporate Moves in Food: JBS will form a joint venture with Indonesia’s sovereign wealth fund arm Danantara, including a $2.5bn investment, to expand protein production across the region including Australia and New Zealand. Regional Geopolitics: Pacific Islands Forum talks in Suva failed to secure a joint statement condemning China’s missile test, underscoring growing Pacific autonomy from Australia and New Zealand.
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.
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