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McKinsey Study Finds Grocery Sales Rose in 2025 But Volume Declined

A new McKinsey report reveals that while grocery revenue grew in 2025, actual volumes bought by consumers dropped — suggesting value-driven buying.

The discount supermarket chain has introduced a rewards scheme allowing shoppers to earn points for free products and personalised coupons.

Saba Capital’s four independent nominees were elected to the Impax board with approximately 71% of votes cast in favour at a contested meeting.

Kuwait has reopened its airspace to commercial aviation after a temporary closure triggered by Iranian attacks in the broader region.

G7 members debated how to address China’s growing dominance in high-value industries, with France framing it as a second China economic shock.

The South Korean data protection commission levied a record fine on e-commerce giant Coupang for exposing personal data from millions of accounts.

G7 nations agreed to accelerate diversification of energy supply routes and increase energy stocks to reduce Strait of Hormuz vulnerability.

Albertsons alleges Kroger tried to divest unprofitable stores during the failed merger, according to a review of recently unsealed court filings.

OpenAI submitted a confidential S-1 to the SEC for an IPO potentially happening as soon as September 2026 at a valuation near $1 trillion.

Anthropic closed a new financing round at a $965 billion valuation, surpassing OpenAI to become the highest-valued AI company.