Topic
market impact
Business Weight-loss jabs reshape UK shopping habits, cutting grocery spending by £780m
New research reveals that more than two million UK users of weight-loss drugs like Wegovy and Mounjaro are significantly altering their spending patterns. Households with GLP-1 users spend an average of £418 less on groceries annually, contributing to a £780m national decline. The shift extends to product choices, with reduced purchases of chocolate, pastries and alcohol, and increased spending on protein-rich foods, mouthwash and hair dyes – the latter to counter common side effects. Retailers and food manufacturers are adapting product sizes and marketing strategies.
Trade India's Gold Demand Plummets 70% Amid Import Duty Hike
India's gold demand has decreased by 70% following a significant import duty increase from 6% to 15% effective May 13, 2026. The India Bullion & Jewellers Association reports a steep decline in purchases, impacting the unorganised sector heavily.
Commodities Crude Oil Futures Surge Amid US-Iran Tensions
Crude oil futures saw a notable increase following US military strikes in Southern Iran. Brent and WTI futures rose by nearly 2% amid heightened geopolitical tensions.