The Trans-Pacific Partnership (TPP), a controversial free trade pact setting common standards for 12 countries and covering about 40% of global economic output, has been signed and leaves NZ dairy giant Fonterra disappointed. On a less universal scale, free plastic bags have been banned in England since yesterday. Enjoy the read of news across the spectrum!
Asia & Pacific
Woolies wins price battle According to findings by a Morgan Stanley analyst, Australia's supermarket giant has taken the upper hand in its price battle with Coles after investing millions of dollars lowering the cost of groceries.
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Sainsbury's under pressure After the grocer failed to disclose income from suppliers in its recent annual report, it has been approached by the UK’s accounting watchdog with an exploratory letter. Meanwhile, the supermarket giant has confirmed that plans for a GBP 60 million supermarket in South Wales, which would have created up to 350 jobs, have been called off.
Sharpies and Elmer's under one roof Newell Rubbermaid has agreed to buy the maker of Elmer’s glue from investment firm Berwind for US$ 600 million to strengthen its writing products segment.
Fame & Fraud