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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
Pacific Rim countries cut trade barriers   After a marathon week of negotiations, Pacific trade ministers including the US have reached a deal on the Trans-Pacific Partnership (TPP). NZ dairy giant Fonterra has expressed disappointment with the limited TPP dairy deal, whereas Australian farmers hope to profit from the accord. ▪
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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Indian e-tailers invest in logistics   By infusing fresh capital into logistics firm GoJavas, Snapdeal has become the single largest shareholder in the company. Competitor Flipkart has geared up for its Big Billion Day's sale with upgrades in technology, logistics and the seller base. Delivery service providers and logistics companies are expected to profit from the e-commerce sales jump during the festive season Diwali. ▪
europe
HMV to play the music abroad   The revived music and entertainment specialist is preparing an international offensive, entering 10 foreign markets, primarily in Europe, via its website and opening a store in Dubai. ▪
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.  ▪
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Pay the plastic bag   Yesterday, the mandatory charge for single-use carrier bags started in England. Shoppers are expected to choose to use their own bags, Tesco estimates plastic bag usage to drop by 70%. Asda, Morrisons, Waitrose and Iceland are asking other food retailers to join them in their agreement to use the 5 pence bag charge to support dementia research ▪
USA
Strategies in bankruptcy   Struggling teen clothing company American Apparel filed for Chapter 11 bankruptcy reorganisation on Monday. However, no store closings or layoffs were announced. In a similar move, Boston-based sporting goods retailer City Sports has also filed for Chapter 11 bankruptcy in order to liquidate at least a quarter of its stores. Bankrupt supermarket chain Haggen sells 26 stores to Smart & Final.   ▪
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. ▪
In and out of the shops   Target will become the biggest retailer to offer the Apple Watch, which will debut at some Target stores this week +++ Aldi announced that by the end of the year all of its branded products will be free of synthetic colors, partially hydrogenated oils, and added MSG +++ Kroger is testing 'smart shelf' technology at a Cincinnati-area store. ▪
Fame & Fraud
Apple unbeaten   For the third consecutive year, Apple and Google top the annual Interbrand Best Global Brands report. The value of the Apple brand is estimated at US$ 170.3 billion, up 43% from last year. ▪
(T)hefty losses   The 2015 US Retail Fraud Survey by Retail Knowledge and Volumatic has estimated that US retailers are losing US$ 60 billion a year to shrink, up from US$ 57 billion last year. Employee theft is the single biggest cause of loss to retailers. ▪

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