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Online mega-retailer Amazon takes on Berlin and has more ideas up its sleeve to give traditional grocers a headache. A new giant is shaping up in the freight sector as Hapag Lloyd partners in Asia, and the world largest meat processor unveiled a radical restructuring. Enjoy your Monday bulletin as well as a public holiday break, if you live in a country where Pentecost is celebrated.
asia & australia
Shipping alliances Hapag-Lloyd AG, Germany’s top container shipping line, and five Asian carriers will form a new vessel-sharing alliance. Dubbed "the Alliance", it is due to start operating in April 2017. This comes a few weeks after "Ocean Alliance" was founded by Cosco Shipping and three other container lines companies.
Spending on publicity German discounter Aldi has increased its spending on ads by 93% to AU$ 34.7 million, while rivals Woolworths and Coles scale back +++ Nestlé Australia, which also ramped up its marketing costs, reported a big jump in annual profits to AU$ 179 million.
usa & canada
Latin America & Africa
Meat giant restructures JBS SA, the world’s largest meat producer, has unveiled a radical corporate restructuring that will see the Brazilian company spinning off its international business into a new unit, called JBS Foods International, which will be listed in New York.
Mall attracts masses South Africans seem to be obsessed with mall culture. More than 400,000 people visited the massive Mall of Africa, which opened on April 28, in the first five days of operation. Quartz Africa takes a closer look.