Friday, 08 July 2016
Through partnerships, China’s Alipay plans to expand its global presence massively over the next three years, and more jobs are being created in the UK and US. Amazon is building British offices, and Walmart is about to launch a distribution centre in North Carolina. Have a great day, and if you enjoy this edition, please share.
Japanese e-tailer launches in US One of Japan’s most popular social-shopping websites, BuyMa, has arrived in the US. BuyMa US offers consumers a range of luxury and everyday fashion, cosmetics and home interior items.
africa & brazil
Sovereign Foods receives bid Following months of speculation, the South African poultry producer has received a buyout bid from rival Country Bird. This has resulted in its share price increasing by as much as 17.5%. Sovereign Foods will appoint an independent expert to advise shareholders whether to accept the offer.
Cheap wheat hurts Kenyan farmers Due to a significant drop in global prices, Kenyan millers are importing more wheat. This is hurting farmers in the country’s grain belt of Narok. Millers defend their actions citing that farmers are not keeping up with demand.