Hello, dear reader!
More international retailers develop an interest in the Indian market, after the government has relaxed its FDI policy. Bosnia is set to combat food waste, while British American Tobacco plans to acquire a local firm in the country. Meanwhile, artificial intelligence, augmented reality and the rise of robots gain traction in the US. Enjoy your Monday bulletin and have a great start to the new week.
Eyeing India Since the Indian government allowed 100% foreign direct investment, some of the largest food manufacturers and grocers from the UK, Italy and Brazil have expressed an interest in the Indian market, including Tesco, Sainsbury's and Harrods, preferably with a local partner.
Samsung struggles for cash The recall of 2.5 million Galaxy Note 7 smartphones has left the South Korean tech powerhouse desperate for cash. Samsung has sold off its stakes in several tech companies to free up money. The total proceeds from the sales reportedly exceeded US$ 888.85 million.
EU targets more multis As the commission steps up its crackdown on so-called sweetheart tax deals, more multinationals, including Amazon, are next in line. US fast food chain McDonald's could face an order to pay nearly US$ 500 million in back taxes to Luxembourg, according to a Financial Times analysis (paywall).
usa & canada
Artificial intelligence awakens San Francisco-based computer company Salesforce introduced artificial intelligence programme Einstein, a software aimed at salespeople. As robots become more of a norm, legislatures will have to define regulations and protections for them and companies using them.
HSN offers experiential app The interactive multichannel retailer announced the launch of an augmented reality design app, powered by company Cimagine. The experiential mobile technology allows users to virtually place more than 1,000 home décor and furnishings objects in their own homes.
Kilimall increases its range The online retail platform that launched operations in Kenya two years ago, has spread its presence to neighbouring Uganda and Nigeria, where shoppers are increasingly embracing online shopping in tandem with a rapid growth of technology.
Thinking like millenials Kenyan giant Safaricom, one of the earliest telecoms in the region, thinks ahead as competition is becoming more intense. The company has been going through a transformation over the past year and is now focused on changing itself into a “consumer-led” business.