Collaborating on artificial intelligence is the goal of a partnership between Amazon and a German leading research organisation, while Apple sees its mobile device as a major platform for AI. The latter has launched a stunning town square store in Chicago. Check out first images and get also informed about the latest food product trends.




Tuesday, 24 October 2017





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Collaborating on artificial intelligence is the goal of a partnership between Amazon and a German leading research organisation, while Apple sees its mobile device as a major platform for AI. The latter has launched a stunning town square store in Chicago. Check out first images and get also informed about the latest food product trends.




Europe


Innovative partnership ▪ Germany's Max Planck Institute is teaming up with Amazon to build a research centre in Tübingen. It will be staffed with more than 100 machine learning engineers focussing on visual systems and AI. In the US, the online giant has received 238 proposals to host its second headquarter. A decision will be made next year



Russian efforts ▪ Setting new standards, X5 Retail is testing an innovative food safety system in cooperation with dairy producer 'Galaktika' in the St. Petersburg area. The retailer is also opening a new distribution centre in the Moscow region. Meanwhile, competitors Lenta and Magnit have posted their third-quarter results.



Weak Real ▪ German retail group Metro published its preliminary results for the financial year 2016/17, marking its first-full year figures since the demerger. For the period, group sales were up 1.6% to EUR 37.1 billion. Its hypermarket banner Real, however, suffered a decline due to store closures.




USA & Canada


Attracted to Aldi ▪ Grocery prices have fallen about 3% in Southern California since Aldi entered the market 18 months ago. Consumers are attracted to the discounter's expanded perishable offerings. The retailer has opened 40 locations and plans to open 14 more by year-end.



Holiday hype ▪ Target gets ready for the most crucial shopping season of the year, starting free shipping in November and announcing that most of its holiday assortment had been priced at under US$ 15. Several industry surveys have indicated that shoppers will spend more on holiday gifting this year.



Listeria precautions ▪ California-based Mann Packing, a supplier of fresh vegetables, has issued a massive recall of its products in the US and Canada amid fears they may be contaminated with Listeria monocytogenes, affecting major retailers and prompting grocer Meijer to recall packaged produce in six US states.




Asia & Australia


Myer under fire ▪ Solomon Lew, the largest shareholder of the Australian department store chain, has announced to vote against the appointment of all board directors as well as its incoming chairman at the upcoming annual meeting. Lew stated that "currently" he has no intention in a takeover bid.



Growing overseas ▪ Food and beverage retailer Retail Food Group says it will focus on greater China for its next phase of growth. Australia’s largest multi-brand retail food franchisor with a network of more than 2500 stores has also set its sight on Russia.



Going public ▪ China Literature, a unit of tech giant Tencent, has launched its initial public offering in Hong Kong, with the aim of raising as much as US$ 1.1 billion. The mainland’s largest online publishing and e-book website is expected to make its debut on November 8.




Image Gallery


Apple blends in ▪ The tech giant regards its mobile devices as a major platform for artificial intelligence in the future but also bets on physical appearance. In Chicago, the company has opened its first town square store, which fits perfectly into the riverfront’s landscape. Have a look.



Pumpkin flour and cauliflower snow ▪ From new uses for Mexico's jicama root to vegetable rice, here are some new product trends from the PMA show. Get inspired by the organic salad kits with several flavours, all-natural flours for a variety of applications and a lot more.