Amazon is rolling out a new version of its Echo speaker for kids. Donald Trump met up with Apple chief Tim Cook. Across the Atlantic, Ikea has announced a recall of gas hobs, and Spanish cheesemakers are unhappy about an EU decision. Enjoy the read, and don't forget to share.




Thursday, 26 April 2018





Hello ,

Amazon is rolling out a new version of its Echo speaker for kids. Donald Trump met up with Apple chief Tim Cook. Across the Atlantic, Ikea has announced a recall of gas hobs, and Spanish cheesemakers are unhappy about an EU decision. Enjoy the read, and don't forget to share.




US & Canada


Talking trade ▪ US President Donald Trump is to meet with Apple CEO Tim Cook to discuss trade issues, as the US tech sector grapples with the ongoing tariff war with major manufacturing hub China. In a tweet ahead of the meeting, Trump said the two will discuss other issues, but gave no further details.



Amazon roll-outs ▪ The e-commerce giant is unveiling a new Echo meant for kids, which comes in a 'kid-proof' case, and includes Amazon's parental control feature, FreeTime. The Seattle-based company has also rolled out a service allowing shoppers to track their delivery drivers on a map.



Coffee-chain facelift ▪ The CEO of Restaurant Brands International has announced a plan to improve sales at its Tim Hortons locations, which have struggled in the face of increased competition and negative media coverage. The new 'Winning Together' plan includes a CA$ 700 million initiative to renovate the coffee chain's restaurants.




Europe


Recalls and removals ▪ Ikea has recalled for repair gas hobs from its Eldslaga model after an investigation revealed carbon monoxide emission levels above their allowed limits. Dutch retailer Coop is removing ATMs from its stores in a bid to tackle theft, after seeing an increased number of robberies at its locations in the Netherlands.



Good food ▪ Waitrose is extending its surplus food redistribution platform, FareShare Go, which connects stores with available food to local charities, to all its full-sized supermarkets. Rival Marks and Spencer will be running a new marketing campaign highlighting its beef traceability standards.



Russian worries ▪ McDonald's Russia has been gradually turning to local ingredients in its outlets from Moscow to Murmansk. In an attempt to deal with ruble volatility, McDonald's is now turning to home-grown potatoes for use in its French fries at its 651 outlets across the country.




Asia & Australia


Tokyo takeover ▪ LG Household & Health Care has purchased Tokyo-based cosmetics seller Avon in a deal valued at US$ 96.3 million, the South Korean firm’s fourth acquisition in Japan. Avon Japan, an offshoot American direct sales company, is now a wholly owned subsidiary of LG Household.



Farm fresh ▪ Australian farm exports to South-East Asia are expected to rise significantly over the coming years as incomes rise and the region's middle class grows. Farm exports to the 10 ASEAN nations already outvalue those to China, with a nearly AUD 3.5 billion difference in 2016.




Weird and wonderful


Mad about Manchego. ▪ Spanish Manchego producers have vowed to fight an EU decision allowing Mexican producers to use the same name for their cheaper cow's milk cheese. Spanish cheesemakers claim the name should only be used for cheese made from the milk of manchega ewes.



Royal revenue ▪ The upcoming royal wedding is expected to give a GBP 561 million retail boost to the UK. Sales of commemorative one-offs such as coins are expected to be the largest drier of sales, with further boosts from sales of fashion items similar to those worn by the princess-to-be, and a rise in tourism numbers.