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Retail giants Walmart Canada and Loblaw Companies are supporting efforts to cope with wildfires in Canada. A partnership for energy improvement has been announced by M&S in Britain and the Swedish powerhouse Ikea is set to make shoppers' lives easier. The takeover of Australian icon Pacific Brands is one step closer, while the country's dairy farmers call for action. Enjoy your Monday brief and have a great start to the week.
asia & australia
Alibaba causes a stir A number of retail companies, among them luxury label Gucci, have quit the US-based International Anti-Counterfeiting Coalition, because it allowed Alibaba to become a member. In other news, the e-commerce giant has revealed the startups it will fund in Hong Kong. All three are unsurprisingly online retailers.
usa & canada
Mega merger decision looms A decision whether the US$ 6.3 billion merger between Staples, the country's largest office supply retailer, and Office Depot can go ahead, is expected this week. The Federal Trade Commission sued to block the deal in December.
Five fintech trends China, a country well known for its e-commerce giants, has emerged as a leader in the world of financial technology. Alibaba-owned newspaper South China Morning Post looks at five sectors in fintech, where the country seems to be leading the world in.