Looking back at last week’s articles.
First, Egypt: the IMF has rebooted the economy but will Egyptians put up with austerity measures? And speaking of measures, will the US adopt any against China for its mistreatment of intellectual property rights? At least profits rose at conglomerate PepsiCo.
Back to Africa, and the British are returning to Tunisia. That’s great news for the country’s tourism industry. The same can’t be said for private equity: firms are holding onto a record cash horde but not making deals. At least tech is taking the initiative: it wants to get into pharmaceuticals.
Meanwhile, UK shoe shop Clarks needs a turn around, fast, whilst supermarket Tesco is desperate for a speedy acquisition of wholesaler Booker. And sticking with food, fast food chain Burger King announced a cryptocurrency loyalty scheme. But is it just PR?
Taking a trip down under, we saw how Australia is keeping its low interest rate but what if house prices rocket again? And how’s clothing retailer M&S going to stop ASOS stealing its crown? More importantly, what’s the UK going to do to lower energy costs?
At least we know how toymaker Lego is going to turn itself around: look to its labour force. And that’s exactly what President Macron is seeking to do for the French economy. At least we might be closer to a blood cancer cure.
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