Friday 14/07/23

In MACRO & ENERGY NEWS, China's exports fall, its slowing economy hits oil and we look at why it's approaching deflation while the ECB looks to continue increasing interest rates, Europe decides to resume Japanese food imports, the UK's GDP contracts, debt levels look nightmarish, Sunak makes a "final" offer (but strike legislation is quashed) and we see a contrast in BP and Shell in renewables. In TECH & MEDIA NEWS, the FTC takes on OpenAI, Zuck and Musk introduce new AI models, the Microsoft deal ain't finished yet, Twitter offers ad revenues to attract creators, Threads aims to build on momentum, Iger causes a stir and Hollywood goes on strike. In CONSUMER & RETAIL NEWS, consumers spend on Rolex, Apple and Dr Martens while Uniqlo's parent raises annual forecasts. In MISCELLANEOUS NEWS, the first OTC birth control pill gets approval, GSK's spin-off braces for headcount reduction, City lawyers take a pay cut while A&O falters, Barratt has a nightmare and Hays takes flak. AND FINALLY, I bring you an incredible tennis rally...


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