In MACRO & ENERGY NEWS, Russia and China meet, Sweden gets a new PM, Nigeria's inflation hits a new high, Shell's CEO steps down and EDF's problems persist. In FINANCIALS NEWS, Chinese banks cut deposit rates, Corebridge's IPO falls flat, US regulators turn their attention to BNPL and the proposed scrapping of the bonus cap gains momentum. In CONSUMER/RETAIL NEWS, US retail sales come in above expectations and Shein has designs on the US while H&M, THG and John Lewis suffer from consumer belt-tightening. Hilton Foods has a shocker but Wickes manages to insulate itself from the worst. In MISCELLANEOUS NEWS, Adobe goes shopping, FedEx posts a warning, Patreon takes a hit and Patagonia is gifted. AND FINALLY, I bring you a brilliant family story...
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