In MACROECONOMIC & STEEL NEWS, the ECB hikes rates (at last), Italy calls a September election, South Africa announces a major interest rate increase and Tata makes a threat. In RETAIL NEWS, Amazon buys deeper into healthcare, Ocado rethinks expansion and Frasers sees profits boom. In TECH NEWS, Big Tech looks at the big picture in Indonesia, Snap posts its weakest ever sales and Baidu overtakes Tesla. In MISCELLANEOUS NEWS US airlines recover, Didi gets a big fine and S4 Capital is in trouble. AND FINALLY, I let you know what a "chipwatch" zone is...
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