Watson’s Weekly 06-07-2024

This is an amalgamation of the “best bits” of the daily weekday newsletter/blog woven together to form a concise and coherent view on the things that matter in the commercial and economic news of the week. 

THE COLOURED HIGHLIGHT REFERS TO THE EDITION WHERE THE STORY APPEARED IN WATSON’S DAILY. Clicking on the day will take you to the appropriate edition of Watson’s Daily.

IN BIG PICTURE NEWS...

This was the week when Labour won its first election in 19 years, when Biden felt the heat and when Europe brought in the tariffs for Chinese EV imports…

IN ENERGY NEWS…

IN BUSINESS, EMPLOYMENT & CONSUMER TRENDS NEWS...

IN BUSINESS TRENDS NEWS…

IN EMPLOYMENT TRENDS…

IN CONSUMER TRENDS…

IN RETAIL & LEISURE NEWS...

IN RETAIL NEWS…

IN LEISURE NEWS…

  • Embattled cinema chain Cineworld is looking at closing 25% of its cinemas in a bid to cut costs. It’s also renegotiating the rents for around half of its UK sites. Cinemas had a rough pandemic and just when things were starting to improve, they were hit by the Hollywood writers’ and actors’ strikes.

IN AUTOMOTIVE-RELATED NEWS...

IN BATTERY & CHARGING NEWS…

IN CAR NEWS…

IN TECH NEWS...

IN AI NEWS…

ELSEWHERE…

  • Meta was accused of breaking the EU’s new digital laws by using an advertising model that charged users for ad-free versions of Facebook and Instagram. If users don’t pay, their personal data is effectively deemed fair game for ad purposes. The EC says that Meta must launch “equivalent” versions of Facebook and Instagram that don’t use as much personal data.
  • Samsung reckons it’ll see booming profits in Q2, carrying on the momentum it saw in Q1 when it returned to profit after four consecutive quarters of losses. It’s benefited from higher prices and strong demand for its powerful chips. Its full quarterly results will be released later this month.

IN M&A NEWS...

BANTER

My favourite “AND FINALLY” video this week was the one with the absolutely amazing busker! A nice bit of music to end the week with 👍