Watson’s Weekly 23-03-2024

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 that Japan raised interest rates out of negative territory, Vietnam was engulfed in scandal and Nvidia announced an even more advanced chip!…

IN MINING NEWS…

IN ENERGY NEWS…

IN BUSINESS, EMPLOYMENT & CONSUMER TRENDS NEWS...

IN BUSINESS TRENDS NEWS…

IN EMPLOYMENT TRENDS…

  • It seems that there is a rising trend of Gen-Z workers participating in the “QuitTok” trend where they film themselves being made redundant and then upload it to social media apps like TikTok. They are also posting content about losing their jobs that highlight not only what they are going through but also which employers are making the cuts! This could be highly damaging for QuitTokkers’ future careers but at the moment the job market is still buoyant. Once things get worse, they will get a dose of harsh reality.

IN CONSUMER TRENDS…

  • UK consumer confidence has gone sideways, according to the latest GfK survey. Although confidence levels overall remain unchanged, consumers are more positive about their personal finances over the coming 12 months.

IN TECH, MEDIA & TELECOMS NEWS...

IN TECH NEWS…

IN MEDIA NEWS…

IN TELECOMS…

  • Three UK swung into its first loss since 2010 after posting a big loss for 2023 immediately after posting a big profit in the previous year. It says that it really needs its merger with Vodafone to go ahead in order to get the requisite scale to prosper.

IN CAR NEWS...

IN BATTERY NEWS…

IN EV NEWS…

IN CAR NEWS…

IN FINANCIALS NEWS...

IN REAL ESTATE NEWS...

IN COMMERCIAL PROPERY NEWS…

IN RESIDENTIAL PROPERTY NEWS…

IN RETAIL & LEISURE NEWS...

IN RETAIL NEWS…

IN CONSUMER GOODS NEWS

  • Unilever has decided to spin off its ice-cream business in an effort to streamline the business after a turbulent few years. Unless a buyer is found, it’ll just become a stand-alone listed company by the end of the year. Reckitt is going to continue to sell Enfamil in the US despite last week’s judgment by an Illinois state court where a mother who said her premature baby died after consuming Reckitt’s product was awarded $60m in damages. This could become a serious problem for the company but we’ll just have to see where this goes…

IN LEISURE NEWS…

IN OTHER NEWS...

BANTER

My favourite video this week was the one of the really cool clock! I’d love to see this IRL!