In MACRO & COMMODITIES NEWS, Jamie Dimon warns of global economic risks, German factory production expands, gold hits a record high, Shell threatens to head across The Pond and Vitol puts in another strong performance. In RETAIL & BEAUTY NEWS, UK retail sales growth picks up, we look at John Lewis's new boss, Ted Baker closes stores and Puig eyes an IPO. In TECH NEWS,TSMC plans to make chips in the US and Microsoft invests in AI in London. In MISCELLANEOUS NEWS, European defence firms warn about over-reliance on Chinese cotton, Tesla settles an Autopilot lawsuit, Lotus promises to make more cars and mortgage costs calm down. AND FINALLY, I bring you the beginning of McDonald's...