Wednesday 03/07/24

In MACRO & ENERGY NEWS, pressure mounts on Biden, EU inflation falls and Shell halts construction of a biofuel factory. In AUTOMOTIVE NEWS, Hyundai and LG Energy open a battery cell factory, Tesla deliveries fall, China EV sales rise and BYD has to watch its back. In RETAIL & CONSUMER NEWS, Amazon's international division rebounds, the EU takes aim at Temu and Shein (and Sainsbury's sticks the boot in), Sainsbury's expects anaemic trading at Argos, M&S sees a change, rich people sell up and rents are on the rise. In TECH NEWS, Apple joins OpenAI's board and Google emissions jump because of AI use. AND FINALLY, I bring you the worst chat-up line ever...


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