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Amazon between food and monstrous investments in AI
Amazon Fresh leaves Germany as it invests $51 billion in artificial intelligence
A member of the group's founding family made another offer. Financial Times. Below the share price of the holding company controlling 7 Eleven on 13 November 2024. Also read this article on the affair.
Amazon just launched an ultracheap bargain store that takes aim at rivals Temu and Shein. Just don't look for it on your computer-Amazon is keeping the new store largely separate from its main site, for good reason. Financial Times Newsletter 14 November 2024.
Below: the fancy private label - name happy belly - that Amazon created for food in 2016, which looked a lot like the fancy brands Esselunga had in the 1960s and 1970s . Now there seems to have been a noticeable 'change of pace' with the new Amazon Saver first-price line.
Compiled 14 November, updated 15 November 2024
FT. Vegetable oils, wheat, cheese and sugar: rising prices ('Global food prices reach highest level in 18 months')
To quote a few numbers, in 2023, the group operated 4,629 shops, serving 57 million customers per month in 21 countries through the work of 47,487 employees. Turnover was EUR 5.6 billion and like-for-like sales were up ( 6%) in 2022.
We talked about this phenomenon - the spread of non-food discounters - in Action.
Below: Pepco in Milan.
La Stampa 13 November 2023. On Cop 29 read here (after Cop 28 - run by an oilman)
"Our proposal is very simple: you get the best quality and you get the lowest price and you don't have to compromise between those two things.
Few items in the assortment and on promotion. Lots of efficiency
To better understand 'what is' Lidl read here.
Unable to prove that the meat had not been treated with banned hormones, Brazil stopped its exports to Europe. A revelation that bodes ill for the trade agreement between Mercosur and the EU is currently being negotiated. Estradiol 17-β! You don't know what it is, but you certainly don't want to find it in your lasagne, ravioli or burgers. This growth hormone is used in some livestock farms to make animals increase their muscle mass faster. Since 1998 it has been completely banned from the European market. It is forbidden to give it to Charolais cows grazing in France, for example. The import of ribs, chops and rump containing it is also banned. Brazil, the world's largest exporter of beef, authorises these treatments. And we have just learned that it cannot guarantee that the red meat it sends to Europe has not been spiked with this hormone. This is what emerges from an audit by the European Union's health directorate conducted between the end of May and mid-June and published discreetly on 8 October. Below: Brazilian zebu, used to make bresaola.