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(Mon) Walmart, strong retail sales boost Wall Street
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Walmart shares shot up Thursday after the world's largest retailer said sales rose during its most recent quarter, fueled by strong grocery sales and more shoppers visiting stores. Its online shopping division also held up , with sales surging 37% in the second quarter. Fresh off a bad day on Wall Street, Walmart calmed investors worried about the economy slipping into recession. Despite the looming burden of new tariffs, the mega-retailer boosted its outlook for the rest of 2019. In an interview, Walmart's Chief Financial Officer said it has raised prices in response to tariffs but isn't passing all the costs on to consumers. Instead, it's managing by negotiating with suppliers and sourcing from other areas. Walmart is also in a better position than many rivals - according to analysts - since the retailer gets 56 percent of its revenue from food and grocery sales. And it's not just Walmart that helped calm investors nerves on Thursday, overall retail sales also spiked. Data from the Commerce Department out Thursday showed American shoppers increased their spending in July. The upbeat news caused U.S. stocks to stabilize Thursday - with the Dow back in positive territory- just a day after its worst drop since October 2018.
(Tue) UK - online boosts retail, but ASDA warns on Brexit
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British consumers - taking Brexit in their stride or perhaps not. Two UK headlines on Thursday paint different pictures. July saw a surprise 0.2 percent rise in retail sales, according to official data. A fall had been forecast. Online sales jumped nearly 7 percent. But household goods stores reported their biggest monthly drop in two years. And with the overall trend still softening , retailers won't - says the UK stats office - be " getting carried away " with the numbers. Retailers like ASDA. It on Thursday warned Brexit uncertainty was hitting customers. The UK arm of Walmart reported a small rise in Q2 sales. But boss Roger Burnley said that although ASDA's food business performed well, non-food was - quote – ¡°challenged". He also noted an almost six-year low in consumer confidence , adding to signs that shoppers could turn more cautious as the political crisis over the UK's exit from the EU drags on.
(Wed) Japanese researchers build robotic tail to keep elderly upright
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It may be millions of years since our human ancestors evolved to lose their tails. But now elderly people who are unsteady on their feet could be helped by this robotic one. So say the research team at Japan's Keio University who built it. Dubbed Arque, the gray one-meter device mimics tails such as those of cheetahs and monkeys, used to keep balance while running and climbing. "This is a tail that helps people balance. For example , when a human tilts the body like this, the tail moves in the opposite direction than that of the tilted direction. The tail keeps balance like a pendulum." The robot tail will remain in the lab for now , as researchers look for ways to make it more flexible. The team are also investigating its industrial applications, such as using it as a balance aid for warehouse workers carrying heavy loads.
(Thu) Now that's upcycling! Used Nespresso pods made into bikes
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This is what it looks like to turn recycling into cycling. This bike's frame is made in large part from around 300 Nespresso coffee capsules - 40% of it's produced from the capsules and other recycled aluminum. Jimmy Ostholm is the CEO of Swedish brand Velosophy, which designed the bike. "People don't really understand the full potential in recycling. I mean, you could look at it as waste, but I prefer to look at it as the beginning of something absolutely beautiful as my bike." Nespresso has faced criticism for adding pressure to the planet, with campaigners saying many of their capsules end up in landfill. This is part of the company's efforts to encourage customers to recycle the used pods, and show that functional objects can be made from the material produced. Aluminum is known as infinitely recyclable - with no limit to the number of times it can be re-used. But in the UK Nespresso pods cannot be put in household recycling bins , and the product's current recycling rate is only 28%. "It's frustrating it's not higher, our vision is that there's absolutely no reason why any capsule should go to landfill... it's about just making that little bit of an effort to actually do the recycling." The bikes - branded RE:CYCLE - are available to buy from mid-August. They cost around $1,400.
(Fri) AMS sparks bidding war for Osram
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Osram shares lit up markets Monday. Stocks up 12% at the German lighting group as takeover talk swirls. Austrian sensor maker AMS says it's ready to outbid Bain Capital and Carlyle with a cash offer valuing Osram at $4.8 billion. Osram is a leader in automotive lighting technology, and AMS believes it can build a sector heavyweight through a buyout. The offer would beat Bain and Carlyle's 4-billion euro bid - an offer seen as too low by Osram's biggest shareholder , Allianz Global Investors. AMS wants to diversify into sensors for self-driving cars as it works to reduce dependence on major customer Apple. It wants to gradually phase out the consumer LED lighting business. The offer is subject to Osram waiving a standstill agreement . AMS has given until August 15 for that to happen, and said it would then make a formal bid. Investors, though, have questioned the deal. Markets worried about AMS' debt and the difficulty of diversifying from Apple amid fierce competition and global trade tensions. Investor unease is reflected in AMS' share price, which is 30% lower than a year ago.