As G7 leaders are serenaded with sea shanties, sit around fire-pits and toast marshmallows on the beach, some other matters are making it snappy. The UK economy grew by 2.3% in April. Campaigners want ‘empire’ replaced by ‘excellence’ in the British honours system. Astronomers have found a new blinking star near the heart of the Milky Way and the world now has five oceans. Once unthinkable, a smoke-free Britain may soon be a reality. In Indonesia, special meals themed around boy band BTS led to four McDonalds restaurants having to close due to COVID-19 overcrowding.
STEALING A MARCH
Corporate deals are getting going, with Selfridges receiving a £4bn takeover offer and bikes retailer Wiggle and flying taxi developer Vertical Aerospace being bought in multi-billion dollar SPAC deals. Administrative services group Sanne is to enter takeover talks after its private equity suitor bid for the fifth time. The European Central Bank is urging Deutsche Bank to get a move on choosing a new chairman. In the US, Detroit is opening its first new car manufacturing plant for 30 years. In China, ride-sharing firm Didi could be valued at $70bn after actually making profits. New Edison client Blu-glass intends to start shipping at scale high-performance laser diodes over the coming year. Sign up now for next week’s Edison Open House on the future of transport. The FTSE All-Share is motoring along nicely.
TAKING A BREATHER
Some areas need to slow down. As water levels at Hoover Dam reservoir hit an all-time low, United Nations Secretary-General António Guterres says the world is ‘coming to a point of no return’ on climate change. Half of all clothes sold by online fashion brands turn out to be made of virgin plastic. In North Korea, Kim Jung-un is waging war on slang, jeans and foreign films. BrewDog’s boss has apologised after former workers alleged a ‘culture of fear’. We now know that the medieval fashion for pointy shoes gave people bunions.
NAILING IT FOR CREATURE COMFORTS
Still, this 82-year-old man rustled up a public bench for his wife to sit on in just 30 minutes after his local council failed to provide one. This runaway monkey has been reunited with its family after a train station adventure. And the $2,700 Unitree Go1 robot dog will accompany you on a walk and carry your water bottle.