Amazon changing of the guard and a new look in the coming week


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This week is a new beginning and an important end time. I will assume a new role and guide you through the newsletter in the coming days. The purpose is to add more personality to the weekly guides for upcoming corporate and world events.If you like it, please tell your colleagues, family and friends to register Here. If you think it’s too much, too little, or really enough, you can email me [email protected].

It’s over now. This week, Jeff Bezos’s term as CEO is coming to an end. Amazon ——He won’t go far, just assume the role of executive chairman.Andy Jassy, ??the cloud computing boss of the e-commerce giant, will Net worth of US$214 million On Monday, on the anniversary of Amazon’s founding, he took over as CEO of the $1.7 trillion company.You can read the Financial Times’ analysis of Bezos’ legacy and how the company operates without him at the helm Here.

This week will also see the end of the European season, the long-delayed finals Euro 2020 The game will be held at Wembley Stadium in London on Sunday, July 11-Covid-19 limits willingness. On the same day, through the town, Wimbledon Host summary younger and youngerAccording to the British “Financial Times” analysis, the tennis men’s singles contest. In the United States, for basketball fans, we have already started-postponed again- NBA Finals. sign up Scoreboard Weekly roundup of FT sports writers.

the company

This week, we will learn how food retailers adapt to pandemic shopping trends.Have Half-year result Online grocery store from the UK Okado -Maybe an announcement Overseas expansion Its retail business. It’s hard to exaggerate the benefits of online delivery from the popularity.Over the years, Tim Steiner, the owner of Ocado, had to defend against those who were skeptical of the widespread adoption of online grocery shopping, and now he finds himself defending the Ocado model against faster delivery. Services such as Getir, GoPuff and Gorillas, these services have become Investor’s darling.

Supermarket chain J Sainsbury Will give the first quarter Transaction update The annual meeting is held on Tuesday and then on Friday. Like other major brick-and-mortar retailers, Sainsbury’s has been focusing on improving its online services. CEO Simon Roberts described the accelerated adoption of e-commerce during the pandemic as “one of the most important things that have happened in the industry in the past 20 years.”

Economic data

The state of global recovery from Covid-19 will be determined by OECD On Wednesday, as the pace of vaccine launches accelerates, growth forecasts may be raised again. The most worrying is developing countries, which have not yet felt the full economic impact of the coronavirus crisis. Agustín Carstens, General Manager, Bank for International Settlements caveat For these countries, the worst has yet to come.

During the pandemic, the UK real estate market has been resilient, thanks in large part to the stamp duty holiday introduced in July last year.This week Halifax Update its monthly housing price data, which may indicate how prices will change after the government takes measures Cancel tax relief.

Major economic and company reports

Below is a more complete list of company reports and economic data this week.

on Monday

  • Eurozone, IHS Markit integrated PMI (manufacturing and service industry)

  • UK, the Association of Automobile Manufacturers and Traders releases new car registration data

  • UK, Cips and IHS Markit Services PMI (manufacturing)

  • Jeff Bezos resigns as CEO of Amazon

on Tuesday

  • Eurostat retail sales data

  • United States, IHS/Markit Industry Purchasing Managers Index

  • The Reserve Bank of Australia will hold monthly board meetings

  • U.S. Census Bureau releases monthly motor vehicle sales data

  • UK, Cips and IHS Markit Construction Industry Purchasing Managers Index

  • United States, IHS Markit Service Purchasing Managers Index

  • Okado (H1)

  • J Sainsbury (transaction update for the first quarter)

  • Marks and Spencer (AGM)

on Wednesday

  • Halifax publishes monthly and annual house price indices

  • OECD releases its employment outlook for 2021

  • Germany, May industrial production data

  • Südzucker (transaction update for the first quarter)

Thursday

  • UK, RICS house price balance

  • The first group (preliminary results)

  • Persimmon (H1 transaction update)

  • Severn Trent (AGM)

  • OMV (2nd quarter transaction update)

Friday

  • China’s June Consumer Price Index and Inflation Data

  • UK, National Bureau of Statistics Monthly Index of May Production Data

  • UK, GDP data

World events

Below is a summary of other events and milestones this week.

on Monday

  • British Public Health Service NHS celebrates its 73rd birthday

  • Algeria celebrates independence day

  • 25th anniversary of Dolly the sheep becoming the first mammal successfully cloned

on Tuesday

  • The 74th Cannes Film Festival was postponed from the original schedule in May and opened in the south of France, hosted by Spike Lee

on Wednesday

Thursday

Friday

  • The G20 finance ministers and central bank governors met in Venice, chaired by the President of Italy.The conference will focus on three pillars of action: people, planet, and prosperity

  • Yitzhak Herzog became the new president of Israel. After the Knesset voted to appoint him for a single seven-year term on June 2, he succeeded Reuven Rivlin

  • Argentina celebrates independence day

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