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01.09.21 Commercial Awareness Update









Transcript:


FTSE100? More like FTSE = 0

"30 FTSE 100 Companies sign the UN race to Zero Campaign.

1/3rd of the UK's largest businesses pledge to eliminate carbon emissions by 2050. Using different strategies, Vodafone, Sainsbury's, Rolls Royce and more honour pledges to the UN campaign. The UK offers support for the transition to green energy through the Industrial Decarbonisation Strategy and North Sea Transition deal to protect jobs and businesses. The UK also seizes Green revolution economic opportunities with 460,000 jobs and low carbon exports worth billions each year."


Sources:

https://www.standard.co.uk/business/which-ftse-100-firms-signed-race-to-zero-pledge-b926990.html

https://www.gov.uk/government/news/third-of-uks-biggest-companies-commit-to-net-zero

For more:

https://www.gov.uk/government/news/major-blueprint-to-create-green-jobs-and-slash-emissions-from-industry-schools-and-hospitals

https://www.gov.uk/government/news/north-sea-deal-to-protect-jobs-in-green-energy-transition

https://www.gov.uk/government/publications/the-ten-point-plan-for-a-green-industrial-revolution/title


Apple and Google yeeted by new South Korean law:

"South Korea approves legislation banning Apple and Google from forcing app developers to use their built-in application payment systems. This law attempts to increase competition and create opportunities for other in-app purchase operating systems. Apple and Google take 15-30% commission (half from last year) and are accused of creating unfair competition. Apple argues that the law potentially exposes users to greater risk, and may decrease trust. Google responds to claims pointing out the global platform that the play store has given to South Korean app developers"


Sources:

https://www.thestreet.com/investing/apple-google-hit-by-south-korean-app-payment-law


For more:

https://www.ft.com/content/897ab9a9-df38-4c32-9e70-ef752c38c514

https://techcrunch.com/2021/03/16/google-play-drops-commissions-to-15-from-30-following-apples-move-last-year/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADn42O33xngNKRI0tyBQJegSoMsoa1IxWlRVixT8KstxyQ8Yi4p9VqOXkJ1p3woOa1WFl9g8XfMg1Smv7hMdjoLQ-OyWQhfB8HLZGVcG9rNO1MP55bNcaDCdcekIsTsP9FHVpNsLZDvNG3ftgA63HkoQMe4QQMa78DX-Pu9hB-ze


Supermarkets forced to Super-park-it

"Stock levels fall to an undersupply of -21%, underperforming greatly in relation to expected sales. Supermarkets were hit first followed by restaurants and pubs. The source of this issue is the shortage of lorry drivers and trucks. Tesco expresses concerns about the driver shortfall of over 100,000 . Milk and meat supplies are hitting supermarkets the hardest. Food chains McDonalds, KFC, and Novikov also experience shortages in popular menu products. Pubs saw a drought of specific alcoholic drinks. As 60% of UK poultry workers are from the EU and long-term Brexit immigration problems loom, there is a potential threat to

the poultry industry. The Department of Environment Food and Rural Affairs looks to recruit more to the domestic labour force and invest in automation to combat shortages. Companies are offering huge sign-on bonuses to staff."


Sources:

https://www.thelawyerportal.com/blog/uk-businesses-battle-shortages/

For more:

https://www.independent.co.uk/news/uk/politics/brexit-food-shortages-christmas-2022-b1908779.html

https://www.thetimes.co.uk/article/food-shortages-worst-i-have-seen-says-supermarket-chief-c3km3q7vg


China: Stop playing

Students: ...

China: No seriously...

"China plans to enforce a new game ban for children under 18 to combat video-game addiction. Students are prohibited from playing video games Monday through Thursday and are permitted to play games for the rest of the week for 1-hour, between 8 pm - 9 pm. Devices are to connect to an anti-addiction system operated by the National Press and Publication Administration. All users are required to use real names and government-issued identification."


Sources:

https://www.independent.co.uk/life-style/gadgets-and-tech/china-ban-video-games-kids-b1911709.html

For more:

https://www.bbc.co.uk/news/world-asia-china-58380792


Shopping here is gonna cost ya...

"More small businesses are charging shoppers a fee for using credit cards and providing discounts for shoppers who use debit cards, cash, or cheque. Businesses are making this decision to combat business charges on credit card payments. This comes at the same time as cash-back and travel awards become increasingly generous for credit-card users. According to the Strawhecker group, less than 5% of 8 million card-accepting businesses in America charge fees on credit card transactions. This is an increase from 5 years ago when estimations were at 2% or less. The pandemic is also a factor, as businesses use fees to recover from loss."


Sources:

https://www.wsj.com/articles/paying-with-a-credit-card-thats-going-to-cost-you-11629378047

For more:

https://www.independent.co.uk/news/business/news/coronavirus-small-businesses-lockdown-fsb-b1785098.html


JustEat takes the NorthEast


"JustEat expands the workforce with 1,500 jobs in Sutherland for a variety of customer service roles. This comes after Just Eat's £100 million five-year investment into the North East region. The recruitment of 300 new staff are to replace jobs previously outsourced to the Philippines, India and, Bulgaria. The NorthEast has become an investment hotspot. According to the Department for International Trade, the region created 179 jobs for every 100,000 in 2019/20.2,500 of 2020 jobs were created by foreign investment."


Sources:

https://www.thelawyerportal.com/blog/justeat-seals-north-east-as-investment-hotspot/


For more:

https://www.business-live.co.uk/technology/global-tech-firm-thoughtworks-create-21283172




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