Ocado, Netflix, Sydney Airport: Top Trending Financial Tweets - Week 27
07/06/2018 | 12:29pm CET
We’ve had yet another event-filled week drawing to a close. From Ocado, Japan and Netflix to Sydney Airport and the Fed's concerns: here’s this week’s selection of top trending financial tweets.
#7 Ocado challenges Amazon
Its not often we hear that there is a company out there that truly challenges e-commerce giant Amazon. Usually its the other way around. When it comes to Amazons grocery-delivery business that may be about to change.
British online-grocery company Ocado is using air-traffic control systems and AI technology to co-ordinate 700 factory robots. As such, Ocados use of technology makes it a challenger to Amazon.
Ocado, a British online-grocery company, is using air-traffic-control systems and AI technology to co-ordinate 700 factory robots. Its use of technology has made it a challenger to Amazons grocery-delivery business pic.twitter.com/NjWdgKbNmq
On Tuesday, the Canadian dollar rose against its US equivalent. According to the Globe and Mail, the rise followed the upward movement of the oil prices and domestic manufacturing data that seemed to support the view that the bank of Canada will increase the interest rates next week.
Zozotown, (one of) the first companies to get Japanese consumers to shop online, is now facing fierce competition. According to Reuters, Zozotowns dominance is being challenged by big players like Amazon and Softbank Group Corp who are looking for a piece of the online fashion pie.
The Japanese fashion market has a size of $120 billion and was until recently almost completely dominated by brick-and-mortar stores, Reuters reports. Online fashion sales have grown to more than 10% over the past couple of years - with Zozotown being the leader of the pack - and are expected to exceed 20% in 3 years, according to Nomura securities.
Speaking of pies, Netflix is looking to get a chunk of the Indian-viewer-pie which counts more than 1 billion viewers. In order to do so, Reuters reports, the streaming giant knows it has to create local content to win viewers in big emerging markets because the latter will most probably dominate the companys growth over the next decade.
Which is why Netflix premiered its first original series in India on Wednesday. Sacred Games is an action-driven police series anchored by Bollywood star Saif Ali Khan.
On Thursday, the minutes of the last Fed meeting in June were released. According to Reuters, the minutes generally reflected a central bank thats impressed by the strength of the US economy and confident about its plans to keep raising interest rates.
Its not all sunshine and roses though. Fed policymakers do have concerns about the fact that risks related to trade policy could potentially have negative effects.
Also on Thursday, Australia got one step closer to replacing the traditional airport passport check-ins with more face scans. TechCrunch reports that Qantas will start trialing the plan this week on passengers for select flights into Sydney Airport.
Although its still very early stages and some people are - understandably - skeptical, the ultimate idea for the future is, according to Sydney Airport CEO Geoff Culbert for your face to be your passport and your boarding pass every step of the process.
Did you know that the US alone uses more energy for cooling than Africa uses for everything? Not only does airconditioning cost heaps of energy, it also produces an incredible amount of toxic greenhouse gasses. As airconditioning becomes affordable for more and more people you can imagine what this means for our planet
Scientists in Singapore have taken on the challenge to completely rethink airconditioning to protect the environment, TicToc by Bloomberg reports. Check out the video below to find out how exactly they plan to do this.
Alright, thats the first round-up of July all done. Of course, well keep on top of the latest Tweets and well continue to bring you the most trending financial micro-messages from the web. See you back here next Friday.