WAL-MART’S SHOPPER DIFFICULTIES: Wal-Mart is struggling to gain traction in the U.S. because of the continued struggles of its core consumer. It strives for a delicate balance between trying to appeal to this customer and attracting a more affluent customer. Read more
WHY THE U.S. IS RECOVERING: Signs of modestly higher inflation and a robust jobs market in the U.S. have many economists cheering the recovery in the world’s largest economy. Despite this optimism, Schroders has signaled that this could hit exporters and destabilize growth in the rest of the world. Read more
MINIMUM WAGE HIKE IN UK?: Britain’s opposition Labour party will pledge to raise the statutory minimum wage if it wins the next election, as the wages of economies’ lowest paid workers make headlines worldwide. Read more
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