Kroger signed a ‘transformational’ deal with UK online grocer Ocado — and Ocado’s shares are skyrocketing

Kroger signs exclusive US deal with warehouse technology company Ocado. Kroger is also buying a 5% stake in Ocado for £183 million. Kroger is hoping to build three next-generation warehouses with Ocado this year and aiming for 20 new warehouses over the next three years. Ocado CEO calls the partnership “transformational,” although the exact financial impact isn’t clear. Ocado shares jumped nearly 50% on the deal. LONDON — US grocery giant Kroger has signed an exclusive deal with Ocado, the British online grocer that makes tech savvy supply chain and fulfilment technology. Ocado said in a statement on Thursday that it has signed a deal allowing Kroger to use its… Read More

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Theresa May reportedly wants to stay in the customs union for years after Brexit

Theresa May and her Cabinet are reportedly ready to stay in the customs union beyond 2021. The extension would give UK more time to come up with a workable customs solution. British officials want there to be a strict time-limit on the proposal. Downing Street reportedly believes the proposal would allow ministers to say they have formally left the EU customs union while avoiding a hard border with Ireland. LONDON — Britain is willing to stay aligned with EU customs rules and tariffs until well into the 2020s, as ministers continue to battle over the UK’s post-Brexit arrangements, according to multiple reports. Three senior officials from the UK and EU… Read More

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Taboos break and alliances form: Netanyahu hurries to Moscow and the Iranians to Beijing

The pantomime is in full swing, but no one knows the end of the script. Amid the severe tribulations afflicting the Middle East – horrendous clashes on the Gaza border, missile exchanges between Iran and Israel, the surprise success of the hard-line Shia cleric Muqtada al-Sadr in Iraqi elections and the perpetual wars in Yemen and Syria – one could be forgiven for missing an event that took place recently in Saudi Arabia, named (perhaps aptly) “The Greatest Royal Rumble”. The stars of World Wrestling Entertainment (WWE) arrived in Jeddah for a show that saw them condemned for acceding to Saudi demands to leave their female performers behind and a… Read More

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From the Golan Heights, the tragic legacy of the West’s botched response to the Arab spring is all too visible

In Israel, you have an up-close-and-personal view of Obama’s greatest mistake. At the Decks bar and grill in Tverya, on the sea of Galilee, the proprietor – a pleasant woman with an American accent – is explaining the exchange of hostilities on the Israeli-Syrian border. Her finger traces along the grain of the wood. “They went here,” she says, barely shifting her finger over one side of the grain to indicate the Golan Heights, Israeli-controlled territory that was struck by 20 missiles, reportedly from Iran (though the government in Tehran disputes this). “And in response, we went like this.” She smashes her hand down flat on the other side of… Read More

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The UK is heading for a ‘constitutional crisis’ if May forces through Brexit without Scotland’s consent

Scotland’s Brexit minister warns Theresa May risks a “constitutional crisis” if the PM doesn’t back down on plans to push through Brexit bill without the consent of Scottish parliament. The Scottish parliament voted by 93 votes to 30 to refuse to consent to the EU Withdrawal Bill, but May reportedly plans to push it through parliament anyway. He said such a move would “show that Theresa May is not committed to the constitution as it exists.” I think there’s a very substantial lack of trust in this relationship which has been created by Theresa May and the way in which she’s operated,” he added. LONDON — The UK risks a… Read More

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10 things in tech you need to know today

Good morning! This is the tech news you need to know this Thursday. 1. The US Senate voted 52-47 on Wednesday to put the Federal Communications Commission’s net-neutrality rules back in place. It’s a surprising move that could lead to the reversal of one of the Trump administration’s most controversial policies involving America’s tech industry. 2. Mark Zuckerberg will appear before European Parliament early next week to answer questions about the Cambridge Analytica scandal. Zuckerberg has so far refused to appear before British politicians in the UK. 3. Facebook is still allowing advertisers to target users based on sensitive inferred interests such as their sexuality or race, despite both being… Read More

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