What's hot on july 11th?

"The Man Who Gave New York Its Greatest Candy Store Has Passed Away. Morris "Moishe" Cohen opened New York’s Economy Candy way back in 1937, toward the end of the Great Depression. He was only 19 at the time, and on Friday, he passed away at the age of 97. The family-owned Lower East Side store — now run by his grandson, Mitchell Cohen — has become one of New York’s all-time classics, selling thousands and thousands of gum balls, chocolate-covered marshmallows, candy Legos, halvah bars, and dried cherries."

"The U.S. and China will lay out key data points this week, giving a snapshot of the world’s top consumer economy and its biggest exporter. In Europe, the focus is on further fallout from the U.K.’s vote to exit the European Union, including a possible rate move by the Bank of England.
WEDNESDAY: China releases its import and export figures. Some economists forecast a year-on-year drop in June of up to 5.5% in exports and 7.2% for imports. In May, exports slid 4.1% and imports decreased 0.4%, expanding China’s trade surplus to $49.98 billion. Beijing officials have worried this year that trade is being used as an unauthorized way of sending capital out of the country."

"The impressive performance of Japan's ruling coalition government at parliamentary elections on Sunday is a reminder to Prime Minister Abe that his first and foremost priority remained the economy, not political reforms.
Abenomics, the set of radical economic policies designed to end Japan's deflation funk, has experienced a number of setbacks in its three-and-a-half-year existence, but the ruling coalition party still managed to secure 70 out of the 121 seats up for grabs in the upper house at Sunday's vote. That means the Liberal Democratic Party (LDP) and the New Komeito Party now have a majority in both houses of parliament."

"The UK economy is already showing early signs of stress in the wake of the Brexit vote with a consumer spending and productivity ndex slipping to multi-year lows last month.
Business activity in the second quarter of the year fell to three-year lows, according to Lloyds Bank’s tracker for manufacturing and services, with London emerging as a key casualty of the political and economic uncertainty caused by the referendum."

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