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Wednesday, 10 May 2017

What we’re tracking on 10 May 2017

Prime Minister Sherif Ismail will fly to the UK today to participate in the two-day London Somalia Conference 2017, Ahram Online reports.

The House of Representatives is expected to vote today on the 10% hardship raise forbureaucrats not covered by the Civil Service Act after postponing the vote once again due to lack of quorum. The whole proposal could be taken off the table if the assembly fails to show up for the vote a third time. (More in this morning’s Speed Round, below.)

Coke has a new boss, and he wants his staff to take risks. James Quincey, a Brit no less, is looking to shake things up as he takes over as CEO, telling the Wall Street Journal: “‘I’m not sure fear of failure is entirely wrong, except when it leads to inaction. If you’re trying to do something different on Coke, failure is big and emblematic.’ Mr. Quincey said that because the company for much of its 131-year history has been focused on ‘curating the world’s most valuable brand, a lot of due attention and care was paid to any changes that were made.’ But on smaller, emerging brands, the company needs to be experimenting more, he said. ‘If we’re not making mistakes, we’re not trying hard enough.’”

Running is really, really good for you — even when “controlling for smoking, booze consumption, body mass index” and the over-consumption of sugary drinks such as Coke, it’s better than any other form of exercise at keeping you alive. We’ve said it before, and now GQ is the latest to pick up the research.

We need to all be on our best behaviour for just 48 more hours. The IMF delegation reviewing Egypt’s progress on reforms on which the USD 12 bn bailout package is conditional is in town through tomorrow, from what we understand.

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