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28.05.26 - 22:42
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Former LVMH Chair Brown Discusses K-Shaped Recovery Within Luxury Sector (Bloomberg)
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Pauline Brown, former chair of LVMH North America, joined the discussion to analyze the ongoing k-shaped economic recovery, particularly within the luxury retail sector. She highlighted that even among luxury brands, performance is diverging significantly. She speaks with Romaine Bostick & Katie Greifeld on "The Close." (Source: Bloomberg)...
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28.05.26 - 22:30
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Hormel Foods Shares Rise on Strong Q2 Earnings (Bloomberg)
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Hormel Foods reported adjusted earnings per share and organic sales for the second quarter that exceeded analyst expectations, driving a notable increase in its stock price. John Ghingo, President of Hormel Foods, discussed the company's ongoing turnaround plan and its positive impact on results. He speaks with Romaine Bostick and Katie Greifeld on "The Close." (Source: Bloomberg)...
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28.05.26 - 15:24
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US Consumer Spending Increases as Inflation Accelerates (Bloomberg)
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US consumer spending edged up in April, as inflation-adjusted consumer spending rose 0.1% last month, with annual inflation accelerating to the highest level since 2023 on increased energy prices. Michael McKee breaks down the data on Bloomberg Television. (Source: Bloomberg)...
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28.05.26 - 14:48
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Ministers in talks over shelving carbon tax on fertiliser to curb food inflation (The Guardian)
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Exclusive: Package of measures discussed with farmers, including pause on duty due to come into effect next year Ministers are in discussions about suspending a carbon tax on fertilisers, due to come into effect early next year, in an effort to curb food inflation.The move would be part of a package of measures, including the suspension of import tariffs on a range of foods including bread, biscuits and bananas. Continue reading......
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28.05.26 - 13:01
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Hormel Foods Corp Reports Retreat In Q2 Income (AFX)
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WASHINGTON (dpa-AFX) - Hormel Foods Corp (HRL) revealed earnings for second quarter that Drops, from the same period last yearThe company's earnings totaled $157.47 million, or $0.29 per share. Th......
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28.05.26 - 10:24
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Brexit red tape on food exports to be scrapped under UK-EU reset deal (The Guardian)
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Agreement affecting meat, plants and packaging promises to end paperwork 'hell' and border delays from 2027Business live – latest updatesBrexit red tape affecting UK food exports to the EU, including fresh sausages and burgers, will be scrapped from mid-2027 in the first confirmed result of Keir Starmer's “reset” negotiations with Brussels, the government has announced.When the rules come into force, exporters of meat – whether fresh, frozen or processed – will no longer require costly veterinary certificates to prove they meet EU standards. Nor will they need similar documentation for plants or wood packaging material. Businesses selling into Northern Ireland will no longer require health labels. Continue reading......
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28.05.26 - 08:51
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Zoll stellt illegale E-Zigaretten aus China sicher (DPA-AFX)
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MÖNCHENGLADBACH/DÜSSELDORF (dpa-AFX) - Der Zoll hat bei Durchsuchungen in Düsseldorf und Mönchengladbach illegale E-Zigaretten sichergestellt und dabei einen mutmaßlichen Steuerschaden von mehr als acht Millionen Euro aufgedeckt. Dies teilte das Zollfahndungsamt ......
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28.05.26 - 08:00
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Lifting of internet restrictions reveals Iranians′ anger over food inflation (The Guardian)
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As government begins restoring connection, population voices dismay over food price increases and shortagesThe partial lifting of internet restrictions in Iran has revealed a rising tide of anger about food price inflation as ordinary Iranians decry annual price increases of 308% for vegetable oil, 190% for chicken, and 170% for rice.Iranian authorities on Tuesday began restoring the connection to the global internet that was severed on the first day of the US-Israeli war against the Islamic Republic on 28 February, as it had been during mass protests in January. Continue reading......
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28.05.26 - 07:30
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Britain ′sleepwalking into a food crisis′ without urgent action, experts say (The Guardian)
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Industry figures warn of national security risk and call for ministers to address impact of extreme weather, inflation and Iran warBritain is “sleepwalking into a food crisis” caused by extreme weather, inflation and the impacts of the Iran war – and the government is failing to take the threat seriously, food experts have said.Farmers are facing severe strain from the current heatwave following a dry spring, with many crops likely to yield less as temperatures rise beyond their tolerance. Livestock are also suffering heat stress and there is a rising risk of wildfires. Economic losses are likely to be measured in the hundreds of millions of pounds. Continue reading......
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