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14.03.26 - 12:30
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Global food supplies could be badly hit if Iran war drags on, says fertiliser boss (The Guardian)
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Yara's Svein Tore Holsether says it would be 'catastrophic' if the strait of Hormuz was closed for a year The boss of one of the world's largest fertiliser companies has said global food supplies could be badly damaged this year if the Iran war becomes an extended conflict.Svein Tore Holsether, the chief executive of Norway's Yara International, has called on global leaders to consider the impact that soaring food prices will have in some of the world's poorest countries “before it is too late”. Continue reading......
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14.03.26 - 03:00
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SNAP Recipients Sue Trump Administration Over Sugary Food Restrictions (ZeroHedge)
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SNAP Recipients Sue Trump Administration Over Sugary Food Restrictions
Authored by Naveen Athrappully via The Epoch Times,
Supplemental Nutrition Assistance Program (SNAP) beneficiaries sued the Department of Agriculture on March 11 over the issuance of waivers to five states restricting certain types of foods that can be purchased under the program.
On May 19 last year, Agriculture Secretary Brooke Rollins issued a waiver to Nebraska that bans SNAP recipients in the state from buying soda or energy drinks. As of March 4 this year, the Department of Agriculture (USDA) has approved similar waivers for 22 states in total.
In addition to soda and energy drinks, the additional waivers prohibit the purchase of fruit and vegetable drinks with less than 50 percent natural juice, as well as candy, unhealthy drinks, soft drinks, prepared desserts, sugar-sweetened beverages, and processed foods and beverages. Different states ban one or more of these items.
In the lawsuit, filed at the U.S. District Cou...
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13.03.26 - 15:48
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US Consumer Spending Stalls, GDP Takes a Hit (Bloomberg)
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Wall Street is digesting a raft of economic data that could bolster the case for a Federal Reserve rate cut in 2026. The FOMC meets next week. Bloomberg's Michael McKee reports on consumer spending and US GDP growth. (Source: Bloomberg)...
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13.03.26 - 15:06
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Burgers, Memes and CEOs: The Fast-Food War Goes Viral (Bloomberg)
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The viral video of McDonald's CEO Chris Kempczinski trying the chain's new Big Arch burger has taken fast food's burger war to social media. Bloomberg's Ben Steverman joins Stacey Vanek Smith and Max Chafkin on the Everybody's Business podcast to discuss the viral video and what it has to do with the K-shaped economy. (Source: Bloomberg)...
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13.03.26 - 14:18
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US Consumer Spending Barely Rises in January (Bloomberg)
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A wave of US economic data came out Friday morning. Consumer spending barely moved upward, the US economy expanded at a 0.7% annualized rate in the fourth quarter and the so-called core PCE index rose 0.4% from December. Michael McKee has a first look. (Source: Bloomberg)...
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12.03.26 - 16:24
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Retail inflation rises to 3.21% in February as food prices climb (Times of India)
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India's retail inflation climbed to 3.21% in February, primarily driven by a surge in food prices. While this rise is within the RBI's target, specific items like gold and silver saw price acceleration. Core inflation remained steady, suggesting underlying price trends are moderate. Experts anticipate potential upside risks from oil prices but view them as temporary....
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