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26.08.26 - 15:01
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US Core PCE Rises 0.2% in July, Consumer Spending Stalls (Bloomberg)
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The Federal Reserve's preferred inflation metric, the so-called core PCE price index, which excludes food and energy items, rose 0.2% in July and advanced 3.3% from a year ago. Inflation-adjusted consumer spending was flat last month. Michael McKee reports on Bloomberg Television. (Source: Bloomberg)...
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26.08.26 - 13:06
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ROUNDUP/Klingbeil: Keine Zuckersteuer auf Zero-Getränke (DPA-AFX)
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BERLIN (dpa-AFX) - Eine Ausweitung der geplanten Zuckersteuer auf zuckerfreie Light- und Zero-Getränke mit anderen Süßungsmitteln kommt nach Angaben von Finanzminister Lars Klingbeil nicht in Betracht. "Das mache ich nicht. Das wird nicht kommen", erklärte ......
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26.08.26 - 11:36
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When Paris Went Hungry Under Government Food Controls (ZeroHedge)
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When Paris Went Hungry Under Government Food Controls
Authored by Daniel J. Smith via The Daily Economy,
How does Paris get fed? Frédéric Bastiat famously explained in Economic Sophisms (1845) how market exchange reliably provisioned the (then) million people of Paris with agricultural produce from the countryside that they were able to enjoy "peaceful slumbers...not disturbed for a single instant...."
In stark contrast, Bastiat predicted that there would be "much suffering within the walls of Paris - poverty, despair, perhaps starvation..." if a presumptuous minister decided to replace the market with their own decision-making for what "should be produced, transported, exchanged and consumed...."
We can appreciate Bastiat's observation about the miraculous functioning of the market even more when we look at a time when Paris actually went hungry.
France's Experiment in Forced Provisioning
Leading up to the French Revolution in 1789, France found itself in a p...
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26.08.26 - 11:01
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Klingbeil: Keine Zuckersteuer auf Zero-Getränke (DPA-AFX)
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BERLIN (dpa-AFX) - Finanzminister Lars Klingbeil will keine Extrasteuer auf zuckerfreie Getränke erheben. "Das mache ich nicht. Das wird nicht kommen", erklärte der SPD-Chef auf Instagram. Eine "Zuckersteuer auf zuckerfreie Getränke" ergebe keinen Sinn....
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26.08.26 - 10:06
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China′s Amos Food plans Hong Kong listing to expand global sweets empire (SCMP)
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Chinese confectionery giant Amos Food is seeking a listing in Hong Kong, as the firm looks to capitalise on the viral popularity of its sweets brands by ramping up investment in its overseas operations.
Shenzhen-based Amos – known for its Peelerz peelable gummies and TastySounds music lollipops – has seen its sales soar over the past few years, especially in North America, where its sweets have become a sensation on the TikTok short video platform.
The firm's listing application, submitted to......
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26.08.26 - 04:15
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"Buffers Running Down Quickly": HSBC Warns Next Global Food Shock Brewing (ZeroHedge)
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"Buffers Running Down Quickly": HSBC Warns Next Global Food Shock Brewing
Warnings on Wall Street about a confluence of stressors building deep within global agricultural supply chains are growing louder by the week, raising the risk of a food crisis next year.
JPMorgan analysts warned last week that the next global food crisis "won't be short-lived." HSBC analysts sounded a similar alarm, pointing to tightening grain supplies, El Niño, disruptions at maritime chokepoints, and a supply "squeeze" sending grain prices soaring.
HSBC economist Jamie Culling, who covers Australia, New Zealand, and global commodities, published a note Tuesday titled "Food Prices Rising Due to the Weather and Wars," warning that the supply squeeze is already showing up in spot markets. Cereal prices, including wheat, corn, barley, and rice, rose 22% year over year through July.
"Having strong supplies and stocks going into this year has helped keep prices from spiking h...
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