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Business, Economy

“Fast food workers are losing their jobs in California as new minimum wage law takes effect”

“Fast food workers are losing their jobs in California as more restaurant chains prepare to meet a new $20 minimum wage set to go into effect next week. Restaurants making cuts are mostly pizzerias, according to a report published by The Wall… Continue Reading…

Economy

“Cuba asks UN for help as food shortages worsen”

“Cuba’s government has for the first time asked the UN’s food programme for help as food shortages on the Communist-run island worsen. The World Food Programme (WFP) said it had received an unprecedented official request from the Cuban government for… Continue Reading…

Economy

“France’s protesting farmers encircle Paris with tractor barricades, vowing a ‘siege’ over grievances”

“JOSSIGNY, France (AP) — Protesting farmers encircled Paris with traffic-snarling barricades Monday, using hundreds of lumbering tractors and mounds of hay bales to block highways leading to France’s capital to pressure the government over the future of their industry, which has been… Continue Reading…

Economy

“From housing to energy to food, US inflation picks up…”

“…Thursday’s report from the Labor Department showed that overall prices rose 0.3% from November and 3.4% from 12 months earlier. Those gains exceeded the previous 0.1% monthly rise and the 3.1% annual inflation in November and were slightly above economists’… Continue Reading…

Economy

“As food prices rise in June, analysts warn of a ‘tipping point’ for Americans”

“…Food prices rose 3% in June compared to a year ago, according to the latest data from the Bureau of Labor Statistics. After a year of price hikes, consumers continued to see food prices rise, but at a slower rate. Grocery… Continue Reading…

Business

“Wood-delivery startup Wonder Group gets $100 million investment from Nestle”

“Food-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to sell high-tech kitchen equipment and prepared ingredients to businesses such as hotels, hospitals and sports arenas. The deal includes a $100 million investment from Nestle,… Continue Reading…

Economy

“Wheat prices soar for a third day as Russia-Ukraine tensions stoke fears of major food crisis”

“Wheat prices rose on Thursday after Russia threatened to treat ships heading for Ukrainian ports as military cargo carriers, deepening fears of a global food security crisis. It marks the third consecutive day of price rises. The most actively traded… Continue Reading…

Economy

“Russia and Ukraine Finally Reach A Grain Export Agreement”

“EDITOR’S NOTE: Perhaps there was some hope that global grain prices would ease as soon as Russia and Ukraine reached a grain export agreement, allowing the latter to resume its exports. If anything, it would have helped ameliorate the global… Continue Reading…

Economy

“Long lines are back at US food banks as inflation hits high”

“…Inflation in the U.S. is at a 40-year high and gas prices have been surging since April 2020, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief have also taken a… Continue Reading…

Economy

“Inflation Hits July 4 Cookouts With Food Prices Up as Much as 36%”

“…Ground beef prices are up 36% from a year ago, while chicken breasts gained by a third, according to a survey from the American Farm Bureau Federation. Overall, revelers can expect to spend 17% more on food for a barbecue,… Continue Reading…