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French firm Danone cuts price of Aptamil by 7% – as watchdog accuses it of…

ONE of the biggest makers of baby milk formula is cutting its prices after the competition watchdog accused it of ripping off hard-pressed families. French firm Danone said yesterday it would be lowering the price of its Aptamil formula brand by 7 per cent. It comes after research last year showed baby formula prices had surged by 24 per cent over the last two years while the cheapest brand, Mamia sold by Aldi , had increased by 45 per cent. Danone, the £35billion French company, has a tight grip on the baby formula market, splitting 71 per cent of every sale with rival Nestlé . When asked if it would be lowering prices, a Nestlé…

Cubans Prepare for 500% Fuel Price Hike Amid Economic Crisis

The government of Cuba has announced a 500% increase in fuel prices beginning on February 1, as the nation suffers its worst economic crisis since the 1990s, with Cubans now readying themselves to weather what is being called a humanitarian crisis. The Cuban government can no longer manage a massive subsidy campaign that puts subsidized prices on nearly all essential goods and services. if(window.innerWidthADVERTISEMENTfreestar.config.enabled_slots.push({ placementName: "oilprice_medrec_atf", slotId: "oilprice_medrec_atf" });';document.write(write_html);} “The country can not maintain the price of fuel, which is the cheapest in the…

Davos loses its leadership as the world's top politicians give it a miss, says…

Davos loses its leadership as the world's top politicians give it a miss, says ALEX BRUMMER By Alex Brummer for the Daily Mail Updated: 22:03 GMT, 10 January 2024 e-mail View comments Davos is upon us with the World Economic Forum (WEF) forecasting that misinformation and disinformation are the biggest risks on the global landscape ahead of next week’s gathering of the good and great in the Swiss Alps. The WEF fears that a combination of AI, falsified information and a year of elections, including those in the US and Britain, will test societal resilience. The forum doesn’t have a brilliant record of reading the global runes and…

Wells Fargo: U.S. Residential Solar Sector To Outperform in 2024

Last year proved to be a banner year for the U.S. solar sector, with installed capacity rocketing 55% Y/Y to a record 33 GW, driven by robust growth by residential solar and high energy prices. It’s something of a minor miracle that the sector was able to record that kind of growth at a time when interest rates were going through the roof. The 10-year treasury yield jumped from half a percentage point in 2020 to just under five-percentage points in November 2023 as the Federal Reserve hiked rates to combat stubbornly high inflation in the aftermath of the Covid-19 pandemic. Despite the strong growth in installed capacity, solar…

Global unemployment set to worsen in 2024: U.N.

The global unemployment rate will increase slightly in 2024, the United Nations said Wednesday as it raised concerns about stagnant productivity, worsening inequalities and inflation biting into disposable income. The U.N.'s labor agency said the economic recovery from the COVID-19 pandemic has slowed down, with ongoing geopolitical tensions and persistent inflation triggering aggressive moves by central banks. That said, global growth in 2023 was modestly higher than anticipated, and labour markets showed surprising resilience, the International Labor Organization said. However, real wages declined in most of the G20 countries as…