In upcoming annual negotiations, French supermarket retail groups may push for price reductions ranging from 2 per cent to 5 per cent from food manufacturers, as revealed by Thierry Cotillard, President of Les Mousquetaires, during discussions with lawmakers. French retailers, including Les Mousquetaires, have raised concerns about what they perceive as unjustified price increases by […]
The United Arab Emirates (UAE) has imposed a ban on fresh meat imports from Pakistan via sea route after fungus was found on meat, according to ARY News. A restriction was imposed when fungus was discovered on meat sent from Karachi to the UAE by a firm. The restriction will be in effect until October […]
Alibaba Group Holding, the Chinese ecommerce company has informed Turkish President Tayyip Erdogan of its intentions to invest USD 2 billion in Turkey. This announcement was made during a meeting between Erdogan and Michael Evans, President of Alibaba, according to the company’s Turkey Unit’s statement, however, the statement did not specify a timeline for the […]
Hamleys, a toy retailer inaugurated its very first exclusive retail store in Italy with franchisee Giochi Preziosi S.P.A (GP), a player in Italy’s toy manufacturing and distribution industry. Under the terms of the franchise agreement, GP has secured the exclusive rights to operate Hamleys stores throughout Italy. This store opening will soon be followed by […]
Amid rising gas prices, the US inflation rose to 3.7 per cent, recording an acceleration for the second-straight month, CNN reported on Wednesday. However, core inflation, which strips out volatile food and energy prices, continued to slow, CNN reported citing data from the Bureau of Labor Statistics. The Consumer Price Index, a closely watched inflation […]
German Chancellor Olaf Scholz, on Saturday, said that the people globally have been affected by higher prices, energy shortages and food security due to Ukraine war, as per Reuters. In a press conference, on the sidelines of the G20 Summit, the German Chancellor said, “What cannot be not talked about is the Russian war of […]
Sugar prices in Pakistan have increased to Rs 185 per kg, with the country’s Economic Coordination Committee (ECC) asking relevant agencies to check for the hoarding and smuggling of sugar, Dawn reported. Dawn is a reputed Pakistan-based English daily. The rising wholesale rates have been providing an opportunity for various online mart and retail shop […]
Prime Minister Narendra Modi on Friday announced that India and Greece agreed to double the bilateral trade by 2030 and upgrade bilateral ties to a strategic level, adding their commitment to the ongoing India-EU trade and investment negotiations as well as for the early implementation of the India-EU Connectivity Partnership. PM Modi, during his daylong […]
India’s July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2 years following OPEC+ cuts, tanker data from trade and industry sources showed. Both China and India, the world’s biggest and third-biggest oil importers, cut imports from Russia and […]
India is in talks with Russia to import wheat at a discount to surging global prices in a rare move to boost supplies and curb food inflation ahead of state and national elections next year, according to four sources. The imports would allow New Delhi to intervene more effectively in the market to drive down […]
