Rising chocolate and butter prices drive up rates
The rising cost of chocolate, butter and eggs has helped drive food price inflation to its highest in 18 months, a survey says. Food inflation hit 4.2% this month, compared…
Musk firms sue Apple and OpenAI, alleging they hurt competition
Getty Images Two Elon Musk-backed businesses have officially sued Apple and OpenAI, accusing them of joining forces illegally to block threats from potential competitors. The lawsuit, filed in the US…
Keurig Dr Pepper to buy Peet’s coffee for $18bn
Bloomberg/Getty Images US drinks giant Keurig Dr Pepper has agreed to buy Dutch coffee firm JDE Peet’s for €15.7bn (£13.6bn, $18.4bn) in the largest European acquisition in more than two…
TFW you're doing a food shop, but something's not right
TFW you’re doing a food shop, but something’s not right Source link
Half of UK job losses in hospitality, say bosses
Faarea Masud BBC Business reporter Getty Images Leaders in the hospitality industry have said that more than half of the UK’s job losses since the last budget have come from…
Why should I care about the crisis-hit Chinese property giant?
Peter Hoskins Business reporter, BBC News Getty Images Before its debt crisis, Evergrande was building a new stadium for its football team, Guangzhou FC What does Evergrande do? Evergrande, formerly…
Climate change pushing winemakers to blend different years
Will Smale Business reporter, BBC News Cain Californian winery Cain makes a red wine that is a blend of two consecutive years In the world of wine vintage is king.…
Chinese property giant to be delisted after spectacular fall
Peter Hoskins Business reporter, BBC News AFP via Getty Images Evergrande was once China’s biggest property developer Chinese property giant Evergrande’s shares will be taken off the Hong Kong stock…
US government announces 10% stake in chipmaker Intel
US Secretary of Commerce Howard Lutnick said on Friday that the federal government will take a 10% stake in Intel. “This historic agreement strengthens US leadership in semiconductors, which will…
Fed chair Powell raises hopes of US rate cut
Jerome Powell, the head of the US central bank, has given a rocket boost to expectations that there will be an interest rate cut in September, a move President Trump…