Food Financial News

The food service industry could be decimated by a wave of closures if the federal government does not extend the Jan. 18 deadline for the repayment of loans under the Canada Emergency Business Account program, two industry groups are warning.

Nirmala Sitharaman will present her sixth budget, and the last one before the general elections expected in April-May, on February 1. The Centre will seek to build on the growth momentum witnessed in the past two years without undermining fiscal discipline. ET looks at some of the key budget components: 1. Budget Size: This will be the most-tracked number ahead of general polls, as it will reveal the govt’s fiscal support to the economy and various welfare programmes.

India’s retail inflation likely rose for the second straight month to 5.9% in December 2023 mainly on account of an unfavourable base effect, according to the median estimate given by 19 economists in a Mint poll. The uptick, which comes after a 5.55% print in November, could support the Reserve Bank of India’s (RBI’s) decision to hold the repo rate steady at 6.5% for the fifth time a row last month. The predictions in the poll ranged between 5.5% and 6.4%, with six economists expecting inflation to be at or above 6%, the upper tolerance limit of the RBI’s inflation targeting mandate.

Known for its distinctive East-meets-West culture, Hong Kong is ideal for couples to create a unique and timeless memory. From exploring the city on a swoon-worthy photoshoot to creative workshops for crafty couples and dinners at the hottest restaurants in town, it’s time for you to start planning an unforgettable Valentine’s Day in one of Asia’s most romantic cities.

BENGALURU : Digital tech-focused Arkam Ventures has included electric vehicles and manufacturing as areas of focus for its second venture capital fund, in addition to fintech, skilling, software-as-a-service, logistics, and food agriculture, a top executive said. The second fund, thematically, has a multi-fund thesis, said Bala Srinivasa, managing director at Arkam Ventures. “In this fund, you will see a mix of sectors connected by the digitization thesis.

multivitamin tablets for women has become increasingly popular among various health strategies. These supplements are designed to fill nutritional gaps and support overall wellness. This article delves into why multivitamin tablets for women are essential and how they contribute to women's health.

Total sales grew 1.7% in December, compared with almost 7% growth a year earlier, the British Retail Consortium and consultancy KPMG said in a report Tuesday. Sales of non-food items declined over the three months to December, with shoppers particularly avoiding big-ticket purchases such as furniture and homeware. Clothing, jewelry and technology were other gift categories that struggled. 

Investing.com-- Inflation in Japan’s capital fell as expected in December and was now within spitting distance of the Bank of Japan’s annual target, likely heralding a similar trend from nationwide inflation.

Health Canada on Monday emphasized its commitment to taking swift action to “safeguard” the country’s prescription drug supply after a U.S. ruling that could see certain drugs imported south of the border from Canada.The warning comes days after the U.S.

NEW DELHI : The Union government may allocate ₹2.2 trillion towards food subsidy in the forthcoming budget to pay for higher farm support prices and an extended free food scheme, a top official said. The allocation, which could be 10% higher than last year’s, would be at a time the government is focused on ensuring food security and keeping food inflation in check. While the food subsidy allocation for 2023-24 was ₹1.97 trillion, the outgo in the current fiscal has already crossed ₹2 trillion, Union food and public distribution department’s secretary Sanjeev Chopra said.

Health officials say at least two dozen people in 14 states were sickened by salmonella poisoning tied to recalled meat snack trays sold at some Sam’s Club stores

Poland's state news agency is reporting that Polish farmers who had blockaded a border crossing to Ukraine have ended their protest after reaching an agreement with the government

U.S. health officials say that recalled cinnamon applesauce pouches tied to lead poisoning in U.S. kids contained chromium, a chemical element that can be toxic

CES 2024 kicks off in Las Vegas this week

Trade Promotion Council of India (TPCI) with the support of the Department of Commerce. Goyal said that the food exports from India holds an immense potential and this this fiscal, the country's agri exports will be more than last year's level of USD 53 billion despite restrictions imposed on shipments of certain key commodities.

By Michael S. Derby

gut problems? It’s time to switch to a gut-healthy diet! Eating food items rich in probiotics can help you clean up your metabolic system and achieve a healthy bowel movement.

Jefferies upgraded DoorDash, Inc. (NASDAQ:DASH) to a Buy rating (From Hold), raising their 12-month price target on the food delivery platform to $130.00 (From $90.00) after choosing the company as a “Top Pick”, a spot previously held by Uber (NYSE:UBER).

Can Indian inflation fall below 4% and economic growth remain strong in 2024? Here's what experts say "Some base effects should also help pull down inflation in the clothing and footwear, and miscellaneous categories. Households' near-term (three months ahead) inflation expectations also have declined, though one-year ahead expectations have risen. Input and output price PMIs for the manufacturing sector for December also remain contained," Barclays said.

By Dominique Vidalon

consumption will be done by 90% of the population at the lower end by the end of the next decade, State Bank of India researchers said in a new report released Friday, pointing to the country bridging the inequality gap in the coming years and dismissing K-shaped recovery as a flawed narrative. The researchers stated that an “additional Rs 8.2 trillion of consumption had moved to the lower end of the pyramid post-pandemic following the saving of expenditure through free food, shelter and medical being provided by the government.” The figure is expected to double to Rs 16 trillion by 2040. Using I-T returns data, SBI economists stated that income inequality has decreased over the last few years and that the K-shaped recovery narrative was false. Inequality, as measured by Gini coefficient, has declined during FY14 and FY22, SBI pointed out, noting that 36.3% of people belonging to the lowest income group in FY14 have since moved up the income value chain. “Our study shows that an individual’s weighted mean income has risen from Rs3.1 lakh to Rs11.6 lakh during FY14-21.