Food Financial News

U.S. health officials say a deadly outbreak of listeria food poisoning tied to a massive recall of popular Boar's Head deli meats is over

Canadian Prime Minister Justin Trudeau plans to temporarily lift the federal sales tax off a slew of items and send checks to millions of Canadians who are dealing with rising costs as a federal election looms

Rice borders on the sacred in Sierra Leone, which has one of the world's highest consumption rates

Best refrigerators under ₹20000: Top 10 affordable options with efficiency and new-age features for every householdThe Godrej 436L 2-Star AI Tech Frost-Free Double Door Refrigerator is designed for larger families, holding plenty of food while using cutting-edge technology. With its Nano Shield Technology, it disinfects more than 95% of food surfaces, so you can trust that your food is fresh and safe.

Swiss chocolate company Lindt & Sprüngli has found itself at the centre of a legal controversy in the United States. In 2023, a class action lawsuit was filed against the company, accusing it of misleading consumers about the quality of its products. The case stems from allegations that Lindt’s premium dark chocolate contains significant amounts of lead and cadmium, two heavy metals known to have harmful effects on health. The legal dispute began after a 2022 Consumer Reports study, which highlighted the presence of alarmingly high levels of lead and cadmium in Lindt’s Excellence Dark Chocolate 85% Cocoa and Excellence Dark Chocolate 70% Cocoa. The study, which examined several brands of dark chocolate, raised concerns about the long-term health effects of consuming chocolate with high metal levels. Lindt, however, was the focus of much of the backlash. In its defence, Lindt claimed that «lead and cadmium are unavoidable in the food supply» and insisted that the trace amounts in its products were well within regulatory limits. The company further argued that marketing terms like “expertly crafted” and “finest ingredients” were simply promotional language, or “puffery,” which should not be taken as literal guarantees. This legal strategy was intended to have the case dismissed, but it only sparked further criticism.

Subscribe to enjoy similar stories. With the incoming Trump administration’s new Department of Government Efficiency under Elon Musk and Vivek Ramaswamy in the US, the issue of government efficacy is in focus. India has been steadily leading its own quiet revolution through rigorous process reforms, systematically streamlining governance and dismantling bureaucratic red tape.

Trinidad and Tobago, on Thursday signed a Memorandum of Understanding (MoU) in the presence of Indian Prime Minister Narendra Modi and Trinidad and Tobago Prime Minister Keith Rowley. This event took place during the 2nd India-CARICOM Summit, which marked the final stage of PM Modi's three-nation tour. Meanwhile, PM Modi also held talks with PM Rowley on the sidelines of the summit. In a post on X, PM Modi mentioned that the two leaders discussed how to diversify trade relations between India and Trinidad and Tobago.

Subscribe to enjoy similar stories. Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting.

Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year.

Two proposed class-action lawsuits in the United States name two Canadian food companies as alleged members of a “potato cartel” that’s accused of a years-long campaign of fixing prices on frozen products.

In today’s article, we will be discussing about best refrigerators by Panasonic. Known to be one of the topmost appliance brands in Japan, Panasonic has established its place in Indian homes as well. Their refrigerators are smart, energy efficient and offer plenty of storage space for food items. Let’s take a look at look at the list of 10 best Panasonic refrigerators in the article below.

If you have an avid cook or food lover in your life, your holiday gifting opportunities are vast and deep

Campbell’s is ditching the soup — at least in name

Zomato CEO Deepinder Goyal is looking for a chief of staff for himself. He shared a job posting for the role on his X account and wrote, "“Update: I am looking for a chief of staff for myself."

A Spanish court has upheld a ruling that a supermarket worker was unlawfully fired for having eaten a croquette that was going to be thrown away after not having been sold from the store’s deli section

Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results

Subscribe to enjoy similar stories. The Akshaya Patra Foundation plans to take its acclaimed midday meal scheme to Indonesia and Kenya, said two people aware of the development, as India seeks to use its soft power to deepen ties and trade. Indonesia, Southeast Asia’s largest economy, is launching a free meal programme for schoolchildren.

Public Distribution System (PDS), setting new benchmarks for food security programs globally, the Union Food Ministry said on Wednesday. The overhaul of the system, which serves 80.6 crore beneficiaries, has led to the removal of 5.8 crore fake ration cards through Aadhaar-based authentication and electronic Know Your Customer (eKYC) verification, it said in a statement. «These efforts have resulted in substantial reductions in leakages and enhanced targeting,» the ministry added.

Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decided in its meeting held last month to keep the policy rate unchanged for the tenth consecutive time. In April last year, the MPC stopped its rate-hike cycle by retaining the key lending rate at 6.5 per cent. The RBI had hiked rates six times in a row before it decided to pause in April last year. The impact of those rate hikes was not believed to have percolated to the ground by then. As inflation seemed to be coming under control in recent months, expectations about a rate cut grew. Though the RBI changed the stance to 'neutral' from the earlier 'withdrawal of accommodation' unanimously, it retained the key rate at 6.5%. in its last meeting in October due to high inflation. The inflation further touched a 14-month high at 6.2% for October, led by a spike in vegetable prices. It is above the RBI's mandate of 4% with a tolerance band of 2 percentage points on either side. Now, many expect the RBI to cut rates in February next year, instead of earlier expectations of a rate cut in December.

Subscribe to enjoy similar stories. Recently, there have been news reports in India hinting at the possibility of a new Pay Commission. The basis of these stories is a memorandum submitted by the staff side of the National Council of the Joint Consultative Machinery to the new cabinet secretary and finance secretary, requesting the prompt establishment of the 8th Pay Commission, the rationale for this demand being that it has been 10 years since the last one.

Zomato is leading India's food delivery space with a market share of 58% in the first quarter of FY25, according to a report by Motilal Oswal. Recently-listed rival Swiggy lags with a 42% share. In the rapidly growing quick commerce space, Zomato-owned Blinkit commands a 46% market share, followed by Zepto at 29% and Swiggy Instamart at 25%, in Q1FY25. «Zomato has continued to gain market share from Swiggy from FY22 to 1QFY25, aided by its stronger execution. According to reported gross order value (GOV), Zomato’s market share grew from 54% in FY22 to 58% in 1QFY25,» the report said.