News

Easter eggs are more expensive this festive season

Published

1 year ago

March 28, 2023

ticker NEWS

Easter eggs come at a higher cost this year following a surge in the cost of sugar right around the world

A surge in the cost of sugar right around the world is being blamed for a rise in the price of chocolate eggs and hot cross buns as the Easter weekend approaches.

Figures from global food markets show the main ingredients of the festive treats – butter, eggs, cocoa and sugar – have surged, with sugar at a six-year high.

The British Retail Consortium says consumers will be left with a “sour taste” if they expect chocolate Easter bunnies to be available at discount prices.

Annual food inflation overall hit a record 15 per cent in March.

Thankfully, the sugar price spike is likely to be temporary.

It follows a bumper harvest on Brazilian sugar plantations in recent months.

Helen Dickinson is the chief executive of the BRC and says shop prices are likely to continue rising for a few months before they peak.

“As Easter approaches, the rising cost of sugar coupled with high manufacturing costs left some customers with a sour taste, as price rises for chocolate, sweets and fizzy drinks increased in March.”

“Fruit and vegetable prices also rose as poor harvests in Europe and north Africa worsened availability, and imports became more expensive due to the weakening pound.” #trending #featured

Money

Why “stagflation” will be the greatest financial threat of 2024

Published

10 hours ago

May 6, 2024

Nathan Langridge

With inflation soaring and economic growth tapering off, concerns about stagflation are on the rise

Stagflation, a situation characterised by high inflation coupled with stagnant economic growth, presents a unique challenge that many are ill-prepared to face.

Mark Wyld from MW Wealth joins to unpack what defines “stagflation”. #featured

News

Will Tesla’s supercharger layoffs eventually payoff?

Published

10 hours ago

May 6, 2024

Nathan Langridge

Tesla CEO Elon Musk dissolves supercharging team, leaving customers stranded.

Elon Musk’s decision to disband Tesla’s electric vehicle charging team has left customers concerned about the future of the company’s charging infrastructure.

The move comes as a surprise to many, considering Tesla’s commitment to expanding its charging network to support its growing fleet of EVs #featured

News

TikTok’s fate in the United States

Published

3 days ago

May 4, 2024

ticker NEWS

TikTok’s fate in the United States has never been more in doubt.

Congress approved a bill, which President Joe Biden signed into law that gives its Chinese parent company two options: sell it to an approved buyer or see it banned.

But now, the owners of the popular social media app says they’re preparing to challenge the statute in court.

Andy Keiser a Senior Fellow at the National Security Institute, and a Former Senior Advisor for the House Intelligence Committee joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #business #socialmedia #TikTok #TikTokban #nationalsecurity