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Mondelez International Inc
EU set to fine Oreo maker Mondelez for blocking cross-border sales
...The decision comes as European consumers have been grappling with several years of high inflation, which has particularly affected food prices....
April 16, 2024
Chinese economy
Weak China inflation data fuels concern over consumer demand
...The European Union is launching multiple probes into Chinese exports that it suspects of receiving heavy state subsidies, including electric vehicles....
April 11, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Italian economy
Italy commits to cut deficit despite soaring cost of tax credits
...Giorgetti predicted that the cost of tax credits and other home improvement incentives would reach €219bn, more than 10 per cent of gross domestic product....
April 9, 2024
Financial services
Vulnerable UK consumers increasingly shut out of ‘broken’ regulated loan market
...A lack of available loans from traditional UK lenders is pushing vulnerable consumers towards unregulated credit products as they struggle financially in the cost of living crisis, according to a study....
February 27, 2024
LexCredit cards
Visa and Mastercard’s deal to cut fees is a hollow consumer victory Premium content
...Under the settlement, merchants are not required to pass on the savings from lower fees to consumers. They can also charge different prices to consumers based on which credit card they use....
March 27, 2024
US economy
Why isn’t Joe Biden getting credit for America’s sturdy jobs market?
...Even if households often put the cost of living above jobs in their hierarchy of economic concerns, why is Biden not getting much credit for it either?...
April 10, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Inside BusinessAndy Bounds
Business worries EU directive on consumer protection will leave them exposed
...But consumer organisations defend the refreshed PLD....
April 3, 2024
LexAgricultural commodities
Record cocoa prices leave a bitter aftertaste for chocolatiers Premium content
...Barry Callebaut has refinanced its debts and expanded revolving credit facilities in case further resources are needed....
April 10, 2024
News updates from February 28: US Supreme Court will hear Trump presidential immunity appeal; Bitcoin breaks through $60,000
Starbucks and union baristas agree to restart labour talks
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
February 27, 2024
News updates from February 27: McKinsey touted its advice to Chinese government, EU parliament bars Amazon lobbyists
Starbucks and union baristas agree to restart labour talks
...chain had also agreed to allow customers to tip workers with credit cards at unionised stores for the first time in a “sign of good faith.”...
February 27, 2024
FT News Briefing podcast12 min listen
Swamp Notes: The play for union power
...CREDIT: UAW Read a transcript of this episode on FT.com...
March 16, 2024
News updates from March 5: China targets 5% GDP growth in 2024, Gold and Bitcoin hit record highs
US cracks down on credit card late fees
...“For over a decade, credit card giants have been exploiting a loophole to harvest billions of dollars in junk fees from American consumers,” said Rohit Chopra, CFPB director....
March 5, 2024
FT Schools
US High School Economics class: America’s robust national economy hides its weak spots
...What trends have been observed in consumer spending and credit delinquency in the US?...
April 11, 2024
Trade SecretsAlan Beattie
The global downside of European consumers’ green principles
...European public and consumer sentiment, or at least campaigners’ influence, is now one of the most powerful forces determining swaths of EU trade policy and hence global regulation....
March 21, 2024
LexUS retail
Why US department stores have most to fear as credit card debt sours Premium content
...But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios....
April 5, 2024
FT Live
Evolving retirement strategies in an ever-changing world
What new regulatory developments mean for IFAs
Tuesday, 30 April1 Friday Street, London
Sport
Private equity investor CVC makes its mark on rugby union
...Since CVC and Silver Lake first invested in rugby union, the media market for live sport in Europe has also softened, frustrating aspirations for a dedicated rugby channel on pay-TV....
March 16, 2024
Starbucks Corp
Starbucks union group ends campaign for three board seats
...A handful of Starbucks baristas first voted for union representation in late 2021....
March 5, 2024
UK consumer credit
UK credit card complaints hit a record high
...Credit card complaints in the UK have hit an all-time high as consumers rail against what they see as excessively high credit limits and interest rates....
March 1, 2024
Unhedged
Fear of inflation returns Premium content
...On Wednesday we’ll see fresh consumer price inflation data, which could make the hot January and February reports seem like the anomalies many experts insist that they are....
April 10, 2024
News in-depthUK agriculture
‘It’s too wet’: UK food security at risk because of record rain, farmers warn
...Supermarkets keen to keep prices low for squeezed consumers could look elsewhere to ensure a steady supply of fruit and vegetables, said Ward....
April 13, 2024
FirstFT
FirstFT: Joe Biden to propose big tax rises in State of the Union address
...If the Reagan‑Thatcher revolution was about crushing union power, the pendulum seems to be shifting in favour of labour. Unions are changing too....
March 7, 2024
InterviewEU economy
EU faces decline without market reform, report warns
...The economic clout of its 440mn consumers is surpassed by the US and China, with India not far behind....
April 15, 2024
Credit cards
Visa and Mastercard agree $30bn settlement over US transaction fees
...It will also allow merchants to charge different prices to consumers based on which credit card they use....
March 26, 2024
News in-depthNigeria
Currency crisis pushes consumer groups from Nigeria
..., has eroded consumer spending power....
April 14, 2024
US banks
Banks say US consumers in good shape but poll shows Biden gets no credit
...“A very strong labour market means, all else equal, strong consumer credit,” Barnum said....
January 14, 2024

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