Olive oil is among the essential household staples that have increased in price thanks to climate change’s impact on weather unpredictability,joining the ranks of cocoa and coffee.
The burger chain admits that 198 employees received an email attachment containing the personal data of possibly thousands of staff.
The Senate inquiry into supermarket prices was supposed to have wrapped up this week,but it is now gearing up to potentially put the likes of Nestlé and Coca-Cola through their paces.
The supermarket giant’s outgoing CEO refused to answer repeated questions about the company’s return on equity,which infuriated Greens senator Nick McKim.
Senators driving the inquiry into supermarket prices have slammed the hardware giant for its treatment of plant and flower suppliers and the absence of managing director Michael Schneider.
The Australian sharemarket dropped on Monday following rising tensions in the Middle East and a mixed start to the US profit reporting season which dragged down Wall Street over the weekend.
Australian retailers have turned their sights on global suppliers such as Nestle,Mars,Coca-Cola and Mars,which they say are driving up prices.
The boss of Metcash Food calls for even stronger merger laws,while Aldi Australia’s boss explains why it has no stores in Tasmania.
The proposed reforms will make it harder for deals to go ahead in markets dominated by a handful of corporate giants,but could also be costly for smaller companies,experts say.
Woolworths and Greenlife Industry Australia have formed an unlikely alliance against the hardware giant,whose managing director says the industry code of conduct is for grocery retailers.
US markets were flat overnight ahead of a week in which the focus will be on inflation figures and the prospect of fewer interest rate cuts by the Fed.