ASA orders Morrisons to clarify price comparisons under loyalty card scheme
Advertising watchdog says supermarket must clearly tell customers where they can get details on how points are awarded for specific shop Morrisons has been ordered by the advertising watchdog to clarify the way it compares prices with other supermarkets under its Match & More loyalty scheme following a complaint from rival Aldi. After a 10-month […]
China 2015: beware the links with 1929
Events of the past few days echo those that led to the Wall Street crash, so optimism about long-term impact on the west of China’s crisis is premature On day one the stock market fell by 13%. On day two it fell by a further 12%. On day three hopes were high the storm had […]
US stock market gains wiped out to close second volatile day on Wall Street
Dow Jones ends day with big losses after initially appearing to bounce back from ‘Black Monday’ of global sell-offs, sparked by China economy fears US stock markets continued to seesaw on Tuesday following a day of global sell-offs sparked by fears that China’s economic boom is slowing. The Dow Jones industrial average initially appeared to […]
Just Mayo is just not mayo: FDA says eggless mayonnaise must change name
Hampton Creek Foods’ vegan sandwich spread, which is made without eggs and packaged with ‘misleading’ labels, violates condiment’s ‘standard of identity’ As a name, Just Mayo just won’t do. Hampton Creek Foods Inc, a California healthy food startup, can no longer refer to its vegan sandwich spread Just Mayo as mayonnaise because it doesn’t contain […]
Hedge funds set to bank millions by short selling during London share slump
Markit data shows that the value of the short positions hedge funds have taken, effecting betting that FTSE 100 share would fall, is £17.8bn Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds […]
Asia's richest man Wang Jianlin heads list of big losers in China crash
Tycoon lost $3.6bn on ‘Black Monday’, according to Bloomberg, as 24 billionaires saw their fortunes fall by more than $1bn in one day Asia’s richest person was the largest loser in Monday’s stock market crash in China, after stocks in the region fell dramatically. Chinese tycoon Wang Jianlin, whose UK interests include luxury boat firm […]
Six ways China has tried to remedy economic slowdown and shares slide
Governments can pull many levers to influence the behaviour of households, businesses and investors – Beijing has opted for half a dozen China has tried to reboot its economy for the last year after it became obvious that a slowdown in early 2014 was turning into a steady decline in growth. Governments can pull many […]
Starbucks and palm oil, wake up and smell the coffee
Consumer action is vital if we’re going to tackle deforestation and social exploitation in the palm oil supply chain Two years after Starbucks stated publicly that it was committed to using 100% RSPO (Roundtable on Sustainable Palm Oil) certified sustainable palm oil in products such as its raspberry chocolate chip scone and Mallorca sweet bread […]
US stock markets surge at opening bell as global market panic appears to ease
Dow Jones rises more than 300 points in first two minutes after opening bell following three days of falls on stock markets that erased close to $3tn globally The global stock market panic appeared to be easing Tuesday as US markets opened up following a dramatic sell-off by investors around the world dubbed “Black Monday”. […]
How the lowly mosquito came to dominate the planet – and us
Mosquito-borne illnesses have turned the tide of major battles, prevented settlement in many regions and even contributed to the fall of Rome Boasting more than 3,500 species inhabiting every continent except Antarctica, it’s no secret the mosquito is an annoying insect. Though the majority of mosquito species are harmless to humans, feeding on flower nectar […]