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Egypt's Bakeries Division reveals expected increase in Fino bread prices
Egypt's Bakeries Division reveals expected increase in Fino bread prices

Egypt Independent

time13-04-2025

  • Business
  • Egypt Independent

Egypt's Bakeries Division reveals expected increase in Fino bread prices

The head of the Bakeries Division, Abdullah Ghorab, said that a meeting will be held on Sunday at the Chamber of Commerce to coordinate with the Ministry of Supply and Internal Trade regarding the price of tourist (non-subsidized) and Fino bread, following the recent increase in fuel prices. During a phone interview with Ahmed Moussa's TV show 'Ala Massoulity' (On My Responsibility) on Saturday evening, Ghorab said that there will be an increase in the price of tourist and Fino bread. He pointed out that baking a sack of flour consumes 16 liters of diesel. Ghorab explained that the price of tourist and Fino bread is expected to increase by no more than 25 percent, noting that the weight of the loaf will remain unchanged. He pointed out that the increase in diesel prices significantly impacts bread production.

Tariffs impact main streets across the tri-state, as well as Wall Street
Tariffs impact main streets across the tri-state, as well as Wall Street

Yahoo

time04-04-2025

  • Business
  • Yahoo

Tariffs impact main streets across the tri-state, as well as Wall Street

HARLEM, Manhattan (PIX11) — President Donald Trump's executive order imposing tariffs ranging from 10 percent to more than 50 percent on goods from overseas is set to have a direct effect on people's bottom lines here at home. That's the conclusion that a wide variety of economists and business analysts have made. Many local residents who spoke with PIX11 News are drawing the same conclusion and say that the impact is personal and negative. More Local News 'It's gonna be a mess,' said José Gonzalez, who'd just gone shopping at the Harlem Whole Foods, 'and everything is gonna go up, and the people are getting hurt.' Gloria Carmona, another local shopper, agreed. 'Food [prices are] going up,' she observed, 'and the money that we work for doesn't.' Their comments were a reminder that while the tariff announcement had a significant impact on Wall Street on Thursday — the S&P 500 dropped nearly five percent — that can translate into tough economic times on Main Street. In their case, they were shopping on the main street of Harlem, 125th Street. It's the home of big grocery store chains, including Whole Foods and Trader Joe's, as well as local clothing boutiques, beauty supply, and mobile phone stores, and pretty much everything in between. All of the commerce on 125th Street will be affected by the tariffs, according to most economists and business analysts. Their number includes Paul Johnson, a professor at Fordham University's Gabelli School of Business. More: Latest News from Around the Tri-State The tariffs are set to be imposed at the end of this week on '180 countries,' Johnson pointed out, adding, 'there's only 192 countries on the planet. So this is everybody.' Nearly every nation across the globe — with a few notable exceptions, including Russia and North Korea — will have tariffs slapped onto goods they export to the U.S. Anticipating that change are places like Fino, a clothing and shoe boutique on 125th Street. As its staff and its clothing labels point out, a lot of their ready-made clothing is from overseas. That means one thing, according to Mohammed Mokrani, a sales associate. 'The prices, they're going to be more higher,' he said in an interview. 'That's why we're making good deals right now.' Wilfredo Perez, a local resident, said that he was taking advantage of Fino's sales while he could. He was buying a charcoal gray vest that was on sale. He also said, though, that he's anticipating being affected by tariffs beyond just clothing. Business analysts agree. They said that people should expect tariffs to cause higher prices on groceries, electronics, automobiles, clothing and shoes, furniture, wine, and spirits. 'Those are things we consume daily,' Perez said, while trying on the vest he'd wanted to buy. 'It's coming out of our pockets, and I don't think it's fair.' Steve Wall had just bought a bottle of cologne from Spain when he was walking down 125th Street. He said that tariffs increase the cost of living, and that's detrimental. 'As long as prices stay the same, people's lives stay the same,' he said. 'I think people stay happier that way.' Prof. Johnson, the Fordham Business School economic analyst, said that more information related to the tariffs is needed. 'There's got to be more clarity on why we're doing this,' he said. 'There's got to be a strategy on when we would lift tariffs and certain things. None of that has been articulated well.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Kavalan Launches Distiller's Reserve No.1 and 2 In Collaboration With South Korea's Jeju Island
Kavalan Launches Distiller's Reserve No.1 and 2 In Collaboration With South Korea's Jeju Island

Yahoo

time27-01-2025

  • Business
  • Yahoo

Kavalan Launches Distiller's Reserve No.1 and 2 In Collaboration With South Korea's Jeju Island

Exclusive expressions blend ex-Bourbon casks across Fino sherry, rum, Manzanilla and brandy casks TAIPEI, Jan. 27, 2025 /PRNewswire/ -- Kavalan Distillery is proud to unveil The Distiller's Reserve Series, an exclusive creation crafted for Jeju Island in collaboration with the Jeju Tourism Organization (Korea). This new series celebrates the harmony between Jeju's pristine waters, lush landscapes, and Kavalan's iconic Snow Mountain range. Featuring a masterful core of ex-Bourbon casks, the series introduces two exceptional expressions that showcase Kavalan's artistry. Distiller's Reserve No. 1 marries ex-Bourbon casks with rare Spanish Fino sherry and rum casks, creating a luxurious profile with indulgent notes of strawberry shortcake, citrus, macadamia, and chocolate—a decadent journey for the senses. In contrast, Distiller's Reserve No. 2 combines ex-Bourbon casks with rare Spanish Manzanilla sherry and brandy casks, unveiling tropical hints of vanilla ice cream, sea salt, and pineapple for a vibrant and refreshing flavour experience. The series is exclusively available at Jeju duty-free and features packaging inspired by Yilan's iconic Snow Mountain range, Kavalan's pure water source. The green and blue design reflects Jeju Island's untouched environment and its connection to nature's purity. Distiller's Reserve No. 1 – 40% ABV, 1000 ml. No. 1 in the series marries the influence of ex-Bourbon casks with the unique characteristics of Spanish Fino sherry and rum casks, presenting light, floral, and fruity aromas, along with subtle notes of creamy pastries and a touch of honeyed sweetness on the finish. This single malt whisky is vibrant, smooth, and effortlessly enjoyable. Tasting Note Colour: Gleaming light gold Nose: Light mint envelops the nose, giving way to the soft sweetness of vanilla ice cream. This flavour mingles with citrus, pineapple, and red apple notes, creating a harmonious blend. The finish unveils woody spices, adding a deep layer of complexity. Palate: The freshness of chamomile and green apple blends with the salty-sweet notes of sea salt chocolate. The finish is rounded out with warm, sweet aromas of almond, nuts, and honeyed cinnamon, offering rich layers and a lingering aftertaste. Distiller's Reserve No. 2 – 40% ABV, 1000 ml. No. 2 in the series blends the distinctiveness of ex-Bourbon casks with the unique profiles of Spanish Manzanilla sherry and brandy casks. It opens with crisp vanilla cream and the sweetness of fresh fruits, followed by nutty and woody spice notes that enrich the flavour. The result is a smooth and intricately layered single malt whisky. Tasting Note Colour: Bright gold amber Nose: Fresh gardenia, peach, and honeyed lemon deliver a refreshing sweetness. Hints of strawberry shortcake, vanilla cream, and a touch of caramel swirl emerge in a delightful finish. Palate: Sweet apple, citrus, and rum-soaked lemon are accompanied by nutty aromas of macadamia and chocolate. The palate reveals a burst of honeyed sweetness, with a touch of caramel on the finish. View original content to download multimedia: SOURCE Kavalan Sign in to access your portfolio

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