Latest news with #foodindustry
CBC
a day ago
- Business
- CBC
3 types of inflation explained in 60 seconds
What do a Big Mac and inflation have to do with each other? Watch as Maya breaks down the 3 types of inflation using the famous hamburger.
CNN
a day ago
- Business
- CNN
Haribo recalls some products in Netherlands after cannabis found in candy
Haribo is recalling bags of its fizzy cola bottles in the Netherlands after cannabis was found in some of them. Authorities began investigating when several people, including children, became unwell after eating candy from one-kilo (2.2-pound) bags of Haribo Happy Cola F!ZZ, the Netherlands Food and Consumer Product Safety Authority (NVWA) told CNN. Samples taken from the cola bottles revealed that the product was laced with cannabis, NVWA said, adding that Dutch police are now investigating how the candy became contaminated. 'How the cannabis ended up in the sweets is still unknown,' the food standards regulatory body said. CNN has contacted the Dutch police for comment. Through a statement issued by NVWA, Haribo said it was recalling bags with a best-before date of January 2026 and warned consumers not to eat the candy. It said the measure was precautionary, as only three bags were found to be contaminated as of Thursday. The recall is limited 'to a specific product and batch' in the Netherlands, with products in other countries unaffected, the German confectionary giant told CNN in a statement. The company is 'working closely with the authorities to support their investigation and establish the facts around the contamination,' it added. Incidents of candy becoming contaminated with illegal drugs are not uncommon, though they rarely involve commercial products. In 2023, more than 60 elementary school students were hospitalized in Jamaica after unknowingly eating cannabis-laced candy. The same year, two people were arrested and charged when seven Virginia elementary students ate gummy bears from a plastic bag with fentanyl residue on it. In 2019, Pennsylvania police warned parents after finding packets of THC-laced edibles made to look exactly like Nerds Rope candies.
Zawya
a day ago
- Business
- Zawya
Egypt: Foodico's profits rise 32.87% YoY in Q1 2025
Arab Finance: Ismailia National Food Industries (Foodico) saw a 32.87% year-on-year (YoY) increase in its net profits after tax during the first quarter (Q1) of 2025, according to the audited financial statement on May 29th. Foodico achieved net profits after tax of EGP 42.433 million in the three-month period ended March 31st this year, compared to EGP 31.936 million in the corresponding period a year earlier. Net sales hit EGP 122.858 million in Q1 2025, up from EGP 78.082 million in Q1 2024. Foodico is an Egypt-based company engaged in the food industry. The company is involved in the production of vegetables, fruits, and agricultural products such as juices and beverages, in addition to manufacturing, freezing, canning, and drying vegetables, fruits, and legumes, among others. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Hormel Foods Trims Guidance, Citing Tariff Impact
Hormel Foods HRL -1.22%decrease; red down pointing triangle trimmed its earnings outlook for the year, which factors in the impact of tariffs and ongoing momentum of brands such as Planters peanuts and its turkey product. The Austin, Minn.-based food company on Thursday lowered the top end of its per-share earnings guidance by a few cents for the year, and said that tariffs could dent the top line by 1 cent to 2 cents a share in the back half of the year.
CNA
2 days ago
- Business
- CNA
Elderly hawkers' bakery sales drop after Dr Chee Soon Juan's social media post initially claims stall had shut
Bakes n Bites is a 15-year-old under-the-radar hawker bakery at Old Airport Road Food Centre in Singapore. That is, until 8days recently featured the elderly couple behind it and their delicious cakes. Hawker-baker Christopher Lau, 72, was a former manufacturing engineer who pivoted to F&B after he couldn't find another corporate job after being retrenched at age 55. He is assisted by his wife Christina Tan, 69, who comes by the stall to help after her day job in an administrative role at a construction company. Their signature items are chicken pies, curry puffs, brownies and delightfully moist chilled muffins. DR CHEE SAYS BAKES N BITES SHUTTERED IN VIDEO Dr Chee Soon Juan, Secretary-General of the Singapore Democratic Party (SDP) recently posted a video on his verified Instagram and Facebook page with 137,000 followers discussing Singapore's food and beverage industry crisis. Dr Chee himself owns Orange Teal Cafe at Rochester Mall. He previously had a second outlet at Marina Square that closed down in October 2024, due to rising costs. In the video, he referenced a few eateries that had allegedly closed (like Flor Patisserie). It included Bakes n Bites, with a photo of the owners (see above screenshot of the video before it was deleted) with the word "closed" prominently displayed. However, a quick Google search would have revealed that Bakes n Bites remains very much open for biz. VIDEO HAD IMMEDIATE IMPACT ON BIZ Tan shared how their usual morning crowd of customers via WhatsApp pre-orders and walk-ins dropped. 'Usually, we get more than 15 customers in the morning and even more in the afternoon. But today, only two people came. We earned less than $10 in sales within two hours of opening. Very miserable,' she told 8days. 'I already felt business dropping a couple of days ago, but never suspected anything – until today when the drop was terrible,' Tan added. 'Dr Chee's video was posted on Sunday afternoon (May 25), and I was alerted to it only the next day by a fellow F&B owner.' According to her, sales took a big hit starting May 27 (the stall was closed on May 26). 'Before that, our daily sales averaged around S$568, ranging from S$400 to S$900 [day-to-day]. But on May 27 and 28, it plunged to S$157 and S$131 [respectively], that's more than a 70 per cent drop,' she told 8days. It appears Dr Chee's post had pretty impressive reach. View this post on Instagram A post shared by Chee Soon Juan (@cheesoonjuan) SETTING THE RECORD STRAIGHT Her husband then sent an email to Dr Chee seeking an urgent correction. Lau pointed out two key errors: Bakes n Bites is a hawker stall, not a cafe, and crucially, it remains in business. He requested that Dr Chee edit the video to remove references to his stall "to avoid any further misunderstanding amongst my customers and friends, and to prevent further harm to my business and its reputation." A representative from SDP replied on behalf of Dr Chee, with an apology and confirmation that the video has since been amended. 'Dr Chee has removed his original video and uploaded an amended version that doesn't reference Bakes n Bites in it,' the email read. Dr Chee's edited video was posted on May 27.
