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Consumer Groups

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Italy's Pasta Prices Skyrocket, Government Holds Crisis Talks with Producers.

Originally Published 2 years ago — by Fox Business

Featured image for Italy's Pasta Prices Skyrocket, Government Holds Crisis Talks with Producers.
Source: Fox Business

The Italian government has formed a crisis commission to address the soaring prices of pasta, which have risen 17.5% over the past year, twice the rate of inflation. Consumer groups have filed a complaint alleging speculation, while pasta producers attribute the rising prices to factors such as rising energy costs, supply chain disruptions, and inflation. Activists argue that the price of pasta should be commensurate with the price of wheat, which has decreased 30%. The crisis discussions promise a significant drop in the cost of pasta shortly.

Controversial Rogers-Shaw telecoms takeover approved in Canada with conditions.

Originally Published 2 years ago — by The Guardian

Featured image for Controversial Rogers-Shaw telecoms takeover approved in Canada with conditions.
Source: The Guardian

Canada has approved a $20bn takeover of Shaw by Rogers, creating a media and sports behemoth in an already concentrated media landscape. The deal has been slammed by anti-monopoly consumer groups as "a dark day" for competition in Canada. Canadians already pay some of the highest mobile rates in the world, and consumer groups fear the deal will lead to higher prices. The industry minister, François-Philippe Champagne, has secured "unprecedented and legally binding commitments" from the companies, promising stiff penalties if they break their word.