Mainstream News

Industry sues over NYC crackdown on sugary drinks

"Soda makers, restaurateurs and other businesses sued Friday to try to block the city's unprecedented move to restrict sales of super-sized, sugary drinks, an effort the city called a coup for public health but the businesses view as wrong-minded meddling. A spokesman for Mayor Michael Bloomberg, the regulation's chief champion, called the lawsuit a groundless effort to stop a groundbreaking policy, noting that the city also won fights over outlawing smoking in bars and offices and forcing fast-food restaurants to list calorie counts on their menus." Continue reading →

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Lunch lady slammed for food that is ‘too good’

"A talented head cook at a school in central Sweden has been told to stop baking fresh bread and to cut back on her wide-ranging veggie buffets because it was unfair that students at other schools didn't have access to the unusually tasty offerings. 'A menu has been developed... It is about making a collective effort on quality, to improve school meals overall and to try and ensure everyone does the same,' Katarina Lindberg, head of the unit responsible for the school diet scheme, told the local Falukuriren newspaper. The school's vegetable buffet will be halved in size and Eriksson's handmade loafs will be replaced with store-bought bread." Continue reading →

Continue ReadingLunch lady slammed for food that is ‘too good’

Europe Puts Squeeze on Iran Regime

"The European Union reached a preliminary deal Friday on a broad package of new sanctions on Iran in a fresh push to force Tehran to the negotiating table over its nuclear activities, EU diplomats said. They are set to be signed off Monday when foreign ministers meet in Luxembourg. The new round of sanctions is among the toughest yet adopted against Iran and comes as diplomatic efforts to negotiate a solution to Iran's nuclear program have stalled. The stepped-up European sanctions pressure comes as the U.S. Congress looks to further tighten the economic pressure on Iran." Continue reading →

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European Union wins Nobel Peace Prize

"While welcomed by European leaders, the award will have little practical effect on the debt crisis afflicting the single currency zone, which has brought economic instability and social unrest to several states, with rioting in Athens and Madrid. On the streets of the Greek capital, where demonstrators have burned Nazi flags to protest against German demands for austerity, the award was greeted with disbelief. The prize, worth $1.2 million, will be presented in Oslo on December 10. It was not immediately clear who from the EU would be there to collect the check and what it would be spent on." Continue reading →

Continue ReadingEuropean Union wins Nobel Peace Prize

Switzerland: the world’s gold hub

"Most of the gold produced in the world transits physically through Switzerland. Four of the world’s major refineries of gold are located on Swiss soil. In 2011, over 2,600 metric tons of raw gold were imported into the country, to a total value of SFr96 billion ($103 billion). This was a record, the quantity having more than doubled over the last ten years, not including the gold that transits through Swiss free ports. What keeps the Swiss refineries going at full pace right now is not so much the demand for semi-finished products for jewellery and watchmaking, but the demand for gold bars." Continue reading →

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Greece’s biggest company Coca-Cola Hellenic moves abroad

"Greece's largest company is to move its headquarters to Switzerland and list its shares in London, in a further blow to the struggling eurozone country. Shareholders, most of whom are abroad, will exchange their stock for shares in Coca Cola HBC AG, based in Switzerland. Most investors have already accepted the plan after long complaining about Greek taxes, according to Reuters. The company, in which The Coca-Cola Co of the US has a 23pc stake, bottles drinks in 28 countries from Russia to Nigeria." Continue reading →

Continue ReadingGreece’s biggest company Coca-Cola Hellenic moves abroad