HKScan, a Finnish food company that produces and sells meat and poultry products, is in talks to sell its Danish business to an undisclosed buyer. The company said that the potential divestment is part of its strategy to streamline its group structure and strengthen its balance sheet. HKScan also said...
French Court Cuts Fines for Ham Cartel Members
A dozen ham and charcuterie producers in France have seen their fines reduced by the Paris Court of Appeal for their involvement in a price-fixing cartel. The court confirmed the existence of the cartel, but revised the initial fines of €93m ($102m) imposed by the Competition Authority to €39m ($43m)....
Report Finds Canadians Overpaying Billions in Bank Fees
A new report from an economist has revealed that Canadians are paying billions of dollars more than they should in bank fees, compared to consumers in other countries. The report, which was released by North Economics, a consultancy firm based in Alberta, compared the fees charged by the Big Five...
Canada’s Mining Policy Under Fire for Blocking Chinese Investments
Canada’s mining policy has been criticized for being too restrictive and discriminatory against Chinese investments, as the country seeks to protect its critical minerals sector from foreign influence. Canada has recently tightened its rules on foreign investments in the mining industry, especially from state-owned enterprises, and has ordered three Chinese...
Unilever reduces job cuts at German Knorr factory after union protests
Unilever, the global consumer goods giant, has agreed to cut fewer jobs than initially planned at its Knorr soup factory in Auerbach, Germany, after facing strong opposition from the local union and workers. The company said it will keep 95 jobs at the site, instead of cutting more than half...