Japan’s Prime Minister Shinzo Abe evokes the late Margaret Thatcher as he repeats “there is no alternative” to his platform of economic change. One of the byproducts: prospects for a Thatcherite division of wealth.
Japan’s inflation accelerated to the fastest pace since 2008 in August on higher energy costs, underscoring pressure on Prime Minister Shinzo Abe to drive wage increases as he seeks to end 15 years of deflation.
China Modern Dairy Holdings Ltd., the nation’s largest raw-milk producer, and a company part-owned by KKR & Co. agreed to build two dairy farms together amid government moves to strengthen food safety.
Mildewed feed given to cows caused excessive levels of a potentially cancer-causing agent in milk products from China Mengniu Dairy Co. and Fujian Changfu Dairy Industry Group Co., according to the nation’s quality regulator.
Fonterra Cooperative Group Ltd., the world’s biggest dairy exporter, suspended operations in Sri Lanka after protests outside its local office sparked by allegations some milk powder products were tainted.
Fonterra Cooperative Group Ltd. said the executive responsible for New Zealand milk products quit after a contamination scare that saw the world’s biggest dairy exporter facing product bans in China and other key markets.
Hamburg is emerging as the biggest European beneficiary of Russia’s entry into the World Trade Organization, which is spurring feeder services from Germany’s largest port and cementing its status as a container transfer hub between Asia and the Baltic Sea.
World food prices fell for a fourth month in August to the lowest level in more than a year after grain prices declined on an outlook for bigger corn and wheat crops, the UN’s Food & Agriculture Organization reported.