Growing Appetite for Home-Grown Olive Oil Drives Australian Producers’ Success
In a delightful turn of events, Australian olive oil is experiencing a resurgence in popularity driven by surging international prices. Home-grown olive oil has become more competitively priced, enabling it to capture an expanding market share. Michael Southan, CEO of the Australian Olive Association, notes that consumers increasingly value the origin of extra-virgin olive oil and are happy to pay a premium for quality. Despite a minor dip in olive oil sales, this shift toward Australian-produced varieties significantly boosts the industry. The rising preference for local olive oil emphasizes the importance of quality over quantity in consumers’ choices.
Unlocking the Truth, The Safety of Kuwait’s Tap Water
In a surprising revelation, Kuwait’s tap water emerges as a safe and clean choice for residents and visitors alike. The Ministry of Commerce and Industry’s decision to mandate tap water offerings in restaurants and cafes has shed light on the high quality of Kuwait’s water supply. Behind this assurance lies a meticulous process at the Water Resources Development Center involving daily water testing from various institutions across the country. Swift action against any contamination underscores Kuwait’s commitment to water safety. While responsibility for clean water extends up to the building meter, building owners are urged to address any internal plumbing issues, with water filters serving as a viable solution.
Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges
As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes are high on whether they will be able to successfully deliver on a government mandate to diversify away from their cash-cow: gambling.
U.S. Thanksgiving air travel set to be busiest since pandemic began
Airports and commercial airlines across the United States registered one of their busiest days since before the pandemic on Wednesday as millions of Americans traveled to visit loved ones for the Thanksgiving holiday.
Analysis: Lack of vaccination passport, testing threaten Japan’s reopening
Japan’s lack of a vaccination passport and limited testing capacity is threatening ambitions to reopen the economy at a crucial year-end period when restaurants earn up to a half of their annual revenue and travel agencies are at their busiest.
Diageo sees an increase in margins as new bars and restaurants open!
Diageo Plc (DGE.L), a leading global beverage alcohol manufacturer, announced on Thursday that it has had a “strong start” to its financial year and that it expects sustainable operating profits to rise as restaurant and bar sales in North America and Europe recover. Nonetheless, it expects short-term uncertainty to persist, citing African, Asian, and Latin […]
Chobani confidentially files for U.S. IPO, valuation may exceed $10 bln
Greek-yogurt maker Chobani could be valued at more than $10 billion in its initial public offering (IPO), a person familiar with the matter told Reuters on Wednesday, as the company confidentially filed regulatory paperwork for its stock market listing.
Cash loses its shine in pandemic but still king in Switzerland
Cash is still king in Switzerland, a Swiss National Bank study published on Wednesday found, although the wealthy country’s citizens are increasingly turning to cards and apps for payments during the pandemic.
