As consumers cut back discretionary spending, snack makers are offering them smaller snack packs at cheaper prices to keep them munching.
Category: 8 July 2025
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GAZA DEATH TOLL
Israel killed 57,338 Palestinians since the start of the genocide and injured 135,957.
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OPEC+ ACCELERATES PRODUCTION INCREASES
At its 5 July meeting, OPEC+ decided to boost oil output 548,000 barrels a day beginning 1 August.
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CANADA’S FACTORY OUTPUT CRASHES
Canada’s manufacturers produced less in June for the fifth consecutive month, according to S&P’s purchasing managers index (PMI) for the country’s industrial sector.
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BRICS BLOC SETS UP LOAN GUARANTEE MECHANISM TO REASSURE LENDERS
The 11-nation BRICS trading bloc is establishing a loan guarantee fund through the New Development Bank (NDB), which the group founded in 2015 to foster growth among emerging economies.
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EUROPE’S NERVOUS EMPLOYERS SHED WORKERS IN MAY
Europe’s unemployment rate edged up to 6.3 percent in May from 6.2 percent in April as business fretted over the impacts of Donald Trump’s stiff new tariffs, The Wall Street Journal reported.
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EUROPE’S JUNK BOND MARKET SURGES AS INVESTORS FLEE U.S.
Last month, sales of European junk bonds set a record monthly value of €23 billion, matched by a record number of issues at 44, JPMorgan data shows, as investors pulled out of the ailing U.S. bond market and looked for other places to put their cash.
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SPECIAL REPORT: TRUMP SIGNS BIG BEAUTIFUL BILL INTO LAW
In a made-for-television event, Donald Trump signed his “big, beautiful bill” into law on a White House terrace as military planes flew above and beaming Republican legislators surrounded Trump and applauded.
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DEL MONTE FOODS U.S. OPERATION GOES BELLY UP
The U.S. branch of Del Monte Foods, the processed foods division of Del Monte Pacific, has filed for Chapter 11 bankruptcy after it was unable to survive consumers’ prolonged post-2023 slowdown in grocery purchases.
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U.S. COMPANIES SCALE BACK HIRING PLANS
June’s jobs report showing a respectable 147,000 jobs added for the month included a sobering fact: a large swath of private-sector employers are not hiring.