Donald Trump’s renewed trade war with Canada, Mexico and China has stolen the headlines this morning. The White House announcement on Monday that tariffs on imports from all three countries would come into effect sent the markets spiralling, Sky News reports, prompting a major stock sell off.
The BBC also reports Canada and China have announced retaliatory action - Canada has vowed 25% tariffs on about $107bn worth of US imports, while China has announced 10%-15% tariffs on US agriculture imports.
Meanwhile, both the Financial Times and The Telegraph report on how UK food inflation has hit a five-month high, according to industry data. The cost of breakfast staples including bread, butter, eggs and cheese have all increased.
A third of children aged five to nine could be overweight by 2050 in a “monumental societal failure”, a new study covered by The Times has found.
The estimates, published in The Lancet medical journal, are the most comprehensive global analysis of obesity rates to date.
The Guardian has a feature on the rise of “brazen shoplifting”, with supermarket workers telling of the thousands that thieves cost their stores while also admitting to a lack of support from head offices.
Read also the Grocer’s coverage about the rise of middle-class shoplifting and what the police are doing about the growing retail crime epidemic.
Non-alcoholic lagers have been added to supermarket meal deals, a Telegraph story reveals. But the paper asks - is it okay to drink them at your desk?
Sky News has covered a government announcement that around 1.3 million people on low wages are to secure guaranteed sick pay for the first time in a bid to boost health and living standards.
A story in The Sun features a Gail’s whistleblower, who accuses the upmarket bakery - which claims to be almost zero waste - of hypocrisy for ”binning sandwiches every few hours”.
In more US news, the chair and CEO of Kroger, the US’s largest grocery chain, has resigned amid a personal conduct inquiry, The Guardian reports. His departure comes just weeks after Kroger failed to merge with Albertsons in a deal that would have marked the largest supermarket merger in US history.
Finally, the Financial Times’ annual ’FT 1000: Europe’s Fastest Growing Companies’ report is now out, showcasing 1,000 examples of “outstanding” business performance.
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