cashstrapped

Big companies manage to pass on soaring costs to cash-strapped consumers

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Some of Europe’s biggest companies report sales increases for the first quarter of 2022, with Nestle, Danone, and Akzo Nobel saying they were able to accomplish the gains while raising their prices ZURICH, Switzerland – Makers of chocolate bars and coffee to lawn mowers and industrial robots succeeded in passing on soaring costs to consumers, … Read more

A cash-strapped Venezuela leans on scrap exports to raise hard currency

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On the outskirts of the eastern Venezuelan port town of Guanta, hundreds of trucks line up everyday to unload tons of scrap metal, part of the government’s attempt to turn waste into a source of foreign currency. The gathering and sale of scrap has been booming due to the financial needs of President Nicolas Maduro’s … Read more