Economics & Economy

The UK's cheese industry is wary of Brexit

16 hours ago

Of all the dire warnings of what might befall Britain after leaving the European Union, this is one of the oddest — a cheese crisis. The country spends more than $3.5 billion a year on this coagulated comestible and now faces rising prices and even shortages, thanks to last year’s Brexit referendum, which approved Britain leaving the European Union.

Dominic Coyte knows this to his cost. Coyte runs the Borough Cheese Co. in London, which imports and retails a range of French and other continental European cheeses. He describes Brexit as “a disaster.”

(U.S. Edition) U.S. authorities are reportedly looking at connections some U.S. individuals may have to South Africa's Gupta family, which is currently embroiled in a series of scandals. We'll look at the family's background and their political influence. Afterwards, we'll discuss a new report that says the aging experience will be different for younger generations. One of these changes: growing inequality. Afterwards, we'll look back at a major event in our financial history, which happened 30 years ago today. On Black Monday, the stock market experienced the largest single-day ever. 

(Global Edition) From the BBC World Service ... China's economic growth data came in better than expected today, just as the ruling Communist Party's once-every-five-years conference gets underway. But can the numbers be trusted? Afterwards — it's the 30th anniversary of Black Monday, the single-biggest daily decline in U.S. stock markets. The panic then rippled across the world, leading to double digit declines in places from Australia to Spain to Hong Kong. With global markets hitting fresh highs, have we learned any lessons from the intervening three decades?

Amazon has inked deals with several of the nation’s largest apartment building owners to install Amazon locker systems at residential properties, where packages can be delivered and stored for pickup.

Those contracts could give Amazon a more convenient way to deliver packages to customers in more than 850,000 apartment units across the U.S., the Wall Street Journal reports

Thirty years ago this week, the Dow Jones suffered its biggest one day percentage loss ever — almost 23 percent of its value in just six and a half hours.

On Black Monday, Kenneth Polcari, now a managing director at O’Neil Securities, was a rookie trader on the New York Stock Exchange. The market “just went down, and down. It just never came up for air,” said Polcari, “Johnson & Johnson lost nearly 50 percent of its value in six and half hours.”

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