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OECDGFD - Global Forum on Development
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P M Khan Reshuffles his Cabinet—Again
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Argentina to Probe Danone, P&G, Others Amid Price Clampdown
Bloomberg 2/17/2021 Patrick Gillespie and Ignacio Olivera Doll © Bloomberg A shopper wearing a protective mask, left, pays for groceries at a market in Buenos Aires, Argentina, on Friday, March 27, 2020. Argentina shuttered social life and imposed a strict stay-at-home policy a week ago, even at the risk of disproportionately affecting the livelihoods of President Alberto Fernandez s mostly middle-to-lower class voter base.
(Bloomberg) Argentina’s government is investigating several food companies for allegedly withholding production or deliveries, possibly increasing oversight of an industry that already faces widespread price controls.
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The Production Ministry plans to investigate Danone SA, Unilever PLC and Procter & Gamble Co, among other firms, for not “increasing production to its highest level of installed capacity” and ensuring proper delivery, according to a st
SC holds PSM management responsible for its downfall
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“We have lost 150,000 jobs and our exports declined 25 percent to 30 percent last year to $300 million,” Raul Ortiz, who heads the National Industries Association (SNI)’s textiles unit, said. “Our fine wool and fabric sales to the U.S. and Europe have collapsed.”
Peru, known for its alpaca and vicuna fabrics to make high-end cashmere and wool sweaters, as well as pima cotton for fine polos, also recently lost orders with large customers from pandemic-stricken Italy, which buys the South American nation’s fabrics to make luxury apparel, putting many manufacturers on tenterhooks and forcing them to fire thousands of workers.