Stay updated with breaking news from Formula prices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
expectations that interest rates would not need to rise any further. a leading food and drink company is cutting the price on most of its baby formula milk products in the uk. the manufacturing giant danone is reducing prices on the majority of its aptamil range to uk retailers by 7%, the bbc understands. last month, the competition and markets authority said formula prices had risen by a quarter over the past two yea rs. stay with us. still to come: asleep on thejob. we look at how some workplaces injapan are trying novel ways to boost productivity amongst overworked staff. around the world and across the uk. this is bbc news. voice-over: bbc news bringing you different stories _ from across the uk.
sweet dreams in japan. in other news.... the food giant danone is cutting the price of most of its baby formula products in the uk after the competition regulator investigated why prices have been rising so dramatically. the company behind the aptamil range will reduce its prices by 7%. last month, the competition and markets authority said formula prices had risen by a quarter over the past two years. it said it was concerned that parents were more nervous about switching brands of baby formula compared with other products. the social media giant meta says it will hide more content from teens on instagram and facebook. in a blog post, the company said all teens will now be placed into the most restrictive content control settings on the apps. meta is under pressure, both in the us and europe, over allegations its apps are addictive and have helped fuel a youth mental health crisis. the rate of inflation in australia has fallen to a near two—year low in the month of november. data from the australian bureau of statistics showed its monthly consumer price index rose at an annual pace of 4.3%
will reduce its prices by 7%. last month, the competition and markets authority said formula prices had risen by a quarter over the past two years. it said it was concerned that parents were more nervous about switching brands on baby formula compared with other products. the vice—president of the european central bank has warned that the bloc of countries that use the euro currency might already be in a recession. luis de guindos was speaking at an event in madrid and said that prospects for the eurozone are weak but he welcomed the turnaround in inflation, which wasjust below 3% in december. volkswagen and toyota suffered a 1.3% drop in their market share in china last year in another sign that legacy international car—makers are suffering from the surging performance of chinese rivals. the world's two biggest car brands have been losing out to chinese brands that have benefited from government subsidies and expanding their ranges at home and internationally. last week the chinese car—maker byd overtook tesla as the world's biggest seller of electric cars.