Coffee Prices – Zeleniy Coffee Tue, 28 Jun 2022 10:14:40 +0000 en-US hourly 1 Coffee Prices – Zeleniy Coffee 32 32 Size, Cost Structures, Growth Rate – Designer Women Tue, 28 Jun 2022 10:14:40 +0000

The Self-Service Coffee Machine market study by “” provides details about market dynamics affecting the market, market scope, market segmentation and overlays on major market players , highlighting the favorable competitive landscape by major majors Schaerer, De’Longhi, Caffia, Franke, WMF, Jura, Lavazza and the prevailing trends over the years.

The research report provides in-depth information on global market revenue, parent market trends, macroeconomic indicators and drivers, and market attractiveness by market segment. The report provides an insight into the growth rate of the Self-Service Coffee Machine market over the forecast period, i.e., 2022-2030. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market to offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, markets niche, distribution channel, trade, supply and demand and production capacity. across different countries.

The Self-Service Coffee Machine report profiles key industry players, along with a detailed analysis of their individual positions against the global landscape. The study leads WORK analysis to assess the strengths and weaknesses of key players Schaerer, De’Longhi, Caffia, Franke, WMF, Jura, Lavazza in the self-service coffee machine market. The researcher provides an in-depth analysis of the Self-Service Coffee Machines market size, share, trends, overall profits, gross revenue, and profit margin to accurately establish a forecast and provide insights. expert to investors in order to keep them informed of market trends. .

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Competitive scenario:

The Self-Service Coffee Machine study assesses factors such as segmentation, description, and applications of the Self-Service Coffee Machine industries. It draws precise information to give a holistic view of the dynamic characteristics of the business, including stocks, earnings generation, thereby directing focus to critical aspects of the business.

The final report will add the analysis of the impact of Covid-19 in this Self-Service Coffee Machines report market.

Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the world Self-service coffee machine market is included in this report. The influence of the novel coronavirus pandemic on the growth of the Self-service Coffee Machines market is analyzed and described in the report..

Some of the companies competing in the self-service coffee machine market are

Schaerer, De’Longhi, Caffia, Franke, WMF, Jura, Lavazza

Segment by Type– Machinery Sales– Rental ServiceSegment by Application– Hospitality– Office– Other


The self-service coffee machine market has been segmented on the basis of different aspects. The market is also segmented by region. The self-service coffee machine market has been segmented into Latin America, North America, Asia-Pacific, Europe, Middle East & Africa on the basis of region

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Research Methodology

The Self-Service Coffee Machine report definitely has its roots in the profound strategies provided by the skillful data analysts. The research methodology involves the collection of information by analysts only to have it thoroughly studied and filtered with the aim of providing meaningful predictions about the market during the review period. The self-service coffee machine research process further includes interviews with key market influencers, which makes the primary research relevant and practical. The secondary method gives a direct insight into the connection of demand and supply specifically in the self-service coffee machine market. The Self-Service Coffee Machine market methodologies adopted in the report offer pin-point analysis of the data and provide a tour of the overall market. Both primary and secondary data collection approaches were used. In addition to this, publicly available sources such as SEC filings, annual reports, and white papers have been utilized by data analysts for an in-depth understanding of the Coffee Machine market. The research methodology clearly reflects an intention to extract a comprehensive view of the market by analyzing it against numerous parameters. The valued inputs enhance the Self-Serve Coffee Machine report and provide an advantage over peers.

Drivers and Constraints

The self-service coffee machine market remains united with the incidence of major players Schaerer, De’Longhi, Caffia, Franke, WMF, Jura, Lavazza who continue to fund the growth of the market significantly every year. The report studies the value, volume trends, and price structure of the market so that it can predict maximum growth in the future. In addition, various suppressed growth factors, restraints, and opportunities are also estimated for the advanced study and suggestions of the market during the evaluation period.

Self-Service Coffee Machine Market Segmented by Region/Country: North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America

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Small Business Owners Manage the Lingering Effects of the Pandemic and Inflation – NBC 5 Dallas-Fort Worth Thu, 23 Jun 2022 03:01:41 +0000

While many businesses recovering from the COVID-19 pandemic are seeing stronger sales that are close to or comparable to 2019 levels, some owners say the effects linger, along with new challenges.

Kari Seher, owner of Melt Ice Creams, has experienced the ups and downs of the pandemic. Right now, her stores are busy because she calls it “the perfect season” for ice cream.

Since opening in 2014, Melt Ice Creams has expanded to four stores in North Texas.

“I started making it at home, in my kitchen, and then I started telling my neighbors to make this ice cream and let them taste it. They were like, you really should open a store,” recalls Seher.

While Seher said most of their stores are back to 2019 sales levels, the recovery has not come without challenges.

“In our 8.5 years in business, we have only increased our prices twice. We raised our prices just recently in January, but we’re seeing our costs go up about 8%,” she said. “We are doing our best to mitigate this, but there is a cap within which a customer wants to pay. They don’t want to pay more money, so we are kind of in a rush.

To avoid raising prices further, Seher said their company is trying things like buying more ingredients in bulk and being careful how they spend their money. Sometimes they have to consider giving up certain products that have become too expensive, she said.

“If we buy a certain cup that comes from far away, then it has to come by truck to get here, that gas cost, it’s all included in the cost of that product,” she said. “We really don’t want to impose that cost on our customers, and we hope it balances out. There may be a time when we have to raise these prices, but we don’t want to. »

When it comes to finding balance in recovery, Seher is far from alone.

Tarrant County is weeks away from launching a new grant program aimed at helping small businesses recover from the effects of the pandemic. County commissioners have allocated $25 million in federal funding to help small businesses.

Tarrant County deputy administrator Lisa McMillan said she is focusing specifically on workforce recovery efforts, including retention, recruiting, training and development.

“We expect the $25 million awarded by the County Commissioners Court to go quickly,” McMillan said. “The pay scale has increased. Some people want to offer bonuses, signing bonuses so that those funds can be used for any of those types of labor needs.

Affected small businesses that had 50 or fewer employees in the first quarter of 2020 can apply for grants of up to $27,500 depending on eligibility criteria and number of employees.

While Seher said owners of small businesses like hers are thinking about how they spend their money, she asks the community to do the same.

“If there’s a coffee you like, it’s your coffee. Spend your money there rather than going to a big company. Spend your money in an ice cream shop, where we know the people behind the counter,” she said. “You never know, if you’re not supporting them, and maybe your neighbor isn’t supporting them, maybe that’s not the boost you need. need to get through this season.”

Applications for the new grant program through Tarrant County will open at noon on July 11. The application deadline is 5 p.m. on August 31, or when funds are exhausted.

Requests will be processed in the order in which they are received.

Local schools turn to food rationing as prices rise Mon, 20 Jun 2022 21:03:12 +0000


Local schools turn to food rationing as prices rise

Early Childhood Development Education (ECDE) students at Ngurunit Primary School in Laisamis, Marsabit County are given porridge on July 18, 2019. PHOTO | DAVID MUCHUI | NMG

Schools are now rationing and changing menus as the prices of grain, wheat and other food items rise.

Rising food costs and continued supply chain disruptions are shrinking the menu for students across the country.

Some schools have been forced to withdraw or make substitutions to cope with the skyrocketing cost of key ingredients such as corn, beans and potatoes.

At Aiku Secondary School in Igembe sub-county, the cafeteria management and staff had to improvise. They used to offer three entries a day, but now there is only one.

“The price of maize per kilogram has increased, so we have replaced porridge with tea and coffee mixed together,” said Ms. Rose Mueni, the school principal.

Ms Mueni said the school can produce milk and therefore replace them with cheaper alternatives.

“For cabbage, we replaced it with kale (sukumawiki) which is cheaper and readily available in school gardens,” Ms Mueni said.

Schools have become one of the institutions most affected by the increase in food inflation in the country and the unavailability of food.

Some teachers say they have stopped extracurricular activities in schools due to a lack of funds.

“We have stopped all other activity at school, for example student projects, we have stopped so that we can focus on feeding and supporting students [in schools]said Ms Charity, also a school principal.

In some schools, there is only one main course a day and portions of food are rationed due to supply issues and soaring prices.

School principals denounce a tense school term as food products become more expensive for the sustainability of educational institutions.

They say they haven’t collected enough lunch tax to buy food and pay non-permanent staff.

Two headteachers said the food rationing had not been welcomed by students, but the situation was unavoidable.

Some schools have huge pending bills from suppliers of various food items, which has affected their business relationships with these companies.

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Why New Jersey and Oregon Still Won’t Let You Pump Your Own Gas Sat, 18 Jun 2022 20:14:00 +0000

New York
CNN Business

Most Americans faced with record gas prices cringe when filling up.

But not the people of New Jersey and Oregon. They are not allowed to touch the gas nozzle. Seriously.

In New Jersey, it has been illegal for drivers to pump their own gasoline since 1949. A ban on self-serve gasoline has been in place in Oregon since 1951, although the state has eased restrictions for rural towns a few years ago. Violators can be fined up to $500 for violating the laws of these states.

So why don’t New Jersey and Oregon allow you to pump your own gasoline? And what happened back when gas station attendants filled your tanks in the rest of the country?

It’s a strange and complex story that goes back more than a century.

The United States has experimented with self-serve gas since the first stations were built in the early 1900s. Yet it was not until around 1980 that self-serve became the main gas station model in this country. .

“Their rise to the top has not been smooth,” write Ronald Johnson and Charles Romeo in a 2000 study of the growth of self-service.

The first self-service gas pumps in the United States appeared around 1915. They were designed primarily for emergencies or for use at night when gas stations were closed. People paid in advance with coins to operate them.

Full-service gas stations are adamantly opposed to self-service. They viewed cheaper self-serve gas as a competitive threat to their business and wanted to limit its spread.

Fuel sales have slim profit margins. Service stations made their money and distinguished their brands by offering a variety of services such as oil and battery checks, windshield wipes, and vehicle repairs. Full-uniformed station attendants – some wearing bow ties – filled customers’ tanks, a key part of their wider service strategy to attract drivers in the first half of the 20th century.

Full-service petrol stations have highlighted the safety risks around self-service, arguing that untrained drivers will overfill their tanks and start a fire. With the support of local firefighters, gas stations lobbied state lawmakers to ban self-serve. In 1968, self-service was banned in 23 states.

It wasn’t until the success of self-service internationally and a major shift in the gas station business model that self-service began to replace attendants in the United States.

“Modern self-service gas stations were pioneered in Sweden,” said Matt Anderson, curator of transportation at the Henry Ford Museum in Michigan. “There, the drivers paid less for self-service than for full service. From there, the concept spread across Europe.

Self-service gas stations, like this one in early 1948, became popular as stations lost their grip on the automotive service and repair market.

At the same time, vehicle warranties began to stipulate that cars must be serviced at dealerships, a change that eroded the service and repair business of gas stations.

“Traditional full-service gas stations lost their profit center in auto repairs and were forced to change the way they operated,” said Wayne Henderson, the author of the book 100 Years of Gas Stations.

Service stations had to look for new ways to increase their profits. They moved to self-service, which lowered their costs and increased gasoline sales volumes, and they branched out into selling food, tobacco, coffee, snacks, and other markup items. higher.

Self-service “ended up being more popular because it could create high volumes and opportunities for other profits,” said Gary Scales, a doctoral student at Temple University, writing a thesis on the history of gas stations. service.

Gas station operators have begun pushing states to repeal their self-serve bans. In 1992, around 80% of all gas stations in the country were self-service, up from just 8% two decades earlier.

Despite frequent legislative attempts, legal challenges, and opposition from the gas station industry, New Jersey and much of Oregon still do not allow self-service.

Oregon law says it is in the public interest to maintain the ban. According to the law, allowing self-service would increase the risk of fires, create challenges for the elderly and disabled drivers and lead to job losses at gas stations.

In 1982, Oregon voters rejected a ballot measure to overturn the ban, but more recent polls show attitudes in the state are divided. A 2014 poll found that Oregon residents were almost evenly split on the issue, with 44% supporting the move to self-service and 46% favoring keeping the ban.

Oregon relaxed its ban in 2018, allowing self-service for drivers in rural counties with fewer than 40,000 residents.

In New Jersey, banning self-serve, as well as the state’s reputation for low gas prices, is part of its culture. “Jersey girls don’t pump gas,” proclaims a popular bumper sticker.

Self-service gasoline is a

Trying to overturn the ban was seen as a political loser.

“On self-serve gas, it’s been kind of third rail politics in New Jersey,” Gov. Phil Murphy said in April.

But record gasoline prices and gas stations’ struggles to find workers have led to renewed attempts by New Jersey gas station industry advocates to lift the ban. In May, 75 gas stations across the state lowered their prices in an effort to gain support to allow self-serve gas.

However, the state is unlikely to allow drivers to pump their own gasoline anytime soon. The president of the state senate opposes a bill that would end New Jersey’s ban.

Residents of the state have little interest in self-service. A March poll found that 73% of them say they prefer to have their gas pumped for them.

“There’s apparently one thing all New Jerseyans can agree on these days,” said Ashley Koning, director of the Eagleton Center for Public Interest Polling at Rutgers University in New Brunswick, during the publication of the survey. “And it’s Jersey’s centuries-old tradition to have your gas pumped for you.”

Cost of living: appearance on Channel 4 for the Herefordshire group Thu, 16 Jun 2022 05:01:46 +0000 A team of volunteer repairmen trying to help a Herefordshire town through the cost of living crisis have been featured on a popular Channel 4 TV show.

Repair Cafe Ledbury, which takes place every few weeks at the town’s community hall, aired last week on Steph’s Packed Lunch.

A TV crew came to the café’s final event on Saturday June 4 and filmed their team of volunteers helping members of the public repair a wide range of household items free of charge, including garden tools, vacuum cleaners, clocks, kitchen appliances and even a Christmas tree.

The segment was part of a special cost of living episode of the midday show, which is still available on All4.

The cafe was featured on Channel 4’s Steph’s Packed Lunch

David Hewitt, Chairman of Repair Cafe Ledbury, said on the show: “The aim of the Repair Cafe is to reduce the amount of stuff we throw away. Vacuum cleaners, kitchen mixers, clocks, toasters – if you can carry it, bring it, we’ll take a look.

“With the current cost of living crisis, people are looking for ways to save money, so rather than spending £20, £50, whatever on replacements, they have it for another five years. , 10 years or however long it lasts.”

Hereford Times: Volunteer repairmen were filmed fixing household items, including a toasterVolunteer repairmen were filmed fixing household items, including a toaster

David Murdoch, a Repair Cafe volunteer, said the call from Channel 4 came unannounced but when asked if they would like to be featured on a show about saving money, the team said “why not?”.

“They did an amazing job, they were here for three hours and the five minutes of television they did was first class,” he said.

READ MORE: Eighth Ledbury Community Day

Repair Cafe Ledbury saw the light of day in February 2020 with an event at Burgage Hall in Church Lane.

“He was rammed,” Mr Murdoch said. “Obviously there was a lot of pent-up demand.”

Hereford Times: A Repair Cafe Ledbury volunteer fixes an ornament A Repair Cafe Ledbury volunteer repairs an ornament

After a second event in March 2020, the Covid struck. The cafe returned in August 2020 with a reduced capacity, but its popularity meant that as restrictions eased it needed a new home.

A deal with Ledbury Community Hall has been struck which gives the cafe not only more space but also much-needed storage space.

Hereford Times: A town crier outside the Repair Cafe, which was filmed on Ledbury Community DayA town crier outside the Repair Cafe, which was filmed during Ledbury Community Day

The next Repair Cafe will take place at the Community Hall on Saturday 6th August and anyone wishing to have an item repaired should book in advance via

Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Crash Will Boost Institutional Adoption Tue, 14 Jun 2022 06:00:03 +0000

Crypto custodian Hex Trust says the recent merger of stablecoin TerraUSD (UST) and its sister token Luna will herald greater intervention from regulators, paving the way for more asset managers to join the crypto space.


ong Kong’s Hex Trust had worked closely with Terraform Labs when the Singapore-based firm’s crypto tokens UST and Luna crashed early last month. The crypto custody firm said it had managed to avoid the “bloodbath” by liquidating its collateral positions in the days before the implosion.

Hex Trust had seen the warning signs began to emerge over the weekend of May 7-8, when investors began withdrawing their funds from Anchor Protocol, a crypto lending platform that promised interest payments of almost 20% for UST deposits. Over the next two days, the UST lost its peg to the US dollar, plunging as much as 25%, according to tracker CoinGecko.

Although Terraform Labs was one of the investors in Hex Trust’s $88 million funding round announced in March, the crypto custodian said it had not received any information from Terraform Labs as it progressed. extent of collapse. Terraform Labs, which also developed Anchor, suspended UST’s trading line with other stablecoins in a clear sign that it could no longer defend UST’s value.

“Fortunately, we are very cautious from a risk perspective,” Hex Trust co-founder and CEO Alessio Quaglini said from the company’s Hong Kong headquarters. “We’re still over-collateralized, so we haven’t had to take any loss on the secured lending side.”

Hex Trust is a crypto custodian company that protects customers’ private keys – the passwords that allow users to send and receive cryptocurrency – from theft or accidental loss. Custodians generally earn fees for holding assets so that asset managers can focus on investment decisions.

Quaglini thinks custody is going to be the “secret ingredient” for the development of the blockchain industry in the long term, as companies like his enable traditional financial institutions to safely navigate the fast-moving and volatile crypto markets.

In fact, the recent selloff could prove beneficial, according to Quaglini, as it should spur regulators to become more involved in crypto markets, which in turn will drive faster adoption by institutional investors than his firm. serves.

In early June, the Japanese parliament passed a landmark law that requires stablecoins to be pegged to legal tender and guarantees holders the right to redeem them at face value. Meanwhile, a bipartisan pair of US senators have introduced a crypto bill that includes stablecoins, and the UK government has proposed changing existing rules to give the Bank of England the power to manage crypto issuers. failing stablecoins.

The crypto market is now in the “hospitalization triage” phase, according to Quaglini, with many investors are still assessing the damage and reorienting their portfolios. “I think the beauty of this market is that it readjusts very quickly and dynamically,” he said.

The crypto industry has seen nearly $800 billion in wealth evaporate since May, according to CoinGecko on Tuesday. Luna, which was created to help keep the UST pegged to the dollar, crashed to near zero.

Prior to the collapse, CoinGecko data shows UST’s market capitalization peaked at $19 billion in early May., and Luna’s had peaked at $41 billion in early April. But the two cryptocurrencies combined had fallen to around $1 billion by the end of May. The implosion wreaked havoc on Terra, the blockchain that had hosted more than 100 decentralized applications and had nearly 4 million users.

Allegations have recently circulated on Twitter and in unconfirmed media reports of Do Kwon, the CEO and co-founder of Terraform Labs, raking in $80 million a month before the crash. The contractor, however, denied the allegations.

Meanwhile, Terraform Labs would face investigations from the U.S. Securities and Exchange Commission over whether the company’s marketing of UST violated investor protection laws, according to a Bloomberg News report. Terraform Labs is also reportedly being investigated by South Korean police for allegations that its staff misappropriated some of the company’s bitcoin holdings, the FinancialTimes and Bloomberg reported. The investigation comes after a group of South Korean investors filed a lawsuit against Kwon and his founding partner Daniel Shin on two counts, including fraud, local news agency Yonhap said last month. .

Despite all of this, surprisingly, some crypto traders continue to voice support for Terraform Labs’ decision to relaunch the Terra ecosystem, which includes the launch of a new blockchain that ditches UST and only runs on a new version of Luna. . To provide customers with access to claim the tokens, Hex Trust, along with several crypto exchanges such as Huobi and Kucoin, have also supported Terra’s comeback.

“Anchor’s extreme growth rate was what essentially brought the whole blockchain to a point where the total value locked in the UST stablecoin was too large for the market capitalization of the Terra blockchain itself,” Quaglini said. .

“Other than that, what Terra had built was really impressive and the community was quite large,” he added. “So I wouldn’t be surprised if the community continues to believe in what Terra has built.”

But others remain skeptical. The debacle has clearly shaken investor confidence in the Terra ecosystem. This doubt seems to be reflected in the price of the new Luna, which fell 77% in the hours following the relaunch of the Terra blockchain on May 28, according to CoinGecko. The crypto coin settled at around $2.5 on Tuesday.

Hex Trust, meanwhile, announced a day earlier that it would also begin offering customers access to decentralized applications built on Polygon, a rival blockchain that recently launched a multimillion-dollar fund to attract investors. projects away from Terra.

“The idea of ​​Do Kwan starting a new project with the same leadership and different incentive mechanisms is really hard to get investors and developers on board,” said Thomas Dunleavy, principal analyst at crypto data firm Messari. . “It’s almost just speculation at this point. I don’t see where there is long-term viability for a fundamental investor. »

Licensed in Hong Kong and Singapore, Hex Trust has been managing crypto volatility since day one. It was founded during the “crypto winter” of 2018, when hundreds of token projects collapsed, prices plummeted 80%, and trading volume declined for months.

MORE FORBESThe Great Crypto Reset: How Digital Asset Investors Will Recover From The $1 Trillion Market Crash

Quaglini’s introduction to the world of crypto came during a coffee chat in 2014, when a fellow banker described to him how bitcoin could potentially disrupt traditional banking and finance. Quaglini said he was immediately captivated by the technology and then made his first bitcoin purchase at around $300.

“It doesn’t happen very often in your life that a new asset class hits the market,” said Quaglini, who most recently worked at First Abu Dhabi Bank after working at Spanish lender BBVA and the commission Italian securities. “All other asset classes are more or less similar in terms of being managed by centralized entities, but cryptocurrencies are completely disruptive,” he said.

The 39-year-old founded Hex Trust in partnership with Rafal Czerniawski, former technical head of investment bank CLSA. The duo spent around two years preparing to launch their custody platform and onboarded the company’s first batch of customers in late 2019.

Last March, Hex Trust jumped on the NFT bandwagon and became the first licensed custodian to offer blockchain-related artwork and other digital collectibles for institutional clients. Since then, it has grown even further by partnering with Animoca Brands, the Hong Kong-based blockchain powerhouse, in a joint venture to create an NFT wallet for gamers.

“This is a unique opportunity to partner with the most successful player in the ecosystem, and to have the opportunity to really evolve our platform and offer it to millions of customers playing in the most famous blockchain games,” Quaglini said.

As part of this partnership, players of Animoca titles, including the flagship metaverse game the sandbox, will be able to store their in-game assets with Hex Trust. The company’s portfolio will be integrated into Animoca’s investment portfolio of over 340 NFT-related companies and blockchain projects, and possibly others outside the Animoca ecosystem.

“There is no win-win scenario here…it is quite common for investors to hold assets in multiple places, much like how people hold money in multiple bank accounts,” Yat Siu said. , co-founder and president of Animoca. “I definitely see Hex Trust being one of the leading ones there.”

Although Quaglini says child care is a secret ingredient, word is spreading. Crypto exchanges like Brian Armstrong’s Coinbase and Cameron and Tyler Winklevoss’ Gemini have already acquired their own custody infrastructure companies. Meanwhile, digital payments giant Paypal has bought a crypto security startup and BNY Mellon, the world’s largest custodian bank, has formed a new unit to help customers hold, transfer and issue digital assets.

Hex Trust, for its part, is currently in the process of setting up a new regional hub in Dubai, Quaglini said. The expansion plan comes after Dubai approved a new law that regulates virtual asset businesses, including trading and custody services in early March. The new legislation has already attracted billionaire Changpeng Zhao’s Binance, Sam Bankman-Fried’s FTX and several other crypto exchanges to set up shop there. Quaglini said Hex Trust also plans to establish additional regional offices in Europe and the Bahamas.

Best time to visit Turin Sun, 12 Jun 2022 10:51:58 +0000

With stunning Baroque architecture, a string of world-class museums and a thriving café scene, Turin is one of Italy’s great underrated destinations. Often overshadowed by its northern rival Milan, it’s a good year-round destination, offering sights and activities for every season.

There are no hard and fast tourist seasons, but as a general rule, spring and early fall are the best times to visit, both in terms of weather and cultural events.

Spring (March to May) is the best time for cultural events and Easter festivities

Turin blossoms in the spring. Towards the end of March, the days begin to lengthen and temperatures begin to climb, eventually reaching around 20°C (68°F). Rain is still likely, so be prepared for spring showers.

Traditional celebrations take place at Easter while a busy calendar of events means there is always something going on. Note, however, that late spring is one of the city’s most popular times with accommodation prices skyrocketing during major events.

Summer can be hot and humid in Turin © Shutterstock / simona pirolla 2

Summer (June to August) is the best time for outdoor concerts

Summer is hot and humid in Turin, which makes sightseeing difficult. Expect temperatures of 80°F (26.5°C) and higher, as well as occasional thunderstorms, usually in the late afternoon or evening.

It’s the season to explore the city’s parks, enjoy the Po River bar scene and catch an outdoor concert. Concerts aside, August is a quiet month, so look for accommodation deals as hoteliers try to attract visitors to the city.

Fall (September to November) is the best time for earthy colors and sweet treats

September and October are the best months to visit Turin. The weather is nice and the city looks great in its fall colors. For culture vultures, there are plenty of events, concerts and exhibitions to discover, while foodies can feast on autumn specialties such as freshly dug truffles.

September and October are considered high season, but prices drop in November when it’s usually quite cold and wet.

Winter (December to February) is the best time to dress up and hunt

There is no denying that Turin gets very cold in the winter. On the other hand, it does not rain much and if you are lucky you may be able to enjoy the winter sun. It’s usually pretty quiet in town, but head to the nearby alpine resorts and you’ll find that ski season is in full swing.

Christmas sees exciting light shows and Carnival brings a flurry of fancy dress. If not, it’s time to explore crowd-free venues and hunt for bargains during the winter sales.

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Handsome young man standing outside in the winter snow in Turin, Italy, in a cream coat
Winter often brings snow to Turin when there are bargains to be had © Shutterstock / Shooting Star Studio

Enjoy hot chocolate and winter bargains in January

Winter sets in as New Year celebrations fade. The days are cold, regularly dipping below zero at night, but you might catch some sun or even snow. Warm up with a traditional Turinese hot chocolate, a bicerin and look for bargains during the winter sales.
The key events: Winter sales

Costume Carnival in February

The great carnival jinks brighten up the cold February winter days. Children wear fancy dress and fun-loving adults enjoy theme nights and costume parties. Outside the city, skiers flock to the slopes of popular alpine resorts in Piedmont.
Key events: Seeyousound; ski season

Explore Museums in March

March often brings changeable weather, so while it’s usually a little warmer, there’s a greater chance of rain. Crowds are still rare on the ground, making it an ideal month to explore the royal palaces and marvelous museums of the city.
The key events: Biennale Democrazia; Giornate FAI from Primavera

Market products and sacred music in April

April is a great month to visit with longer and warmer days, beautiful colors and markets bursting with ripe seasonal produce. Settimana Santa (Holy Week) and Easter see religious celebrations and concerts in the town’s historic churches.
The key events: Automotoretrò & Automotoracing; Lovers Film Festival

Discover lively bars and cultural events in May

May is a busy month, as well as the wettest in Turin. By now it’s usually warm enough to sit outside and the city’s outdoor bars and sidewalk cafes are buzzing. A number of high-profile events, including Italy’s premier book fair, guarantee crowds and prizes in high season.
The key events: Salone Internazionale del Libro; CinemaAmbiente Festival; INTERPLAY International Contemporary Dance Festival

Holy festivals and contemporary dance in June

Summer has arrived and with it hot and humid weather and school holidays. Turin celebrates its patron saint on the evening of the 23rd with fireworks and a giant bonfire in Piazza Castello while contemporary performances take place in theaters across the city.
Main events: Festa di San Giovanni; Torinesi Hills Festival

A dark-haired Caucasian woman reading a guidebook while visiting Rivoli Castle near Turin.  Girl explores Piedmont, Italy
July in Turin can be sweltering – this is when some travelers will head to nearby attractions like the Castello di Rivoli © Shutterstock / illpaxphotomatic

Sales and summer sounds in July

Torino’s sweltering temperatures as hot summer temperatures make sightseeing an endurance activity. Step into the shade of the city’s porticoes to unearth bargains from the summer sales before a rocking evening at an open-air concert.
The key events: Kappa FuturFestival; Flower Festival; Sonic Park Stupingi

Search hotel deals in August

Residents are fleeing the city for their summer holidays and many businesses closed around August 15. Look for hotel deals and concerts at the popular TOdays festival. Cool down with a fabulous ice cream.
The key events: Today Festival

Perfect weather and top events in September

As the summer heat recedes, children return to school and locals return to work. But it’s peak time for visitors with great weather and fabulous events on the calendar. High season rates apply.
The key events: MITO Settembre Musica; Torinodanza Festival; Terra Madre – Salone del Gusto; Torino Jazz Festival

Feast on truffles and chocolate in October

Turin’s flamboyant autumn foliage is the perfect setting for decadent treats, ranging from earthy truffles and rich red wine to Turin’s famous chocolate. Temperatures are starting to drop, so this could be your last chance to dine al fresco.
The key events: Cioccolato

Discover cinema and contemporary art in November

It’s cold and wet outside, so it’s time to head inside. In addition to blockbuster museums, you can enjoy film screenings, contemporary art exhibitions and spectacular light installations. Expect few tourists and low season prices.
The key events: C2C festival; Contemporary Art Torino Piemonte; Lucia d’Artista; Torino Film Festival

Christmas markets in December

Seasonal joy cuts through freezing winter temperatures as you approach Natale – Christmas lights come on, churches chime to classical concerts and festive markets spring up across town.
The key events: Feast of the Immaculate Conception (December 8); Christmas markets

The price of coffee should fall Fri, 10 Jun 2022 04:42:00 +0000

Farmers and Settlers Association Inc. President Wilson Thompson said that ahead of the national election until September when the new government is in place, there is unlikely to be any intervention or actions from the government on the price of coffee.

He raised the issue this week and attributed a number of reasons for the drop in prices, due to the following:

  • There is no money to support the price support program and no trigger mechanism
  • Slow recovery of coffee after frost and resumption of production
  • War in Ukraine affecting coffee consumption, including the coffee movement
  • Fuel surcharge and government taxes and fees increase for vehicles, dock fees and
  • CIC 100% Levy on production resulting in a reduction of the levy on the price paid to farmers.

“Producers and farmers are therefore advised to start selling their coffee before prices fall below K8 and down to K7.50 per kilogram,” Mr Thompson said.

He said the price had risen from 4.70K parchment per kilo in January 2021 to over 10K per kilo in January 2022. Stating the reasons were snowfall which affected production in Colombia and the effect COVID on shipping.

Mr Thompson said that while coffee prices fall to around 8K per kilogram parchment this month, farmers’ income has declined.

This is due to poor road conditions and vehicle owners deducting K1 to K2 per bag and Coffee Berry Borer gas which has reduced weight by up to 30-40% which is not encouraging for growers.

“We have government intervention like cutting fuel but the impact is not immediate so there is no Berry Borer CBB coffee and the removal of levies and taxes which continue to be passed on on producers, thereby reducing the price paid to producers and farmers.”

Hungary to stick to slower rate hikes after May CPI data – c.banker Wed, 08 Jun 2022 14:01:00 +0000

FILE PHOTO: The National Bank of Hungary building is seen in Budapest, January 18, 2012. REUTERS/Bernadett Szabo

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  • CPI data may beat market forecasts
  • Core CPI and Underlying Price Indicators Jump
  • The bank should avoid tightening in too large increments
  • Repricing, wages, food prices to determine rate trajectory

BUDAPEST, June 8 (Reuters) – Hungary’s central bank will stick to a slower pace of rate hikes enacted last month, even after May inflation data beat market expectations, it said. rate chief Bianka Parragh said Wednesday.

The National Bank of Hungary (NBH) said last month it would continue to tighten monetary policy “for the foreseeable future” after raising its main interest rate by just 50 basis points, half the pace of rate hikes in recent months.

Headline inflation hit 10.7% year-on-year in May, beating analysts’ forecasts, while core inflation jumped nearly 2 percentage points from April, prompting some economists to raise their forecast for 2022.

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“The data was not a surprise for the central bank, we were expecting a double-digit reading,” Parragh told an online forum, adding that the BNH would continue with rate hikes in the second half of 2022 to curb the growth. price growth.

“As for the period ahead, the tightening will continue, however, we must not take too big steps. Nevertheless, determined steps are needed in monetary policy.”

She said underlying inflation trends would be key in determining the extent of the tightening after the bank’s closely watched indicator of enduring price trends jumped and inflation expectations remained well. above the bank’s target range.

Parragh said the bank would closely monitor monthly price revision activity across the economy, which has so far shown much more frequent price revision by companies than the average seen over the past few years. last five years.

“If these price revision measures were to moderate, that would be a hopeful sign, that would certainly be a good positive sign,” she said.

Parragh added, however, that double-digit wage increases amid what she called an “extremely tight” labor market were making it difficult to lower inflation, adding that the prices of wheat, corn, sugar beet or coffee would also be an important factor in political decisions.

“These are the three pillars that will be decisive for inflation, determining the course and magnitude of rate hikes,” she said.

Economists polled by Reuters expect Hungary’s base rate to rise to 8% by the end of the year, from 5.9% currently.

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Reporting by Gergely Szakacs; Editing by Toby Chopra and Alex Richardson

Our standards: The Thomson Reuters Trust Principles.

Elon Musk threatens to terminate $ 44 billion deal on Twitter for “material violation” | Elon Musk Mon, 06 Jun 2022 22:22:00 +0000

Elon Musk has accused Twitter of committing a ‘material breach’ of its $44billion (£35billion) deal to buy the company and threatened to terminate the deal, in the clearest indication to this day that the richest man in the world prepares to leave to take it back.

Musk’s lawyers wrote to Twitter accusing it of refusing to provide enough information about the number of fake users on the service, amid a simmering dispute over the number of spam and fake accounts that populate the platform.

In a letter to Twitter chief legal officer Vijaya Gadde, attorneys representing the Tesla CEO said he believed the company was “actively resisting and frustrating” his rights to access company data and information in the framework of the agreement. The letter said Twitter had not provided the information requested by Musk since May 9, adding that a formal response from the social media platform on June 1 was insufficient.

“Twitter’s latest offer to simply provide additional details regarding the company’s own testing methodologies, whether through written documents or verbal explanations, is tantamount to denying Mr. Musk’s requests for data.” , says the letter from US law firm Skadden, Arps, Slate, Meagher & Flom. . Musk’s legal team argues that not providing information about the fake accounts violates a clause in the agreement, a promise to act in a certain way during the sales process, which would allow him to withdraw from the agreement.

He said Twitter’s methods for testing fake accounts were “lax” and that Musk needed data from the company to conduct his own analysis, as well as help him secure debt financing for the deal. He added that the company’s refusal to cooperate indicated concern about what Musk’s analysis might reveal.

The letter ended with a disclaimer that Musk reserved all of his rights under the agreement, including his right to withdraw from the deal and “terminate” it.

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“This is a clear breach of Twitter’s obligations under the merger agreement and Mr. Musk reserves all rights arising therefrom, including his right not to complete the transaction and his right to terminate the transaction. ‘merger agreement,’ the letter reads.

Twitter, whose CEO has posted a Twitter thread explaining how spam accounts are measured and the difficulties of doing so through a third party, said he continues to cooperate with Musk. He said: “Twitter has and will continue to cooperatively share information with Mr. Musk to complete the transaction pursuant to the terms of the merger agreement… We intend to complete the transaction and implement the merger agreement. merger at the agreed price and conditions.”

Musk’s letter, posted on the US financial watchdog’s website on Monday, follows a tweet-based negotiation process undertaken by the billionaire in recent weeks. On May 17, he tweeted that the deal “cannot move forward” until the issue of spam and fake accounts is resolved.

Fake accounts or spam accounts, called bot accounts, are automated and not managed by human users. They may use the reply function or direct messages to send advertisements or scams to users, or represent attempts to influence public discourse by tweeting political propaganda.

Twitter has consistently stated in its quarterly results since 2014 that it estimates its spam account problem accounts for less than 5% of its users. However, since closing the deal in April, Musk has raised concerns that the number of fake accounts could be much higher. The platform currently has 229 million users.

According to Brian Quinn, an associate professor at Boston College Law School, the formal agreement between Musk and Twitter underlying the takeover would allow the Tesla boss to walk out of the deal without paying severance pay. case of material breach.

Quinn added that Musk’s allegation of a breach was weak and his argument could ultimately be decided in court. One of the terms of the agreement states that Twitter must provide information “relating to the completion of the transactions contemplated by this agreement,” while another relates to any information required to secure the debt financing of the agreement. Quinn said Twitter could go to court to argue that additional data and information about the bots isn’t needed to close the deal or secure the debt financing.

“It is possible that the council will tire of the exchange of letters and go to court. The parties could end up renegotiating the price, but I don’t think Musk has good reason to walk away given the ample evidence that he’s trying to find an excuse to walk away,” Quinn said.

John Coffee, a law professor at Columbia University, said Musk was paying the price for trying to rush the deal. He said he expected the Tesla chief to seek a lower price for the deal, although “Twitter won’t concede much given Musk’s fragile position.”

“If Musk had felt that this information on the percentage of bots was essential, he could have negotiated representation or exercised due diligence. He did neither. It was in a rush to close and now that market prices have reversed it is eager to delay,” Coffee said.

Shares of Twitter had fallen 2.5% to $39.17 by afternoon in New York. The Musk deal values ​​the company at $54.20 per share.

If Musk breaches the agreement by seeking to walk away without a reason covered by the document, Twitter has the option of asking him for a termination fee of $1 billion or asking a court to require Musk to finalize the transaction at the agreed price.

On Monday afternoon, Texas Attorney General Ken Paxton announced he was launching an investigation into Twitter’s “potentially false reporting of his fake bot accounts” to determine whether it violated the Deceptive Marketing Practices Act. from Texas.

Although he didn’t mention Musk by name, the survey echoes talking points used by the Tesla founder regarding the bot problem. Critics have speculated that Paxton is trying to appeal to Musk, who moved Tesla’s headquarters to Texas in 2021.