Tag

Profiteering

All articles tagged with #profiteering

world-middle-east2 years ago•3 min saved

"Masked Vigilantes Enforce Order in Gaza's Absence of Police"

In the absence of the civil police force in Gaza due to Israeli strikes, vigilante groups known as "People's Protection Committees" have emerged to maintain public safety and combat price hikes by market profiteers. While some residents welcome their presence, others express concerns about the masked, armed men taking over policing. The conflict has led to intense shortages and skyrocketing prices, prompting the vigilantes to confiscate goods from repeat offenders and sell them at set rates. However, some residents believe the vigilantes are targeting the wrong people and should focus on pressing senior merchants to bring down prices at the border crossing.

via Reuters|

#gaza #hamas #profiteering

business3 years ago•5 min saved

"EU Implements Price Caps to Combat High Food Costs"

Despite falling agricultural and energy costs, food prices in Europe remain high, with consumer food prices on average nearly 17% higher in April than a year earlier. Rising labor costs and profiteering are contributing factors, and suspicions are growing among consumers and economists that inflation could be kept needlessly high by companies raising prices above their costs to protect profit margins. While there are tentative signs that the pace of food inflation has reached its pinnacle, food prices are unlikely to decline, and policymakers are closely watching for a slowdown in the rate of increases.

via The New York Times|

#agriculture #business #europe