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US retail sales recover in March but uncertainty grows over tariffs


Many consumers anticipated purchases of durable goods such as household appliances and clothing, fearing price increases. The monitoring shows that 'core' sales (excluding restaurants, cars and fuel) rose by 0.4 % month-on-month and 5.07 % year-on-year. The most dynamic sectors in March were digital products ( 27.6% year-on-year), sport, hobby and book shops ( 6.6%) and department stores ( 7.6%). By contrast, sales of household appliances and personal care products declined slightly. In Q1 2025, total retail sales grew by 4.52% annually, while core sales rose by 4.96%. However, the NRF points out that the economic uncertainty generated by duties could dampen consumer confidence, causing consumers to save more than spend.

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Italy with the US to oppose ‘discriminatory’ technology taxes: a bad signal to Europe and a favour to Amazon


Italy applies a 3 per cent levy on Internet transaction revenues for digital companies with a turnover of at least €750 million ($853.35 million), which is worth less than €500 million in revenue to the state each year. "We agreed that a non-discriminatory environment in terms of taxation of digital services is necessary to allow investment by cutting-edge technology companies," Rome and Washington ... Reuters But Europe's weak point is the Irish tax haven, which, as of September 2024, has a tax revenue surplus of €8.6 billion from multinationals and Meloni should, in my opinion, have concerted on this sensitive subject with her European partners (also because big tech regulations also have other implications concerning, possible e-commerce dumping by Chinese companies, privacy, etc.). Updated 22 April 2025

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Despite galloping inflation, high-end chocolate holds up well


"Customers have mostly remained loyal to the luxury chocolate manufacturers who have largely refused to reduce cocoa content and instead increased prices"... ... Consumer brands also held up well: Nestlé said the KitKat recipe had not changed, adding that the popularity of the chocolate bar demonstrated "the continued appeal of established brands offering tasty products." Below: a Swiss luxury brand

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Dubai chocolate triggers pistachio shortage as TikToker goes crazy


Global fruit prices rise by a third as cream-filled viral bars are offered. The bars, a combination of pistachio cream, grated shortbread and milk chocolate, were a modest success after their launch in 2021 by Emirati boutique chocolate maker FIX, until a TikTok video turned them into a global phenomenon. The clip, released in December 2023, amassed more than 120 million views and fuelled a worldwide craze for pistachio chocolate, spawning a series of imitations. Because of the craze, prices of pistachio nuts have increased from $7.65 a pound a year ago to about $10.30 a pound now.

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Geopolitics and hybrid warfare now present in the world of food: Russian hackers use a wine tasting to launch a cyber attack on Europe


'Wine-tasting event' and 'Diplomatic dinner' were the subjects of e-mails sent by a leading European foreign ministry The cybercriminal group called APT29, but also known by the name Cozy Bear, which is linked to the Moscow government, is behind a new wave of phishing attacksagainst European diplomats, which once again aims to exploit their cultural inclination towards wine consumption in order to spread a new backdoor malware. The new attack is similar in modalities to last year's WineLoader campaign. It uses emails to invite recipients to wine tastings, in an attempt to induce them to click on malicious links, as revealed by Check Point Research researchers in a recently published report. However, this time there are two new elements: the target audience and the malware lurking in the back-end of the campaign... This campaign seems to focus on European diplomatic entities, including embassies of non-European countries located in Europe. The Red Prawn