n.50

“How long has this fraud been going on?” Brazil reportedly exported hormone-treated steaks to Europe


Unable to prove that the meat had not been treated with banned hormones, Brazil stopped its exports to Europe. A revelation that bodes ill for the trade agreement between Mercosur and the EU is currently being negotiated. Estradiol 17-β! You don't know what it is, but you certainly don't want to find it in your lasagne, ravioli or burgers. This growth hormone is used in some livestock farms to make animals increase their muscle mass faster. Since 1998 it has been completely banned from the European market. It is forbidden to give it to Charolais cows grazing in France, for example. The import of ribs, chops and rump containing it is also banned. Brazil, the world's largest exporter of beef, authorises these treatments. And we have just learned that it cannot guarantee that the red meat it sends to Europe has not been spiked with this hormone. This is what emerges from an audit by the European Union's health directorate conducted between the end of May and mid-June and published discreetly on 8 October. Below: Brazilian zebu, used to make bresaola.

n.47

Emissions: China first. USA first pro capita (per person)


Financial Times 11 November 2024. E Global greenhouse gas emissions hit a new record high of 57.1 GtCO2e in 2023, up 1.3% from 2022 levels, according to the United Nations Environment Programme (UNEP), which published its annual Emissions Gap Report (EGR), one of the most important benchmarks for climate negotiations while 2024 will be the hottest year on record and will exceed 1.5°C warming compared to the pre-industrial era for the first time Drafted 10 November, updated 11 November 2024

n.46

Over the past five years, Penny Market’s soft discount turnover in Italy has grown but profitability is negative


In recent years, Penny Italia has experienced significant growth, going from a turnover of EUR 1.1 billion in 2019 to EUR 1.459 billion in 2023 (27.4%, with a growth of 8.85% in the last year)... The EBIT from 2019 to 2023 were negative for the entire period: the values for 2020, 2021 and 2022 are slightly negative (around 0.%), while 2019 and 2023 show values over -2%, with 2023 being precisely -2%. ... the REWE Group's management and financial support are crucial for a company growing in turnover but with high investments, which have yet to translate into adequate financial results. Penny is a soft discount store (which would like to pretend that it is a supermarket, like Lidl).