Sütaş Chairman Muharrem Yılmaz expects milk price increases to stay below inflation in 2026, similar to 2025. He highlighted investments in the Bingöl facility, totaling $202 million, with plans for $100 million more. The facility is projected to significantly boost Bingöl's economy and national income ranking.
World Cup replica football shirts have seen significant price hikes, with Nike kits being the most expensive. Adult replica shirts from Nike cost around €110, while Adidas and Puma are priced at €100. Prices have risen 53% since 2010, outpacing the cost of living.
TSMC CFO Wendell Huang acknowledged rising costs due to inflation but denied plans for sudden, drastic price hikes. He stated that any increases would reflect the company's technological leadership and manufacturing excellence. Huang also addressed the AI boom, denying it's a bubble, and explained global expansion is driven by customer demand, not geopolitical pressure.
Opposition parties in India, including Congress and AAP, have strongly criticized the Modi government for recent increases in petrol and diesel prices. They accuse the government of "fuel loot" and burdening citizens despite stable international crude oil prices, questioning why India isn't buying cheaper oil from Russia and Iran.
BPCL Director Raj Kumar Dubey warned of unavoidable petrol and diesel price hikes due to ongoing global energy disruptions and rising crude oil prices. India is diversifying oil sources, including Russian crude, to avoid shortages and accelerate its transition to green energy.
South Australia's seafood industry is experiencing price increases and a potential 5-10 year recovery period due to an algal bloom and fishing restrictions in Gulf St Vincent. Popular species like King George Whiting and calamari are affected, with the gulf's closure extended to May 2027.
Sony is facing a class-action lawsuit in the United States filed by gamers who allege the company profited from PS5 price hikes during a period of tariffs. Players are seeking refunds for the price difference and suspect Sony may have benefited twice by increasing prices and potentially receiving tariff refunds without passing savings to consumers. Other companies like Amazon, Nintendo, Nike, and Adidas are facing similar lawsuits.
Sony has increased the prices for new PlayStation Plus Essential subscribers on one-month ($11) and three-month ($28) plans. The company cites "ongoing market conditions" for the hike, which may also affect Extra and Premium tiers. Annual plans are currently unaffected.
CNG prices in Delhi-NCR increased by ₹1/kg to ₹80.09, following a ₹2 hike two days prior. Petrol and diesel prices also rose by ₹3/litre amid global energy price volatility.
Sun Hung Kai Properties' project in Hong Kong's New Territories saw hundreds of buyers, with 121 flats sold out despite a price increase, indicating strong market confidence and a sustained upward cycle.
UK fish and chip shops face significant price increases for cod and other ingredients, leading to higher menu prices, reduced customer visits, and staff pressure, prompting some to install self-service tills and consider alternative fish options.
Nintendo's president confirms new game titles in development as console prices are set to rise.
Rolling coverage of the latest economic and financial newsNewsflash: Global food prices have risen for the third month running, as the Iran war drives up the price of energy and fertiliser.The United Nations’ FAO Food Price Index (FFPI) shows that prices of a basket of food commodities rose by 1.6% in April, adding to price rises in February and March.The price increase was further supported by expectations of reduced wheat plantings in 2026, as farmers shift to less fertilizer‑intensive crops amid high fertilizer prices, driven by elevated energy costs and disruptions linked to the effective closure of the Strait of Hormuz.International palm oil prices rose for the fifth consecutive month in April, largely underpinned by prospective higher demand from the biofuel sector, supported by policy incentives in several producing countries and higher crude oil prices. Additional upward pressure stemmed from concerns over lower production in Southeast Asia in the coming months.The drop in April was mainly driven by expectations of ample global supplies in the current season, reinforced by improved production prospects in key Asian producing countries, notably China and Thailand. The onset of the new harvest in Brazil’s key southern growing regions under favourable weather conditions further contributed to the overall decline in international sugar prices. Continue reading...
Rolling coverage of the latest economic and financial newsLondon’s stock market is sliding at the start of trading.The FTSE 100 index has dropped by 67 points, or 0.65%, to 10,209 points.“We are actively managing the uncertainty created by the fuel price increase and its impact, taking the necessary action on yields, costs and capacity. We currently see no issues with fuel availability in our main markets, particularly as we benefit from our investment in fuel self-supply at our hubs.Whilst the impact of the higher fuel price will inevitably lead to lower profit this year than we originally anticipated, we are confident in our business model and strategy, which has made us one of the best-performing airline groups in the world, and which gives us the opportunity to prove our resilience. This confidence means we are on track to continue with the remaining €1 billion return of excess cash. Continue reading...
Next is planning "moderate" price increases this month as a closely-watched survey of companies reports the fastest rise in cost pressures for three-and-a-half years.
One of South Australia's main fishing zones will remain closed for another year to allow stocks to recover from the algal bloom, sparking concerns from fishers over their future and warnings of price increases for consumers.
BYD announced a 21% price increase for its DiPilot 300 assisted-driving system, raising the cost from 9,900 yuan to 12,000 yuan starting Friday. The company attributed the hike to sharp rises in global storage hardware costs. The system uses lidar sensors and memory chips, and analysts predict premium vehicles will be the next category hit hard by a memory chip 'super cycle', while mid-range models will bear the brunt as high-end buyers are less price-sensitive.
The Nex Playground, a motion-controlled gaming cube for kids, dropped to $239 during Amazon's gaming week sale through May 4th. The console recently increased from $249 to $299, making this discount the best available price currently, though not as low as previous $199 sales. Includes five games with more available through Play Pass subscription ($49 for three months or $89 annually). Reviewers found camera tracking impressive but occasionally disappointing with fast-moving children.
The US-Iran conflict is disrupting supply chains for ice cream and chocolate manufacturers in India, with key ingredients like dry fruits and nuts costing 15-22% more than pre-war levels. Companies including Naturals Ice Cream and Mother Dairy have already taken 10% price hikes, while Pascati Chocolates faces 75% higher hazelnut costs. Firms are reluctant to increase prices during peak summer season but warn margins are being squeezed.
Sony is offering the digital-only slim PS5 console for $399 on its direct-to-consumer site, a $200 discount compared to other retailers. The deal comes just weeks after Sony increased PS5 prices on April 2nd. The bundle includes the console, DualSense controller, power and HDMI cords, plus Fortnite cosmetics. Other deals featured include Fitbit Charge 6 at $109.95 and Sony InZone Buds at $178.
Governments around the world have introduced measures to limit the impact of price increases.
