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Business Brief

Sugar price-fixing probe in Europe

Topics of this edition - 18.05.2013

Sugar price-fixing probe in Europe

European consumers may have been paying too much for sugar for years. The European Commission has launched a probe of several European producers believed to have colluded on prices. Investigators raided the offices of major sugar producers at the end of April.

Booming housing market in Arizona

Housing prices in Arizona have risen between 25 to 30 percent over the last year. At 30 percent annual growth in value, houses are popular with financial investors again. And they can pay cash outright, leaving many private homebuyers out in the cold.

Nuns help victims of Spanish economic crisis

As unemployment continues to rise in Spain, more and more people are struggling to pay their bills. State assistance is not enough for many, so they are turning to food banks for help. One convent in northern Spain has been providing assistance since 2008.

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