FDP

• Fresh Del Monte Produce Inc. (NYSE: FDP) today announced the appointment of Ajai Puri, a seasoned expert with decades of experience in the food and beverage industry, to its board of directors, effective February 19, 2024.
• Puri has an extensive background in the food and beverage industry and years of global R&D, innovation, supply chain development, and consumer marketing experience,” said Mohammad Abu-Ghazaleh, Fresh Del Monte Chairman and Chief Executive Officer.
• Currently he is an active board member at Britannia Industries Ltd. (India), India’s largest independent food company; Olam Group Limited (Singapore), a leading global food and agriculture business; and IMI plc (U.K.), a specialist engineering and technology group.
• Additionally, Dr. Puri serves as a board member at privately-held Califia Farms LP, a leading plant-based milks company.

• SAN FRANCISCO, Dec. 11, 2023 /PRNewswire/ -- The Linux Foundation is excited to announce a significant milestone in the realm of storage technology with the release of the Software Enabled Flash (™) (SEF) Software Development Kit (SDK).
• The SDK is donated by KIOXIA – a major contributor to the Software-Enabled Flash project – KIOXIA's hardware and SDK launch marks a transformative moment for developers seeking unparalleled access to the creative potential of flash storage applications.
• The SEF project is thrilled to welcome KIOXIA's groundbreaking donation of the software-defined flash native SDK, empowering developers with unprecedented capabilities to craft custom and unique software for flash storage applications.
• "We are extremely happy to reach this milestone and release the software development kit to the Software-Enabled Flash project," said Eric Ries, Senior Vice President of the Memory and Storage Strategy Division for KIOXIA America, Inc. "This release now opens the way to new and innovative uses of flash for storage applications that leverage the creativity and inventiveness of the users, developers, and the open-source communities."

• View the full release here: https://www.businesswire.com/news/home/20231107168129/en/
  Fresh Del Monte & Arena Packaging Reusable Plastic Containers (RPCs) for bananas (Photo: Business Wire)
  With the introduction of RPCs, banana shipments now enjoy improved airflow and extended shelf life.
• "Making produce more sustainable for consumers, from the farms to the shelves, has always been a top priority for Fresh Del Monte.
• “Our collaboration with Fresh Del Monte Produce is set to redefine the entire process of packing, shipping, ripening, storing, and merchandising bananas.
• The Arena Banana RPC reduces the carbon footprint by 90% over a traditional corrugated banana carton.”
  Through this strategic collaboration and collective effort, Fresh Del Monte and Arena Packaging prove that businesses can achieve more when they work together.

• Slowly but surely, calls for a wealth tax to finance the green transition are picking up in Europe, with a number of initiatives from different political movements put the issue (back) on the political agenda.
• It found that a European tax on the 0.5% richest households would bring in 213 billion euros a year, anything but insignificant.
• This is all the more remarkable given the virtual disappearance of wealth taxes within the member states of the EU.

Ended in France, suspended in Germany

• To plug the budgetary hole, Macron replaced it with a tax on property wealth, the IFI.
• The impact of the change on reducing the tax exile rate or improving the country’s competitiveness remains unproven.

• As property was taxed less heavily than financial assets, the court asked Helmut Kohl’s government to revise the property values on which wealth tax was based.
• As the Kohl government chose not to do so, the tax was automatically suspended – though not abolished – on 1 January 1997.

An unlikely return to the national level

• In the two countries often described as the “engines of Europe”, the question of a return of capital taxation has frequently arisen.
• In Germany, all the left-wing parties put it on their manifesto at every legislative election, but with the exception of die Linke, none is taking action.
• Interviews we conducted with SPD and Green Party members of parliament between 2010 and 2016 show that the defence of wealth tax is just a façade.
• Although business assets have been excluded from the tax base, the tax was decried as a disguised corporate tax.

A European solution?

• By moving to the European level, the supporters of a wealth tax can bypass the criticism that individual nations’ firms are being weakened in European economic competition.
• It is certainly this dimension that has led France’s Ministry of Economics to keep open the possibility of a European wealth tax.
• If the European Citizens’ Initiative reaches the required number of signatures, it would enable supporters of the wealth tax to mobilise European public opinion.

Martin Baloge ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d'une organisation qui pourrait tirer profit de cet article, et n'a déclaré aucune autre affiliation que son organisme de recherche.