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Showing posts from October 3, 2011

Coffee in Retrospect: "Why Italy is Determined to Conquer Ethiopia"

Ethiopia exports coffee, hides and skins, and beeswax, chiefly to Great Britain and the United States. The largest imports are salt from French Somaliland, cheap cotton yarn and piece goods from Japan, India and England, and corrugated iron sheets from Belgium and England. It is alleged that cheap Japanese goods have recently captured an increasing share of Ethiopian market. To Mussolini, control of Ethiopia offers a tempting solution for many problems of Italy and its colonies. In the immediate situation the development of Ethiopia would benefit the Italian construction industries, and political control might enable Italy to displace Japan as the chief supplier of cotton goods to the Ethiopians. Acquisition of territory, by increasing Italy's place in the sun, would direct the attention of taxpayers away from their economic burdens. War would further speed up home industrial activity and eliminate unemployment. An armed conquest of Ethiopia, to which Fascist principles are by ...

Coffee firm Matthew Algie defies the downturn

BBC October 3, 2011 The UK's largest independent coffee roaster Matthew Algie has increased its profits despite a sharp rise in costs. The Glasgow-based company said it appeared that consumers were determined to allow themselves little luxuries. Matthew Algie imports coffee to its Glasgow roasting plant from around the world and said poor harvests particularly in Colombia had restricted supply and pushed up prices. The company sells coffee to hotels and retailers for their coffee shops. It counts Marks & Spencer, Sainsbury's, Gleneagles Hotel and the Houses of Parliament among its customers. The operating profit for the company in 2010 increased by 12% to £1.9m and turnover grew by 10% to £33.2m. Matthew Algie's chairman, Eric Hagman, said: "To have driven double-digit growth in both turnover and profits was a significant achievement for the Matthew Algie business in 2010. "This was achieved despite the ongoing economic...