Category: Business

Cargill to challenge Beyond Meat, Impossible Foods with new plant-based burger

Cargill Inc will launch plant-based hamburger patties and ground “fake meat” products in April, the company said on Monday, challenging Beyond Meat and Impossible Foods for sales in grocery stores, cafeterias and restaurants. The entry of Cargill, one the world’s largest privately held companies, in the market for imitation meat highlights the growing popularity of […]

PepsiCo buys Chinese snack brand Be & Cheery for $705 million

PepsiCo Inc (PEP.O) has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd (002582.SZ) for $705 million, the companies said. The U.S. multinational food and beverage maker said the acquisition of Be & Cheery, which sells snacks from nuts to dried fruits mainly on Chinese e-commerce […]

Some Samsung, Hyundai workers self-quarantine as Korea Inc braces for virus impact

Some South Korean workers at Samsung Electronics (005930.KS) and Hyundai Motor (005380.KS) are staying home as a precautionary measure as corporate Korea scrambles to prevent the coronavirus outbreak from causing widespread disruption in its home market. The country’s third-largest conglomerate SK Group, which controls memory chip maker SK Hynix (000660.KS) and mobile carrier SK Telecom […]

Coronavirus concerns spur odd market moves

Some asset prices are moving together in unusual ways, an indication that investors may be preparing their portfolios for a coronavirus-led global slowdown. U.S. stocks, gold, Treasuries and the dollar have all risen in 2020 alongside persistent concerns over the outbreak’s economic fallout. Such synchronous moves are not typical, as investors usually have different reasons […]

Amazon in Holocaust row about ‘Hunters’ series, anti-Semitic books

The Auschwitz Memorial criticized Amazon on Sunday for fictitious depictions of the Holocaust in its Prime series “Hunters” and for selling books of Nazi propaganda. Seventy-five years after the liberation of the Nazi German Auschwitz death camp by Soviet troops, world leaders and activists have called for action against rising anti-Semitism. “Hunters”, released on Friday […]

Ex-Facebook executive starts group to help employees push companies on climate

Facebook’s former sustainability chief has launched an organization to help employees at big companies press their bosses for more aggressive policies to fight climate change. Hundreds of companies have committed to reducing emissions in their own operations to be in line with the 2015 Paris Agreement, in which governments aim to limit global warming to […]

Italy’s UniCredit says Mustier to stay on as CEO

Italy’s biggest bank UniCredit (CRDI.MI) said on Monday boss Jean Pierre Mustier had confirmed he would remain in his role, after a source said that the French banker had ruled himself out for the top job at rival HSBC (HSBA.L). UniCredit shares came under pressure last week after media reports that said Mustier, 59, was […]