US-based confectionery company Mondelez International has committed to source 100% cage-free eggs in the US and Canada by 2020 and in Europe by 2025. The commitment comes after years of responsible sourcing and sustainable practices that ...
Tags: cage-free eggs, eggs
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
China's latest efforts to stimulate its economy by deepening structural reform will produce rich "dividends" shared within China's borders and across the world. While the effectiveness of traditional demand-side policy support lessens, ...
Tags: Structural Reform, PRO-growth
Swiss food company Nestle has committed to use only cage-free eggs for its US food products by 2020. With this decision, the packaged food company has joined companies like Kellogg, McDonalds, Subway and Dunkin' Donuts, who have already ...
Tags: Nestle, cage-free eggs, Food
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
The World Trade Organisation (WTO) has ruled that Canada and Mexico could impose tariffs worth $1bn on goods from the US in response to the latter's COOL law. The global trade body stated that the US meat labelling law is ...
Tags: meat labelling law, livestock
London-based Diageo and Dutch firm Heineken plan to exchange brewing assets in emerging markets, a move which will help Diageo generate a profit of £440m ($671m). Diageo is divesting its stakes in its joint ventures in Jamaica and ...
Japanese company Spread plans to construct a large fully automated vegetable factory capable of producing 30,000 heads of lettuce per day, according to a recent company statement. The Kyoto based company will start constructions on the ...
Tags: LED grow lights, Spread, vegetable factory
Hostess Brands, which is known for its snack cakes, is expanding into breads and buns category with an aim to offer one-stop shopping for convenience and discount stores that sell its products. This move comes after the company came up ...
Tags: Hostess, snack cakes, breads
MillerCoors is closing its brewery in Eden, North Carolina due to sales decline as there has been a visible shift in consumer preferences from mainstream beer to crafts beer. The Eden brewery was the first to brew Miller Genuine Draft. ...
Tags: MillerCoors, crafts beer, brewery
The worldwide smartphone market will grow in the coming years, but new research suggests its meteoric rise over the past several years will start to slow over sluggishness in China. Smartphone shipments will rise 10.4 percent in 2015 to ...
Tags: smartphone, Android, LTE
Foot Locker Inc. reported net income for the company's second quarter ended August 1, 2015 was $119 million, or 84 cents per share, compared with net income of $92 million, or 63 cents per share, last year, a 33 percent increase on a ...
Tags: Foot Locker, athletic industry
U.S. specialty jewelry store sales fell 4.4 percent year on year to $2.703 billion in May, according to the latest government calculations. The decline was noticeable considering that preliminary sales of jewelry and watches across all ...
Tags: jewelry, watch sales
US automotive giant General Motors (GM) will join forces with its Chinese partner Shanghai Automotive Industry (SAIC) to develop a line of Chevrolet vehicles to cater to fast-growing emerging markets, pumping in $5bn over the next several ...
Tags: General Motors, Automotive