Sweet Earth’s Awesome Burger Source: Sweet Earth Nestle is looking to take a bite of the growing U.S. plant-based burger market. Through its Sweet Earth brand, which it acquired in 2017, the global food giant will launch its Awesome Burger in the fall. The vegan meat substitute will be available […]
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Chipotle says Mexican tariffs could boost costs by $15 million this year
After warning that President Donald Trump’s proposed tariffs on Mexican imports could boost its costs if enacted, Chipotle Mexican Grill is breaking down just what that might look like for the brand. Chipotle told CNBC that if enacted, the tariffs could increase costs by about $15 million in 2019 and […]
Altria invests $372 million in Swiss tobacco company Burger Sohne as cigarette sales fall
On! is a brand of oral tobacco-derived nicotine pouches. Source: On! Altria is taking an 80% stake in the global business of Swiss tobacco company Burger Sohne for $372 million, the companies said Monday. As part of the deal, Altria will provide global distribution for Burger Sohne’s oral nicotine pouches […]
5 injured in Venice as cruise ship slams into tourist boat
A towering, out-of-control cruise ship rammed into a dock and a tourist riverboat on a busy Venice canal on Sunday morning, injuring five people, officials said. The collision sparked new calls for placing restrictions on cruise ships in the famed city. The crash happened about 8:30 a.m. (0630 GMT) on […]
US-UK ties on ‘shaky ground’ as Trump arrives for three-day visit
U.S. President Donald Trump (R) and British Prime Minister Theresa May (L) Alex Wong | Getty Images President Donald Trump‘s first state visit to Britain comes fraught with the possibility of diplomatic peril, with a Conservative Party leadership contest as well as differences over Huawei and Iran likely to test […]
Trump blasts London Mayor Sadiq Khan on UK trip: ‘He is a stone cold loser’
Donald Trump (l) and London Mayor Sadiq Khan (r). Getty Images President Donald Trump fired back a fiercely-worded response to London Mayor Sadiq Khan on Monday morning, in an escalating war of words at the start of the U.S. president’s official state visit to the U.K. Building on comments to […]
Goldman Sachs is predicting an escalation of global trade wars
Goldman Sachs has revised up its expectations of an escalation to U.S. trade wars with China and Mexico. There is now a 60% chance of the U.S. placing a new 10% tariff on the final $300 billion of Chinese imports, a note from the Wall Street investment bank said Monday. […]
Dow futures fall nearly 100 points after China blames US for trade war, Alphabet shares drop
U.S. stock index futures fell on Monday, the first trading day of June, after China’s rhetoric on U.S. trade relationship intensified over the weekend. At around 6:52 a.m. ET, Dow Jones Industrial Average futures slipped 93 points, indicating a drop of 95 points at the open. Futures on the S&P 500 and Nasdaq 100 […]
No country in the world meets the mark on gender equality — these are the best and worst performers
As many as 40% of the world’s female population live in countries that fail to meet the mark on basic measures of gender equality, while a further 40% face substandard equality conditions. That’s according to a new report released Monday by Equal Measures 2030, which found that 2.8 billion women […]
A US-China trade deal isn’t likely at the G-20 summit this month, JP Morgan and Morgan Stanley say
Chinese President Xi Jinping and U.S. President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017. Fred Dufour | AFP | Getty Images As the U.S.-China tariff battle increasingly heats up, analysts from J.P. Morgan and Morgan Stanley say it’s […]