Starbucks franchise operator in West Asia, North Africa confirmed layoffs as result of dip in sales affected by war in Gaza. McDonald’s & Unilever also saw sales decline in West, Southeast Asia.
Cipla, Dr Reddy’s Lab, Mondelez & Unilever lauded for transition to fourth industrial revolution using advanced technologies despite global challenges like Ukraine war & Covid.
Hindustan Unilever indicated that inflationary pressures were likely to persist, spooking investors. Its shares slipped 4% at the close of trading — the most since early May.
Facebook shares fell 8.3% Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the platform.
Companies across the world are investing millions in the fight against coronavirus. Unilever has announced distribution of soaps, sanitisers, bleach and food worth €100 million.
Glaxo rose 1.4 per cent in early trading in London. Unilever rose 0.6 per cent in Amsterdam.
Unilever agreed to acquire GlaxoSmithKline Plc’s Indian...
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
COMMENTS