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 US and Israel’s assassinations of Iranian leadership ended up bestowing martyrdom on those killed. Shias saw the deaths as a continuity of martyrdom from the Battle of Karbala.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
Indian Navy chief Admiral Dinesh Tripathi said that the ongoing conflict in West Asia illustrates that speed is no longer merely an enabler of warfare but a distinct capability.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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