PepsiCo vows to cut soda sugar levels by 25% in EU by 2025
PepsiCo Inc (PEP.O) said on Thursday it plans to reduce sugar content in sodas and iced teas by a fourth in the European Union and launch more nutritious snacks by 2025, to attract more health-conscious consumers in its second-biggest market.
U.S. pending home sales unexpectedly rise in May
Contracts to purchase previously owned U.S. homes rose by the most in 11 months in May driven by a decline in mortgage rates as well as an uptick in listings.
Tesco’s UK sales growth slows as pandemic restrictions ease
Tesco’s (TSCO.L) sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.
Analysis: Biden may hinder oil and gas drilling even after court loss
U.S. President Joe Biden’s administration has the power to stymie oil and gas development on government-controlled lands and waters, industry and environmental experts said, even though a court decision ended his freeze on federal drilling auctions.
China’s factory output, retail sales miss expectations in May
BEIJING, June 16 (Reuters) – Growth in China’s factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country’s southern export powerhouse of Guangdong. Retail sales and investment growth also came in below market expectations, but analysts say underlying activity still looks quite solid, […]
Japan to avoid recession, but Q2 growth forecasts cut sharply
Japan’s economy likely grew and avoided slipping into recession this quarter but an extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook, a Reuters poll showed.
Airbus, Air France want EU green funds used for jet incentives – documents
Airbus (AIR.PA) and Air France-KLM (AIRF.PA) have urged policymakers to use EU-backed green stimulus funds to support aircraft sales, according to documents released on Thursday by InfluenceMap, an investor-led climate lobbying watchdog.
Australia business activity climbs to fresh highs in May-survey
A measure of Australian business conditions extended its blistering run to reach all-time highs in May with sales, profits and employment all up strongly, a sign the economy has the momentum to cope with a coronavirus lockdown in Victoria.
Analysis: Market for U.S. oil acreage booms along with crude price recovery
A recovery in the price of oil to more than two-year highs is offering a long-awaited opening to companies and private equity firms to shed unloved assets in the U.S. oil patch.
Costco beats revenue estimates as restrictions ease
Membership-only retail chain Costco Wholesale Corp (COST.O) reported quarterly revenue on Thursday that beat analysts’ estimates and said it was optimistic about sustained demand for high-margin items, such as jewelry and home furnishings.
