Analysis: Russia prepares to seize western firms looking to leave
Russia is advancing a new law allowing it to take control of the local businesses of western companies that decide to leave in the wake of Moscow’s invasion of Ukraine, raising the stakes for multinationals trying to exit.
S.Korean Naver’s robotics ambitions challenged by 5G on-the-ground realities
On weekdays, South Korean tech company Naver Corp’s (035420.KS) new headquarters near Seoul resembles a scene straight out of a science-fiction movie, with some 40 robots ambling across floors and delivering parcels and Starbucks coffee to humans.
McDonald’s, Coca-Cola, Pepsi, and Starbucks have all halted their operations in Russia
The conflict between Russia and Ukraine has been a cause of tension for the global economy. Russia has always been a major exporter of natural gas, oil, and coal. The majority of Europe’s energy comes from its eastern neighbor. However, following Russia’s invasion of Ukraine, big international food and beverage companies are pulling out. Mc […]
Analysis: Jabs for jobs: U.S. vaccine mandates offer bargaining chip for worker rights
U.S. vaccine mandates are giving workers greater negotiating power, experts say, as the threat of strikes and collective action wins concessions for workers pummeled by the pandemic.
Nestle and Starbucks extend partnership to ready-to-drink coffee
Food giant Nestle (NESN.S) and U.S. coffee chain Starbucks (SBUX.O) are extending their partnership to launch ready-to-drink coffee beverages in markets across Southeast Asia, Oceania and Latin America, the two partners said.
Italy’s Ali Group hungry for bigger slice of U.S. fast-food market
Italian family business Ali Group expects its planned takeover of U.S. catering equipment rival Welbilt to boost sales as Americans’ appetite for takeaways and meal delivery drives a resurgent U.S. fast-food market, the company told Reuters.
Starbucks set to brew record second-quarter revenue as vaccinations rise
After a year of declining sales, Starbucks Corp (SBUX.O) on Tuesday is expected to report record second-quarter revenue of over $6.8 billion, as speedy vaccinations in the United States and China make customers more comfortable with returning to their morning coffee runs. The world’s largest coffee chain was plagued in 2020 by falling store traffic, as rising […]
