ZURICH: Nestle has agreed to sell its US ice cream business to Froneri, moving US control of brands including Haagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at US$4 billion. The deal, announced on Wednesday (Dec 11), adds the company's...
BERLIN: Chinese telecom giant Huawei on Wednesday (Dec 11) won a contract to supply 5G infrastructure in Germany but the politically sensitive deal is subject to government approval following US concerns about snooping. Telefonica Germany, the second biggest operator after Deutsche Telekom, said ...
Nestle has agreed to sell its U.S. ice cream business to Froneri, moving U.S. control of brands including Häagen-Dazs to the joint venture the Swiss group set up in 2016 with PAI Partners in a deal valued at US$4 billion.
WASHINGTON: In an essay published posthumously on Wednesday (Dec 11), revered former Federal Reserve chief Paul Volcker issued a dire warning about of the rise of "nihilistic forces" in the era of President Donald Trump. Volcker, who slayed the US inflation dragon in the 1980s, bemoaned Trump's ...
Amazon.com Inc van drivers' on-time delivery rate declined in the week of record Cyber Monday orders, as severe winter weather strained the U.S. shipping network, consulting firm ShipMatrix said on Wednesday.
Walt Disney Co's Disney+ has been downloaded 22 million times on mobile devices since the launch of the streaming service in November, according to a report by research firm Apptopia.
Toyota Motor Corp on Wednesday said its North America chief executive, Jim Lentz, would retire on April 1, and tasked the unit's chief operating officer, Tetsuo "Ted" Ogawa, with navigating an industry shift to electrification and automation.
Tariffs slapped by China on U.S. products cost the most affected communities billions of dollars in lost auto sales in 2018 as the hit to local incomes undercut household spending, according to an analysis released on Wednesday by the National Bureau of Economic Research.
The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its final policy meeting of the year on Wednesday.
WASHINGTON: US consumer prices increased solidly in November, which together with labour market strength could support the Federal Reserve's intention not to cut interest rates again in the near term after reducing borrowing costs three times this year. The report from the Labor Department on ...
