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Campbell Soup forecasts up to 7per cent sales growth on pandemic boost

Campbell Soup Co forecast current-quarter sales largely above market estimates after posting better-than-expected quarterly results on Thursday, boosted by higher demand for its Prego pasta sauces and Goldfish crackers.

Markets

Costa Coffee’s rejig plan to put 1,650 roles at risk

Costa Coffee, a unit of Coca-Cola Co , said on Thursday a plan to streamline its UK in-store structure in response to the coronavirus pandemic will put nearly 1,650 jobs at risk.

Markets

Blaze reined in on supertanker off Sri Lanka, cargo area intact

COLOMBO: A fire that broke out on a fully loaded supertanker off the east coast of Sri Lanka has been brought under control, spokesmen for the navy of the Indian Ocean nation said on Thursday (Sep 3), adding that one of its 23 crew was missing and another injured....

Markets

Facebook to halt new political ads just before US election

Facebook Inc said on Thursday it would stop accepting new political ads in the week before the U.S. presidential election in November, bowing to concern that its loose approach to free speech could once again be exploited to interfere with the vote.

Markets

VW-backed US battery maker QuantumScape to go public at US$3.3 billion valuation

QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG , said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp with an enterprise value of US$3.3 billion.

Markets

K-Pop band BTS to become multimillionaire shareholders with label’s IPO

Members of hugely popular South Korean K-Pop band BTS are expected to become multimillionaire shareholders after receiving shares in their label, Big Hit Entertainment, as it prepares an initial public offering (IPO) that could raise up to 962.6 billion won (US$811 million).

Markets

Next round of UK-US trade talks to being on September 8: UK minister

Britain will hold a new round of talks with the United States on a trade deal next week, junior trade minister Greg Hands said on Thursday, adding that the government talks to both sides of the U.S. political divide before this year's election.

Markets

China rails against ‘discriminatory’ India app ban

China on Thursday decried a fresh ban by India on scores of Chinese apps -- including the hit game PUBG -- as a bitter border showdown seeped out into the tech sphere.

Markets

Major crypto exchange Binance joins European blockchain industry group

Major cryptocurrency exchange Binance said on Thursday it was joining a European blockchain industry group, a move that comes as policymakers look at how to oversee the emerging digital ledger technology.

Markets

Amazon to create further 7,000 jobs in UK in 2020

Amazon will create a further 7,000 permanent jobs across the United Kingdom in 2020, taking total new jobs this year to 10,000, it said on Thursday.

Markets

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