Dutch brewer Heineken has said it will exit its business operations in Russia—a move the company expects will cost 400 million euros ($438 million). Heineken previously announced it was halting new investments and exports to Russia, as well as the production, sale, and advertising of the Heineken brand. The Amsterdam-headquartered company had also said it would…
Heineken Announces Exit From Russia, Expects to Lose 400 Million Euros
Heineken Warns Inflation Will Lead to Beer Price Increase
Heineken said on Feb. 16 that the CCP virus pandemic will affect its revenues for 2022, and that inflation and supply chain pressures are a significant factor. The world’s second largest brewer, whose brands also include Amstel, Tiger, and Moretti, joins its rival Carlsberg in sounding caution over inflationary pressures that threaten to hinder their…
New CEO to Cut 8,000 Jobs as Heineken Feels Pandemic Effect
BRUSSELS—Heineken plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion…
US News
Deprecated: implode(): Passing glue string after array is deprecated. Swap the parameters in /home/xtreme/public_html/wp-content/plugins/wp-rss-retriever/inc/lib/simplepie/library/SimplePie/Parse/Date.php on line 544
Deprecated: implode(): Passing glue string after array is deprecated. Swap the parameters in /home/xtreme/public_html/wp-content/plugins/wp-rss-retriever/inc/lib/simplepie/library/SimplePie/Parse/Date.php on line 545
- Mimi Nguyen LyThe U.S. Department of State on Monday said that independent investigators couldn’t clearly conclude the origin of the bullet that killed Al-Jazeera journalist Shireen Abu Akleh. The 51-year-old reporter for Al-Jazeera’s Arabic language channel died… [...]
- The Associated PressCHARLESTON, W.Va.—A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81… [...]
- Mimi Nguyen LyTwo police officers sustained injuries after they were shot in Philadelphia, Pennsylvania, during fireworks to celebrate the fourth of July, according to reports. The officers were sent to the Jefferson University… [...]
- The Associated PressRICHMOND, Va.—Amber Heard’s lawyers have asked a judge to throw out the $10.35 million verdict against her in the defamation case filed by ex-husband Johnny Depp, arguing that the verdict… [...]
- Masooma HaqNBA free agent Enes Kanter Freedom recently launched the Enes Kanter Freedom Foundation to help fight for religious liberty and human rights around the world. Freedom said it’s time to take… [...]
- Mimi Nguyen LyThe U.S. Coast Guard has rescued seven people after their vessel was struck by lightning off Florida. The incident took place about 100 miles offshore of Clearwater, Pinellas County. A four-person aircrew… [...]
- Caden PearsonCalifornia Gov. Gavin Newsom has granted a pardon to Sara Kruzan who spent 18 years in prison for murdering the man who trafficked her for sex as a teen. In… [...]
- Daniel Y. TengAustralia’s Foreign Minister Penny Wong has reaffirmed the country’s commitment to nuclear non-proliferation after a meeting with the head of the International Atomic Energy Agency (IAEA) on July 4. Rafael… [...]
- Gary BaiThe U.S.-Mexico border has become the world’s “deadliest” land crossing, according to data recently brought to light by a United Nations study. A historic high of 728 recorded immigrant deaths… [...]
- Bill PanThe City of Orlando, Florida, has apologized for its official message about the July 4 holiday that questioned why people would want to celebrate it at all. “A lot of people… [...]