PepsiCo Inc. beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pandemic-induced disruptions to the global supply chain and runaway inflation have sent costs soaring on everything from aluminum cans to labor and shipping,…
PepsiCo Raises Revenue Forecast on Boost From Price Increases
April 27, 2022
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Bride With Terminal Cancer Has Beautiful Wedding
Even though their future was uncertain, they chose love and commitment. …
EU Says Its Rules Apply to All Online Platforms, ‘Mr Musk Knows This Well’
April 27, 2022
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Business & EconomyCompanieseconomyElon MuskEU digital rulesEuropeSocial MediaTechTech NewsTwitterWorld
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AMSTERDAM—The European Commission said on Tuesday it was too early to comment on the deal Tesla Chief Executive Elon Musk has struck to buy social media site Twitter but recalled that the bloc’s digital services rules apply to all major platforms. “Our Digital Services Act applies to all major platforms, to ensure their power over…
Swiss Gold Exports to the United States Rocketed in March
LONDON—Swiss shipments of gold to the United States surged in March to their highest since May 2020, Swiss customs data showed, as investors spooked by Russia’s invasion of Ukraine and the threat of a global economic slowdown stocked up on bullion. Switzerland’s exports to Britain, which like the United States is a centre for gold…
Walgreens, Teva Accused of Fueling Opioid Addiction in Quest for New Markets
Walgreens Boots Alliance and Teva Pharmaceutical Industries Ltd. ignored the health risks when they created new markets for opioids, a lawyer for the city of San Francisco told a judge on Monday during opening statements of the first trial to target manufacturers, distributors, and pharmacies over the addictive pain medicines. Richard Heimann, a lawyer for…
Hunger Grips Burkina Faso Due to Increasing Jihadi Violence
OUAGADOUGOU, Burkina Faso—Martine Roamba’s 10-month-old daughter weakly tugs at her mother’s breast searching for milk. The malnourished baby has been struggling to feed since birth as her mother hasn’t had enough to eat to produce sufficient breastmilk since fleeing her village in northern Burkina Faso last year when jihadis started killing people. Seated on a…
Japan Jobless Rate Hits Lowest in Almost 2 Years, Economic Outlook Still Shaky
TOKYO—Japan’s jobless rate unexpectedly fell to 2.6 percent in March, hitting the lowest rate since April 2020, although the number of furloughed workers remained high due to effects of the pandemic, official data showed on Tuesday. The world’s third-biggest economy has been struggling to drive a sure-footed recovery from the COVID-19 pandemic, with the Ukraine…
Global Airline Capacity Hits 2022 High as China Demand Rebounds: OAG
Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia’s biggest aviation market, travel data firm OAG said on Tuesday. Asian jet fuel refining margins, which have more than doubled in the past two months, were at $30.04 a…
India Says Tesla Should Not Import Cars From China for Domestic Sale
NEW DELHI—U.S. electric vehicle maker Tesla Inc. is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China, the transport minister said on Tuesday. “Making in China and selling here is not a good proposition,” the minister, Nitin Gadkari, said during a government…
Second Ebola Patient Dies in Northwestern Congo, WHO Says
NAIROBI, Kenya—A second Ebola patient has died in northwestern Democratic Republic of Congo, the World Health Organization (WHO) said on Tuesday, days into a fresh outbreak of the deadly disease. Genetic testing showed an infection confirmed last week in the city of Mbandaka was a new “spillover event”, a transmission from an infected animal, and…
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