A company owned by Asia’s richest person has agreed to open Pret A Manger coffee and sandwich shops across India. Under a franchise deal, the chain will be administered by a unit of Mukesh Ambani’s Reliance Industries. It is Reliance Brands’ first foray into the country’s expanding food and beverage business. The company also owns…
Toyota Motor Corp revealed its first mass-market hybrid automobile for India, a sport utility vehicle (SUV), on Friday, establishing a new path for the Japanese automaker in one of the world’s fastest-growing car markets. The Toyota Urban Cruiser Hyryder SUV, the first vehicle produced as part of a global alliance with Suzuki Motor Corp, will…
Bitcoin temporarily dipped below $19,000 on Thursday, as the world’s largest digital currency remains under pressure from macroeconomic concerns and a liquidity crisis among high-profile cryptocurrency firms. According to CoinDesk data, Bitcoin was trading at $19,143.50 at 6:10 a.m. ET, down 4 per cent from the previous day. The digital currency is down over 58…
Unilever announced the sale of Ben & Jerry’s ice cream operations in Israel. Avi Zinger’s American Quality Products already sells Ben & Jerry’s ice cream in the United States. The move will save the company from having to discontinue ice cream sales in Israel. Unilever announced a deal that will allow its Ben & Jerry’s…
A consortium of ten European consumer organisations is suing Google over the company’s account sign-up process. A Google account is required to use many of Google’s goods and services. The organisation, however, claims that the sign-up process leads users toward options that capture more data. Google told the BBC that it appreciated the opportunity to…
H&M, the budget apparel retailer, said on Wednesday that it plans to raise prices further this year after announcing forecast-beating profits with margins boosted by fewer discounts. H&M boosted prices in the first half of the year in response to higher transportation and raw material costs, and Chief Executive Officer Helena Helmersson told Reuters that…
The global shortfall of semiconductor chips will endure through this year and into 2023, according to the CEO of premium German carmaker Mercedes-Benz. “The semiconductor situation is very present and will be a challenge for the industry throughout this year and into next year,”CEO Ola Kaellenius said at the Reuters Automotive Europe conference in Munich.…
In the United Kingdom, the term “electric vehicle” brings up visions of a Tesla or another similar car, but in Asia, the war for EV dominance is being fought on motorcycles. When you visit most Asian countries, you’ll notice that motorcycles swarm and buzz around everywhere. It’s not uncommon to see a two-wheeler carrying a…
In a pricing disagreement, Kraft Heinz, the business behind some of the UK’s most popular food brands, has ceased providing Tesco with most of its products. “We’re sorry that this means some products aren’t available right now,” a Tesco spokesperson said. Baked beans, ketchup, and tomato soup are among the products that have been identified…
Airbnb Inc announced on Tuesday that it will make its ban on parties in houses listed on its site permanent, citing a significant decrease in reports of unauthorised gatherings since the ban was implemented in August 2020. Since instituting the strategy, the corporation has reported a 44 percent year-over-year decrease in the rate of party…
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