BERLIN (AP) — The co-leader of German Chancellor Olaf Scholz’s party said Monday that former Chancellor Gerhard Schroeder, whose ties to the Russian energy industry have left him increasingly isolated at home, should leave the party. Saskia Esken, one of two co-leaders of Scholz’s center-left Social Democrats, said in an interview with Deutschlandfunk radio that…
By Uday Sampath Kumar and Praveen Paramasivam (Reuters) -Coca-Cola Co warned on Monday consumer demand could slow as rampant inflation shows no sign of cooling and said it was focusing on more affordable and refillable glass bottles in markets facing the biggest pinch from price increases. Demand for sodas and other packaged foods has so…
By Howard Schneider (Reuters) – Worker demands for more flexibility and security, bolstered by the pandemic and a tight labor market, are only growing more intense as the world economy reopens and some firms begin trying to pull employees back to offices, payroll provider ADP reported in a survey of nearly 33,000 people worldwide. The…
General Motors says it will offer an electrified Chevrolet Corvette as early as next year. President Mark Reuss said in a statement on LinkedIn Monday that the automaker will also sell a fully electric Corvette sometime in the future. An electrified vehicle generally means a gas-electric hybrid or a plug-in rechargeable hybrid, but more details…
(Reuters) – Twitter Inc is set to agree to Elon Musk’s $43 billion takeover bid, his “best and final” offer for the social media company, people familiar with the matter said. Earlier in April, the social media company had adopted a “poison pill” to protect itself from Musk’s $54.20 per share offer, which followed days…
By Simon Jessop and Brenna Hughes Neghaiwi ZURICH (Reuters) – A group of Credit Suisse investors pushing for faster climate action at the Swiss bank has more than doubled in size, raising pressure on its board ahead of its annual shareholder meeting on Friday. Credit Suisse, along with other major banks, is under pressure from…
OMAHA, Neb. (AP) — The world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time. Buffett, Berkshire Hathaway’s CEO, held the lunch auction once a year for 20 years before the pandemic began to…
(Reuters) -Mondelez International Inc said on Monday it would buy breadmaker Grupo Bimbo’s confectionery business, Ricolino, for around $1.3 billion, as the Toblerone chocolate maker plans to expand in Mexico. Several U.S. packaged food makers have been making big acquisitions in recent months as they strive to keep sales levels elevated after seeing demand skyrocket…
(Reuters) -Mondelez International Inc said on Monday it would buy Grupo Bimbo’s confectionery business, Ricolino, for around $1.3 billion, as the Toblerone chocolate maker plans to expand in Mexico. The acquisition will double the size of Mondelez Mexico’s business and provides an attractive entry point into the chocolate category, the U.S. firm said. Ricolino brought…
By Alex Lawler LONDON (Reuters) -Oil slumped nearly 5% to its lowest in almost two weeks on Monday, extending last week’s decline as concern grew that prolonged COVID-19 lockdowns in Shanghai and potential increases to U.S. interest rates would hurt global growth and oil demand. In Shanghai, authorities have erected fences outside residential buildings, sparking…
