World News

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Aldi To Expand Store Count, Logistics Footprint In Portugal

Aldi Nord is planning to boost its position in the Portuguese market, with the opening of a new distribution centre as well as a number of new outlets....

Italy's Newlat Food Has Offered Bid For Britain's Hovis: Source

Italy's Newlat Food has presented a preliminary, non-binding offer to buy Hovis, the 134-year-old British bread maker, a source with knowledge of the matte...

Walmart Sells Asda To Billionaire British Brothers And TDR For $8.8bn

The British billionaire Issa brothers and private equity group TDR Capital have agreed to buy the British supermarket chain Asda from Walmart for an enterp...

European Stocks Slide After Trump Tests Positive For COVID-19

European stocks slid on Friday after U.S. President Donald Trump tested positive for COVID-19, hitting equity markets globally. The pan-European STOXX 6...

Amazon Reports Over 19,000, Or 1.44%, Of US Frontline Employees Had COVID-19

Amazon.com Inc has said that more than 19,000 of its US frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought...

Conagra Profit Beats On Higher Ready Meal, Frozen Vegetables Demand

Conagra Brands Inc on Thursday reported better-than-expected profit and sales, as coronavirus-induced at-home eating trends boosted demand for its frozen v...

PepsiCo Sees Strong Annual Profit As Snacks, Sodas Thrive In Pandemic

PepsiCo Inc forecast full-year profit above expectations on Thursday after a rebound in soda sales and increased demand for snacks during the COVID-19...

Diageo Completes Acquisition Of Ryan Reynolds' Gin Brand

Drinks giant Diageo has completed the acquisition of Aviation American Gin, co-owned by Hollywood actor Ryan Reynolds, as well as the rest of the Davos Bra...