Under investor pressure, Danone eyes more profit growth in 2018

By Dominique Vidalon PARIS, Feb 16 : Food group Danone said on Friday it would accelerate sales growth this year and deliver a further rise in profits as it seeks to respond to pressure from investors. Danone, the world’s largest yoghurt maker, reported overall 2017 earnings that slightly beat expectations, with solid demand for baby […]

Berlin urban farm-in-a-box raises $25 mln for European expansion

By Eric Auchard FRANKFURT, Feb 5 :Berlin-based urban farming start-up Infarm has raised $25 million to expand its indoor growing system – a soil-less technology better known for furtively growing marijuana – into major supermarket chains and restaurants across Europe. The company, founded by three Israeli filmmakers-turned-entrepreneurs, plans to use the funds to roll out […]

Demand falls in holiday week, Vietnam’s 2017 exports down

By Mi Nguyen Dec 28 : – Major Asian coffee markets were quiet on low demand during the Christmas holiday, traders said, while Vietnam’s total coffee exports were estimated to fall this year. The Vietnam government said on Wednesday coffee exports were likely to drop 20.1 percent from a year earlier to 1.4 million tonnes. […]

PepsiCo makes biggest public pre-order of Tesla Semis: 100 trucks

By Eric M. Johnson SEATTLE, Dec 12 : PepsiCo Inc has reserved 100 of Tesla Inc’s new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. Tesla has been trying […]

China’s budding coffee culture propels Starbucks, attracts rivals

By Adam Jourdan and Lisa Baertlein SHANGHAI/LOS ANGELES, Dec 5 : In Wu Qiong’s small cafe in downtown Shanghai, coffee beans nestle in glass jars on the bar while various brews bubble away behind the counter. The cafe – one of thousands of trendy, artisan coffee shops in the city – reflects a growing cafe […]