Business

Pepsi cuts jobs, boosts marketing chasing Coke

09/02 17:02 CET

PepsiCo says it expects to cut 8,700 jobs over the next three years. That is part of a plan to save the equivalent of an extra 1.1 billion euros. As it reported better-than-expected quarterly profit PepsiCo said earnings this year would be down as it spends more on…

09/02 17:02 CET
ECB noncommittal on helping Greece

A Greek debt deal came just as European Central Bank President Mario Draghi started his news conference following the Bank’s monthly…
09/02 14:49 CET
Southern Europe hanging up on Vodafone

Vodafone’s revenue for the final three months of 2011 came in lower than expected. It blamed increasingly difficult conditions in…
09/02 14:49 CET
Costlier food boosts Chinese inflation

China’s inflation rate spiked in January after having fallen for the previous five months. It was up by 4.5 percent from January last…
08/02 18:58 CET
Greece heading for the Grexit?

After so many broken promises on reforms from Athens, some of its international lenders — those handing out the bailout money —…
08/02 15:52 CET
Winter freeze boosts food prices

The severe winter weather battering Europe is pushing up the cost of food, creating difficulties for growers. European wheat prices hit an…
07/02 18:20 CET
Complex path to Greek bailout agreement

For Greece to avoid a so-called uncontrolled default on its debts a massively complicated web of agreements still has to come together…

Editor’s Choice

02/02 15:41 CET

Facebook to sell shares, but Zuckerberg stay in control

As Facebook’s boss Mark Zuckerberg unveiled plans for the biggest ever initial public offering of shares by an internet company he…

07/02 15:54 CET
Some shareholders baulk at Glencore-Xstrata merger

No sooner was the biggest ever merger in the mining sector announced than it met opposition. Miner Xstrata is to be taken over by…
07/02 14:17 CET
Upbeat forecast from Toyota

Toyota, Japan’s biggest carmaker, has said it sees its full-year profit being much better than it had previously predicted. That is…
07/02 14:16 CET
Gloomy outlook from UBS

Swiss bank UBS says a restructuring of its investment banking business had failed to give it the improvements hoped for. That division have…
07/02 14:16 CET
Big chill boosts European energy prices

European energy prices have shot up on a combination of bitterly cold weather across the region and Iran’s talk of banning oil exports…
06/02 18:58 CET
Boeing plays down 787 delamination problem

Boeing’s shares slipped on Monday after the US planemaker said it will have to correct a fuselage problem on some of its 787…