DIRS.INFO The most relevant business & tech news

The terrorist attacks by Hamas against Israelis, in particular, were triggering for her, she said. “I understand that there has been a fight between the two for years and years,” said Ms. Lucas, 58. They could not condone terrorist attacks, they said, but sympathized with Palestinians and what they see as the long discrimination they have endured. “There are times when I sit in the middle, because I can see both sides of it,” Janet Lucas said. “And then I also think, is there another way, could the United States or any other country get involved to help them to come to some form of peace?”

Persons: Randy Schmidt, Mr, Schmidt, Trump’s, “, ” Mr, “ It’s, Janet Lucas, ”, Lucas, Michael, ” Janet Lucas Locations: Wisconsin, Lone Rock, Wis, Richland County, Israel, Milwaukee, East, Ukraine, Brookfield, Tampa, Fla, United States

☆ What to Know About the Link Between Red Meat and Type 2 Diabetes
▼ + stars: | 2023-10-20 | by ( Knvul Sheikh | ) www.nytimes.com time to read: +2 min

The study does not show that eating red meat directly causes Type 2 diabetes; it only shows an association between how much red meat you eat and your risk of disease. But the study’s findings echo other research that raises concerns about eating large amounts of red meat, and suggest that dietary changes could make an impact. Why might red meat be harmful to your health? “Red meat has pros and cons,” said Dr. Ruchi Mathur, an endocrinologist at Cedars-Sinai in Los Angeles who was not involved in the study. But red meat is also high in saturated fat, and “depending on the processing, can be high in sodium and preservatives,” Dr. Mathur said.

Persons: —, ”, Ruchi Mathur, Dr, Mathur Locations: Cedars, Sinai, Los Angeles

☆ ‘Toddler milk’ has no nutritional benefits, American Academy of Pediatrics reports
▼ + stars: | 2023-10-20 | by ( Jocelyn Solis-Moreira | ) edition.cnn.com time to read: +6 min

So, when Kelly Henchel’s child was close to reaching toddler age in 1998, she wanted to know more about this new toddler milk product. Toddler milk is not the same as infant milk, Ferry said, nor is it necessary for this age group. Research shows many mothers — especially those of Black and Hispanic populations — believe toddler milk is more nutritious than cow’s milk, according to a May study in Nutrition Reviews. Unlike infant formula, the US Food and Drug Administration does not regulate toddler milk. Additionally, toddler milk products will not be nutritionally complete.

Persons: Kelly Henchel’s, ”, Ferry, Abbott, ” Henchel, George Fuchs, Fuchs, Henchel, “, ” Fuchs, Jocelyn Solis, Moreira Organizations: CNN, Johns Hopkins, American Academy of Pediatrics, Pediatrix, AAP, Abbott Nutrition, World Health Organization, WHO, Nutrition, Public Health Nutrition, US Food and Drug Administration Locations: Florida, New York

☆ Analysis: Bumper US corn harvest sinks prices, pushes global supply to surplus
▼ + stars: | 2023-10-19 | by ( Mark Weinraub | ) www.reuters.com time to read: +5 min

A bumper harvest will strain storage capacity and hold down prices of the world's most traded commodity crop. Already corn prices are trending near three-year lows at a time when some food prices are rising due to tight supplies of other staples like rice, stoking inflation worries. Just 16 months ago corn prices were at their highest in a decade as the war in Ukraine disrupted supplies from the Black Sea breadbasket. USDA forecast that domestic corn supplies would jump 55% to 2.111 billion bushels in the 2023/24 marketing year, helping push the global stockpile to a five-year high by September 2024. Some growers need to take out loans to fund their operations as they wait and hope corn prices will rise.

Persons: Shannon Stapleton, Steve Pitstick, Pitstick, Stephen Nicholson, Bill Roenigk, Harold Wolle, Wolle, Tom Polansek, Caroline Stauffer, David Gregorio Our Organizations: REUTERS, U.S . Agriculture Department, Brazil, Rabobank, Corn, Maine Foods, U.S, Growers, Thomson Locations: Kelley , Iowa, U.S, PARK , Illinois, Chicago, Illinois, Ukraine, Cal

☆ Common contaminants linked to accelerated weight gain in children
▼ + stars: | 2023-10-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

The research network aims to examine the lifetime impact of exposure in the womb to chemical contaminants in air, water and food. Both DDT and HCB contamination in people occurs “mainly through bioaccumulation in the food chain via fish, fish products, meat (and) dairy products,” Montazeri said. The July 2022 report also found PFAS exposure was sufficiently associated with decreased infant and fetal growth as well as decreased antibody response to vaccines in both adults and children. Pregnant people can take steps to reduce their exposure to various chemicals in commercial products, food and water. “Phthalates and phenols come from plastics and personal care products,” Montazeri said.

Persons: ”, Parisa Montazeri, “, Montazeri, Leonardo Trasande, HCB, ” Montazeri, Trasande Organizations: CNN, Barcelona Institute, Global Health, BMI, NYU Langone Health, Environmental, US Centers for Disease Control, CDC, US Environmental Protection Agency, National Academies of Sciences, Engineering, Medicine, Getty, NYU’s Grossman School of Medicine, National Sanitation Foundation Locations: Spain, United States, PFAS

☆ Red meat linked to risk of type 2 diabetes, study finds
▼ + stars: | 2023-10-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

I hope our study could settle the debate regarding whether we should limit red meat intake for health concerns or not.”Eating certain amounts of red meat has been linked with higher risk of developing type 2 diabetes. The authors studied 216,695 people who had participated in the Nurses’ Health Study, the Nurses’ Health Study II and the Health Professionals Follow-up Study, all of which recruited participants from around 1976 to 1989. Eating the most processed or unprocessed red meat was linked with a 51% and 40% higher risk of type 2 diabetes, respectively. But multiple biological factors could have affected the relationship between red meat and type 2 diabetes, the authors said. “Consistently reported, dairy, legumes and nuts are the best foods with which to replace the red meat,” she added.

Persons: ”, Xiao Gu, ” Gu, White, Alice Lichtenstein, Gershoff, Lichtenstein wasn’t, Lichtenstein, Gunter Kuhnle, wasn’t, “, Walter C, Willett, Harvard T.H, Gu Organizations: CNN, Harvard, American, Clinical Nutrition, of Public Health, Nurses, Health, NHS, Nutrition Science, Tufts University, Nutrition Laboratory, University of Reading Locations: Chan, North America, Boston

☆ Mediterranean diet and exercise reduce dangerous belly fat, study says
▼ + stars: | 2023-10-18 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +7 min

In addition to a loss of overall body fat, participants in the study lost dangerous visceral belly fat, which could lead to diabetes, heart disease and stroke. If visceral fat is about 10% of your body’s total fat mass, that’s normal and healthy, according to the Cleveland Clinic. Too much visceral fat, however, can create inflammation, contributing to chronic disease. A lower-calorie Mediterranean diet could include proteins such as salmon, chicken breast and tuna, as well as fruits, vegetables, nuts, seeds, legumes and olive oil. However, “only participants from the intervention group decreased grams of visceral fat mass,” while visceral fat mass remained unchanged in the control group, according to the study.

Persons: ”, David Katz, Katz, Walter Willett, Harvard T.H, “, Willett, Gunter Kuhnle, ” Kuhnle, Christopher Gardner, ” Gardner Organizations: CNN, True Health Initiative, Cleveland Clinic, Harvard, of Public Health, Harvard Medical School, JAMA, University of Reading, Stanford Prevention Research, Nutrition Studies Research Locations: Chan, Boston, Spain, United Kingdom, California

☆ Insider Today: Big banks' cloudy forecast
▼ + stars: | 2023-10-16 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn today's big story, we're looking at why strong earnings results from some big banks weren't necessarily the big win markets were hoping for. The big storyTrouble brewingAdvertisementAdvertisementOn the surface, earnings season got off to a great start. And that could spell trouble for the broader market hoping for a banner earnings season to help it finish the year on a positive. AdvertisementAdvertisement"This may be the most dangerous time the world has seen in decades," he said in a press release announcing the bank's earnings. One market veteran predicts stocks will rally for the final stretch of the year due to a strong earnings season.

Persons: Elon Musk, Steve Jobs, Wells, Jamie Dimon, Dimon, Julian Restrepo, Emmalyse Brownstein, Mark Mason, JPMorgan's, Teresa Heitsenrether, Goldman Sachs, Jane Fraser, Fraser, Michael Siluk, there's, Walter Isaacson, Justin Sullivan, Tim Mosenfelder, Elon, Tyler Le, Noah Webster, He's, Naomi Osaka, Angela Lansbury, Sue Bird, Oscar Wilde, Bryce Harper, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, JPMorgan, Citigroup, AP, Citi, Barclays, Suisse, New York Department of Labor, Getty, Wedbush Securities, Microsoft Outlook, Microsoft, Consumers, PETA, Dairy Summit Locations: Ukraine, Israel, Chicago, New York City, San Diego, London, New York

☆ TikTokers are hacking Starbucks' app to get cheap drinks
▼ + stars: | 2023-10-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +5 min

TikTokers are hacking Starbucks' mobile app to get drinks at a deep discount. One TikToker said she knocked off about 50% on a venti iced coffee with her mobile app hack. In the video, the University of Virginia student demonstrates how she creates a large iced latte at Starbucks for half the price, or under $4, by hacking the chain's app. AdvertisementAdvertisementShe describes how to get more bang for your buck by ordering an iced drink with no ice. "This is the money-saving hack Starbucks does not want you to know about," she said.

Persons: —, TikToker, creamer, @jadeleasy, Jade, It's, Chipotle Organizations: Service, University of Virginia, Starbucks Locations: Orange , California, Americano

☆ Here’s what got more expensive — and cheaper — at the grocery store
▼ + stars: | 2023-10-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

In the year through September, not adjusted for seasonal swings, grocery prices rose 2.4% — less than inflation overall, which was 3.7%. Food price increases have been easing this year, offering some much-needed relief at the supermarket. In March, grocery prices dipped for the first time since September 2020. What got more expensive this yearIn the year through September, some items still notched high price increases. While grocery prices are moderating, restaurant prices have remained high, rising 6% for the year and 0.4% in September.

Persons: Chipotle, Domino’s Organizations: New, New York CNN, Bureau of Labor Statistics Locations: New York, Ukraine

(AP) — Investor Charlie Munger, who's been Warren Buffett's right-hand man for more than five decades, has made a $40 million gift to a California museum that he's supported in the past. Munger gave 77 Class A Berkshire Hathaway shares to the Henry E. Huntington Library and Art Museum in San Marino, California, according to a filing with the Securities and Exchange Commission. A decade ago, he gave the Huntington museum nearly $33 million worth of Berkshire stock to help pay for a new education and visitors center. Political Cartoons View All 1202 ImagesAfter his latest donation, Munger still holds 4,033 Class A Berkshire shares. Although Berkshire is based in Omaha, Nebraska, where Buffett lives, Munger has long lived in southern California, so much of his charitable giving has been focused on the West Coast.

Persons: Charlie Munger, who's, Warren Buffett's, he's, Munger, Henry E, Susan Turner, Lowe, Turner, Munger's, Buffett's, he'd, he'll, Buffett Organizations: Berkshire Hathaway, Huntington Library, Art Museum, Securities and Exchange Commission, Huntington, Berkshire, Buffett, BNSF Locations: OMAHA, Neb, California, San Marino , California, Huntington, Berkshire, Los Angeles, Omaha , Nebraska, West Coast

☆ Grocer profit will be sacrificed on UK food altar
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 3 (Reuters Breakingviews) - British shoppers enjoyed a novel experience last month: lower food prices. Admittedly, the fall in the average food basket between August and September was just 0.1%, according to the British Retail Consortium. But it was the first monthly fall in food prices since July 2021 and brought down overall retail inflation to 6.2%, the lowest in a year. That’s good for consumers, especially those who like dairy products, margarine, fish and vegetables – the items that caused the overall fall. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Helen Dickinson, Francesco Guerrera, Aimee Donnellan, Oliver Taslic Organizations: Reuters, British Retail Consortium, Bank of, Grocers, X, Temasek, Thomson Locations: Bank of England

☆ It's a tough time for clean energy stocks right now, but Raymond James says one name can buck the downtrend
▼ + stars: | 2023-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Clean Energy Fuel 's venture into dairy-based renewable natural gas might just be its saving grace in an industry highly sensitive to interest rates, according to Raymond James. The firm upgraded shares of the renewable energy company to strong buy from outperform, lifting its target price to $6. Clean Energy Fuels is down 25% so far this year as a range of worries drag renewable energy stocks. Year to date, the Invesco WilderHill Clean Energy ETF (PBW) is down over 23%, while the broader S & P 500 has gained over 10%. "We believe that once the Treasury unveils the rules, and investors can straightforward factor in Section 45Z into estimates for 2025 and beyond, Clean Energy shares should re-rate meaningfully higher," he added.

Persons: Raymond James, Pavel Molchanov, Molchanov, — CNBC's Michael Bloom Organizations: Energy, Energy Fuels, Clean Energy, Treasury Department, Treasury Locations: Monday's

☆ New Zealand farmers set for right-wing protest vote over climate change policies
▼ + stars: | 2023-09-27 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

Warning that livelihoods are at stake, farmers are looking to conservative candidates who will unwind or delay these Labour policies. The two will travel the length of New Zealand over 10 days to encourage rural communities to vote for a change. Farmers in New Zealand have staged several protests in the past two years against growing regulations and agricultural emission schemes. New Zealand will also become the first country in the world to tax farmer for methane from animals from 2025. Wayne Langford, president of farmer lobby group Federated Farmers, said recent policies had been impractical, difficult to implement and caused significant frustrations.

Persons: Praveen Menon, Bryce McKenzie, Laurie Paterson, John Deere, ”, McKenzie, Chris Hipkins, James Shaw, Wayne Langford, it's, Langford, Lucy Craymer, Michael Perry Organizations: REUTERS, Rights, New Zealand Labour Party, Farmers, ACT, Taxpayers, Union, Curia, National, Labour, Green Party, Federated Farmers, New Zealand, Thomson Locations: Hawke's Bay , New Zealand, Southland, New Zealand, Rural, Zealanders, Netherlands, Zealand

☆ Why you should be traveling to Europe in fall, not summer
▼ + stars: | 2023-09-25 | by ( Terry Ward | ) edition.cnn.com time to read: +9 min

And now it’s fall, when the continent really comes into its own as the leaves – and visitor numbers – start to drop. A recent report from luxury travel network Virtuoso named Paris, London and Florence as the most booked cities for fall travel. “Fall is one of the best times to visit Europe because of the vast variety of interests [the season] can cater to,” says Mina Agnos, president of luxury travel company Travelive. If you’re ready for a different take on Europe this fall, we’ve got ideas. Fall also means it’s harvest time in Rebland – an area southwest of Baden-Baden famous for its Riesling.

Persons: ”, Mina Agnos, foodies, Brian Young, we’ve, Sérgio Duarte, Octant, Val, Culinarium Urtijei, Christopher Hill, Holger Leue, it’s, Jack Ezon, Samantha Pearson, Notte Bianca, Valery Bareta, Belle, Caracalla Organizations: CNN, EMEA, G, Gran Canaria, UNESCO, ADLER, Mallorca Locations: Europe, Paris, London, Florence, Spain, Portugal, Turkey, Croatia, Greece, Sicily, Slovenia, Gibraltar, Tenerife, Ibiza, Mallorca, Gran, Alentejo, Douro, Val Gardena, Dolomites, Italy, Northern Italy, South, Ortisei, Romania, Brasov, Baia Mare, Saxon, Moșna, Mallorcan, Pollença, Palma . Thessaloniki, Thermaic, Santorini, Greece’s, Balkans, Mount Olympus, Thessaloniki, Malta Malta, Malta, Gozo, Comino, Valletta, Madeira, Morocco, Terrabona, Funchal, Savoy, Baden, Germany Baden, Black, Friedrichsbad

Asian shares are lower, tracking a slump on Wall Street after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought. U.S. stocks slumped Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The Fed held its main interest rate steady at its highest level in more than two decades, as was expected. Wednesday on Wall Street, the S&P 500 fell 0.9% to 4,402.20. Shares of Klaviyo, which helps advertisers market over email and text messaging, rose 9.2% in their first day of trading.

Persons: Jerome Powell, it’s, ” Anderson Alves, ActivTrades, Hang Seng, Australia's, Grant Robertson, Fonterra, Powell, ” Powell, Instacart, Brent, Nick Perry Organizations: Federal Reserve, Fed, Nikkei, Toshiba Corp, Statistics New, Finance, Zealand, Dow Jones, Nasdaq, Treasury, Big Tech, Microsoft, Apple, Nvidia, Arm Holdings, New York Mercantile Exchange, U.S Locations: U.S, Shanghai, Seoul, Statistics New Zealand, China, Wellington , New Zealand

☆ Seaweed recipes: from traditional Asian to new Western dishes
▼ + stars: | 2023-09-21 | by ( Callum Sutherland | ) edition.cnn.com time to read: +6 min

And because growing seaweed doesn’t need land or require irrigation, it could be more sustainable than traditional agriculture. Seaweed jamIf you’re looking to take your breakfast ideas in a new direction, then seaweed could be the way to go. But seaweed soup isn’t only consumed in Asia. In cooperation with Guernsey Dairy, the UK-based Seaweed Food Company has experimented with using algae in dairy products. She believes that these inventive dishes will bust people’s misconceptions of seaweed as “slimy and a bit smelly.”

Persons: Fabrice Picard, Chef Jun Lee, ”, Lee, “ It’s, Prannie Rhatigan, Rhatigan, Smoothies Rhatigan, ” Thongweed, Mark Kirkland, Naomi Tustin, we’ve Organizations: CNN, Agriculture Organization, UN, Agence VU, Michelin, Guernsey Dairy, Food Locations: Asia, Seoul, of Coll, Scotland, Guernsey, Tustin

☆ Fonterra's profit more than doubles on demand for dairy ingredients, shares rise
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

The world's biggest dairy exporter also benefited from higher product pricing and strong demand for its dairy ingredients and foodservice channel. "We acknowledge that across the year, farmers will continue to feel the pressure from high input costs and a reduced farmgate milk price," CEO Miles Hurrell said. The dairy giant also expects inflationary pressures and farmgate milk price outlook to impact its production levels. That compares with normalized earnings of 80 NZ cents per share in fiscal 2023. The Auckland-based company declared a final dividend of 40 NZ cents per share, compared with 15 NZ cents declared last year.

Persons: Nigel Marple, Fonterra, Miles Hurrell, Hurrell, Himanshi Akhand, John Biju, Shounak Dasgupta, Shweta Agarwal Organizations: REUTERS, Fund, NZ, Zealand, Thomson Locations: Rapa, Hamilton, China, Zealand, Auckland, Bengaluru

Yet in Europe, sterling came under pressure after data showed Britain's high inflation rate fell unexpectedly in August, prompting speculation that the Bank of England could pause its historic run of interest rate hikes as soon as Thursday. Two-year Treasury yields were down 3.5 basis points in London trade at 5.07%, having risen sharply on Tuesday, when five- and 10-year Treasury yields reached 16-year highs. World stock markets were edging higher ahead of the Fed rate decision. UK gilt yields fell sharply as investors slashed bets for a rate hike on Thursday, with two-year yields last down over 14 bps at 4.85% . "Combined with their recent dovish commentary, we now expect the MPC to keep Bank Rate unchanged tomorrow and lower our forecast for the terminal policy rate to 5.25%," Stehn and co. added.

Persons: DAX, Kai Pfaffenbach, Jerome Powell, Lee Hardman, Sterling underperformed, Goldman Sachs, Sven Jari Stehn, Stehn, Masato Kanda, Eugene Low, Dhara Ranasinghe, Samuel Indyk, Tom Westbrook, Toby Chopra, Chizu Organizations: REUTERS, Sterling, U.S, Treasury, Federal Reserve, Bank of England, Brent, Federal, Fed, Japan's Nikkei, MPC, Monetary, Bank of, New Zealand, Thomson Locations: Frankfurt, Germany, Europe, Saudi Arabia, Russia, U.S, London, Sweden, Switzerland, Norway, Britain, Japan, Asia, Pacific, Hong Kong, China, Singapore

☆ Stocks stalled as oil surge sets stage for longer US rate peak
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But at $93.52 a barrel, prices remain up 30% in three months as Saudi Arabia and Russia reduce output. Benchmark 10-year Treasury yields had hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The yen is down 11% on the dollar this year as expectations firm for U.S. rates to stay high and Japanese rates to stay low. The yen hit a 10-month trough of 147.95 to the dollar late last week and it traded at 147.85 on Wednesday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, Stocks, Jerome, Sam Rines, Powell presser, Masato Kanda, Eugene Low, Miral Fahmy, Jamie Freed Organizations: Federal Reserve, Brent, FTSE, Japan's Nikkei, Bank of, New Zealand, Thomson Locations: SINGAPORE, Asia, Saudi Arabia, Russia, Pacific, Japan, Hong Kong, China, Texas, Sweden, Switzerland, Norway, Britain, U.S, Singapore, Australia, Argentina

☆ Stocks struggle as oil surge sets stage for hawkish Fed
▼ + stars: | 2023-09-20 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight data showed, lifting the loonie and triggering selling in the Treasury market. Benchmark 10-year Treasury yields hit their highest since 2007 at 4.371% overnight and were last at 4.36%. The Fed meeting leads a week jammed with central bank meetings and data over the next few days. British inflation figures are due on Wednesday, followed by central bank meetings in Sweden, Switzerland, Norway, Britain and Japan on Thursday. Rising yields have kept a lid on gold prices, with spot gold last trading at $1,929 an ounce.

Persons: Brent, presser, Jerome Powell's, Sam Rines, Powell presser, Masato Kanda, Kristina Clifton, Miral Organizations: Treasury, Federal Reserve, Brent, Nikkei, U.S, STERLING, OF CPI, Bank of, New Zealand, Commonwealth Bank of Australia, Bank of England, Thomson Locations: presser China, SINGAPORE, Saudi Arabia, Russia, Asia, Pacific, Japan, Texas, Sweden, Switzerland, Norway, Britain, U.S, China, Australia, Argentina

A day later, the European Union also decided not to renew the overall ban on Ukrainian food heading to five member countries. The rising tensions come after Russia halted a U.N.-brokered agreement last month to guarantee safe shipments of Ukrainian grain through the Black Sea to parts of the world struggling with hunger. These include sunflower, wheat, corn and rapeseed, as well as crude oil, meat, fruits and vegetables, milk, honey and dairy products. “We want increased control and immediate payment of the European measures.”The EU said said “the market distortions” created by Ukrainian grain have disappeared. But farmers in the five member countries still complain that a glut of Ukrainian products is hurting their livelihoods.

Persons: Mitkov, ”, “, Vassil, ___ McGrath Organizations: —, Bulgarian, European Union, Ukraine, Russia’s, National Association of Grain Producers, United Farmers National Association in, Associated Press, ” Locations: PERNIK, Bulgaria, — Farmers, Ukraine, Poland, Hungary, Slovakia, Russia, Europe, United Farmers National Association in Bulgaria, Pernik, Sofia, Radomir, ” Ukraine, EU, Manavgat, Turkey

☆ New Zealand's A2 Milk to cancel Synlait's exclusive supply rights on infant milk formula
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

An A2 milk sign is seen at the third China International Import Expo (CIIE) in Shanghai, China November 6, 2020. REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 18 (Reuters) - New Zealand's A2 Milk Company Ltd (ATM.NZ) said on Monday it had given notice to Synlait Milk (SML.NZ) after market hours on Friday that it was canceling its exclusive manufacturing and supply rights for certain infant milk formula products of company. A2 Milk issued cancellation notices on Synlait's exclusive manufacturing and supply rights on stages 1 to 3 of the dairy producer's infant milk formula as Synlait's delivery in full and on time performance during fiscal 2023 fell below the required level. Synlait did not immediately respond to a Reuters request for comment but A2 Milk said the manufacturing and supply agreement between the parties would remain in place as Synlait considers the cancellation notice. Removal of Synlait's exclusivity will give the dairy firm a chance to expand production of its English label product at any facility at a time when one of its largest markets, China, introduces stringent regulations for infant formula.

Persons: Aly, Synlait, Milk, John Biju, Sandra Maler Organizations: China, REUTERS, Milk Company, Thomson Locations: Shanghai, China, Bengaluru

☆ Behind Warren Buffett's $100 billion-plus bet on Apple and the iPhone
▼ + stars: | 2023-09-17 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

The new iPhone 15 is about to hit the stores, and Apple CEO Tim Cook might have already sent one to his most important investor — Warren Buffett. He bought Apple shares after realizing how devoted people are to its phones, and its unique ability to keep consumers spending within the Apple ecosystem. His return has been well over $100 billion on paper, making Apple Buffett's best investment over the past decade. "Our railroad is a very good business, but it's not remotely as good as Apple's business," Buffett said at the Berkshire shareholder meeting in May . The billionaire investor has called Apple Berkshire's "third-largest business," after its insurance and railroad holdings.

Persons: Tim Cook, — Warren Buffett, Buffett, Ted Weschler, Todd Combs, Ben Graham, Cook, buybacks Buffett, repurchases, Apple's Organizations: Apple, Oracle, New, Wall, CNBC Locations: Berkshire, Omaha

☆ Is one of Russia’s oldest allies slipping from the Kremlin’s orbit?
▼ + stars: | 2023-09-17 | by ( Christian Edwards | ) edition.cnn.com time to read: +12 min

“Armenia’s security architecture 99.999% was linked to Russia,” he told Italian newspaper La Repubblica earlier this month. Analysts said the effectiveness of Russia's peacekeeping presence, which began after the war in 2020, has diminished over time. “Russia failed to deliver on its promises to secure the Lachin corridor… Russia failed to deliver weapons that Armenia purchased from Russia, Russia failed to curtail Azerbaijan’s expansionist and aggressive behavior against Armenia,” said Ter-Matevosyan. But in trying to shore up its security vis-a-vis Azerbaijan, Armenia has inadvertently delivered a stinging snub to Russia. “We have to remember that Russia has a huge destructive potential in the region,” said Ter-Matevosyan, referring to Russia’s sizable military base north of Yerevan.

Persons: Vladimir Putin, Nikol Pashinyan, ”, Pashinyan, Armenia’s, Tofik Babayev, Azerbaijain, Vahram, Matevosyan, Karen Minasyan, Ter, Marie Dumoulin, Azerbaijan’s, ” Dumoulin, “, Putin, Ilham Aliyev –, He’s, Aliyev, Dumoulin, Dmitry Peskov, ’ ”, Anna Ohanyan, Ohanyan, –, Will Organizations: CNN, La Repubblica, Russian Federation, Getty, American University of Armenia, Collective Security, Organization, European Council, Foreign Relations, ICC, Politico, NATO, Stonehill College, Kremlin Locations: Armenia, Soviet, Ukraine, Rome, Russia, Azerbaijan, Italian, Russian, Nagorno, Karabakh, AFP, Turkey, Yerevan, “ Armenia, Moscow, “ Russia, Baku, Pashinyan, Massachusetts, “, Belarus, Repubblica, Western

Search resuls for: "Dairy"

25 mentions found