DIRS.INFO The most relevant business & tech news

☆ Explainer: Spilt milk? Why are the US and Canada fighting over dairy?
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +3 min

HOW DOES CANADA'S DAIRY SYSTEM WORK? The Canadian Dairy Commission, a government corporation, sets a milk price annually that dairy processors pay to farmers. A WTO panel ruled in 2002 that Canada breached its trade obligations through its dairy support, siding with the United States. WHAT IS THE VALUE OF CANADA'S DAIRY SECTOR? Canada's 9,739 dairy farmers form one of the most influential lobbies in the country.

☆ China says it successfully cloned 3 highly productive ‘super cows’
▼ + stars: | 2023-02-01 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

They were cloned from highly productive cows from the Holstein Friesian breed, which originated in the Netherlands. The chosen animals are capable of producing 18 tons of milk per year, or 100 tons of milk in their lifetimes. The scientists made 120 cloned embryos from the ear cells of the highly productive cows and placed them in surrogate cows, according to the Technology Daily. Jin Yaping, the project’s lead scientist, called the birth of the “super cows” a “breakthrough” that allows China to preserve the very best cows “in an economically feasible way,” the state-run newspaper Global Times reported. But some highly productive cows are not identified until the end of their lives, making it difficult to breed them, Jin said.

LONDON, Jan 30 (Reuters) - Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. Heinz Company from 2006 to 2013 and was impressed by his leadership skills and business acumen," Peltz said. "Why hire a food exec if you are planning to sell the food business?" "Selling the food business will always be on the cards, but I doubt that it is top priority in the short term." "He's been given a very tough assignment but I have every confidence that if anyone could get Unilever moving in right direction, it's Hein," Johnson said.

☆ Unilever Taps Dairy Boss as New CEO
▼ + stars: | 2023-01-30 | by ( Peter Stiff | ) www.wsj.com time to read: 1 min

Unilever is looking to boost growth across its sprawling portfolio, while grappling with rising input costs and changing consumer trends. Unilever PLC has appointed Hein Schumacher as its new chief executive, tapping the head of a European dairy cooperative to lead its effort to reinvigorate growth and navigate economic uncertainty. The owner of Ben & Jerry’s ice cream and Dove soap said Monday that Mr. Schumacher would become CEO on July 1. He succeeds incumbent Alan Jope, who the company said in September would retire this year.

☆ Unilever names Hein Schumacher as new CEO
▼ + stars: | 2023-01-30 | by ( ) www.cnbc.com time to read: 1 min

A customer selects bar of Dove soap, a Unilever product, at a Sainsbury's supermarket in London, U.K.Consumer goods giant Unilever on Monday appointed Hein Schumacher as its new chief executive officer replacing Alan Jope from July 1. Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina. The London-based company had in September said that CEO Jope planned to retire at the end of 2023.

☆ Unilever names Dutch dairy boss Schumacher as new CEO
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Schumacher, 51, joined Unilever in October last year as non-executive director and is currently the chief of Dutch dairy business FrieslandCampina. The London-based company in September said that CEO Jope planned to retire at the end of 2023. Peltz, through his Trian Fund, holds a nearly 1.5% stake in Unilever, making him the fourth largest shareholder, according to Refinitiv Eikon data. Analysts at Jefferies and RBC Capital welcomed Unilever's appointment of an external CEO, saying investors will support the move. "We think Unilever needs a cultural and organisational shake up," RBC analyst James Edwardes Jones wrote in a note.

☆ Unilever’s new boss whets appetite for split
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 30 (Reuters Breakingviews) - Unilever’s new chief executive is arguably a bit low fat. The appointment of board member Hein Schumacher, CEO of Dutch dairy cooperative FrieslandCampina, will instead have investors wondering whether Unilever needs to split its food and non-food arms. Unilever’s current share price is barely 40 euros per share. (By Aimee Donnellan)Follow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ These are Trader Joe’s customer’s favorite items
▼ + stars: | 2023-01-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —Trader Joe’s asked its customers a simple question: If you were to spend the rest of your life on a deserted island, which nine Trader Joe’s products would you take with you? The first Trader Joe’s opened in Pasadena, California, in 1967. Rolled Corn Tortilla Chips Chili & Lime Trader Joe'sSee the all-time favorites included in Trader Joe’s Hall of FameThe chips also won in the poll’s favorite snack category. Top EntreeReplacing the longtime Mandarin Orange Chicken is Trader Joe’s Butter Chicken – spiced chicken in a tomato and cream sauce with basmati rice. Indian is popular with Trader Joe’s customers.

☆ This former couple says splitting up saved their pizza company. Here's why they and others found running a business with your ex doesn't have to be a nightmare.
▼ + stars: | 2023-01-29 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +6 min

He's glad to have salvaged — and even improved — his professional relationship with Chen. Price, 48, and Sebastiani, 56, launched Blue Oak Coffee Roasting in Bakersfield, California, in 2015. That idea turned out to be popular — and Blue Oak grew into a full-time business. But launching Blue Oak ultimately helped Price and Sebastiani make their relationship more harmonious. Blue Oak Coffee RoastingThe business also offered a powerful imperative for the ex-couple to overcome their communication challenges, since their livelihoods depended on their ability to cooperate.

☆ Warren Buffett shelled out $6.5 billion to help Mars buy Wrigley during the financial crisis. Here's how he made the candy deal happen.
▼ + stars: | 2023-01-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

Warren Buffett spent $6.5 billion to help Mars acquire Wrigley during the financial crisis. "We fit very well as a partner for what the Mars family wanted to achieve in this purchase," Buffett told CNBC at the time. Buffett doubled his moneyNearly five years after the merger, Mars reached out to Buffett and asked to repurchase Berkshire's Wrigley debt early. Mars contacted Buffett again in 2016 as it wanted to buy him out and take full control of Wrigley. Buffett agreed to sell all of his Wrigley shares for about $4.6 billion in September 2016.

☆ A dietitian shares the smoothie-making mistake that causes blood sugar spikes — and 5 healthy recipes to try instead
▼ + stars: | 2023-01-27 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +3 min

Making smoothies with fruit alone is a mistake that causes blood sugar spikes, a dietitian said. It's important to add healthy fats, protein, and fiber, Nichola Ludlam-Raine told Insider. She shared five recipes for nutritionally balanced smoothies, from carrot cake to apple pie flavors. "The main mistake people make when making smoothies is making them with 100% fruit," registered dietitian Nichola Ludlam-Raine told Insider. "These combined help to slow down the release of the energy from the blended fruit," Ludlam-Raine said.

☆ Sam's Club goes big with plans to open dozens of new US stores that are nearly 20% larger
▼ + stars: | 2023-01-26 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Sam's Club is opening 30 new warehouses across the United States in the next five to seven years. The new warehouses will be roughly 160,000 square feet, much larger than the average Sam's Club store. The decision to expand comes as Sam's Club membership numbers have continued to reach record heights, fueled by the pandemic. "We've seen remarkable growth over the past few years with a record number of members, and we're excited to bring the experience of Sam's Club to even more markets as we expand our footprint," Sam's Club CEO Kathryn McLay said in a statement. For context, the average Costco warehouse is 146,000 square feet, and BJ's Wholesale Club stores range in size from 63,000 square feet to 163,000 square feet.

☆ Bill Gates just invested in a startup that's trying to stop cows from burping and farting so much
▼ + stars: | 2023-01-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Bill Gates-founded Breakthrough Energy Ventures led a $12 million seed funding round into Rumin8. The Perth-based startup is developing a seaweed-based feed aiming to cut methane from livestock emissions — like the burps and farts of cows. As livestock accounts for about 15% of global greenhouse gas emissions, there are now global efforts to farm such animals more sustainably. "There are companies making 'beef' in new ways and people working to still use cows but reduce the methane emissions," Gates wrote in the thread. Last week, French food giant Danone pledged to slash methane emissions from its milk-supplying farms by about one-third by the end of this decade.

☆ Small-town nursing homes closing amid staffing crunch
▼ + stars: | 2023-01-22 | by ( Tony Leys | Kaiser Health News | ) www.nbcnews.com time to read: +10 min

In Iowa, 13 of the 15 nursing homes that closed in 2022 were in rural areas, according to the Iowa Health Care Association. “We’ve had more nursing homes go bankrupt in the last year than in the last 10 years combined,” she said. Nationally, the Centers for Medicare & Medicaid Services reported recently that 129 nursing homes had closed in 2022. In Iowa, Medicaid pays nursing homes about $215 per day per resident, according to the Iowa Health Care Association. Willett said a recent survey found that 72% of Iowa’s remaining nursing homes were freezing or limiting admissions below their capacity.

☆ Could Curbing Cow Burps Slow Global Warming?
▼ + stars: | 2023-01-21 | by ( Josh Ulick | ) www.wsj.com time to read: 1 min

Methane produced by “cow burps” is one of the biggest sources of greenhouse gas emissions from agriculture. Researchers are studying ways to stifle these emissions, which could help slow global warming. Methane, like carbon dioxide, traps heat in the atmosphere, making it a potent greenhouse gas. The U.S. and more than other 100 countries have pledged to reduce methane emissions by at least 30% from 2020 levels by 2030. On Tuesday, Danone , one of the world’s largest dairy companies, said it would align itself with the pledge by cutting emissions of its fresh-milk suppliers.

☆ New Zealand farmers sour on Ardern’s Labour, complicating new PM's path
▼ + stars: | 2023-01-21 | by ( Lucy Craymer | ) www.reuters.com time to read: +4 min

Rural voters say reforms by Ardern's Labour Party, meant to improve the environmental impact of farming, are costly and ineffective. Farmers worry that the extra costs and work will make their products more expensive and less competitive in foreign markets. The government has proposed an unpopular plan for farmers to pay for methane emissions from their sheep and cows. New Zealand farmers are some of the most efficient in the world. Andrew Hoggard, national president of Federated Farmers, said many Labour regulations were impractical and made farming difficult.

☆ Founder of Egypt’s Juhayna Food Industries and his son released from prison
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +2 min

CAIRO, Jan 21 (Reuters) - The founder and former CEO of Juhayna Food Industries (JUFO.CA) and his son were released from prison in Egypt on Saturday after about two years in detention, according to a judicial source and a family member. The arrests of Safwan and Seifeldin Thabet two months apart had shaken Egypt’s business community as well as Egyptian and foreign investors. The Thabet family have denied any wrongdoing in statements on social media. A member of the Thabet family told Reuters the two men were released from a police station and returned home, but said the family had no other information about why they were freed. The family had pleaded for their release partly due to the illness of Safwan’s wife, who died during his detention.

☆ Fact Check-Online claims about nutritional table lack context
▼ + stars: | 2023-01-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +6 min

Food Compass has not been endorsed or promoted by the NHLBI or the government departments responsible for developing nutrition guidelines. TUFTS’ FOOD COMPASSThe Food Compass was developed by researchers at the Friedman School of Nutrition Science and Policy at Tufts University (bit.ly/3ZSHEUC). The Tufts team addressed claims about the graphic shared online in the Frequently Asked Questions section of its Food Compass website (here). “These graphs were created by others to show these exceptions, rather than to show the overall performance of Food Compass and the many other foods for which Food Compass works well. But, as objective scientists, we accept constructive criticism and are using this to further improve Food Compass,” the statement added.

Her successor as Labour leader and prime minister faces a stern test in a general election in October, with support for the party falling and the country expected to fall into a recession next quarter. Despite her high global profile, Ardern's Labour Party has slid in the polls, hurt by rising living costs, growing crime and concern about social issues. That meant that even with traditional coalition partner the Green Party, polling at 9%, Labour could not hold a majority. Ardern most likely stepped down to give the Labour Party a chance to refresh and reposition itself ahead of an election in October, experts said. CONSERVATIVES BUOYEDThe conservative National Party may be buoyed by Ardern's resignation.

☆ How food giant Danone plans to cut planet-warming methane emissions by 30% this decade
▼ + stars: | 2023-01-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

Danone aims to cut methane emissions across the farms supplying its milk by 30% this decade. Farming accounts for 40% of man-made methane emissions globally. Danone this week promised to cut methane emissions across the farms supplying its milk by 30% by the end of the decade. Cow burps, manure pits, and fertilizers make agriculture the top source, accounting for 40% of man-made methane emissions, the study found. As of December, the US Department of Agriculture had invested more than $3 billion in what it calls climate-smart projects, including for Danone dairy farmers.

☆ Meat cultivated from cow cells is kosher, Israel's chief rabbi rules
▼ + stars: | 2023-01-19 | by ( Ari Rabinovitch | ) www.reuters.com time to read: +3 min

[1/2] People prepare Aleph Farms' cultivated thin-cut beef steaks in this handout image taken November 9, 2022. Cultivated meat, grown from animal cells in a lab or manufacturing plant, has been getting a lot of attention as a way to sidestep the environmental toll of the meat industry and address concerns over animal welfare. Jewish dietary law designates kosher meat as having come from a cow slaughtered in accordance with ritual - and requires that it be kept and consumed separately from dairy. Aleph Farms says it collects sample cells from a living animal and then grows more in a cultivator that mimics conditions in the animal's body. While the decision was specific for Aleph Farm's process, it sets a foundation for others.

☆ Why Egypt is asking its people to eat chicken feet
▼ + stars: | 2023-01-18 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +17 min

Abu Dhabi CNN —Egypt’s economic situation is so dire that the government is asking people to eat chicken feet. In Egypt, chicken feet are seen as the cheapest of meat items, considered by most as animal waste rather than food. After the recommendation to switch to chicken feet, the price of one kilogram of the product reportedly doubled to 20 Egyptian pounds ($0.67). But those firms don’t operate like private companies, enjoying special privileges without disclosing their financial data to the public. Experts have questioned why international creditors had not leveraged their loans to drive Egypt’s military out of the economy.

☆ 10 best prepared meal delivery services in 2023, according to experts
▼ + stars: | 2023-01-17 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +14 min

Best prepared meal delivery services to considerWe talked to experts about their favorite prepared meal delivery services, including options for certain dietary restrictions like gluten-free and vegetarian, and highlighted their recommendations below across budgets and diets. All the meal delivery services below offer single-serve ready-to-eat meals, with some offering additional meal kit options, too. Cost : Starting at $11 per meal with free shipping: Starting at $11 per meal with free shipping Number of meals: Four to 18 meals per weekFactor provides a weekly rotating menu of over 27 pre-prepared meals designed by dieticians, according to the brand. You can choose your preferred meal plan, including a Breakfast plan that includes five smoothies, a Lunch option that features five soups and grain bowls or a combination of the two. Cost : Starting at $14 per meal with free shipping: Starting at $14 per meal with free shipping Number of meal: 12 meals per weekPlantable offers vegan, plant-based meals that are made from scratch in the company’s kitchen in Brooklyn, New York, according to the brand.

☆ Nest smart thermostat co-founder is back with a new device for the home, focused on food
▼ + stars: | 2023-01-17 | by ( Barbara Collins | ) www.cnbc.com time to read: +4 min

Matt Rogers went from Apple to Nest Labs and into many homes with the now-Google smart thermostat. He's looking to get into your home again, this time to solve America's food waste problem. After Nest, Rogers began work on several philanthropic projects, many focusing on climate-related initiatives. "We've kind of gotten used to the way things are, but it doesn't have to be that way," Rogers said. Mill now makes it easy for people to get rid of food waste and reduce their carbon footprint.

☆ Founders growing meat in labs raised a huge $600 million in 2022. Check out the pitch deck used by Multus to raise $9.5 million to make slaughter-free growth serum.
▼ + stars: | 2023-01-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Lab-grown or cultivated meat is real meat grown from the cells of an animal in a controlled environment, as opposed to rearing and slaughtering said animals. It is now honing in on specific use cases to help cultivated meat manufacturers nail the taste and texture of their products. It expects to bring a range of products to market in 2023, including a growth media specifically for beef. The end goal is to also provide growth media for lab-grown dairy and leather. As well as off-the-shelf products, Multus takes advantage of data and automation to discover new growth media ingredients and formulations.

Search resuls for: "Dairy"

25 mentions found