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☆ U.S. health officials want to loosen marijuana restrictions. Here's what it means
▼ + stars: | 2023-08-31 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

Jeenah Moon | Bloomberg | Getty ImagesThis week, the Department of Health and Human Services asked the Drug Enforcement Agency to consider easing restrictions on marijuana upon a review of its classification under the Controlled Substances Act. It could be a significant catalyst for an industry hemmed in by federal regulations even as legalization picks up on the state level. Marijuana is legal in 39 states medically and 23 states recreationally. If marijuana moves down to a Schedule III substance, this will effectively ease a number of restrictions holding the sector back. While many states have legal markets within their borders, transporting Schedule I substances across state lines in illegal, resulting in a glut of marijuana in some states.

Persons: What's, Roth, Scott Fortune, Fortune, Jeff Schultz, Foley Hoag Organizations: ACB, Housing, Cannabis Co, Bloomberg, Getty, Department of Health, Human Services, Drug Enforcement Agency, Aurora, Tilray Brands, DEA, Marijuana, HHS, Regulators, Internal Revenue Locations: New York

☆ Jack Daniel's maker Brown-Forman reports lagging whiskey sales, narrower profit
▼ + stars: | 2023-08-30 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Jack Daniel's maker Brown-Forman on Wednesday fell short of Wall Street expectations for its first quarter of fiscal 2024, plagued by lagging whiskey sales, supply challenges and a significant inventory rebuild. Net sales for whiskey products decreased by 1%, led by the brands Woodford Reserve and Gentleman Jack. Sales for Jack Daniel's Tennessee Whiskey were flat, the company said, due to lower distributor inventories across the United States. Its New Mix RTD beverages delivered strong net sales growth of 52%, while its el Jimador tequila brand saw net sales grow by 27%. Reported advertising expense grew 19%, driven by the launch of its Jack Daniel's & Coca-Cola RTD item, increased investment in Jack Daniel's Tennessee Whiskey, and acquisitions.

Persons: Jack Daniel's, Brown, Forman, Jack, Jack Daniel's Tennessee, Lawson Whiting, Whiting, —, Robert Hum Organizations: Woodford Reserve, Jack Daniel's Tennessee Whiskey Locations: United States, Kentucky, U.S

Beneath the trimmed flower is a tray collecting shake, cannabis flower that has naturally broken down through handling. Marijuana is currently a Schedule I drug under the Controlled Substances Act, meaning it's deemed to have no currently accepted medical use and a high potential for abuse. The news sent shares of several cannabis companies, including Canopy Growth , Tilray Brands and Cronos Group , jumping Wednesday. "Certainly, moving cannabis off of Schedule 1 is the right decision and long overdue," Rea said in a statement. "Though a full descheduling would be preferred and likely most appropriate for cannabis, we welcome smart decisions and progress towards full legalization and regulation in the legal cannabis industry."

Persons: James Romano, Patrick Rea, Rea Organizations: U.S . Department of Health, Human Services, Drug, Administration, CNBC, Wednesday, Marijuana, Tilray Brands, Cronos, Bloomberg, HHS, DEA, Poseidon Garden Ventures Locations: Medway, U.S

☆ Eminem tells GOP presidential hopeful Vivek Ramaswamy to stop rapping his music
▼ + stars: | 2023-08-29 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Rapper Eminem has demanded Vivek Ramaswamy stop using his music on the campaign trail — and the Republican presidential candidate looks ready to let the issue go. In a cease-and-desist order sent to Ramaswamy's lawyer on Aug. 23, music publisher BMI said Eminem took issue with the use of his music during Ramaswamy's campaign events. In response, the Ramaswamy campaign signaled the GOP hopeful will not perform the song again. To the American people's chagrin, we will have to leave the rapping to the real slim shady," a spokesperson for the Ramaswamy campaign told NBC News. Many politicians have been sent similar cease-and-desist orders in past election cycles over their campaign song choices.

Persons: Eminem, Vivek Ramaswamy, BMI, Ramaswamy, Eminem's, Marshall B, Mathers, III, Vivek, Donald Trump, Adele, Pharrell Williams Organizations: Roll Hall, Microsoft Theater, Republican, Fair, BMI, NBC News, Daily Mail, GOP, NBC Locations: Los Angeles

☆ After Credit Suisse takeover, UBS gives first glimpse of new group
▼ + stars: | 2023-08-29 | by ( Noele Illien | ) www.reuters.com time to read: +5 min

Credit Suisse has already flagged that it expects to post a hefty loss for 2023. Rich clients often kept accounts at both UBS and Credit Suisse, so as not to place all their eggs in one basket. In previous quarters, UBS had reported significant inflows, as it benefited from Credit Suisse clients looking for safer alternatives. SWISS BANK'S FUTUREMany bank watchers are waiting to see what UBS does with Credit Suisse's "crown jewel" - its Swiss arm. The huge figure largely reflects a one-off boost to the bottom line from UBS buying Credit Suisse for a fraction of its value.

Persons: Ralph Hamers, Sergio Ermotti, Colm Kelleher, Stefan Wermuth, Rich, Benjamin Goy, Ermotti, Keefe, Thomas Hallett, Noele, John O'Donnell, Tomasz Janowski Organizations: UBS Group AG, UBS, REUTERS, Rights, Credit Suisse, SUISSE, Suisse's, Swiss, Deutsche Bank, UBS's, CORE UNIT UBS, Suisse, Thomson Locations: Zurich, Switzerland, SWISS, Swiss, Woods

☆ These four trends are shaping the gun industry
▼ + stars: | 2023-08-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

Here are four trends that are shaping the gun industry today:Market normalizationSeveral companies in the gun market are slowing down production and slashing prices as they combat material cost increases and waning demand for their weapons. Gun sales typically see a spike during presidential elections, Dionisio added. Investors in Biofire include venture capitalist Ron Conway and Peter Thiel's Founders Fund Biofire's smart gun comes as gun manufacturers increasingly look for different materials and technologies to make their products more appealing to consumers. "Smart guns can ensure that guns are accessible by their owners and no one else," said Nick Suplina, senior vice president for law and policy at Everytown, who has tested Biofire's smart gun. First-time gun purchasers during the pandemic, according to the study, were younger than previous, pre-pandemic U.S. gun owners.

Persons: Spencer Platt, Smith, Sturm, NSSF, Rommel Dionisio, Mark Smith, Christopher J, Killoy, Capital's Dionisio, Dionisio, Kai Kloepfer, Kloepfer, Biofire, they'll, Ron Conway, Peter Thiel's, Mark Oliva, Oliva, Nick Suplina, Matthew Miller, NORC, NSSF's Oliva Organizations: Getty, Wesson, Ruger, Company, Smith, Shooting Sports, Aegis Capital, CNBC, Smith & Wesson, Ruger & Company, Fund, Shooting Sports Foundation, Gun Safety, University of Chicago, America Locations: Monroe , Pennsylvania, U.S, Biofire, it's

☆ How you can deactivate or delete your Facebook account
▼ + stars: | 2023-08-27 | by ( Kyle Wilson | ) www.businessinsider.com time to read: +3 min

To delete your Facebook account, go to account settings on the website or app. How to delete or deactivate your Facebook account on a phone1. Select either Deactivate account or Delete account, depending on what you want to do. AdvertisementAdvertisementHow to delete or deactivate your Facebook account from a computer1. Select either Deactivate account or Delete account and follow the prompts, depending on what you want to do.

Persons: you've, you'll, Stefan Ionescu, it'll Organizations: Facebook

Even as the import ban kicked in, tables were filled at Japanese restaurant Fumi in Hong Kong on August 24, 2023. Kathleen Magramo/CNNHours before China’s announcement, the Asian financial center of Hong Kong – a semi-autonomous Chinese city – imposed its own ban on aquatic product imports from 10 Japanese regions including Tokyo and Fukushima. Japanese Prime Minister Fumio Kishida has reportedly “strongly” requested via diplomatic channels that China “immediately overturn” the ban. Still, Fei too thought that the bans from China and Hong Kong would have limited impact on Japanese trade. Consequently, even considering the reputational damage for Japanese seafood products, Japan’s overall exports will not be materially undermined,” Fei said.

Persons: “ It’s, ”, Thomason Ng, Fumi’s, “, Kathleen Magramo, Japan’s, Masanobu Sakamoto, Fumio Kishida, ” Sakamoto, –, Nigel Marks, there’s, CNN “ It’s, ” Marks, David Krofcheck, ” Krofcheck, Stefan Angrick, Angrick, That’s, China “, Fei Xue, Fei, ” Fei, restaurateurs, Hong Kong’s, Cara Man, we’ll Organizations: CNN, Hong Kong’s, East China, Fisherman’s Cooperative Association, ” “ Fishermen, Japanese, Tokyo Electric Power Company, TEPCO, Curtin University, University of Auckland, World Health Organization, Moody’s, Economist Intelligence Unit, “ Seafood Locations: Hong, Hong Kong’s Central, Fumi, Asia, Japan, China, Fukushima, Hong Kong, Tokyo, Weibo, East, Beijing, Australia, Ocean, South Korea, Taiwan, New Zealand, Japanese, Central, Japan’s Hokkaido, Kyushu, Kagoshima, Norway, Canada

☆ Why some are calling the German economy 'the sick man of Europe'
▼ + stars: | 2023-08-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

London CNN —It’s been nearly two decades since Germany shrugged off its “sick man of Europe” label with a series of labor market reforms that ushered in years of economic outperformance. Sticky inflation and three straight quarters of falling or stagnating output have put Europe’s biggest economy in the doldrums. “Sticky” inflation is eroding Germans’ purchasing power, fueling “pessimism among households,” according to Thomas Obst, senior economist at the Cologne Institute for Economic Research. “[German] industrial order books have emptied over the last 12 months,” Carsten Brzeski, global head of macroeconomic research at ING, told CNN. “Germany is in a very singular position.”Bright spotsHolger Schmieding, the economist who first called Germany the “sick man of Europe” in 1998, thinks the “current wave of pessimism” over its economy is overdone.

Persons: London CNN — It’s, Stefan Kooths, Europe ”, Kooths, Thomas Obst, Obst, ”, Klaus Wohlrabe, Frank Soellner, ” Carsten Brzeski, Sam Reeves, Brzeski, David Hecker, Holger Schmieding, Schmieding, “ Organizations: London CNN, International Monetary Fund, Kiehl Institute, Cologne Institute, Economic Research, CNN, European Central Bank, ifo, Volkswagen, Siemens, Global, ING, Getty, China Locations: Germany, Europe, Berlin, ifo, Bad, China, Duisburg, AFP, Ukraine, Australia, France

☆ Germany is struggling to move away from its ‘sick man of Europe’ image
▼ + stars: | 2023-08-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +6 min

Germany was first described with that moniker in 1998 as the country navigated the costly challenges of a post-reunification economy. The issues weighing on Germany's economy can be separated into "two very separate battles," Stefan Kooths, research director for business cycles and growth at the Kiel Institute for World Economy, told CNBC. "It is a different sickness [compared to] 20 years ago," Brzeski told CNBC. Energy obstaclesLike most of Europe, Germany's energy prices have been volatile following Russia's full-scale invasion of Ukraine. "Many Germany-headquartered businesses are doing well globally, but they are struggling with operations in their own country," Siegfried Russwurm, head of the German Industry Federation, told CNBC in June.

Persons: DANIEL ROLAND, aren't, it's, Holger Schmieding, Schmieding, Jasmin Groeschl, Stefan Kooths, Carsten Brzeski, China's, Brzeski, Groeschl, Joerg Kraemer, Kooths, Siegfried Russwurm Organizations: Frankfurt Cathedral, AFP, Getty, International Monetary Fund, Berenberg, CNBC, Europe, Allianz, Kiel Institute, World, ING Research, German Industry Federation Locations: Frankfurt, Germany, Europe, France, China, Kiel, Ukraine

☆ A psychology expert shares 5 toxic phrases 'highly selfish, entitled' people always use—and how to deal with them
▼ + stars: | 2023-08-24 | by ( Stefan Falk | ) www.cnbc.com time to read: +2 min

As a workplace psychology researcher, I've spent more than 30 years helping companies navigate overly selfish employees, particularly the ones whose behavior can be harmful to their teammates. Here are five toxic phrases highly selfish and entitled individuals always use — and how to deal with them:1. No matter how mediocre they actually are, selfish people tend to assume that they always bring exceptional value to others. They disregard the truth that most of our ideas, opinions and suggestions carry flaws, regardless of the effort we invest in them. A highly selfish person tends to be less successful than someone who channels their self-centered tendencies into helping others.

Persons: I've, there's

☆ Juul to cut 30% of its workforce in bid to cut costs and boost profitability
▼ + stars: | 2023-08-23 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019. Juul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits. The layoffs will affect about 250 people, reducing the company's headcount to about 650, a company spokesperson said. This will reduce operating expenses by $225 million, the Juul spokesperson added. In response to the suit, a Juul spokesperson told CNBC, "We stand behind our intellectual property and will continue to pursue our infringement claims."

Persons: Juul Organizations: Juul Labs, Juul, Food and Drug Administration, Marlboro, Altria, NJOY, CNBC Locations: San Francisco, Juul

☆ We shouldn't have high expectations from U.S. Commerce secretary's visit to China: Brookings' Dollar
▼ + stars: | 2023-08-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe shouldn't have high expectations from U.S. Commerce secretary's visit to China: Brookings' DollarDavid Dollar, Brookings Institute senior fellow, and Stefan Selig, former Under Secretary of Commerce for International Trade, join 'The Exchange' to discuss why the U.S. should 'proceed with caution' in its relationship with China, the important parts of U.S. Secretary of Commerce Gina Raimondo's trip to China, and more.

Persons: David Dollar, Stefan Selig, Commerce Gina Raimondo's Organizations: . Commerce, Brookings, Brookings Institute, Commerce for International Trade, Commerce Locations: China, U.S

☆ Altria Group sues Juul over e-vapor patent infringement
▼ + stars: | 2023-08-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Marlboro maker Altria Group said Tuesday its subsidiary NJOY has sued Juul Labs — the e-cigarette company it once held significant stake in — over patent infringement of certain e-vapor products. Altria has called for a ban on the importation and sale of these Juul products. Altria bought full global ownership of NJOY's e-vapor product portfolio in June for approximately $2.75 billion. The deal included the product NJOY ACE, the only pod-based vape with market authorizations from the U.S. Food and Drug Administration. In addition to the lawsuit filed with the ITC, Altria filed a similar suit against Juul in the U.S. District Court for the District of Delaware.

Persons: NJOY, Altria, Murray Garnick Organizations: Altria, Juul Labs, U.S . International Trade Commission, NJOY, ITC, U.S . Food, Drug Administration, CNBC, Juul, District of Locations: New York, Marlboro, U.S, District of Delaware

☆ Tilray is buying beverage brands from Molson Coors, Anheuser-Busch as cannabis industry struggles
▼ + stars: | 2023-08-21 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Tilray Brands is expanding its footprint in alcoholic and cannabis beverages, buying up brands from Molson Coors and Anheuser-Busch as legal restrictions hamper the marijuana industry. The major cannabis company announced Friday it will acquire the remaining 57.5% equity ownership of cannabis-infused drinks maker Truss Beverage from Molson Coors Canada. Tilray announced earlier this month that it would acquire eight beer and beverage brands from Anheuser-Busch for $85 million. The company also specializes in beverage and wellness products, and has become the fifth largest craft beer company in the U.S. Blair MacNeil, the president of Tilray Canada, said the acquisition will "further diversify our product offerings while broadening our consumer reach."

Persons: Tilray, Blair MacNeil Organizations: Aphria Inc, Tilray, Molson Coors, Anheuser, Busch, Beverage, Molson Coors Canada, U.S Locations: Leamington , Ontario, Canada, U.S, Tilray, Tilray Canada

☆ Aldi to acquire Winn-Dixie and Harveys Supermarket stores in Southern expansion
▼ + stars: | 2023-08-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Supermarket chain Aldi plans to acquire hundreds of Winn-Dixie and Harveys Supermarket locations across the Southern U.S. in a deal that will expand the fast-growing grocer's presence across the region. Germany-based Aldi said in a news release Wednesday that it will take over operations of all Winn-Dixie and Harveys Supermarket locations — about 400 stores — in Florida, Alabama, Georgia, Louisiana and Mississippi. Some locations will be converted to Aldi stores after the acquisition, while others will continue operating as Winn-Dixie and Harveys Supermarket grocery stores, according to the release. Nationwide, the company plans to add 120 new stores to reach a total of more than 2,400 stores by year-end. The sale of the Winn-Dixie and Harveys Supermarket locations is a part of a larger divestiture by Southeastern Grocers, the chains' parent company.

Persons: Aldi, Jason Hart, Winn, Anthony Hucker Organizations: Dixie, Southern, Winn, Aldi, Harveys Supermarket, Nationwide, Southeastern Grocers, ALDI Locations: Winn, Southern U.S, Germany, Florida , Alabama, Georgia, Louisiana, Mississippi, United States, Florida

[1/4] Klar CEO Stefan Moller poses for a photograph in Mexico City, Mexico, July, 2022, in this handout photo made available to Reuters on August 14, 2023. The executive explained that Klar currently offers credit lines ranging from 1,000 pesos ($58.67) to 30,000 pesos ($1,760.24), but is looking to "experiment" with loans up to 40,000 pesos. "Every three months we re-evaluate the size of the (credit) line," Moller said. "We're still in a market where credit penetration and consumer credit penetration is much lower than it should be compared to economic development indicators." ($1 = 17.0431 Mexican pesos)Reporting by Kylie Madry Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Moller, Moller, Klar, We're, Kylie Madry, Marguerita Choy Organizations: Reuters, Victory, Capital, Thomson Locations: Mexico City, Mexico, Handout, Mexican

☆ Poseidon Dynamic Cannabis ETF to close as investors lose interest in marijuana industry
▼ + stars: | 2023-08-15 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

A leading exchange-traded fund in the cannabis space will close up shop as investor interest in the legally restricted industry wanes. AdvisorShares, the largest cannabis fund manager, said its Poseidon Dynamic Cannabis ETF will see its final day of trading Aug. 25. The closure comes as investors lose interest in the quasi-legal cannabis industry that has struggled to scale. Meanwhile, Pure US Cannabis ETF , another fund in the industry by AdvisorShares, plummeted about 60% during the same period. Mastercard, in a move that further alienates the cannabis industry from big banking, announced last month it will stop allowing cannabis transactions on its debit cards to be in compliance with federal law.

Persons: Emily, Morgan Paxhia Organizations: Florida Supreme, New York Stock Exchange, CNBC, Poseidon Investment Management, US Cannabis ETF, AdvisorShares, Cresco Labs, Columbia Care, Mastercard Locations: Florida, U.S

☆ A German grocery store charged customers the 'true price' of their food, and one cheese was almost twice as expensive
▼ + stars: | 2023-08-11 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

German supermarket Penny raised prices on meats and cheeses to reflect their "true cost" last week. By contrast, one brand of vegan schnitzel only rose 5%, suggesting some vegan products have minimal long-term environmental and health costs. Despite Germany's recent drop in inflation, food prices still remain 11% higher this month compared to 12 months ago. The company temporarily hiked some prices to comment on how food prices are not fully indicative of broader long-term environmental and health costs. "We know that many of our customers are suffering from today's unrelentingly high food prices," Stefan Görgens, the COO at Penny, said in a statement.

Persons: Penny, Mühlenhof wiener, Stefan Görgens Organizations: Service, US Department of Agriculture, Nuremberg Institute of Technology, University of Greifswald, Aldi Locations: Wall, Silicon, Germany

☆ Russian officials are fuming after Ukraine isolated it in peace talks that even China attended: 'They're gossiping without us'
▼ + stars: | 2023-08-10 | by ( Tom Porter | ) www.businessinsider.com time to read: +4 min

Kremlin officials are concerned Kyiv is outflanking them diplomatically, The Moscow Times said. In comments to The Moscow Times, four former and current Kremlin officials familiar with Russia's diplomacy were troubled. A former high-ranking Russian diplomat also expressed concern to The Moscow Times about Russia's isolation, but added that Moscow's participation in discussions was necessary for ending the conflict. In recent months, Russia and Ukraine have intensified their struggle to for diplomatic support for their versions of ending the war. Ukraine hopes to persuade nations by pointing to the devastating effect of Russia's war of the grain exports many countries depend on.

Persons: Kremlin wasn't, Moscow —, Stefan Wolf Organizations: Kremlin, Moscow Times, Service, Birmingham University Locations: Ukraine, Saudi Arabia, China, Kyiv, Wall, Silicon, Russia, Jeddah, Beijing, Moscow, Russian, West, Brazil, India, South Africa, Denmark

☆ Switzerland defend team time trial mixed relay crown at worlds despite crash
▼ + stars: | 2023-08-08 | by ( ) www.reuters.com time to read: +1 min

Aug 8 (Reuters) - Switzerland successfully defended their team time trial mixed relay crown at the world championships on Tuesday despite a crash for Marlen Reusser. Stefan Bissegger, Stefan Kung and Mauro Schmid had a good start before they handed it over to the women's team consisting of Reusser, Elise Chabbey and Nicole Koller, when Reusser lost valuable time after a crash. Reusser is one of the favourites for the individual time trial but she did manage to quickly get back on her bike to continue. The crash did little to hurt their chances as Switzerland eventually finished with a time of 54 minutes and 16.20 seconds, a full seven seconds ahead of France while Germany were third. Britain were fourth, more than a minute behind, while Italy were fifth after Silvia Persico lost time due to a mechanical.

Persons: Stefan Bissegger, Stefan Kung, Mauro Schmid, Elise Chabbey, Nicole Koller, Reusser, Silvia Persico, Rohith Nair, Christian Radnedge Organizations: Britain, Thomson Locations: Switzerland, Swiss, Glasgow, France, Germany, Italy, Bengaluru

☆ Arsenal down Man City in shootout to win Community Shield
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +3 min

LONDON, Aug 6 (Reuters) - Arsenal beat Manchester City 4-1 in a penalty shootout to win the Community Shield on Sunday and strike the first blow in this season's rivalry between the two clubs. It's a marker to know we can go and beat Man City in a big game when it matters," Arsenal goalkeeper Aaron Ramsdale told ITV. The win extended City's run of defeats in Community Shield matches, following losses to Liverpool last season and Leicester City in 2021. "We have to pick ourselves up and go again," City goalscorer Palmer told ITV. "Hopefully we can win the treble again but it will be a difficult ask.

Persons: Fabio Vieira, it's, Aaron Ramsdale, I'm, Kai Havertz, Stefan Ortega, Pep Guardiola's, John Stones, Striker Erling Haaland, Cole Palmer, Palmer, Ramsdale, Phil Foden, Kyle Walker, Thomas Partey, Leandro Trossard, Kevin de Bruyne, Vieira, Pep, Aadi Nair, Pritha Sarkar Organizations: Arsenal, Manchester City, Premier League, Wembley, City, Man City, ITV, Arsenal's, Manchester United, Community, Liverpool, Leicester City, Thomson Locations: Man, Bengaluru

☆ Ukrainian snipers say they don't care for big leafy ghillie suits, but they're fans of these Western rifles
▼ + stars: | 2023-08-05 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

Ukrainian snipers rarely use ghillie suits, camouflage preferred by Western snipers, several marksmen told the Kyiv Post. For the US military, ghillie suit preparation is a key part of sniper training. A ghillie suit is not always necessary to achieve that though. But while they aren't fans of the ghillie suit, there's a few Western weapons they're fond of. The weapons that were tossed aside when these Western weapons showed up were the Soviet/Russian-made SVD "Dragunov " sniper rifles.

Persons: Vladimir Shtanko, Kyiv Post's Stefan Korshak, John Moore, Barrett MRAD, Barrett, Norma Magnum Organizations: Western, Kyiv Post, Service, Training Center, National Guard, Anadolu Agency, Getty, Kyiv, 28th Brigade, TAC, US Army, Marines, NATO Locations: Kyiv, Canada, Finland, Wall, Silicon, Novi Petrivtsi, Kiev, Ukraine, Ukrainian, Bakhmut, Soviet, Russia

☆ Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 bln
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A detail of a can of Coca-Cola is seen in London, Britain March 16, 2016. REUTERS/Stefan Wermuth/File PhotoAug 2 (Reuters) - Coca-Cola Europacific Partners (CCEPC.L) said on Wednesday it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world's largest Coca-Cola bottler by revenue and volumes. The deal to buy Coca-Cola's (KO.N) Philippines business in cash will be on 60:40 ownership structure between CCEP and Philippines conglomerate Aboitiz. CCEP has signed a non-binding term sheet and is in advanced discussions with AEV regarding a potential joint transaction, the company said in a statement. Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich and sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Wermuth, CCEP, Radhika Anilkumar, Rashmi Aich, sonia Cheema Organizations: REUTERS, Cola Europacific Partners, Cola Beverages, Aboitiz Equity Ventures, Thomson Locations: London, Britain, Philippines, CCEP, Western Europe, Australia, New Zealand, Bengaluru

But their cheap food, often produced on an industrial scale, has a high environmental price. German agriculture was responsible for 55.5 million metric tonnes of greenhouse emissions last year, roughly 7.4% of the country's emissions. During the "true cost" campaign, which runs until Saturday, customers at Penny's 2,150 branches, will be charged a price for nine products, from yoghurt to sausages and vegan schnitzel, that includes climate, health, soil and water costs. According to figures provided by Penny, organic products had environmental costs of an average of 1.15 euros, while non-organic products that relied on chemicals had an average environmental cost of 1.57 euros. It is unclear, however, whether consumers are prepared to pay more to reduce their environmental impact.

Persons: Read, Penny, Stefan Goergens, Goergens, Holger Meckel, I'm, Riham, Barbara Lewis Organizations: European Union, Reuters, Germany's Greens, Technical University of Nuremberg, University of Greifswald, Thomson Locations: Europe, BERLIN, Spain, Italy, Germany, Frankfurt, Penny's

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