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How Nescafé instant coffee is made
  + stars: | 2024-03-02 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: 1 min
Americans consumed over 1.3 billion cups of Nescafé last year, helping the brand become Swiss-based food giant Nestlé's largest coffee segment. With sales in over 180 countries, one in seven cups of coffee consumed worldwide is a Nescafé. Nescafé works with over 100,000 farmers, buys more than 13 million bags of green coffee annually and has two dozen factories globally. So how is Nescafé instant produced? To find out, CNBC traveled to Vietnam, the world's second-largest exporter of coffee behind Brazil, to get a look at Nescafé operations.
Organizations: Inter, American Development Bank, CNBC Locations: Swiss, Vietnam, Brazil
When Shawn Fain, the United Automobile Workers president, unveiled the deal that ended six weeks of strikes at Ford Motor in the fall, he framed it as part of a longer campaign. “One of our biggest goals coming out of this historic contract victory is to organize like we’ve never organized before,” he said at the time. “When we return to the bargaining table in 2028, it won’t just be with the Big Three. It will be the Big Five or Big Six.”Four months later, the first test of that strategy has come into focus, and it features a Volkswagen plant in Chattanooga, Tenn. According to the union, more than half of over 4,000 eligible workers have signed cards indicating support for a union.
Persons: Shawn Fain, , Stellantis Organizations: United Automobile Workers, Ford Motor, Workers, Ford, General Motors Locations: Chattanooga , Tenn
Inside Nestle's instant coffee business
  + stars: | 2024-03-02 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInside Nestle's instant coffee businessIn Vietnam's Central Highlands growers eagerly await the annual coffee harvest in October when coffee cherries turn deep red in color. Vietnam is the world's second largest exporter of coffee behind Brazil which produces about 40% of the globe's coffee supply. Fluctuating coffee prices and high labor costs have caused financial difficulties for farmers in recent years. To keep up with demand Nescafé works with over 100,000 farmers and buys more than 13 million bags of green coffee annually.
Locations: Highlands, Vietnam, Brazil
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey competitors to Baidu's cloud business are not Alibaba or Tencent: AnalystShawn Yang of Arete Research says that Baidu is "still doing better" than Alibaba or Tencent when it comes to AI development.
Persons: Shawn Yang, Arete, Baidu Organizations: Arete Research
Sweden this week became the newest member of the NATO alliance. On Tuesday, Hungary's parliament voted to approve Sweden's NATO membership in a move that may be exactly what the West needs to counter Putin and his underhand tactics. Sweden has accused Russia of spreading misinformation about Koran burnings to damage its bid for NATO membership. NATO has some major challengesDespite the boost from Sweden's membership, NATO still faces some of the gravest challenges in its history. "The same is true for Finland and Sweden's NATO membership."
Persons: , Vladimir Putin, He's, Putin, Oscar Jonsson, JONATHAN NACKSTRAND, Nima Khorrami, St, Russia's, It's, Shawn Coover, Emmanuel Macron, Jonsson, Khorammi, Donald Trump Organizations: NATO, Service, Russia, Swedish Defence University, Business, Forces, Swedish Amphibious Corps, US Marine Corps, Stockholm Archipelago, Getty, Arctic Institute, Staff, US Locations: Sweden, Ukraine, Russian, Hungary's, Russia, Baltic, Europe, Stockholm, NATO, St Petersburg, Kaliningrad, USSR, Crimea, South Carolina, Western, Finland
In a market bedazzled by flashy growth stocks, Torray Investment Partners instead runs a fund that's trying to redefine what value is. The Torray Fund , founded by the late Robert Torray in 1990, is ahead 7.4% so far this year, outpacing the 6.5% gain in the S & P 500. Apart from the Torray Fund, the firm manages four other concentrated portfolios that also hold between 20 and 30 companies. These portfolios are separately managed accounts of either concentrated large growth companies, small- and mid-capitalization growth names, large value companies and equity income. Compared to other large value funds, Torray is overweight in all three.
Persons: iShares Russell, Jeffrey Lent, Robert Torray, Berkshire Hathaway, Morningstar, Lent, Shawn Hendon, Eaton, McLennan, Hendon, Torray, it's Organizations: Torray Investment Partners, Value, Torray, Russell, Berkshire, American Express, Marsh, Financial, Morningstar, Applied Materials, Qualcomm, Nvidia Locations: Eaton, Berkshire
The documentary was initially conceptualized as a way to follow Williams' career comebackWendy Williams in the documentary "Where Is Wendy Williams?" AdvertisementAs Williams' erratic behavior intensified, the doc's focus shifted to her family's concernKevin Hunter Jr. in "Where Is Wendy Williams?" Producers said they wouldn't have filmed Williams if they were aware of her dementia diagnosisWendy Williams in the documentary "Where Is Wendy Williams?" Wendy Williams in the documentary "Where Is Wendy Williams?" Williams is now at an undisclosed medical facilityWendy Williams in the documentary "Where Is Wendy Williams?"
Persons: , Wendy Williams, Watchers, Wendy Wiliams, Williams, Sabrina Morrissey, Mark Ford, Ford, Kevin Hunter Jr, Will Selby, Shawn Zanotti, Tommy Williams, Tommy Williams Jr, Wanda Finnie, Alex Finnie, Travis Finnie, Producers, Aramide Tinubu, Wendy, Today.com, Hunter, I've, Wanda, Alex Organizations: Service, Business, TMZ, Hollywood Reporter, E Television Networks, Lifetime, Variety Locations: New York, Williams ' New York
Khorram allegedly ordered prostitutes and illicit drugs for Combs and his guests and according to the lawsuit, Jones believed Khorram “aided and abetted” Combs’ sexual assault. “Our attempts to share this proof with Mr. Jones’ attorney, Tyrone Blackburn, have been ignored, as Mr. Blackburn refuses to return our calls. “This was done to ease Mr. Jones’ anxiety concerning homosexuality,” the suit alleges. In a statement to CNN, he called Jones’ allegations “false.”“My lawyer will be handling this going forward,” Stevie J added. Combs was present while Mr. Jones was being assaulted by Cuba Gooding Jr.,” the suit alleges.
Persons: CNN —, Sean “ Diddy ” Combs, ” Rodney “, Rod ” Jones, videographer, Combs, Jones, Combs ’, Kristina Khorram, Sir Lucian Grainge, Justin, Justin Combs, Khorram, Khorram “, abetted ” Combs, , DeLeon Tequila, Grainge, Habtemarian “, ” Jones, Shawn Holley, Sean Combs, , ” Holley, Tyrone Blackburn, Blackburn, “ Justin Combs, Sean, Diddy, Chris Pizzello, Steven ‘ Stevie J ’ Jordan, Stevie J, , Oscar, Cuba Gooding, Jr, Mr, “ Mr, ” Gooding, Casandra Ventura, ” Ben Brafman, Ventura, ” Weeks, ” Combs, Rodney Jones, Lucian Grainge, Grainge “ Organizations: CNN, Universal Music Group, Motown, Ethiopia, Khorram, Billboard, Islands, Motown Records, Cuba Locations: New York, Los Angeles
A music producer accused Sean 'Diddy' Combs of sexual assault, according to The New York Times. AdvertisementA music producer is the latest to accuse Sean 'Diddy' Combs of sexual assault on the back of several sexual misconduct lawsuits last year. Jones accused Combs of repeated unsolicited groping and forcing Jones to perform sexual acts on prostitutes. Combs' lawsuit troubles began in November 2023 when his ex-girlfriend Casandra "Cassie" Ventura accused Combs of raping and abusing her during their decadelong relationship. AdvertisementHere's a brief timeline of the sexual assault allegations Combs has faced in the last few months.
Persons: Sean, Diddy, Combs, , Rodney Jones Jr, Lil Rod, Jones, Shawn Holley, Holley, Tyrone Blackburn, Blackburn, Casandra, Cassie, Ventura, Here's Organizations: The New York Times, Service, Combs Locations: Manhattan
On a cold winter day, there’s nothing better than a cozy room that invites you to sink into a comfortable chair and curl up with a fuzzy throw. “No matter what type of home I’m working on, whether it skews more contemporary or more traditional, my goal is always to create something that’s cozy, warm and inviting,” said Shawn Henderson, an interior designer based in New York. “Most people seek that sense of comfort and security.”David Jimenez, an American designer based in Paris, has different words for that feeling. “You can call it coziness,” he said, “but you can also call it making a space feel more layered, more comfortable, more casual. It all adds up to the same idea: You feel like you want to put your feet up.”
Persons: , Shawn Henderson, ” David Jimenez Locations: New York, American, Paris
Sean Combs was sued on Monday by a music producer who accused the hip-hop mogul of making unwanted sexual contact and of forcing him to hire prostitutes and participate in sex acts with them. The latest misconduct allegation against Mr. Combs was filed in Federal District Court in Manhattan by Rodney Jones Jr., also known as Lil Rod. In 2022 and 2023, Mr. Jones says in his suit, he worked on what became “The Love Album: Off the Grid,” the latest album by Mr. Combs, the hip-hop and R&B impresario who has variously been known as Puff Daddy and P. Diddy. Mr. Jones says he served as a producer on nine of the album’s tracks and lived with Mr. Combs for months at a time. His reckless name-dropping about events that are pure fiction and simply did not happen is nothing more than a transparent attempt to garner headlines.
Persons: Sean Combs, Combs, Rodney Jones Jr, Lil Rod, Jones, Diddy, ” Mr, Mr, Shawn Holley, Organizations: Court Locations: Manhattan
CNN —BYD is a Chinese carmaker that recently unseated Tesla as the world’s leading seller of electric vehicles. Its new all-electric Yangwang U9 has nearly 1,300 horspower and is designed to compete directly with Lamborghini and Ferrari. As an electric supercar, the Yangwang U9 combines power and performance similar to a 1,800-horsepower, $2 million Rimac Nevera, but in a package costing less than gasoline-powered cars from the famous Italian automakers. Tesla chief executive Elon Musk has said that Chinese EV makers like BYD could “demolish” other automakers as the industry transitions to electric vehicles. ]”A rear view of the BYD Yangwang U9 electric car in Shenzhen, China, earlier this year.
Persons: Tesla, BYD, Elon Musk, ” Carlos Tavares, Stellantis, Qilai Shen, Stephan Winkelmann, CNN’s Shawn Feng Organizations: CNN, Lamborghini, Ferrari, Dolphin, Elon, Jeep, Fiat, Bloomberg, Getty Locations: Chinese, Europe, New York, Shenzhen, China
CNN —A man set himself on fire outside the Israeli Embassy in Washington, DC, on Sunday, according to a statement from the Washington Metropolitan Police Department. The adult male was transported by DC Fire and EMS to a local hospital and remains in critical condition, MPD said. By the time firefighters were dispatched to the scene, the fire had already been extinguished by US Secret Service, according to Vito Maggiolo, a public information officer from DC Fire. MPD is working with the Secret Service and the Bureau of Alcohol, Tobacco, Firearms and Explosives to investigate the incident. CNN’s Rafael Romo, Jaide Timm-Garcia and Shawn Nottingham contributed to this report.
Persons: Vito Maggiolo, , CNN’s Rafael Romo, Jaide Timm, Garcia, Shawn Nottingham Organizations: CNN, Embassy, Washington Metropolitan Police Department, Metropolitan Police Department, United States Secret Service, DC Fire, US, DC, US Secret, Secret Service, Alcohol, Tobacco, Firearms, Explosives, Consulate Locations: Washington ,, Atlanta
In the crowded race to succeed the late Senator Dianne Feinstein of California, Steve Garvey stands out both for his celebrity and for how little he has actually campaigned. At community forums, the former baseball star turned pitchman has been a serial no-show. The 75-year-old Republican, a political novice, has raised only a sliver of the tens of millions of dollars needed to win a statewide race in California. Yet with only two weeks left until the March 5 primary, Mr. Garvey stands to win one of two November runoff spots despite facing three experienced Democratic members of Congress and a host of other contenders. While Representative Adam Schiff has widened his overall lead, polls suggest that Mr. Garvey could beat Representative Katie Porter for second place in California’s unusual “jungle” primary.
Persons: Dianne Feinstein, Steve Garvey, pitchman, Garvey, Adam Schiff, Katie Porter Organizations: California Locations: California
On February 4, Messi’s absence from the match between Inter Miami and the Hong Kong XI team sparked significant backlash. Many on Weibo questioned how the star was able to make such a quick recovery three days after the Hong Kong game. Others lashed out against what they saw as disrespect for Hong Kong – and China. In Monday’s video, Messi denied that his absence was due to political reasons and reiterated that he was unable to make the game because of an inflamed adductor that had worsened the day before the game in Hong Kong. “I’ve had a very close and special relationship with China and I’ve done a lot of things in China,” Messi said in the video.
Persons: Lionel Messi, Messi, Weibo, “ I’ve, ” Messi, , Hong Kong, XFEST, CNN’s Simone McCarthy, Chris Lau Organizations: CNN, Inter Miami, Hong Kong XI, Argentina’s, Vissel, Weibo Locations: Hong Kong, Weibo, Vissel Kobe, Tokyo, China, China’s Sichuan, Beijing
New York CNN —“Madame Web” swung to No. In November, “The Marvels” saw a lackluster $47 million in domestic sales its opening weekend, and DC’s “Aquaman and the Lost Kingdom” opened in December to a feeble $27.6 million. It’s still too soon to estimate gross domestic sales for “Madame Web,” but, by the time it exited theaters, “Morbius” had made just $73 million. But “Madame Web,” which released February 14, struggled to gain upward momentum even along its six-day opening, which straddled two holidays: Valentine’s Day and Presidents’ Day. Recent months have seen musical box office hits like “Wonka,” “Mean Girls,” and successful concert films from both Beyonce and Taylor Swift.
Persons: , Bob Marley, Web, , BoxOffice, Shawn Robbins, Madame Web’s, ” theatergoers, DC’s, Paul Dergarabedian, ‘ Deadpool, Venom ”, It’s, Madame, Morbius ”, Robbins, “ Wonka, Beyonce, Taylor Swift, Bob Marley’s, ” Dergarabedian, Compton ” Organizations: New, New York CNN, Sony Pictures, Disney’s Marvel Studios, Marvel, Sony, BoxOffice Pro, Avengers, Warner Bros, CNN, Comscore, Locations: New York, Comscore
These bands of snow just completely have missed Hayward," Shawn Connelly, the Birkebeiner Ski Foundation's marketing and communications director, said. The climate crisis is altering our winters forever — making them warmer, shorter, and less predictable. "I could not have envisioned a scenario where we could not make snow or we had no snow in January. Peter McClellandWith warmer weather eating into the peak of the season, it's getting harder and harder to sustain a winter-based business. If we get low snow, we're going to find that snow and use it as best we can to get out there."
Persons: Jocie Nelson, Nelson, Hayward, Shawn Connelly, Alexander Gottlieb, Justin Mankin, Snowpack, Gottlieb, we're, Claire Wilson, couldn't, Wilson, It's, Peter McClelland, McClelland, we've, Glenn Albrecht, , Alexander Lee, it's, Kate Nordstrum, Nordstrum, Connelly, Alexandria Herr Organizations: Office, Northern, Nelson, Loppet Foundation, Alaska Pacific University, Loppet Locations: Minnesota, Hayward , Wisconsin, Midwest, Minneapolis, Minnesota's, Southwest, New York City, Great, Alexandria, Brooklyn
A 2020 election denier’s tumultuous reign atop the Michigan Republican Party had only recently begun. Since then, the strike has ended and the top union representing Michigan autoworkers, United Auto Workers, has endorsed President Joe Biden. State party turmoilAhead of his visit, Trump and his allies sought to put an end to turmoil within the Michigan Republican Party, which has faced a reckoning over its readiness for the 2024 election. The state party ousted its chair, Kristina Karamo, last month in the face of internal strife and lackluster fundraising. The recent Fox News survey from Michigan found Biden leading Trump 53% to 41% among union households.
Persons: Donald Trump, Trump, Joe Biden, Nikki Haley –, Stormy Daniels, Friday’s, , Biden, Hillary Clinton’s, Haley, Kristina Karamo, Pete Hoekstra, Hoekstra, Democratic Sen, Debbie Stabenow, , Jason Cabel Roe, it’s, – Trump, Trump’s, Shawn Fain, ” Trump, Fain, ” Fain, Cabel Roe, “ There’s Organizations: CNN, Michigan, Republican, GOP, Michigan Republican Party, Michigan autoworkers, United Auto Workers, Republicans, South Carolina Gov, Michigan GOP, Trump, Fox, Sneaker Con, South Carolina Army National Guard, Republican National, White House, Democratic, doesn’t, Republican Party, Biden, Big, Teamsters, UAW Locations: California, Michigan, New, York, , Georgia, Waterford Township, Detroit, Waterford, Trump’s Michigan, , Philadelphia, South Carolina, State, Netherlands, Washington ,, Wisconsin, Pennsylvania
DETROIT – The United Auto Workers is threatening a labor strike at Ford Motor's largest U.S. plant if local union demands aren't resolved by next week. The Detroit union on Friday said nearly 9,000 UAW autoworkers at Ford's Kentucky Truck Plant could strike at 12:01 a.m. on Feb. 23 if local contract issues remain. The plant — Ford's largest in terms of employment and revenue — produces Ford Super Duty pickups as well as the Ford Expedition and the Lincoln Navigator SUVs. Local contracts differ from the national agreements that the union ratified late last year with Ford, General Motors and Chrysler parent Stellantis . The union said "core issues in Kentucky Truck Plant's local negotiations are health and safety in the plant, including minimum in-plant nurse staffing levels and ergonomic issues, as well as Ford's continued attempts to erode the skilled trades at Kentucky Truck Plant."
Persons: Shawn Fain, aren't, Ford's Organizations: United Auto Workers, Detroit, DETROIT –, Ford Motor's, UAW, Ford, Ford Expedition, Lincoln, General Motors, Chrysler, Kentucky Locations: Kentucky
The report finds that, in 2023, there were 470 work stoppages — 466 of which were strikes. In total, around 539,000 workers were involved in work stoppages last year. And while most work stoppages involved workers in unions, around a fifth were actually helmed by nonunion workers — meaning they had less protection than their unionized counterparts. A common misperception around strike activity, he said, is that union leaders are pushing workers to go on strike when they don’t want to. “Unions are more willing to use the strike weapon after it being pretty quiet for quite a while,” Colvin said.
Persons: uptick, ” Alex Colvin, , Colvin chalks, , Colvin, Shawn Fain, that's, ” Colvin, they're, Uber, Organizations: Service, UAW, Labor, School of Industrial and Labor Relations, Cornell University, Employment Relations School, University of Illinois, Business, Kaiser Permanente, Los Angeles, Cornell, SAG, of Labor Statistics, Locations: Hollywood
Why Nescafé instant coffee sales are surging
  + stars: | 2024-02-14 | by ( Shawn Baldwin | Jeniece Pettitt | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Nescafé instant coffee sales are surgingAmericans drank an estimated 517 million cups of coffee daily in 2022 spending almost $110 billion on the beverage that year. Cold brews, expresso-based beverages and perfectly roasted beans are among the top drinks for today's coffee aficionados. But one segment of the U.S. market has given up ground. Instant coffee, the kind that dissolves in hot water, has seen consumption fall to just 4% of American coffee drinkers. By comparison 25% of the coffee consumed globally is instant.
Locations: U.S
How Nescafé came to dominate the instant coffee market
  + stars: | 2024-02-14 | by ( Shawn Baldwin | ) www.cnbc.com   time to read: +1 min
Soluble coffee accounts for about a quarter of the beverage consumed globally, according to Brazilian Instant Coffee Industry Association, and that number is rising. "People often think that people have stopped drinking instant coffee because we have so much specialty coffee in abundance today," said coffee expert Jake Leonti at food and beverage consulting firm F+B Therapy. Known for its affordability and convenience, instant coffee is known as the black sheep of the coffee world. And yet 6,100 cups of Nescafé instant coffee are consumed every second, according to the company, Swiss-based food giant Nestlé's largest coffee brand. Worldwide one in seven cups of coffee consumed is a Nescafé.
Persons: Jake Leonti Organizations: National Coffee Association, Overseas, Instant Coffee Industry Association, CNBC Locations: Swiss, Vietnam, Brazil
CNN —Two Chinese fishermen have drowned during a pursuit by Taiwan’s coast guard for trespassing off the coast of Taiwan’s Kinmen islands. According to the coast guard, an unnamed mainland Chinese vessel had trespassed within about one nautical mile off the coast of Kinmen - which lies nearer to mainland China than to Taiwan. The vessel capsized while attempting to flee, causing four crew members aboard to fall into the water, it said. “The coast patrol boat rescued two crew members and found another two unconscious crew members in the sea,” the coast guard said in a statement Wednesday, adding that the two unconscious members were confirmed dead after being taken to the hospital. The coast guard said they would contact the fishermen’s families through official channels.
Persons: , Taiwan’s Organizations: CNN, China’s Taiwan Affairs Office, Chinese Communist Party, Taiwan, Taiwan Affairs Office, Democratic Progressive Party of Locations: Taiwan’s, Kinmen, China, Taiwan
The Cape Ray shipwreck is an example of a wider phenomenon, experts say, where climate change-fueled storms are uncovering the world’s underwater history — but also destroying it. Shawn Bath, of the Clean Harbours Initiative, works to secure the shipwreck in Cape Ray, Newfoundland, Canada. Courtesy Shawn Trevor/Clean Harbours InitiativeA section of shipwreck that washed ashore is seen in Cape Ray, Canada. Forecasts suggest wind gusts of 25 mph around Cape Ray with waves up to 20 feet. In Cape Ray, Croft and Bath are doing all they can to protect the mysterious wreck.
Persons: Shawn Bath, Trevor Croft, ” Croft, Fiona, Shawn Trevor, Croft, Lisa Briggs, , , Briggs, ” Briggs, that’s Organizations: CNN, Cranfield University Locations: Newfoundland, Canada, Cape Ray, Coast, French, British, Bath, seabeds,
Do you need to rinse your chicken before you cook it?
  + stars: | 2024-02-13 | by ( Casey Barber | ) edition.cnn.com   time to read: +6 min
CNN —Despite what your elders may have told you, you don’t need to rinse raw chicken or any other poultry or meat before prepping and cooking it. When rinsing chicken, bacteria such as salmonella can be transferred via the water to your kitchen surfaces, leading to potential cross contamination of other ingredients. Bacteria was found in the sinks of 60% of cooks who rinsed raw chicken as part of a 2019 USDA study. “Use paper towels, even more than you think you need,” Matijevich said, and pat the chicken dry or let the paper towels soak up the excess liquid. If they are used to clean up raw poultry juice, they should also go in the dishwasher on the sanitize cycle,” Schaffner said.
Persons: , Shawn Matijevich, ” Matijevich, Donald Schaffner, Sarah McEwan, iStockphoto, ” Schaffner, Casey Barber Organizations: CNN, US Department of Agriculture, Institute of Culinary Education, Rutgers University Locations: USDA, New York City, New Jersey
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