Food and Beverage Sector
Coca-Cola to lay off 750 workers in US
Mar 21, 2013 13:18 EDT
US soft drinks giant Coca-Cola will cut 750 jobs in the United States as part of a restructuring of its North America operations, a company spokesman said Thursday.
French prime minister arrives in Canada for official visit
Mar 13, 2013 19:21 EDT
France's Prime Minister Jean-Marc Ayrault landed in Ottawa on Wednesday for a four-day visit that includes talks with his Canadian counterpart on quickening Canada-EU free trade negotiations.
Coca-Cola accused of illegal mapping in China
Mar 13, 2013 07:45 EDT
US soft drinks giant Coca-Cola is "cooperating fully" with Chinese authorities on allegations that it illegally mapped part of a southwestern province as part of its distribution operations, it said Wednesday.
'Fewer buying processed meat' after horsemeat scandal
Mar 13, 2013 06:02 EDT
Six in 10 Britons have changed their shopping habits following the horsemeat scandal, with many buying less processed meat, while consumer confidence in the food industry has plummeted, a survey published Wednesday suggests.
Report raises concern over Europe's land-use footprint
Mar 08, 2013 12:59 EST
Imports to meet Europe's ever-growing food demand require it using land beyond its borders roughly the size of Scandinavia, according to a new study that urges belt-tightening.
China's soaring wine consumption slows down
Mar 08, 2013 02:49 EST
China will retain its crown as the world's fastest growing wine consumption market although the rate is tipped to slow significantly after years of explosive expansion, according to a new study.
Global food prices stable in February: UN agency
Mar 07, 2013 05:38 EST
Global food prices remained stable in February from the previous month and wheat harvests are set to increase by 4.3 percentage points this year, the UN's food agency in Rome said on Thursday.
Taiwan, US to reopen stalled trade talks next week
Mar 06, 2013 08:48 EST
Taiwan and the United States will resume stalled trade talks next week after Taipei removed a six-year-old ban on some US beef imports, officials said Wednesday.
Cadbury accused of evading taxes in India, report claims
Mar 06, 2013 01:14 EST
Indian tax authorities have accused the local unit of chocolate giant Cadbury of evading $46 million in taxes by pretending to produce sweets at a factory that did not exist, according to a report.
Horsemeat found at British Taco Bell restaurants
Mar 01, 2013 10:43 EST
Horsemeat has been found in ground beef supplied to Taco Bell's three restaurants in Britain after tests sparked by Europe's sprawling food scandal, the US fast food giant said Friday.
S.Africa to probe donkey meat scandal
Feb 28, 2013 09:46 EST
South Africa has launched an "urgent" investigation into how unlabelled donkey, water buffalo and goat got into meat products sold in supermarkets.
Russia finds horsemeat in sausages
Feb 27, 2013 17:06 EST
Russia said Wednesday it had found horsemeat in a shipment of pork sausages imported from Austria in its first known case of horsemeat contamination as the scandal spread further across Europe.
Malaysia's Sime Darby profit slides further in Q2
Feb 27, 2013 14:57 EST
Malaysian conglomerate Sime Darby said Wednesday that its net profit fell for the third time in a row with a drop of 35.7 percent in the second quarter on the back of lower crude palm oil prices.
Ikea says horsemeat in meatballs, pulls more dishes
Feb 27, 2013 12:18 EST
Ikea said Wednesday it was withdrawing more food products from its stores in Europe as tests confirmed the presence of horsemeat in its meatballs.
Supermarkets urged to sell more British meat
Feb 27, 2013 11:21 EST
Supermarkets must start supporting high quality British produce, farming leaders said on Wednesday amid the horsemeat scandal.
Tesco vows to sell meat from 'closer to home'
Feb 27, 2013 06:40 EST
Tesco will bring meat production closer to home as part of measures in response to the horsemeat scandal, its chief executive said on Wednesday.
US lawsuit claims 'King of Beers' is watered down
Feb 26, 2013 20:00 EST
The makers of Budweiser faced accusations on Tuesday of watering down the popular American lager in search of higher profits, in a class action lawsuit flatly rejected by the brewery.
London shares close lower on Italy impasse
Feb 26, 2013 12:33 EST
London shares closed lower on Tuesday as dealers assessed the fallout of Italy's political impasse after elections in the indebted eurozone country.
Study finds donkey meat in S.African burgers
Feb 26, 2013 10:25 EST
Unlike Europeans, South Africans do not unwittingly eat horse in their beef burgers and sausages, but they do eat donkey, water buffalo and goat according to a study by the Stellenbosch University.
Nestles buys US medical nutrition company Pamlab
Feb 26, 2013 09:39 EST
Swiss food giant Nestle said Tuesday that it had acquired Pamlab, a US-based company specialised in medical nutrition, as the company pushes further into what it considers a growth segment.
