Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

HEADLINES

Confectioner Ferrero Acquires Owners of Halo Top, Expanding North American Business

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 202

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 2023 is the projected closing date for the deal. Kinder, Tic Tac, and Nutella are already part of the Ferrero repertoire, but for the past five years, the European brand has been aggressively expanding into North America. The retail sales of chocolate and other candies reached a record $36.9 billion last year, according to the National Confectioners Association. Wells Enterprises, which was established in 1913, is now the secondlargest ice cream manufacturer in the United States, behind only Ben & Jerrys owner Unilever. Wells employs more than 4,000 people and produces more than 200 million gallons of ice cream annually. Read More..

B2B Tech News | 2 years ago          

US fund managers cross the Atlantic to buy European oil stocks

Investors who dont typically invest in Europe are being drawn in by the valuation difference between European and US supermajors. The $19 billion US e

Investors who dont typically invest in Europe are being drawn in by the valuation difference between European and US supermajors. The $19 billion US equities dividend fund managed by BlackRock just surpassed BP as its secondlargest position. Due to environmental concerns, some European fund managers steer clear of oil businesses. The S&P 500 energy subindex is up 53% in 2022, which is more than twice as much as the Stoxx 600 energy index in Europe. Despite being removed from the Dow Jones Industrial Average, ExxonMobil still has a market value of more than $400 billion in Europe. Read More..

B2B Tech News | 2 years ago          

HMC Capital launches $1 billion Last Mile Logistics fund with Sydney Mall

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail F

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail Fund will sell the Menai Marketplace in southern Sydney to the business for $150 million. The sale of Southlands Boulevarde to HomeCo Daily Needs REIT for $92.5 million also took place 12 kilometres south of the Perth city centre. As part of a Lendlease LML Fund strategy to reposition real estate into daily needs retailerfocused infrastructure, HDN has finished the acquisition of Southlands Boulevarde in Perth and Menai Marketplace in Sydney. The center, which has a low site coverage of 32% and is located in the Sutherland Shire, 30 km from Sydneys central business district, is anchored by a Woolworths store. Read More..

B2B Tech News | 2 years ago          

PepsiCo lays off hundreds of employees in North America

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys North American beverage, snacks, and packaged foods businesses. Despite rising prices, PepsiCo increased net revenue by 8.8% to $21.97 billion in the JulySeptember quarter. PepsiCo has announced the layoff of 1,000 employees, representing 1% of its workforce. Thousands of employees have already been laid off at Walmart, Ford, Netflix, and Tesla. Read More..

B2B Tech News | 2 years ago          

Asian FX falls as markets reopen in China, weighing on economic uncertainty

On Thursday, most Asian currencies slowly declined as uncertainty about a U.S. recession and conflicting economic signals from Japan countered optimis

On Thursday, most Asian currencies slowly declined as uncertainty about a U.S. recession and conflicting economic signals from Japan countered optimism about Chinas antiCOVID controls relaxing. China announced the largest COVID limitation easing to date, eliminating many movement restrictions and testing requirements. The Japanese yen decreased by 0.3%, reversing modest gains from Wednesday, as a result of data that revealed an unexpected thirdquarter current account deficit. Read More..

B2B Tech News | 2 years ago          

AD Ports Group signs a cooperation agreement with Africa Finance Corporation

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for,

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for, finance, and build infrastructure projects across Africa. AFC has contributed more than US$ 10 billion to infrastructure initiatives throughout Africa over the past 15 years. Africa has the fastestgrowing economies in the world, which calls for the construction of new ports and maritime infrastructure. In order to assist African countries in creating cuttingedge trade centres that can handle the expanding volume of marine trade, the UAE and AD Ports Group have inked a cooperative agreement. Read More..

B2B Tech News | 2 years ago          

Toshiba donates $42,000 to charities in South Dakota

Toshiba America Business Solutions donates $42,000 to the Sam Tronnes Memorial Foundation, LLC, a nonprofit organisation in Mitchell, South Dakota. Th

Toshiba America Business Solutions donates $42,000 to the Sam Tronnes Memorial Foundation, LLC, a nonprofit organisation in Mitchell, South Dakota. The Foundation awards scholarships to Mitchell High School seniors, and through the South Dakota Amateur Hockey Association, it also funds the purchase of sporting goods for underprivileged children. Since 2017, Toshiba has contributed more than $250,000 to support veterans, youth sports, and education, with the help of its business partners and dealers. Read More..

B2B Tech News | 2 years ago          

Angola promotes business with Africa, the Caribbean and the Pacific

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking f

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking financial resources and cuttingedge technology, but also the knowhow required to diversify and swiftly and effectively boost domestic production of goods and services. The idea was made by Nunes Junior at a business event that was held in conjunction with the Organization of African, Caribbean, and Pacific States 10th Summit, whose proceedings will culminate on Saturday. He claims that during the past five years, authorities have made significant efforts to make Angola a desirable location for both domestic and foreign businesses. Read More..

B2B Tech News | 2 years ago          



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   4972   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   3470   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3818   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   3984   

5.  Approximately 8 billion gadgets connect on the internet every day.
   5008   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.