Climate change, future of work, and geopolitics are among the key topics at the World Economic Forum in Davos, Switzerland. PepsiCo (PEP) is no stranger to sustainability as the company launched PepsiCo Positive, with the goal of reaching net zero carbon emissions by 2040. PepsiCo CEO Ramon Laguarta joins Yahoo Finance Executive Editor Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate change, sustainability, and more. It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year. Editor's note: This article was written by Nicholas Jacobino
Climate change, future of work, and geopolitics are among the key topics at the World Economic Forum in Davos, Switzerland. PepsiCo (PEP) is no stranger to sustainability as the company launched PepsiCo Positive, with the goal of reaching net zero carbon emissions by 2040.
PepsiCo CEO Ramon Laguarta joins Yahoo Finance Executive Editor Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate change, sustainability, and more.
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
Editor's note: This article was written by Nicholas Jacobino
Reuters
Toy makers grappling with surging costs in China are finding no easy options when it comes to shifting production to cheaper centres elsewhere. Six years ago, monopoly maker Hasbro approached Indian durable goods and aerospace supplier Aequs to sub-contract. "They said if you can get into toy manufacturing, now we're looking to shift millions of dollars worth of product from China to India," Rohit Hegde, Aequs' head of consumer verticals, told Reuters.
Reuters
Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back of rebounding demand. The likely decline in profit also reflects a strong performance in 2022, when the company, whose customers include Apple and Nvidia, was still riding high on pent-up post-pandemic demand. The world's largest contract chipmaker is set to report net profit of T$226.4 billion ($7.21 billion) for the October to December period - its third straight quarter of profit decline, according to an LSEG SmartEstimate drawn from 20 analysts.
South China Morning Post
A Chinese court's decision recognising the copyright of an image generated via artificial intelligence (AI) aims to encourage such creations and provide a boost to this nascent industry, according to the judge who made the landmark ruling. In the first judgment of its kind in mainland China, the Beijing Internet Court last November ruled that a picture, generated via the text-to-image software Stable Diffusion, should be considered an artwork under the protection of copyright laws, because of th
South China Morning Post
Chinese internet giants Alibaba Group Holding and TikTok each put their technological prowess on display last week at CES 2024 in Las Vegas, where their respective artificial intelligence (AI) and live-streaming e-commerce products set the tone for how they plan to embed themselves further into daily life in overseas markets. Alibaba.com, the international business-to-business wholesale marketplace of South China Morning Post owner Alibaba, launched its Smart Assistant feature at the world's lar
SmartAsset
If you’ve got more money, you’ve got more retirement options. High-income earners have substantial resources at their disposal, presenting the potential for massive gains and crushing losses. However, practical strategies and careful financial decisions can help you retire as a multi-millionaire. High-income earners often have different retirement needs than others. Here’s how much high-income earners […] The post How Much High-Income Earners Have Saved for Retirement appeared first on SmartRead
Bloomberg
(Bloomberg) -- French software firm Atos SE is demanding Czech billionaire Daniel Kretinsky pony up more cash as talks over the terms of his acquisition of Tech Foundations drag on.Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinWhat Is Disease X? How Scientists Are Preparing for the Next PandemicApple to Pull Blood-Oxygen Tool From Watches to
Bloomberg
(Bloomberg) -- Oil rose as the continued Houthi attacks on ships in the Red Sea that are keeping tensions high in the Middle East were offset by a shaky global economic outlook and gains in the dollar.Most Read from BloombergTrump Scores Easy Win in Iowa With DeSantis a Distant SecondIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaWhat Is Disease X? How Scientists Are Preparing for the Next PandemicApple to Pull Blood-Oxygen
Bloomberg
(Bloomberg) -- De Beers made one of the steepest cuts to its diamond prices in years, as the world’s top producer tries to revive gem sales after the market ground to a halt.Most Read from BloombergIowa Latest: Biden Calls Trump ‘Clear Frontrunner’ After WinUS Merchant Vessel Struck as Shippers Told to Avoid Red SeaTrump Scores Easy Win in Iowa With DeSantis a Distant SecondApple to Pull Blood-Oxygen Tool From Watches to Avoid US Ban If Appeal FailsWhat Is Disease X? How Scientists Are Preparing
Reuters
Citi analysts said the profit miss was "a reminder of how much the company is investing to support top line momentum". Hugo Boss last year opened a "digital campus" with consultancy Metyis, aiming to make better use of data to improve its online sales. Shares in the German premium fashion group gained 25% over 2023 as investors grew more confident about the firm's brand revamp that has brought in new customers in Asia and helped it maintain sales momentum despite weak demand in Europe.
The Wall Street Journal
Apple is removing a blood-oxygen sensor from some of its smartwatches to get around a patent dispute related to the technology, a step likely to avoid further sales disruptions but one that may raise questions about the company’s push into health. The company halted sales of some watch models briefly last month after a U.S. import ban went into effect stemming from an October ruling by the U.S. International Trade Commission. The trade agency found Apple had violated the patents of medical-technology company Masimo related to the blood-oxygen tool.
Reuters
Attacks by Houthi militants in Yemen on ships in the Red Sea have led to soaring costs for European coffee roasters, though these are unlikely to be passed onto consumers soon, coffee traders and industry analysts said. Container freight rates have jumped by some 150% on the Asia-Europe route and many bean deliveries to Europe from top robusta producers such as Vietnam and Indonesia have been delayed by up to three weeks as ships take a detour through the Cape of Good Hope. Brokers say they have, as a result, seen a jump in regional prices there, which again means higher costs for roasters.
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