Food & Drink

Nongfu Spring, the flagship beverage business of China’s richest man Zhong Shanshan, reported gains in sales and profit for the 2021 calendar year on Monday. It also noted pressure on costs in connection with the Russia’s invasion of Ukraine. Sales at the Hangzhou-headquartered company increased by 29.8% to 29.6 billion yuan, or about $4.1 billion;
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Most American farmers over-apply fertilizer. That’s the standard. It’s also a leading cause of waterway pollution and dead zones like the massive one in the Gulf of Mexico, as well as of soil degradation, loss of biodiversity and erosion. Yet fertilizer prices have risen so high that economic realities are starting to force a breaking
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Monde Nissin—controlled by tycoon Betty Ang and her family—plans to slash its spending budget this year to preserve cash amid spiraling commodity prices and the lingering impact of the Covid-19 pandemic on the economy. The company’s net profit slumped to 3.2 billion pesos ($61.3 million) in 2021, a 60% drop from the previous year, due
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Topline A majority of Wall Street’s biggest firms have recently been slashing their S&P 500 forecasts for this year, predicting lower stock market returns as the Federal Reserve raises interest rates to fight surging inflation and also warning about the economic impact from Russia’s invasion of Ukraine. Key Facts Barclays is the latest major firm
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Sometimes wine news can be as kooky as a Kardashian! Few people get too hepped up over wine news, but every once in while there’s the story that goes viral and lets the world know that wine is just as fun or wacky as the Kardashians. Like that underwear-clad guy who in 2020 flagged down
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