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Bworld Trading
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Campbell Soup stated on Thursday that it is selling its international and fresh food businesses as the 149-year-old condensed soup maker flounders to regain its financial footing and refocus on its signature packaged foods.

The company is unwinding efforts by former CEO Denise Morrison to branch into healthier and more fresh foods to double down on product lines it knows well, such as snacks, meals, and beverages. Morrison’s unexpected departure was announced in May when the company said it was conducting a top-to-bottom review of its holdings after releasing what the executives called “unacceptable” earnings.

#Bworld #BworldTech #News #Campbells #DeniseMorrison #ConsumerProduct
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China’s biggest ride-hailing company Didi Chuxing has now suspended its carpooling services after a passenger was killed. The company is also likely to face tighter oversight that will squeeze driver numbers and extend customer waiting times.

The incident follows a similar killing by a Didi driver last May. This triggered public and government backlash and created an opening for rival services to chip away at Didi’s dominance in China, according to industry analysts.

#Bworld #BworldTech #Automotive #Didi #China #ChengWei
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Ericsson increased its mobile networks market share during the second quarter, while Samsung Electronics ranked into the fourth place, according to the data from research firm Dell’Oro.

Ericsson, which is the second largest maker of radio access network (RAN) gear, as well as Samsung benefited from the increasing US demand as China’s ZTE slipped into the fifth place following US sanctions in April.

#Bworld #BworldTech #Technology #Samsung #Ericsson #NetworkShare
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The dollar ended its five-day losing streak on Thursday and the euro dropped on Thursday as the greenback was buoyed by political uncertainty, a new round of trade tariff talks, and the Federal Reserve’s most recent policy meeting minutes, which pointed to a September rate rise.

Even if the minutes were just what has been expected and was primarily taken as dovish by the market, analysts suggest that dollar bulls had been looking for an excuse to stack back into the greenback after it had slipped more than 2 percent from the 14-month highs during its lengthiest losing streak for the year so far.

#Bworld #BworldTech #News #Dollar #FederalReserve
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Oil prices increased on Wednesday on a slip in US crude inventories and a weaker dollar, while concerns about a potential shortfall in Iranian supply from November due to US sanctions also propped up prices.

Brent crude oil futures were at $72.90 per barrel, higher 27 cents, or 0.37 percent, from their last close.

#Bworld #BworldTech #Economy #OilPrice #CrudeOil #OPEC
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Tesla chief executive officer Elon Musk indicated that the automaker could take around three years to come up with a low-cost version of a car, even he also admitted that such a goal would be “really tough” to do on the backdrop of the sector’s economics and competition.

In the midst of the recent turmoil surrounding Musk’s stated goal to take Tesla private, the CEO sat down and participated in an interview to discuss the future of electric cars. Musk explained that the company’s comparatively smaller scale made it difficult to compete against major producers like General Motors and Ford, with their massive scale in an “insanely competitive industry.”

#Bworld #BworldTech #Automotive #ElonMusk #Tesla #CEO
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Beverage and snack maker PepsiCo announced on Monday that it plans to acquire at-home carbonated drink maker SodaStream for $3.2 billion.

The New-York based company agreed to whip out $144 per share in cash for SodaStream’s outstanding stock. This is a 32 percent premium on its 30-day volume weighted average price.

#Bworld #BworldTech #ConsumerProducts #PepsiCo #Soda #NewYork
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White House economic advisor Larry Kudlow confirmed that the US and China will resume trade talks later this month, but warned that US President Donald Trump has a strong determination to make sure that the US gets a good deal.

Kudlow serves as the director of the National Economic Council and is one of Trump’s top advisors. His office will likely be involved when Chinese delegation touches down in the US later in the month to hold trade discussions. However, he said during an interview that David Malpass, who is the undersecretary of the Treasury for international affairs, will act as the lead.


#Bworld #BworldTech #Economy #LarryKudlow #USChina #Summit
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Home Depot reported second-quarter earnings and sales that far exceeded expectations, enjoying the benefits of a warmer start to the summer.

The home improvement seller had a floundering spring season. Now it raised its outlook for revenue and same-store sales for the whole year, stating the number of costumer transactions increased during the quarter, adding that consumers were spending more at its stores.

#Bworld #BworldTech #Financial #HomeDepot #SpringSeason
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Spanish top flight soccer division La Liga announced on Tuesday a key deal with Facebook that will enable viewers in various countries in Indian sub-continent to watch every game over the next three seasons on the social media network.

A statement from La Liga stated that all 380 league matches for the new season would be available to the viewers in India, Afghanistan, Bangladesh, Bhutan, Nepal, Maldives, Sri Lanka, and Pakistan. The games start on Friday.

#Bworld #BworldTech #Finance #Technology #Facebook #LaLiga
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