Tag: Food/Beverages

BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says
World

BOJ Should Raise Interest Rates Before Next Summer, Suntory CEO Says

TOKYO—Takeshi Niinami, chief executive of beverage maker Suntory Holdings and the head of a Japanese business lobby, called on the Bank of Japan to raise interest rates, saying it would help boost the Japanese economy’s productivity and competitiveness.If the Bank of Japan raises interest rates, “the Japanese business community would be ready—which means they should raise interest rates, both long and short,” Niinami said in an interview with The Wall Street Journal on Monday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
23andMe Hack Is a Wake-Up Call for Your Password Habits
Technology

23andMe Hack Is a Wake-Up Call for Your Password Habits

The recent breach of 23andMe user accounts shows a simple yet powerful truth about data security: Don’t reuse passwords, people.The DNA test-kit company on Monday reported a hacker accessed 14,000 accounts because of password reuse, exposing information belonging to approximately 6.9 million people. The 23andMe computer network wasn’t breached and wasn’t the source of these compromised credentials, a company spokesman said in a statement. The company first disclosed the incident in October and has been investigating since then.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
European Developers Are Wooing Wine Lovers With Their Own Hassle-Free Vineyards
World

European Developers Are Wooing Wine Lovers With Their Own Hassle-Free Vineyards

With careers in Northern California’s tech sector and a primary home on the eastern shore of San Francisco Bay, Clifton Lewis Lyles and his wife, Serene Lewis Lyles, have long spent their down time among the vineyards and wineries of Sonoma and Napa counties. Now in their early 50s, the two are getting ready for something new—their own bit of vineyard and their own private wine label, some 5,500 miles away in the Alentejo region of Portugal.   The opportunity comes with their new vacation home: a two-bedroom, 2,500-square-foot villa, currently under construction, in L’and Vineyards, a luxury development about an hour’s drive from Lisbon. The 163-acre estate, with 15 acres of vineyards, lets its homeowners—spread across a total of about 80 units in the coming years—become de facto wine...
Tariffs and the Price of Your Beer
Business

Tariffs and the Price of Your Beer

President Trump ostensibly waged trade wars to aid American industry, but the evidence is that his tariffs have harmed many U.S. businesses not on his politically favored list. One example is the beverage industry, which has had to swallow the cost of tariffs on aluminum for its cans.New data from Harbor Aluminum, produced for the Beer Institute, shows how these costs have continued to climb. Mr. Trump imposed 10% tariffs on aluminum imports in March 2018, citing dubious national-security concerns. Through September 2023, the U.S. beverage industry paid nearly $2.2 billion in tariff costs, according to the report. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Remy Cointreau Posts a Drop in Sales, Earnings Due to US Headwinds
World

Remy Cointreau Posts a Drop in Sales, Earnings Due to US Headwinds

Updated Nov. 30, 2023 2:48 am ETRemy Cointreau posted a decline in sales and earnings for the first half of fiscal 2024 due to high inventories and rising interest rates in the U.S. market.The French distiller booked current operating profit of 169.1 million euros ($185.5 million) in the six months to Sept. 30, which was 43% lower on year organically. This reflected a decrease in sales that was partially offset by a reduction in overhead costs, the company said on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tech Stocks Sink Ahead of Nvidia Earnings
Money

Tech Stocks Sink Ahead of Nvidia Earnings

Artificial intelligence powered the stock market for much of the year. Now it is testing U.S. stocks’ November rally.The S&P 500 slipped 0.2%. The Dow industrials fell 0.2%, or 63 points. The tech-heavy Nasdaq Composite led the losses, sliding 0.6%.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Health Care Roundup: Market Talk
World

Health Care Roundup: Market Talk

The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0833 GMT – Hong Kong shares closed higher, led by tech and consumer stocks amid overall positive sentiment. China kept its benchmark lending rates steady as expected, which may stabilize the mainland and Hong Kong stock markets. Almost all sectors gained, with the technology and consumer sectors leading gains. JD Health International rose 5.4% and Tencent Holdings gained 3.6%. Haidilao International was up 5.3% and China Mengniu Dairy advanced 4.3%. China Hongqiao Group led losses, dropping 0.3%, and Sino Biopharmaceutical was down0.3%. The benchmark Hang Seng Index closed 1.9% higher at 17778.07 and the Hang Seng Tech Index was up 2.45%. (jiahui.huang@ws...
How Starbucks Lost the Top Spot in China’s Coffee Race
World

How Starbucks Lost the Top Spot in China’s Coffee Race

Listen to article(2 minutes)Starbucks is losing its prime spot among chains racing to meet China’s growing thirst for coffee.Luckin Coffee has surpassed Starbucks as China’s biggest coffee chain by sales and units, company reports show, a comeback for the Chinese company after an accounting scandal that stalled its growth.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8