Category: Business

Coca-Cola Co (KO.N) lifted its full-year revenue forecast on Tuesday, encouraged by buoyant demand for sugary sodas in the face of price increases to combat higher costs. Global sales volumes rose 8% in the second quarter, the company said, powered by growth in both developed and emerging markets, while average selling prices increased about 12%. […]

Logitech International (LOGN.S) chief Bracken Darrell remains confident about the company’s growth potential, despite the computer peripherals maker reporting a drop in sales and profits and cutting its guidance for a second time this year. The maker of web cams, speakers and computer mice reported a 38% fall in first-quarter adjusted profit, as it struggled […]

Russian internet giant Yandex (YNDX.O) reported on Tuesday a jump in second-quarter revenue and profit, saying efforts to save cash had helped it weather external challenges and that investments may accelerate in the coming quarters. Like all Russian companies, Yandex has had to contend with the fallout from Moscow’s decision to send troops into Ukraine […]

Russia’s attack on the Ukrainian port of Odesa casts doubt on a grain deal, the White House said Monday, adding that the United States would continue to explore options with the international community to increase Ukraine exports through overland routes. The announcement comes after the Kremlin said it did not expect the Saturday missile strike […]

Privately owned packaging company Tetra Pak on Tuesday said it would exit its remaining Russia operations after 62 years in the country and would divest its business there. It said local management would run the operation as an unaffiliated entity under a new name. Scores of Western companies have left Russia or announced their intention […]

Sales of new U.S. single-family homes dropped to their lowest level in just over two years in June, the latest sign that rising mortgage rates, combined with higher prices, were dampening demand for housing. New home sales tumbled 8.1% to a seasonally adjusted annual rate of 590,000 units last month, the lowest level since April […]

It’s not all doom and gloom. Even as the crypto sector shivers in the bleak winter, venture capitalists are pouring money into digital currency and blockchain startups at a pace that’s set to outstrip last year’s record. In the first half of the year, VCs bet $17.5 billion on such firms, according to data from […]