China has announced tariffs on approximately $60bn worth of US goods as a retaliation after the Trump administration slapped 25% tariffs on $200bn Chinese products earlier this year.
Mondelēz has reported growth across all regions in Q2 ending June 30, although its topline was negatively impacted by the recent truckers' strike in Brazil.
Norwegian conglomerate Orkla has posted a 9% operating profit increase in Q2 this year, reaching NOK 1.12bn ($137m), while its operating revenues rose 3% to NOK 10bn ($1.22bn).
US Highland (UHLN) has completed the acquisition of Supreme Sweets, a commercial bakery that designs, produces and delivers custom private-label products for restaurant chains and grocery retailers, for an undisclosed sum.
Tanis Food Tec (TFT) says it is seeing an increase in demand for cream filled sandwich biscuits and has developed a fully automated line for the products.
Candy and snacks company Hsu Fu Chi has struck a deal with China’s second largest e-commerce channel JD.com to improve its logistical efficiency by building an 'unbounded plant' in South China.
Fazer Confectionery has appointed Nathalie Ahlström, former VP & GM Indonesia, Singapore & India, Amcor, as managing director, starting in November this year.
