BUSINESS

The British consumer products company said Tuesday it plans to spin off Ben & Jerry's as well as its other ice cream businesses. In its announcement, Unilever said the decision is based on its board's view that the company should focus on "superior brands with strong positions in highly attractive categories that have complementary operating models.
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2 years ago Read more at CBS News

Japanese government announced in 2023 that it would introduce an emissions trading system(*1) as part of the carbon pricing initiative, and plans to start full-scale operation in FY2026. In response to this trend, the Tokyo Stock Exchange established the carbon credit market in October 2023. The MM Mechanism was introduced on a trial basis with the aim of establishing an appropriate price for carbon credits through market transactions and liquidity improvement.
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2 years ago Read more at sumitomocorp.com

ShopBack has reduced employee headcount by 24 per cent or 195 roles. The company also called off the rest of the workday. All departures were kept to the same day “out of respect and to ease transition for departing team members”
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2 years ago Read more at The Straits Times

The following brief commentary is from Matthew Erskine, managing partner, at his eponymous law firm. The firm was in the news recently with the passing of Buffett’s long-time friend and colleague, Charlie Munger. An integral factor contributing to its triumph is the meticulously crafted succession plan, which has been in place since at least 2006.
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2 years ago Read more at WealthBriefingAsia

TigerEye CEO Tracy Young and her husband and CTO Ralph Gootee helped build their previous startup, PlanGrid, into a $100 million ARR business before selling it to Autodesk for $850 million in 2018. But in spite of that success, they always felt they left business on the table because of an inability to forecast business changes accurately. The couple decided to launch a company and build a product they wished that they had back in the planGrid days, and the result is TigerE
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2 years ago Read more at TechCrunch

Pharma Solutions is a well-established developer and manufacturer of pharmaceutical excipients and includes its Global Specialty Solutions business supporting industrial and methyl cellulosic food applications. The Pharma Solutions business being sold to Roquette is primarily made up of businesses within IFF’s existing Pharma Solutions division. Story continues Pharma Solutions operates 10 research and development and/or production sites globally, with approximately 1100 employees.
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2 years ago Read more at Yahoo Finance

The latest order, dated March 6, extended the decision to suspend business with Vectra Advanced Engineering Private Limited from Feb 14, 2024, for six months. The first such order was passed in August 2020, putting on hold all business. This followed by a series of six-monthly extensions of the suspension of business order.
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2 years ago Read more at Hindustan Times

Advertisement Both took power in countries meant to have safeguards against absolute power, with two-term limits for their leaders. Advertisement In Russia, Putin served two terms as president and then switched to prime minister for four years, enabling him to get around a ban on serving more than two terms in a lifetime. In many ways, Putin and Xi have destroyed what remained of Russia's opposition.
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2 years ago Read more at Business Insider

Unilever said its ice cream business, which also includes Magnum bars, has 'distinct characteristics" from its other brands.It said the split is expected to be completed by the end of next year. The British consumer goods company with 128,000 employees also said it is launching a 'productivity program'
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2 years ago Read more at The Times of India

The directive requires the president and chief justice to travel in first class, while the prime minister, various chairpersons, ministers, military chiefs, and other high-ranking officials must travel in business class. Lower-level government employees are to use business class. Foreign trips are to be limited to essential visits, with economy class being the standard. Non-essential trips funded by the government need approval from an austerity committee established by the Ministry of Finance.
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2 years ago Read more at Pakistan Today