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Global sugar demand easing
LONDON/NEW YORK: The “war on sugar” being waged by governments and consumers to combat public health emergencies like diabetes is slowing growth in global demand, which along with other factors could signal a fundamental shift in consumption ahead. Consumption may grow at its slowest pace in seven years in 2017/18, according to analyst group Platts Kingsman. It forecasts a rise of 1.04 per cent, nearly half the average growth of
 
 
India’s electric vehicles push likely to benefit Chinese car makers
NEW DELHI: India’s ambitious plan to push electric vehicles at the expense of other technologies could benefit Chinese car makers seeking to enter the market, but is worrying established automakers in the country who have so far focused on making hybrid models. India’s most influential government think-tank unveiled a policy blueprint this month aimed at electrifying all vehicles in the country by 2032, in a move that is
   
Trump budget cuts may stir backlash in rural America
WASHINGTON: President Donald Trump’s proposals to slash federal aid to the poor, the sick and people living in rural areas reflect conservatives’ demands for a smaller federal government but target many of the very people who voted for him last November. In his first detailed budget submission to Congress on Tuesday, Trump requested major reductions to programs that help poor families afford groceries and poor and disabled
 
 
Slovenian central bank sees strong economic growth in 2nd quarter
LJUBLJANA: Slovenia’s economy is expected to grow strongly in the second quarter of the year amid falling unemployment and a rise in investments and exports, the Bank of Slovenia said on Tuesday. “High economic growth is expected to continue in the second quarter as polls show companies expect a further strong rise in demand,” the bank said in a statement. The statistics office will release GDP growth figures for the first
   
Italy chooses to host G7 summit in Taormina
ROME: When US President Donald Trump and other leaders of the world’s seven major industrialised nations gather in Sicily on Friday, they will enjoy a spectacular view of the Mediterranean Sea, but won’t get any glimpse of boats full of migrants. A common sight off Sicily in recent years, the authorities have banned all migrant landings on the island during the Group of Seven Summit for security reasons, telling rescue vessels
 
 
Mega food and drink brands turn to small start-ups for big ideas
Food and drink megabrands are seeing their sales chewed away by smaller, nimbler, cooler rivals. They can’t beat them - so now they’re joining them. Nine of the world’s biggest industry players, including Danone, General Mills, Campbell Soup and Kellogg, have launched venture capital units over the past 18 months, a Reuters analysis of the sector shows. The aim of the strategy, according to interviews with executives, is to buy
   
Retailers can’t move fast enough to chase shoppers online
The idea of spending a leisurely few hours of the weekend at the mall — browsing aisles for a new pair of jeans and shoes and hitting the food court — is going out of style. The latest in a growing list of retail casualties, mall-staple and teen apparel company rue21 Inc filed for Chapter 11 bankruptcy reorganisation last week, joining the ranks of Payless, American Apparel, Aeropostale, hhgregg, and The Limited, who have all
 
 
Bankers, fleeing Brexit, may find Luxembourg an acquired taste
Little Luxembourg is luring firms on the lookout for a post-Brexit foothold in the European Union, from JPMorgan Chase & Co. to insurance giant American International Group Inc (AIG). While many find the Grand Duchy a multilingual paradise, would-be expats are being warned not to expect the cosmopolitan lifestyle they currently enjoy in London and that they should prepare to spend long hours on clogged roads.
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