Major global firms ranging from banks to chipmakers are taking a largely cautious stance on their China business amid a frail recovery at the world’s second-largest economy from a pandemic slowdown. Following are comments from firms on their China business during the latest reporting season: Procter & Gamble: The Tide detergent maker reported an overall … Read more
New Delhi: Chip Bergh, the global chief executive of denim maker Levi Strauss & Co., said political stability has helped Indians stay optimistic about the future, driving consumer demand as well as investment by multinationals. “Having a stable government has definitely helped,” Bergh told ET in an interview. “It is part of what gives some … Read more
New Delhi: At a cotton gin in the San Joaquin Valley, in California, a boxy machine helps to spray a fine mist containing billions of molecules of DNA onto freshly cleaned Pima cotton. That DNA will act as a kind of minuscule bar code, nestling amid the puffy fibers as they are shuttled to factories … Read more
The world’s top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world’s No. 2 economy is reviving after the pandemic. Upbeat comments on Wednesday from Reckitt Benckiser, Nivea-maker Beiersdorf, Moncler and Puma came after data showing … Read more
Dec. 20, 2021 The Procter & Gamble Company has recalled more than 30 aerosol spray products because of worries about levels of benzene, which is known to cause cancer. Some of the products have the brand names Pantene, Aussie, Herbal Essences, Waterless, and Old Spice, and Hair Food, P&G said in an announcement posted on … Read more