Tag: demand
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U.N. peacekeepers in Lebanon will not give in to Israeli demand to ‘get out of harms way’
With tensions simmering after several incidents over the past week, the United Nations has insisted it will not withdraw its peacekeepers from southern Lebanon despite repeated demands by Israel for them to move out of the area where its military is operating against the Hezbollah militant group. The United Nations Interim Force in Lebanon (UNFIL)…
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Pepsi sales slide as snack, drink demand sags
PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. The repercussions of the Quaker Foods North America recalls, weakening demand in the U.S. and business disruptions in some international markets weighed on the company’s performance in the quarter, CEO Ramon Laguarta said in a statement. For 2024,…
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Sen. Warren and Rep. Dean demand food and beverage CEOs stop ‘shrinkflation’
Two Democratic lawmakers are demanding that some of the biggest food and beverage companies stop engaging in “shrinkflation” — the practice of reducing product sizes while charging prices that are the same or higher. In pointed letters, Sen. Elizabeth Warren of Massachusetts and Rep. Madeleine Dean of Pennsylvania accused General Mills, Coca-Cola and PepsiCo of…
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Surging AI demand could cause the world’s next chip shortage, research says
A surge in demand for artificial intelligence-focused semiconductors and AI-enabled smartphones and laptops could lead to the next global chip shortage, according to a report released Wednesday by consultancy Bain & Co. The last major semiconductor shortage happened during the Covid-19 pandemic amid supply chain disruption and a rise in demand for consumer electronics as…
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Mortgage refinance boom takes hold, as weekly demand surges 20%
A steady decline in mortgage rates to two-year lows has current homeowners rushing to take advantage of potential savings. Applications to refinance a home loan surged 20% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand was a stunning 175% higher than the same week one year…
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Israel sends unidentified bodies to Gaza as Palestinian officials demand answers
CAIRO — Israel returned the bodies on Wednesday of 88 Palestinians killed in its military offensive in the Gaza Strip, which the territory’s health ministry refused to bury before Israel discloses details about who they are and where it killed them. The bodies were brought into Gaza in a container loaded on a truck through…
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Lawmakers demand an end to ‘sham’ transaction fees that are adding to the cost of school lunches
A group of senators has demanded that U.S. officials prohibit transaction fees on school meal accounts, arguing that the companies that process students’ lunch payments are unnecessarily raising costs for families. In a letter to Agriculture Secretary Tom Vilsack sent Wednesday evening, Sen. Elizabeth Warren, D-Mass., and seven other senators urged immediate action from the…