• Nespresso faces $330 m lawsuit in Switzerland over capsules

    Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from Nespresso after the failure of a company that tried to offer a more sustainable alternative to the aluminium capsules sold by the coffee-pod maker. Show host Jacques Essebag, who goes...
  • Movement against ‘Pro-Israeli’ fast-food chains gains momentum

    Tehran, Iran – Egypt, Jordan, and Turkey witnessed a significant surge in a boycott targeting multinationals that have either pro-Israeli stances or financial ties with Israel such as McDonald’s, Starbucks, and KFC, Lebanese Al-Mayadeen news network reported.  Amidst rising global condemnation of Israel's actions in Gaza, the boycott movement gains...
  • Starbucks names outgoing Reckitt leader as next CEO

    Narasimhan, who was most recently chief executive of Anglo-Dutch multinational Reckitt, will relocate to Seattle from London and join Starbucks on October 1, the company said in a news release. Following a stretch working with longtime Starbucks CEO and interim boss Howard Schultz, Narasimhan will take over the top spot...
  • To use rather than collect, the second coming of Non-Fungible Tokens

    The non-fungible token (NFT) craze, just over a year old, has given the world works that have sold for millions and includes collections from the "Bored Ape Yacht Club" to an image of a naked Donald Trump following his 2020 election defeat.
  • McDonald’s, Coca-Cola join US firms halting Russia operations

    Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media.
  • PIF to bid for Starbucks stake

    Owners of the Starbucks franchise value the business at $15 bn.