Smaller, thinner, less sweet snacks? Mondelez makes health drive

BERLIN (Reuters) – Snack maker Mondelez (MDLZ.O) will offer more treats in smaller portions and with less sugar, as the company behind Oreo cookies and Cadbury chocolate responds to consumer demands for healthier products, underlined by a survey released on Monday. Under pressure from governments and health advocacy groups in recent years, chocolate companies including Mondelez and Nestle (NESN.S) have […]

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Uber’s Latin American stronghold pursued by SoftBank-funded rivals

MEXICO CITY (Reuters) – Latin America, long a safe haven for Uber, was the biggest weak spot in the money-losing company’s latest financial results, registering just 2% growth, the worst of any region. The main culprit: Didi Chuxing, the Chinese ride-hailing behemoth that has grown rapidly in Latin America. Both Uber and Didi are backed by the same investor – […]

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World shares fall as Hong Kong violence unnerves investors

LONDON (Reuters) – Shares across the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold. In the 24th straight week of pro-democracy unrest, Hong Kong police shot and wounded a protester as the Chinese-ruled territory saw rare working-hours violence. […]

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Breakingviews – Aramco has first-class seat on oil-tanker Titanic

LONDON (Reuters Breakingviews) – Saudi Aramco’s relative strength as the world’s biggest oil producer is an absolute distraction when it comes to establishing its worth. The Saudi oil giant’s initial public offering prospectus, published on Saturday, outlines how it is both much more profitable than sector peers like Exxon Mobil and Royal Dutch Shell, and more likely than them to […]

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Ex-Twitter employee accused of spying for Saudi Arabia granted bond

SEATTLE (Reuters) – A U.S. judge on Friday said a former Twitter (TWTR.N) employee could be released on bond, with travel restrictions, while he awaits trial on U.S. charges of spying for Saudi Arabia. Seattle Magistrate Judge Paula McCandlis said her decision to grant Ahmad Abouammo, 41, bond would go into effect at 4:30 p.m. (7:30 p.m. ET), unless federal […]

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The Permian paradox: Texas shale players go green to drill more

HOUSTON/BENGALURU (Reuters) – As the thirst for electricity to power drilling rigs in West Texas drives the state’s energy needs to new highs, oil and gas companies are increasingly relying on wind and solar power to ensure that the shale boom continues. Oil and gas firms operating in the Permian shale basin in West Texas, the nation’s biggest, have been […]

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Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters

OSLO (Reuters) – Norway’s $1 trillion wealth fund, the world’s largest, will resume its work on blacklisting greenhouse gas emitters, a senior official told Reuters, which could lead the fund to divest investments in one or more oil, steel or cement multinationals. The fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines, or tobacco, among […]

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