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Nestle stops most of its Russian production, barring essentials

Bloomberg Nestle SA, the world’s largest food maker, said it’s suspending the vast majority of its manufacturing in Russia amid growing pressure on multinationals to fully exit the country following its invasion of Ukraine. The Swiss company is stopping the sale of brands like KitKat and Nesquik and will focus on essential foods including baby food and medical nutrition, it ...

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Honest hurt by waning cleaning sales, sees tough 2022

  Bloomberg Honest Co, the personal-care company founded by actress Jessica Alba, posted quarterly results that missed analysts’ estimates and projected a tough 2022, a disappointment for investors whose shares have fallen more than 60% from the initial public offering last May. The loss for the fourth quarter was 10 cents a share, Honest Co said, wider than the 6.1-cent ...

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Hong Kong to lift its transit passenger ban from April 1

  Bloomberg Hong Kong airport will allow transit passengers for the first time in three months, building on the wider relaxation of strict Covid-19 border controls in the Asian financial hub. Airlines were informed that transit passengers from so-called group A “high-risk” countries will be allowed to transfer through Hong Kong airport from next month, according to a letter seen ...

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