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Bloomberg PepsiCo Inc gave a full-year sales outlook that was ahead of estimates as the company looks to pass the burden of higher costs onto consumers. Organic revenue is projected to rise 6% this year on an adjusted basis, compared with the 5.4% average estimate, after fourth-quarter growth exceeded analysts’ expectations. The company said that core earnings per share were ...

Bloomberg Airline stocks recorded their first back-to back weekly gains gain since early October, potentially marking the beginning of a long-overdue recovery, amid growing signs that a reopening of the economy is gaining pace. The S&P Supercomposite Airlines Industry Index closed up 6.1%, after a 3% gain, as investors continue to shun higher-risk growth stocks given expectations for aggressive interest-rate ...

  Bloomberg TAG Heuer, the maker of luxury watches worn by tennis star Naomi Osaka and actor Ryan Gosling, plans to boost prices for most of its watches later this year. The Swiss brand, part of luxury giant LVMH SE, plans increases in April of about 5% to 6% for most timepieces, except smart watches, Chief Executive Officer Frederic Arnault ...

  Bloomberg Hong Kong’s supplies of vegetables and chilled poultry will be affected “to a certain extent” after some vehicle drivers tested positive for the coronavirus, prompting authorities to suspend a border transport interchange, the government said. The facility for goods vehicles was temporarily closed for disinfection and mainland drivers who stayed at the interchange venue on that day are ...

  Bloomberg Russia should continue talks with the US and its allies on its demands for security guarantees in Europe, Foreign Minister Sergei Lavrov told President Vladimir Putin, suggesting the Kremlin will extend efforts to reach a diplomatic solution to surging tensions with the West. Putin said “all right” in response to Lavrov’s proposal, made in comments shown on state ...

Bloomberg A Russian court sentenced the leader of a hacking gang to 14 years in prison, RIA Novosti reported, bringing an end to a trial in which the man claimed to have helped the country’s security service to hack Hillary Clinton’s presidential campaign. Konstanin Kozlovsky was convicted of organising a criminal ring and large-scale fraud after the Lurk gang stole ...

  Bloomberg Libyan Prime Minister Abdul Hamid Dbeibah dug in after parliament picked a rival premier, vowing to lay out later this week a plan for holding delayed presidential elections in the war-torn Opec member. “The election train has set off,” Dbeibah said in a televised address. Lawmakers last week selected Fathi Bashagha, a former interior minister, as premier, saying ...

Bloomberg The US refusal to recognise the Taliban government in Afghanistan, coupled with sanctions and frozen assets, could push the country into chaos and threaten Pakistan’s stability, Pakistan Prime Minister Imran Khan said. Khan said in an interview on CNN’s “Fareed Zakaria GPS” that the current humanitarian crisis in Afghanistan, caused in part by the abrupt cancellation of foreign aid ...

Bloomberg Spain’s ultraconservative Vox party is poised to enter a regional government for the first time, after record results in local elections on Sunday. Vox came third in the central Castilla y Leon region, more than tripling its share of the vote after winning 13 seats in the 81-strong assembly. The main opposition center-right People’s Party (PP) came first with ...

Bloomberg Prime Minister Justin Trudeau held a rare cabinet meeting and was expected to speak with provincial leaders over protests in Canada’s capital city that have entered their 18th day. The protests against Covid-19 vaccine mandates, which include hundreds of semi-trucks parked in the streets of Ottawa, swelled into the thousands over the weekend. But truckers were met with counter-protests ...