WINNIPEG, Manitoba/ZURICH Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops.
ZURICH Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year that benefited from price increases.
ZURICH Food giant Nestle will invest up to 2 billion Swiss francs (£1.5 billion) to source more recycled plastics for packaging its products and reduce its use of new plastics by a third by 2025, it said on Thursday.
ZURICH Swiss chocolate maker Lindt & Spruengli wants to keep growing 5-7% per year in the mid-term after strong growth in Europe and the opening of new Lindt stores boosted organic sales by 6.1% in 2019.
ZURICH Swatch will be blocked from selling some parts to watchmakers, ranging from Richemont's Cartier to Chopard and Breitling, from next year in an escalation of a row between the world's biggest watchmaker and Switzerland's competition regulator. | Video
BERN The Swiss National Bank is resistant to using the massive foreign exchange reserves built up during its campaign to weaken the Swiss franc to tackle climate change, governing board member Andrea Maechler said on Thursday.
BERN, Dec 12 The Swiss National Bank is
resistant to using the massive foreign exchange reserves built
up during its campaign to weaken the Swiss franc to tackle
climate change, governing board member Andrea Maechler said on
BERN The Swiss National Bank remains wedded to its ultra-expansive monetary policy, indicating on Thursday that its negative interest rates would remain in place for the foreseeable future despite rising criticism in Switzerland.