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On August 2, the Associated Press reported on August 1 that a Miami jury ruled that Tesla (TSLA.O), owned by billionaire Elon Musk, was partially responsible for a fatal Florida crash involving Teslas Autopilot technology and must pay the victim more than $240 million in damages. The jury found that Tesla was significantly responsible for the crash because its technology malfunctioned and that the blame could not be placed entirely on the shoulders of a reckless driver. In addition to $200 million in punitive damages, the jury said Tesla must pay $43 million of the $129 million in total compensation awarded for the crash, bringing the total amount owed by the company to $243 million.The Ukrainian military said it attacked Russias Ryazan oil refinery.According to the New York Times: Indian officials said India will continue to buy Russian oil despite threats from US President Trump.According to Russian state media: There are currently no reports that India has stopped importing oil from Russia.On August 2, Russias First Deputy Permanent Representative to the United Nations, Konstantin Polyansky, stated at a Security Council meeting that UN staff were unwilling to take seriously the Ukrainian militarys attack on Russian civilian facilities, which undermined the UNs authority. He said: "In this case, the relevant staff of the UN Secretariat acted with extreme hypocrisy, feigning ignorance and evading responsibility by claiming they could not verify the authenticity of the information about Ukrainian crimes. All of this clearly undermined the authority of our global organization."

Pernod Ricard Expects Digital Drive to Stimulate Growth

Aria Thomas

Jun 08, 2022 14:50

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Pernod Ricard (EPA:PERP) announced on Wednesday that it was betting on digital efforts, its portfolio of premium brands, and its distribution network to drive sales growth over the next five years.


Pernod, the second-largest spirits company in the world after Diageo (LON:DGE), stated that it will strive for organic sales growth of between 4 and 7 percent per year over the medium term.


Pernod, whose brands include Martell cognac, Mumm champagne, and Absolut vodka, reaffirmed its goal to increase operating profit margin by 50 to 60 basis points annually, assuming it can achieve annual organic sales growth of 4 to 7 percent in the medium term.


The corporation noted that its digital activities would entail more work to predict client preferences and industry trends using data.


Pernod Ricard has a Capital Market Day on Wednesday afternoon.