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August 8th - The most important UK data next week will be the second-quarter GDP report released on Thursday. Deutsche Bank UK economists predict that June GDP will decline by 0.1% month-on-month, keeping second-quarter GDP growth at 0.4% in 2026, but downside risks have increased.August 8th - The most important data release next week will be the US July CPI report on Wednesday, followed by PPI data on Thursday. Deutsche Banks US economists expect overall consumer prices to rise 0.15% month-on-month, compared to a 0.42% decline in June; core CPI is expected to rise 0.26% month-on-month, unchanged from June. For PPI data, overall PPI is expected to rise 0.22% month-on-month (previously 0.13%).Yemens Ministry of Defense: Launches military operation against Houthi rebels.On August 8th, Torsten Slok, chief economist at Apollo Global Management, stated, "Inflation is no longer just an economic issue; its about the credibility of the Federal Reserve. Inflation has been above target since 2021. For the worlds number one central bank, high inflation has persisted for a very, very long time."August 8th - At 9:00 AM on August 8th, the Ministry of Transport raised its typhoon defense response to Level II. The center of Typhoon Dolphin (strong typhoon), the 13th typhoon of this year, was located at 9:00 AM today (August 8th) in the southern part of the East China Sea, approximately 520 kilometers east of Wenzhou City, Zhejiang Province. It is expected to move westward at a speed of 10-15 kilometers per hour, with little change in intensity or a slight increase.

Significant Damage to Oreo Manufacturer Mondelez's Ukrainian Cookie Business

Haiden Holmes

Apr 01, 2022 09:59

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According to the firm, no personnel were hurt in the incident, to the best of their knowledge. Mondelez claimed in an emailed statement that the Oreo facility – one of at least two Mondelez facilities in Ukraine, according to workers – was shuttered immediately after the war started. Russia invaded Ukraine more than a month ago in what the Kremlin describes as a "special operation."


This week, the US determined that Ukrainian troops had recaptured Trostyanets from Russia.


Mondelez, which manufactures Milka chocolate and other regionally branded biscuits across Europe, claimed it has been difficult to contact all of its workers due to telecommunications failures in the Trostyanets area. Additionally, the corporation is collaborating with Ukrainian authorities to replenish the region with water and electricity, as well as contributing wheat and sugar to non-governmental groups.


Mondelez said it is too early to determine the plant's next course of action.


Confronted with pressure to leave Russia in March, the Chicago-based snack company announced it would curtail "non-essential activity" in the country while assisting in the maintenance of food supplies. In a message posted on the company's website, CEO Dirk Van de Put criticized the assault and urged an end to the war.


The corporation has come under fire for its decision to continue operating in Russia.