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  • Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation. "Sugar suppliers in Venezuela have informed us that they will temporarily cease operations due to a lack of raw materials," Tressler added.

  • Venezuela is in the midst of a deep recession, and spontaneous demonstrations and looting have become more common amid worsening food shortages, frequent power cuts and the world's highest inflation. Production of sugar-sweetened drinks has stopped, but output of diet drinks such as Coca-Cola light and other zero-sugar beverages continued, spokeswoman...

  • May 23- Vodka maker Stock Spirits Group Plc's shareholders voted for all the proposals put forth by Western Gate Private Investments Ltd, handing the top investor a victory nearly two months after it started agitating for changes at the company. Stock Spirits, which operates mostly in Poland, the Czech Republic and Italy, said last month it returned to profit in...

  • Cure a hangover with this ice cream bar

    A convenience store chain in South Korea is selling an ice cream bar to fight hangovers.

  • NEW YORK, May 20- Dean Foods Co's former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI agents visited his home, according to a transcript of his guilty plea. In a secret hearing in Manhattan on Monday, Davis told a federal judge about his efforts to hinder the investigation into the...

  • Whiskey collector Squawk Box

    "I believe in buying at least two of everything I can afford. I always open one," Mahesh Patel says of his whiskey collection.

  • BRUSSELS/ LONDON, May 20- Brewer Anheuser-Busch InBev is set to win conditional EU approval for its $100 billion- plus takeover of SABMiller after agreeing to substantial asset sales, three people familiar with the matter said on Friday. The Belgium- based maker of Budweiser, Corona and Stella Artois is looking to boost its presence in Africa and Latin American...

  • May 18- Spirits maker Diageo Plc said industry veteran Javier Ferrán, a partner at consumer-focused private equity firm Lion Capital, will succeed Franz Humer as chairman on Jan. 1. Ferrán, 59, will be appointed non-executive director of the company on July 22, ahead of Humer's retirement. Shares in Diageo closed down 0.7 percent at 1843.5 pence on the London...

  • DUBAI, May 18- U.S. private equity firm KKR and Saudi dairy company Almarai are among four rival groups shortlisted to bid for a majority stake in Abu Dhabi- based National Food Products Company, sources said, highlighting the appeal of the Gulf food and dairy sector. NFPC, one of the largest food and dairy manufacturers in the United Arab Emirates, whose brands...

  • The postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom. But the price drop quickened, due in part to a supply glut from the 1.2 million barrels of oil North Dakota was pumping each day.

  • DUBAI, May 18- U.S. private equity firm KKR and Dubai- based Fajr Capital have teamed up as one of four bidders that have been shortlisted to buy a majority stake in Abu Dhabi- based National Food Products Company, sources familiar with the matter said on Wednesday. NFPC, one of the largest food and dairy manufacturers in the United Arab Emirates, whose brands include...

  • Brexit will not harm UK: JD Wetherspoon chair

    Will a vote to leave the European Union hurt the beverages industry and trade? JD Wetherspoon chairman, Tim Martin discusses.

  • Is SABMiller and AB InBev better together?

    Andrew Holland, European and U.S. beverage research analyst at Societe Generale, discusses SABMiller’s latest set of earnings, and its potential future with fellow beverage maker, AB InBev.

  • SABMiller warns about ongoing FX volatility

    Javier Gonzalez Lastra, senior beverages analyst at Berenberg, says SABMiller was always going to deliver a difficult set of earnings due to currency devaluations.

  • TOKYO, May 17- Asahi Group Holdings Ltd will not bid for the Eastern European assets that SABMiller PLC is selling to appease anti-monopoly regulators, the president of Japan's biggest brewer said on Tuesday. Asahi is betting on those brands to significantly broaden its presence in Europe. Previously, Asahi's overseas expansion focused on Asia and Oceania,...

  • SAO PAULO, May 13- Brazil's 2016/ 17 coffee harvest, forecast at 56.4 million 60- kg bags, was 7 percent completed by May 9, local analyst Safras e Mercado said on Friday. Safras' lead coffee specialist, Gil Barabach, said the ample rains following flowering in September "have guaranteed good bean formation." Most of the beans so far harvested in Brazil, the world's top...

  • World alcoholic drink consumption drops

    New research reveals more people around the world are drinking less alcoholic drinks.

  • COPENHAGEN, May 11- Carlsberg may not have the desire or financial firepower to swallow leftovers from the planned merger of the world's two top brewers after a badly timed bet on the Russian beer market and a slowdown in China. Analysts have speculated Carlsberg could buy some of the Eastern European assets put up for sale to smooth regulatory approval of...

  • LAGOS, May 11- Nigeria is counting on foreign investment to help diversify its oil-dependent economy. Fears its naira currency is overvalued have deterred many investors, but some, including China, see its fast-rising population as a powerful long-term draw. The International Monetary Fund has recommended a more flexible exchange rate but the 73- year-old...

  • *Volume development weaker than expected in Asia- Sydbank. "Beer market development in Asia was mixed with continued growth in markets such as India and Nepal while the Chinese market declined by 3-4 percent," Carlsberg said in a statement. The brewer said sales volume grew in India and Nepal, and declined in China as a result of brewery closures.