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PepsiCo nears $1.5 billion deal to acquire healthy soda brand Poppi

PepsiCo had planned to launch its own so-called functional soda under the brand Soulboost, but decided to scrap that effort because of early indicators it wouldn't succeed

US Fed expected to cut rates twice this year, starting in September

Fed officials have signaled they may be on hold for some time amid uncertainty around President Donald Trump's economic policies, particularly on trade

BMW sees tariffs, China sales decline weighing on carmaking profit

BMW shares declined as much as 4.5% on Friday. The stock has fallen more than 20% over the past year

Donald Trump's pick for envoy to Canada, Pete Hoekstra, says it's sovereign

Canada is a sovereign state, yes, Pete Hoekstra said with a wry look when asked by Senator Chris Coons, a Delaware Democrat, during his confirmation hearing

Tesla warns it faces retaliation, costs from escalating Trump trade war

The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets

US quietly tightens sanctions on Russia as it seeks ceasefire deal

Trump administration quietly let expire a license covering payments for energy to a handful of Russian banks that were still allowed to receive payments in US dollars

Alibaba unveils AI-powered Quark app with advanced chatbot & planning tools

New Quark will be available to all users gradually, starting with a pilot launched on Thursday

Iran asks Trump to end threats, pressure tactics if it wants nuclear talks

Iran is among the most sanctioned countries in the world and the vast majority of the penalties are enforced by the US government and directly target crucial oil exports

Escalating trade war threatens oil demand as Opec+ boosts supply, says IEA

Oil is trading near $71 a barrel in London after sinking to the lowest since 2021 last week, following Opec+'s decision to gradually restart halted production from April

SBI to launch project finance unit for AI, fintech, e-commerce industries

The public sector bank plans to complete the project within a year and will hire specialised professionals to staff it

Ready to boost bid if Seven & i engages in takeover talks, says Couche-Tard

Couche-Tard's top executives are in Tokyo Thursday to promote their multi-billion dollar bid to purchase the parent company of the 7-Eleven stores

Intel names semiconductor industry veteran Lip-Bu Tan as next CEO

Tan will assume the role on March 18, the company said in a statement Wednesday. He will rejoin the board as well after stepping down in August 2024

UK breaks from EU stance, opts against swift tariff retaliation on US

Business and Trade Secretary Jonathan Reynolds called the US decision to impose 25 per cent levies on foreign metal products without exemptions on Wednesday morning "disappointing"

US inflation cools to 2.8% in Feb, offering some reprieve ahead of tariffs

The consumer price index increased 0.2 per cent after a sharp 0.5 per cent advance in January, according to Bureau of Labor Statistics data out Wednesday

Donald Trump dials back 50% Canada tariff threat, downplays recession

Trump's roller-coaster day saw him threaten to double duties on Canadian steel and aluminum to 50% after Ontario announced plans to place a surcharge on electricity sent to the US only to retreat back

Razorpay eyes group profitability ahead of IPO plans, expands to Singapore

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay

Ukraine-US accord on a ceasefire proposal puts the onus on Vladimir Putin

The accord reached in Saudi Arabia by US and Ukrainian negotiators for a 30-day halt in the conflict, which began with Russia's full-scale invasion three years ago

TA Associates plans to sell majority stake in OmniActive Health Tech

The private equity firm is in talks with potential advisers about a possible sale and could seek a valuation of as much as $1 billion for the Indian company, the people said

US factories face higher metal prices than overseas rivals due to tariffs

Trump's plan to impose tariffs on steel and aluminum imports is unlikely to arrest decades of declining market share and stagnating production

Pfizer's breast cancer drug Vepdegestrant posts mixed results in key trial

The drug, vepdegestrant, failed to meaningfully delay cancer progression for all patients enrolled in the study but met its goals for a subset who have a specific genetic mutation