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Added on the 05/10/2016 22:08:54 - Copyright : Reuters EN
Constellation Brands reports a jump in quarterly sales, driven by demand for its beers, such as Corona and Modelo, and raises its full-year profit forecast. Bobbi Rebell reports.
Images of beer tents around World Cup Stadiums as FIFA announces that beer will not be sold to fans around any of the eight World Cup stadiums following "discussions" with hosts Qatar. IMAGES
Business Insider reports that US retail sales in September increased by nearly 2%, landing above the average economist estimate of 0.8%. This is the fifth straight month of improvement, as the economy continues to reaccelerate after covid caused slowing through the summer. Consumer spending makes up 70% of the U.S. economy. Retail spending is among the economic indicators being closely watched to signal economic recovery health. But, September's initial leap is now slowing to a crawl. As fiscal relief programs expired and direct payments dried up, the pace of retail spending growth has slowed.
A Canadian lab from Toronto is developing the world's first-ever cannabis beer. The Province Brands startup say it is due to hit the market in 2019.
Yum Brands has posted an unexpected decline in quarterly sales at established China restaurants. As Eve Johnson reports, the owner of KFC, Pizza Hut and Taco Bell says protests over a South China Sea court ruling have hit growth.
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