Nestle to hike food prices further in 2023, CEO says By Reuters

[ad_1] © Reuters. FILE PHOTO: A Nestle company logo is pictured on a bar of Milky Bar chocolate in Manchester, Britain April 25, 2017. REUTERS/Phil Noble (Reuters) – Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to … Read more

Tesla raises Model Y prices by $1,000 after U.S. relaxes tax credit terms By Reuters

[ad_1] © Reuters. FILE PHOTO: Visitors wearing face masks check a China-made Tesla Model Y sport utility vehicle (SUV) at the electric vehicle maker’s showroom in Beijing, China January 5, 2021. REUTERS/Tingshu Wang (Reuters) – Tesla Inc raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised … Read more

French industrial production defies high energy prices rising in December

[ad_1] French industrial production increased more than expected in December, suggesting the country’s manufacturing sector held up at year-end despite high energy prices and increasing interest rates. Industrial output–comprising output in manufacturing, energy and construction–increased 1.1% on month after rising 2% in November, according to data from the country’s statistics office Insee published Friday. November’s … Read more

Clorox lifts annual profit outlook, powered by higher prices By Reuters

[ad_1] © Reuters. By Jessica DiNapoli and Deborah Mary Sophia (Reuters) – Clorox (NYSE:) Co on Thursday raised its forecast for annual adjusted profit after reporting a surprise rise in sales, as higher prices helped the bleach maker offset a slowdown in demand for its cleaning products and disinfectants. Chief financial officer Kevin Jacobson said … Read more