Economy

Coca-Cola Enterprises warns of upcoming tough conditions

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Soft drinks manufacturing giant Coca-Cola Enterprises has warned of weakness in its second quarter. The European bottler has warned of handful of headwinds which have tempered the results. The company said that it will update its outlook for the rest of the year as soon as it releases the results from the second quarter in July 2013.

John F. Brock, Chief Executive, said, “Throughout 2012 and so far this year, we have faced challenging operating conditions, including persistent underlying macroeconomic weakness, significant headwinds from poor weather, the prolonged impact of a sharp excise tax increase in France, and a dynamic competitive environment in Great Britain”. Brock went on to say that the factors have been unexpectedly persistent and they disrupt the company’s outlook regarding the second quarter of 2013.

The company expects that the factors can be lessened later in the year, but there will be a better understanding of their importance during the prime selling season in the summer. Brock was also supposed to discuss these issues at a Deutsche Bank Global Consumer Conference held in Paris on June 11, 2013.

The Coca-Cola Enterprises had split from Coca-Cola company in 1986 in order to consolidate the independent bottling groups and has been grappling with the European economic conditions. In April 2013, the company predicted a full year earnings growth of 11 % to 12%.

Economy

Global carbon emissions increased to a record high in 2012

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On June 10, 2013, the International Energy Agency said that the world’s energy-related carbon dioxide emissions have  increased 1.4 percent in 2012, reaching a record high of 31.6 billion tons. On the other hand, the US has posted its lowest emissions since the mid-1990s.

The Paris-based IEA said in its annual World Energy Outlook report that the biggest carbon polluter China had the largest emissions growth in 2012, with up to 300 million tons, or 3.8 percent since 2011. Despite that, this increase was among the lowest in a span of a decade, as China continues to make investments in energy efficiency and renewable energy.

On the other hand, the US emissions went down by 200 million tons or 3.8 percent, a drop which is due to a switch in power generation from coal to gas, while the emissions in Europe went down by 50 million tons or 1.4 percent. The agency went on to say that the energy sector accounts for approximately two-thirds of global emissions of CO2, as well as other greenhouse gases.

Maria van der Hoeven, IEA Executive Director said, “Climate change has quite frankly slipped to the back burner of policy priorities. But the problem is not going away – quite the opposite”. The scientists have also warned that the global temperature could rise with catastrophic consequences to follow.

Business

Spirit Airlines to sell wine in cans

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American low-cost airline Spirit Airlines has announced that their customers will be charged $7 for wine that is served in a can. The airline is already well-known for charging their fliers for almost everything. The airline is counting on the fact that its customers will surely pay for the canned wine.

Spirit Airlines had announced on June 6, 2013 that it will begin selling the canned wine for $7 or $12 for two cans. Customers will be given the option to choose between Friends Just Wine brand’s white or strawberry moscato. On the other hand, the airline will continue to sell Sutter Home’s traditional mini bottles of wine.

Media reports have said that the Spirit’s can of wine is bigger, with 250 milliliters, to the bottle’s 187, but is less potent. Canned wine has 6% alcohol by volume compared to 13% for Sutter Home. The airline prefers the cans as they are easier to stack and store on the aircrafts which have limited storage space. The cans also weigh less and the airlines are getting obsessed with making their planes lighter to save on fuel.

However, passengers are not so positive about the change, as one enthusiast says that his wine consumption stops at a plastic bottle.

Business

Domino’s testing pizza delivery drones in the UK

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With the rising popularity of pizza delivery, a British company says that it is currently testing the feasibility of delivering pizzas by drone. T + Biscuits, the creative agency says that Domino’s hired them to try out the prototypes.

Tom Hatton, founder of T + Biscuits said, “We’re looking at making flying pizzas a possibility”. Domino’s has about 10,000 shops in 70 countries. It was reported on June 3, 2013 that during testing in Guildford, close to London, a small custom-built octacopter made a 4-mile, ten-minute long flight in order to deliver two large pepperoni pizzas.

The reports also observed that there was a proposal for a TacoCopter delivery app, which was just a concept at first, but Hatton states that the pizza delivery drones project is actually very real and serious. People involved in the project are thinking about the practicality of it, given the safety regulation and logistics.

On June 3, 2013 the representative of Domino’s UK shared that they had a lot of fun putting together the video. The representative went on to say that Domino’s is an innovative company which is constantly looking at ways to deliver pizzas as quickly as possible. He added that it would be great to think that one day pizzas could fly.

Business

Dunkin’ Donuts to launch Glazed Donut breakfast

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Food manufacturing giant Dunkin’ Donuts is all set to introduce a new delicacy on its breakfast menu. The donuts maker will be introducing its sugary and salty Glazed Donut Breakfast Sandwich on June 7, 2013. Photo of the breakfast item will hit the menu in the US on June 7, 2013, but has already grabbed more than 1,000 comments and more than 11,000 likes on the social networking site Facebook.

The company claims that the new item performed well with customers in testing stages and features pepper-fried eggs and cherrywood-smoked bacon which is stashed between two halves of glazed donuts. The company calls the sandwich a ‘smorgasbord’, while Twitter and Facebook users prefer to perceive it as the ultimate hangover breakfast or the new ‘heroine’ or ‘heaven’.

The latest product by Dunkin’ Donuts has 360 calories and 720 milligrams of sodium, which means that it has less calories than McDonalds’s Big Mac and is also a bit less salty than KFC’s Honey BBQ sandwich. Moreover, for those who prefer something lighter in calories, Dunkin’ Donuts also offers the DDSMART menu, featuring low-calorie options like 280-calorie Egg White Veggie Flatbread. The launch of the breakfast sandwich coincides with the National Donut Day, during which the donut giant will offer customers a free donut with any beverage purchase.