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Ocado Retail Mulls Dry Ice Alternatives as Costs Soar
Date: September 13, 2022
LONDON (Reuters) -British online supermarket Ocado Retail is looking into alternatives to dry ice for its food cooling and storage needs as costs soar for the product, it said on Tuesday. The business, an equal joint venture between Ocado Group and Marks & Spencer, uses dry ice when transporting frozen goods to customers. However, the...

Credit Suisse Exec: Swiss Bank Not Main Focus for Cost Savings
Date: September 13, 2022
ZURICH (Reuters) – Credit Suisse’s Swiss unit has become more efficient and growth focused in recent years and will thus be hit less by restructuring and cost savings than other parts of the bank, its head said in a media interview published on Tuesday. “The Swiss bank is healthy and profitable. At the same time,...

Oracle Offers Its MySQL HeatWave Database and Analytics on Amazon’s Cloud
Date: September 13, 2022
(Reuters) – Oracle Corp has started to offer MySQL HeatWave, its cloud database service for transactions, analytics and machine learning, on Amazon’s AWS cloud, allowing customers whose data is already parked there to use the service, the U.S. company said on Monday. The new offering is not through a partnership with Amazon.com Inc which has...

Electrolux Flags Cost Cuts, Warns on Profit as Inflation Squeezes Demand
Date: September 12, 2022
By Marie Mannes COPENHAGEN (Reuters) -Sweden’s Electrolux on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence squeezed demand for its home appliances, while large investments in North America had yet to pay off. Demand for appliances in Europe and the United States decreased at...

Customer Vulnerability Is a Boardroom Issue; Here’s Why
Date: September 11, 2022
By Jonathan Barrett, CEO and Co-Founder at Comentis Earlier this year new guidance was issued by the Financial Conduct Authority (FCA) explaining that it will no longer wait for Customer Duty to take effect before taking action to improve customer outcomes when it comes to vulnerability. Then just a couple of weeks later in July,...

Germany’s Bakeries Burnt by Rising Energy Prices
Date: September 9, 2022
By Riham Alkousaa and Petra Wischgoll MUELHEIM AN DER RUHR (Germany) (Reuters) – German bakery owner Peter Hemmerle is expecting his company’s annual electricity bill to quadruple to 1.2 million euros as energy prices have risen since the outbreak of the war in Ukraine. His Heinz Hemmerle bakery in Muelheim an der Ruhr depends on...
