PEPSICO LOOKS FOR RUSSIAN FIZZ July 6, 2009 PepsiCo pledged yesterday to invest $1bn (£616m) in Russia over three years. It said it was confident in the Russian market, which is still growing despite the financial crisis. Russia is critical for PepsiCo, which is looking to boost profits as recession and changing consumer habits limit sales growth in the US.
Ancelotti: Terry not for sale July 6, 2009 CARLO ANCELOTTI issued ambitious Manchester City with a chilling warning on his first day in charge at Chelsea yesterday, insisting: “John Terry is not for sale.” Terry has been the subject of sustained interest from mega-rich City, who are preparing a third audacious swoop for the England captain this week in the region of £35m. [...]
Luxury retailers set to face six per cent sales drop worldwide July 5, 2009 SALES of luxury items are set to fall by six per cent across the globe, according to an exclusive report by Verdict Research. Global luxury expenditure is expected to fall to €211bn (£180bn) in 2009. In particular Japan is expected to suffer a 14.6 per cent drop and the US a 12.1 per cent drop. [...]
Aggression the key to our domination, says Venus July 1, 2009 DEFENDING champion Venus Williams believes her and sister Serena’s monopolisation of Wimbledon is down to one trait: aggression. Between them they have won the title in seven of the last nine years and are firmly on course to improve that record this weekend. Defeat for either of the Californians in today’s semi-finals would constitute one [...]
Chelsea set to land 17m Zhirkov June 29, 2009 FOOTBALL: Russia midfielder Yuri Zhirkov is set to become new Chelsea boss Carlo Ancelotti’s first signing this week. Ancelotti takes up his post tomorrow, when Zhirkov, who can also play at full-back, is expected to fly to London to complete a £17m move from CSKA Moscow.
Putin hands Shell a role in gas projects June 28, 2009 ANGLO-DUTCH energy giant Shell has accepted an invitation from Russian president Vladimir Putin to participate in two giant natural gas projects, as the country eases its nationalistic clasp over its energy sector. Royal Dutch Shell was yesterday asked to take part in the Sakhalin-3 and Sakhalin-4 deep-sea gas projects off Russia’s Pacific coast. Putin yesterday [...]
Rebel trio got me sacked, says Scolari June 28, 2009 FORMER Chelsea manager Luiz Felipe Scolari has accused senior Blues trio Didier Drogba, Michael Ballack and Petr Cech of getting him sacked.Scolari, a World Cup winner with Brazil, was axed in February just seven months into a lucrative three-year deal at Stamford Bridge. The 60-year-old, now coaching in Uzbekistan, says striker Drogba, midfielder Ballack and [...]
Spain to offer banks bailout, Russia might June 25, 2009 THE SPANISH government is to establish a €90bn (£77bn) fund for its financial institutions, while Russia is pondering a similar rescue package for its own banks. Spain’s cabinet meets today and is likely to approve a proposal which will see lenders, including those who are not deemed to have capital shortfalls, given access to a [...]
Murray shows title-winning form to silence Gulbis jibes June 25, 2009 AN EMPHATIC victory, a standing ovation and the sound of his opponent’s pre-match jibes drowned out by a rapturous Centre Court: it may only have been the second round, but British No1 Andy Murray could have asked for little more. There were no signs of animosity at the previous day’s accusations of gamesmanship when Murray [...]
Ikea flat-packs 5,000 staff June 24, 2009 IKEA, the world’s biggest furniture retailer, yesterday revealed it axed 5,000 jobs last year during “the worst recession in living memory.” The Scandinavian family-ownedfurniture giant employs 120,000 people worldwide, with around 9,500 jobs in the UK, but declined to say how many have been cut at its British operations over the past year. Ikea chief [...]