By Commodity News Service Canada
WINNIPEG, May 7 (CNS) – Nestle has reached an agreement
with Starbucks that will see the candy-maker selling the U.S.
coffee chain’s products around the world. The deal involves
things like bagged coffee and instant coffee. Nestle will pay
Starbucks US$7.15 billion for the rights to the products.
There are worrying signs for France’s national air-carrier.
Workers launched a strike on Monday prompting the cancellation
of hundreds of flights worth US$360 million. The company’s share
price fell more than 12 per cent as a result in early trading
and some analysts have said the airline could collapse if the
bleeding continues. French President Emmanuel Macron has vowed
there will be no bailout for the company.
Global stocks took strength from a U.S. jobs report that
indicated the country’s jobless rate was at an 18-year low. The
rate came in at 3.9 per cent as employers added 164,000 jobs in
April. In Europe, Germany’s DAX rose 0.4 per cent to 12,889
while the CAC 40 in France climbed 0.1 per cent to 5,519.