Unilever CEO Says Fully Committed to Israel Amid Ben & Jerry’s Row | Investing News | US News

By Siddharth Cavale

(Reuters) -Unilever’s chief executive on Thursday said the company was “fully committed” to Israel, days after coming under Israeli pressure over a decision by its subsidiary Ben & Jerry’s to end ice cream sales in the occupied Palestinian territories.

The Ben & Jerry’s ice cream brand took its decision after pressure from pro-Palestinian groups over its business in Israel and Jewish settlements in the West Bank, handled through a licensee partner since 1987.

Most countries consider Israeli settlements on Palestinian land to be illegal. Israel disputes this.

” If there’s one message I want to underscore … it’s that Unilever remains fully committed to our business in Israel,” CEO Alan Jope told investors during an earnings call.

He said the group had invested 1 billion shekels ($306 million) in Israel over the past decade and was invested in its startup culture and social programmes.

Israeli Prime Minister Naftali Bennett warned https://www.reuters.com/article/us-ben-jerry-israel-idTRNIKBN2EQ0ML Unilever on Tuesday about “severe consequences” from Ben & Jerry’s decision, calling it an anti-Israel step.

Ben & Jerry’s, which has built a reputation as a supporter of social justice causes, such as the Black Lives Matter movement and LGBTQ+ rights campaigns, was acquired by Unilever in 2000 in a deal allowing it to operate with more autonomy than other subsidiaries, which Jope said it exercised in this case.

“This was a decision taken by Ben & Jerry’s and its independent board … and we always recognise the importance of that agreement,” he said.

Jope declined to discuss the potential sales impact and played down the tension between the brands, saying “there was a very healthy dialogue between Ben & Jerry’s and the rest of Unilever.”

Jope also said the subsidiary’s efforts broadly fit Unilever’s “brands with purpose” agenda – which calls for valuing sustainability over just being profit driven.

“The majority of our brand purpose initiatives are very tightly linked to universal human truths and its the nature of what that brand (Ben & Jerry’s) does.”

($1 = 3.2704 shekels)

(Reporting by Siddharth Cavale in Bengaluru; Editing by Tomasz Janowski and Edmund Blair)

Copyright 2021 Thomson Reuters.

” If there’s one message I want to underscore … it’s that Unilever remains fully committed to our business in Israel,” CEO Alan Jope told investors during an earnings call.

Source: https://money.usnews.com/investing/news/articles/2021-07-22/unilever-ceo-says-fully-committed-to-israel-amid-ben-jerrys-row

Top 5 cryptocurrencies to watch this week: BTC, ETH, BNB, DOT, EOS

Historical trends act as a gauge for traders to assess the possibilities for the future. April has been a bullish month for Bitcoin (BTC) with eight monthly closes in the green and only two instances of negative returns.

Danny Scott, the CEO of the Bitcoin exchange CoinCorner, said that Bitcoin could rally to $83,000 if it emulates its average April return of 51% as it had over the past 10 years.

This could be one of the reasons why miners have started holding their positions instead of selling at the current levels. Lex Moskoviski, the CIO at Moskoviski Capital, recently highlighted that miners had hoarded 4,380 Bitcoin on April 2 and 4,494 Bitcoin on April 3.

Crypto market data daily view. Source: Coin360

While Bitcoin remains the undisputed leader, a positive is that some mainstream companies have started to explore opportunities in different sectors of the crypto sector.

Shopify CEO Tobi Lutke indicated that his company was exploring ways to integrate with decentralized finance. On April 3, Lutke tweeted a question to the DeFi community asking for ideas on what role the company could play in the space. If something concrete comes of this it could give a big boost to the entire crypto ecosystem.

Let’s study the charts of top-5 cryptocurrencies that may outperform the other major cryptocurrencies in the short term.

News Source

Source: https://elevenews.com/2021/04/04/top-5-cryptocurrencies-to-watch-this-week-btc-eth-bnb-dot-eos/

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