Multinationals

Multinationals In The Time Of Virus

The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Here is a list of winners and losers, according to a study published on Tuesday from the research unit of Italian bank Mediobanca, based on results from the first quarter of 2020. The Winners:InternetGlobal internet companies are the top performers, managing to maintain their momentum even during the worst of the coronavirus crisis.

13 May 2020
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Local brands edge large multinationals

Nestle SA is losing buzz to an Indonesian coffee brand famous for brewing civet-cat feces, and L’Oreal SA is losing face to a Chinese skincare brand favored by President Xi Jinping’s wife.Asia traditionally was considered easy money for Western multinationals, with beverage makers, cigarette brands and fast-food giants capitalising on rising incomes and weak local competitors.

21 November 2017
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