Customer demand for Kraft's processed food products counties to drop.
The American food giant's stock dropped 27 per cent after reporting flat sales in 2018.
Kraft also confirmed that its accounting practices were being investigated.
Heinz's share price plummets to a record low
More from Business News
-
Trump presses NATO nations to halt Russian oil purchases
US President Donald Trump issued a letter to NATO nations on Saturday, urging them to stop buying Russian oil and impose major sanctions on Russia to end its war in Ukraine.
-
AI poised to advance Arabic language on global stage: ALC Chairman
Dr Ali bin Tamim, Chairman of the Abu Dhabi Arabic Language Centre (ALC), stated that artificial intelligence (AI) has now acquired the ability to produce narrative storytelling and visual content that almost mimics humans, revealing a new type of hybrid discourse between humans and machines.
-
MENA’s first YouTube Academy launches in collaboration with Creators HQ
Creators HQ, the UAE’s first content creator hub, has teamed up with YouTube to launch the first-ever YouTube Academy in the Middle East and North Africa.
-
Oracle takes breather after AI-powered record run toward $1 trillion club
Oracle shares retreated on Thursday after a record AI-driven surge in the previous session that put the company closer to the trillion-dollar mark and co-founder Larry Ellison within striking distance of the world's richest person title.
Blogs
-
Radioactive in conversation with Akhil KavalayoorLatest With Hit
Akhil Kavalayoor live on Radio Active
-
Grooving to the new weekend anthem!!Latest With Hit
Watch Dona & Jean as they grove to SakkathaGavle !
-
AI Training with Raul John AjuLatest With Hit
Ted X speaker, AI trainer Raul John Aju giving us AI lessons.
