Food News

London - Supermarket giant Tesco announced a second drop in annual profits in a row on Wednesday, leaving Britain's biggest retailer hoping that recent expansion into India and China can offset weakness in Europe.

Z - The world's leading food industry group Nestle saw its sales plunge 5.1 percent in the first quarter, it said on Tuesday, blaming the effect of exchange rates and strength of the Swiss franc.

Rome - The United Nations warned on Monday of the potential "massive destruction" of the world's banana crop if a disease affecting the most popular variety spreads from Asia to Africa and the Middle East.

Adelaide - A father has been convicted of locking his four-year-old son in his bedroom for 13 days without adequate food or drink supplies.

New evidence suggests that daily coffee consumption may cut a person’s risk of developing a form of liver cancer. Coffee also prevents diabetes, a known risk factor for liver cancer.

Frontier Natural Products Co-op is voluntarily recalling several of its products manufactured with organic black peppercorns due to potential Salmonella contamination.

Geneva - Swiss food giant Nestle said on Friday that its chairman Peter Brabeck-Letmathe has been diagnosed with an illness requiring six months of medical care, but that he would continue his duties.

Frankfurt - German sweets maker Haribo suffered a legal setback Friday when a court ruled that Swiss chocolate maker Lindt is not infringing on the patent of Haribo's "gold bear" jellies.

New York - Wal-Mart announced Thursday a deal with organic foods pioneer Wild Oats to sell discounted organic products in its US stores, a move expected to shake up the booming sector.

Lausanne - Swiss-based food giant Nestle warned on Thursday that a vote to rein in immigration by EU citizens had cast a shadow over the Alpine country's economy.