How dairy behemoth Danone failed to win India's 1.35 billion dairy lovers

India is the world's top producer and consumer of dairy — in 2018 alone, the country's 75 million dairy farmers produced 410 billion pounds of milk, about 22% of global production. With this and its dairy-heavy diet of curries and yogurt drinks, the giant French dairy company Danone hoped to find success in the country, opening its own production line in 2011.

But this division failed to account for more than 10% of its sales in India, the vast majority instead coming from its"specialized nutrition" segment. Analysts say that India's highly localized, fractured dairy industry confounded Danone, a company accustomed to the relatively more consolidated dairy industries of the U.S., where it goes by the name"Dannon," and its native France.

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Britain warns of consequences if Iran does not return ships

LONDON, July 19 (Reuters) – British Foreign Secretary Jeremy Hunt said on Friday there would be consequences if Iran did not return control of ships seized in the Strait of Hormuz, Sky News reported.

He added he was not looking at military options.

Britain said earlier it was urgently seeking information about the Stena Impero after the tanker, which had been heading to a port in Saudi Arabia, suddenly changed course after passing through the Strait of Hormuz at the mouth of the Gulf.

A second vessel had also been boarded by armed guards in the area but was later allowed to resume its voyage.

ST Now, News As It Happens – July 20, 2019

Welcome to ST Now, News As It Happens. Recap of what happened earlier. Reach us at [email protected] or on Facebook and Twitter @STcom.

Ex-economic adviser to UK's Johnson interviewed for BOE governor role -The Times

July 19 (Reuters) – Gerard Lyons, a former economic adviser to Boris Johnson when he was London mayor, has been interviewed for the role of the governor of the Bank of England, an editor of the Times newspaper tweeted bit.ly/2xVMzbZ late on Friday.

Lyons has previously said that a no-deal Brexit may be the only viable option for leaving the European Union. (Reporting by Aishwarya Nair in Bengaluru; Editing by Will Dunham)

White House to host meeting with tech executives on Huawei ban

U.S. officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and software executives to discuss the U.S. ban on Huawei Technologies, two sources briefed on the meeting said on Friday.

The United States placed Huawei on the Commerce Department's so-called Entity List in May over national security concerns. U.S. parts and components generally cannot be sold to those on the list without special licenses.

However, U.S. President Donald Trump, who is seeking to revive trade talks with China, announced late last month that U.S. companies would be allowed to sell products to Huawei.

The White House did not immediately comment on the meeting.

One of the sources said invited companies included chipmakers Intel, Micron Technology, Qualcomm and Broadcom. Microsoft was also invited.

Intel and Qualcomm declined to comment.

The United States may approve licenses for companies to restart new sales to Huawei in as little as two weeks, a senior U.S. official said last week.

Moon landing 50th anniversary: Ten moon-inspired hits from David Bowie to Elton John

It’s been 50 years since US astronaut Neil Armstrong became the first person to walk on the moon on 20 July 1969.

Armstrong, who was NASA’s first civilian astronaut to fly in space, was part of the US Apollo 11 spaceflight that landed the first crewed mission on the moon.

To mark the 50th anniversary of Apollo 11’s landing, Sky News has compiled a list of moon-inspired songs written by some of planet Earth’s most celebrated musicians.

Saudi-led coalition starts operation to target military positions in Sanaa

CAIRO (Reuters) – The Saudi-led coalition said it started an operation to target military positions in the Yemeni capital of Sanaa, according to state TV early on Saturday.

The targets included air defense sites and ballistic missile depots, it added.

Cosplayers Pay Their Respects To Trump Baby Blimp At Comic-Con

Some people might call President Donald Trump a cartoon character brought to life, and the idea was only reinforced at the San Diego Comic-Con this year.

On Friday afternoon, members of the Backbone Campaign, an activist group specializing in artful protest, inflated a giant Trump baby blimp across the street from the San Diego Convention Center.

For a suggested donation of $1-5, Comic-Con attendees could take a selfie with the infamous inflatable, which depicts the president as a diaper-clad baby holding a cellphone.

The blimp was barely inflated when dozens of people swarmed around, hoping to take a selfie with it.

Spoiler alert: Most of the early posers flipped the bird to the blimp. 

Others, like a group of men and women dressed as soldiers, took a more aggressive stance, as the picture above demonstrates.

The blimp will be at the Con through Sunday.

Equifax agrees to pay $700M after massive data breach

SAN FRANCISCO — The Wall Street Journal says Equifax will pay around $700 million to settle with the Federal Trade Commission over a 2017 data breach that exposed Social Security numbers and other private information of nearly 150 million people.

The Journal, citing unnamed sources familiar with the matter, said the settlement could be announced as soon as Monday. Equifax declined to comment.

The report says the deal would resolve investigations by the FTC, the Consumer Financial Protection Bureau and most state attorneys general. It would also resolve a nationwide consumer class-action lawsuit.

Spokesmen for the FTC and the CFPB didn’t immediately return messages seeking comment Friday night.

The breach was one of the largest affecting people’s private information. Atlanta-based Equifax did not notice the attack for more than six weeks. The compromised data included Social Security numbers, birth dates, addresses, driver license numbers and credit card numbers.

The company said earlier this year that it had set aside around $700 million to cover anticipated settlements and fines.