Coca-Cola’s share price dropped from $56.10 to $55.22 almost immediately after Ronaldo’s gesture, a 1.6% dip. The market value of Coca-Cola went from $242bn to $238bn – a drop of $4bn.

The Portugal captain is a renowned health fanatic and made it clear what he thinks of the carbonated soft drink.

Japan considering limited domestic spectators at Olympics – media

Jun 16, 2021

Foreign spectators are already prohibited from the Olympics beginning on July 23. Organisers and government officials in Japan have said they would continue to work on coronavirus measures for a “safe and secure” Games, and that a decision on domestic spectators would be made this month.

Alibaba victim of huge data leak by consultant: Chinese Court

Jun 16, 2021

A central Chinese court ruled that an employee of a consultant that helps merchants on Alibaba’s Taobao online mall was guilty of dredging up more than a billion data items on Taobao users since 2019, using that to serve clients. The court imposed jail terms of more than three years on the staffer and his employer, alongside fines totaling 450,000 yuan ($70,260).

AXA XL appoints new leadership for Global Political Risk, Credit & Bond

Jun 16, 2021

AXA XL underwrites PRCB coverages to large organizations on a global basis. This class includes Political Risk insurance, Credit insurance covering the non-payment of debt obligations and providing commercial bonding requirements around the globe.

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