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Coca-Cola loses $4 billion after Ronaldo gesture

London: Coca-Cola has said that “everyone is entitled to their drink preferences” after football star Cristiano Ronaldo removed two of the company’s soft drink bottles from his press conference. The incident happened during Ronaldo’s press conference.

At the pre-match press conference for UEFA Euro 2020, the Portuguese star wasn’t pleased with the fact that two Coca-Cola bottles were kept in front of him. 

So, he moved the bottles out of the camera view and encouraged people to drink water instead. 

This gesture took $4 billion from Coca-Cola’s market value and its shares dropped 1.6 per cent.

Later, in a statement, a Coca-Cola spokesperson said, “Players are offered water, alongside Coca-Cola and Coca-Cola Zero Sugar, on arrival at our press conferences.” The spokesperson added that people have different “tastes and needs”.

Coca-Cola is one of the official sponsors of Euro 2020.

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Ronaldo’s brace powers Portugal to win, France pip Germany

Seville: When Cristiano Ronaldo stepped onto the pitch in Portugal’s Euro 2020 opener against Hungary, history had already been made — the 36-year-old became the first player to appear at five editions of the European Championship. But it was not the only record he set that day — the double he hit in Portugal’s 3-0 win made him the all-time top-scorer in competition history, breaking away from French legend Michel Platini to stand alone at the top with 11 Euro goals.

“It was essential to start on the right note in order to gain confidence,” said Ronaldo. “Now, we have to continue and win the next game.”

“It was a difficult game, against an opponent who defended very well during 90 minutes, but we scored three goals, and I am very grateful to the team for helping me score two goals,” he added.

The match with Hungary looked to be heading for a draw as the Portuguese struggled to break down a dogged Hungarian defence but Rafael Guerreiro finally opened the scoring in the 84th minute with a deflected strike.

Ronaldo doubled the lead through a penalty two minutes later, and made it 3-0 in injury time after a brilliant one-two with Rafa Silva.

The other Group F match saw a clash between the two most recent world champions, with the 2018 World Cup winners France securing a 1-0 victory over 2014 champions Germany at the Allianz Arena in Munich.

With the results, Portugal top Group F with three points followed by France, who are equal on points but sit second on goal difference.

Netherlands, Austria, England all started with wins in Euro 2020.

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