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Nestlé surprised the market with 1.5% growth in real internal sales (RIG) in the third quarter—well above expectations of 0.3%. The boost came mainly from higher pricing in coffee and confectionery. That said, the packaged-foods giant also revealed plans to cut 16,000 jobs globally over the next two years. The reductions include 12,000 white-collar roles…
Authorities in the United States and United Kingdom have seized over $14 billion in bitcoin linked to an international fraud network, according to a BBC report. The move comes as part of a joint operation targeting alleged scammers who used online tactics to defraud victims globally. The suspect at the center of the case is…
On October 13, 2025, global markets rebounded strongly, driven by gains in AI and tech stocks after a softer tone on trade from U.S. President Donald Trump. The S&P 500 climbed 1.6 %, while the Nasdaq jumped 2.2 %, fueled by optimism around chipmakers and AI plays. Trump’s remarks hinted at de-escalation in the trade…
Shares of RBL Bank, a mid-sized private lender in India, surged more than 3% on October 14, reaching levels not seen since early 2024. The rally was fueled by reports that Emirates NBD, a leading Dubai bank, is in advanced talks to acquire up to 25% stake in RBL through a mix of equity and…
French Prime Minister Sébastien Lecornu plans to propose a €31 billion austerity package aimed at reducing France’s budget deficit to 4.7% of GDP by end-2026, according to La Tribune and Reuters. The draft budget, expected to be published imminently, will blend spending cuts with revenue increases. Among the measures: a tax on wealthy holding companies,…
New Zealand’s central bank plans to ease its loan-to-value ratio (LVR) limits from December 1. The change aims to give banks more flexibility to issue mortgages. Under the new rules, 25% of newly issued owner-occupier home loans can go to buyers who deposit less than 20%. Currently, that share is capped at 20%. Reserve Bank…
Oil tanker operator DHT Holdings said its fleet has no U.S. links in response to China’s newly imposed port fees. The rules target vessels with ties to the United States. China’s policy, effective October 14, aims to penalize vessels built, flagged, or owned (≥ 25%) by U.S. entities. The move is framed as a countermeasure…
Rio Tinto reported a 6% sequential increase in third-quarter iron ore shipments, reaching 84.3 million tonnes from its Pilbara operations. This rise marks Rio’s second-highest Q3 haul in years, though it fell just short of the 85.5 Mt consensus. Earlier this year, four cyclones disrupted production and logistics in Western Australia, forcing Rio to signal…
NASA’s Jet Propulsion Laboratory (JPL) will lay off about 550 employees as part of a reorganization aimed at streamlining operations and focusing on core technical capabilities. The job cuts span technical, business, and support roles. The restructuring began in July, and notification to impacted staff is expected imminently. JPL is NASA’s only federally funded research…
Honeywell expects unprecedented demand in private aviation. Over the next ten years, it forecasts 8,500 new business jets valued at $283 billion will be delivered globally — a 34-year high. This outlook defies early skepticism that pandemic-driven interest in private travel would fade. Instead, usage and orders continue to climb. The jet-maker notes that 91%…
