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Nestle to axe 16,000 jobs as new boss pushes to cut costs
Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…
Firms will hesitate to invest in US after raid – South Korea president
South Korean companies will be “very hesitant” about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said. More than 300 South Koreans who were arrested in the raid are due to return home on Friday. Their departure had been…
Greenland: How could Europe respond to Trumps tariffs threat?
Dearbail Jordan, Theo Leggettand Jonathan Josephs,BBC Business News Getty Images EC President Ursula von der Leyen struck a deal with Donald Trump last year Donald Trump’s threat on Saturday to impose tariffs on eight European countries unless they support his plan to buy Greenland came as a shock. The US president said he would introduce…
