AFP
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Nestle sales beat forecast after price hikes
Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation. Consumers turned to cheaper products as Nestle raised prices to cope with inflation.
UK economy picks up, boosting govt amid US tariffs
Britain's economy picked up at the end of last year, official data showed Thursday, relieving some pressure on the Labour government as the country faces up to US tariffs.
Germany's Commerzbank to cut jobs to fight off UniCredit
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. It has since boosted its holding in the German bank to around 28 percent.
What next for Honda and Nissan?
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world's third-biggest auto company by unit sales behind Toyota and Volkswagen. - When the merger talks were announced in December the plan was that the two automakers along with Mitsubishi Motors would integrate their businesses under a new holding company.
Trump threats to South Africa rattle automakers
South Africa exports vehicles worth about $1.9 billion every year, many to the United States under a trade deal now in jeopardy as President Donald Trump piles pressure on the country. Motor vehicles account for 22 percent of South Africa's exports to the United States, worth $1.88 billion -- behind only precious metals, according to government statistics.
Asian stocks rise, oil falls as Trump fans Ukraine peace hopes
Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia's Vladimir Putin had discussed peace talks. Ukrainian President Volodymyr Zelensky said he had a "meaningful conversation" with Trump and that the leaders discussed ways to end the war.
Tens of thousands go hungry in Sudan after Trump aid freeze
For the first time in nearly two years of war, soup kitchens in famine-stricken Sudan are being forced to turn people away, with US President Donald Trump's aid freeze gutting the life-saving schemes.
Facing egg shortage, Americans bring chickens home to roost
A Houston poultry supply company is selling chickens like there is no tomorrow, as sky-high prices for eggs prompt some Americans to produce their own at home. John Berry, who manages a livestock company in Houston, reported a dramatic increase in demand for chickens as consumers grapple with the egg shortage.
China's 2024 coal projects threaten climate goals: report
China last year began construction on projects with the greatest combined coal power capacity since 2015, jeopardising the country's goal to peak carbon emissions by 2030, according to a report published Thursday. China is due to announce details of its 15th Five-Year Plan -- for 2026 to 2030 -- in the coming months, likely including updated emissions and energy goals.
AFP
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