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Nestle struggles amid weak China market
Nestle struggles amid weak China market
Economy
by  AFP

Nestle said Tuesday its net profit fell in the first half of the year as the Swiss food giant behind Nespresso coffee capsules and KitKat chocolate bars struggles to turn around its fortunes amid sluggish consumer spending in China. Nestle made a surprise switch of its chief executive least year amid soft spending by consumers for food and household goods.

Deutsche Bank posts bumper profits, shares soar
Deutsche Bank posts bumper profits, shares soar
Economy
by  AFP

Deutsche Bank on Thursday reported its highest second-quarter profit since 2007 and said it was on track to meet annual targets, sending shares in Germany's biggest lender soaring. Thursday's result "puts us on track to meet our 2025 targets", said CEO Christian Sewing.