Business

Nestlé Replaces CEO Following Investigation into Policy Violation Nestlé has removed its chief executive, Laurent Freixe, after an inquiry uncovered an "undisclosed personal relationship" with a subordinate that violated its internal policies. The Switzerland-based company has appointed Philipp Navratil as Freixe’s replacement. An investigation led by Nestlé’

A sharp decline in long-term government debt continues worldwide as concerns grow over fiscal stability and global economic conditions. Following recent losses in bond and equity markets, the downturn has expanded to Asia-Pacific trading sessions. Japan is now facing pressure from bond traders, who are pushing borrowing costs higher by

UK Long-Term Borrowing Costs Near 27-Year High The UK’s long-term borrowing costs are approaching their highest level in nearly three decades, with yields on 30-year government debt rising close to a peak last seen in 1998. On Tuesday, the interest rate on British 30-year bonds reached 5.646%, just

Gold prices surged to a new record high as investors turned to the precious metal amid concerns over inflation and geopolitical instability. The price exceeded $3,500 per ounce in Asian trading, surpassing its previous peak in April. Since the start of 2023, its value has nearly doubled. The rally

A prominent billionaire investor has cautioned that increasing inequality is pushing the US toward authoritarian governance and criticized corporate leaders for remaining silent on policies under Donald Trump’s administration. Ray Dalio, founder of Bridgewater Associates, stated that disparities in wealth and a decline in trust are fueling increasingly extreme

Takeshi Niinami, a prominent Japanese business figure, has stepped down as CEO of the beverage company Suntory following a police search of his residence amid an inquiry into potentially unlawful supplements. His departure from the company behind the Jim Beam whisky brand has caused significant reactions in Japan’s corporate