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Business

Nestle’s overhaul pays off as growth accelerates

VEVEY: Nestle put its Herta processed meats business on the block yesterday, accelerating the food group’s revamp as it reported an uptick in sales momentum for the first time in seven years.

Business

Link between energy firms and their CEO’s pay

NEW YORK: Oil and gas companies continue to link executive pay to the discovery of energy resources the world can’t safely burn, potentially jeopardising shareholder value, according to a new report.

World

First stop for migrant kids: For-profit detention centre

HOMESTEAD, Fla., SAN FRANCISCO, Calif. (Reuters) - For a growing number of migrant children, this is their first home in America: a sprawling campus dotted with beige buildings, massive white tents and metal trailers, next door to a U.S. Air Force base.

Business

Big hedge funds dumped China stocks, Apple as market tumbled

NEW YORK: Prominent hedge fund managers sold out of Chinese technology stocks and dumped Silicon Valley giants like Apple Inc and Facebook Inc while global stock markets cratered during the fourth quarter, according to securities filings released on Thursday.

Business

S&P, Dow, slip as grim retail sales data overshadows trade hopes

NEW YORK: The S&P 500 and the Dow slipped while the Nasdaq posted a slim gain on Thursday as investors struggled to square grim retail sales data with hopes that high-level talks in Beijing could resolve the ongoing U.S.-China trade dispute.

World

Kremlin - Russia's economy can weather new U.S. sanctions

MOSCOW (Reuters) - The Kremlin said on Thursday that Russia's economy could cope with any new U.S. sanctions, adding that it had demonstrated macroeconomic stability and even achieved growth while facing punitive measures from the West.

World

In Myanmar, new parties challenge Suu Kyi's grip on power

YANGON (Reuters) - New political groups are emerging to contest Myanmar's next election in 2020, aiming to challenge the hegemony of national civilian leader Aung San Suu Kyi after she has been weakened by escalating ethnic conflicts and slowing economic growth.

World

In rural Mississippi, still waiting on recovery

ITTA BENA, Miss (Reuters) - Here’s what has happened in Leflore County, Mississippi, since the end of the U.S. recession in 2009.

Business

Bursa closes higher after Q4 2018 GDP exceeds forecast

KUALA LUMPUR: Bursa Malaysia closed higher on Thursday after the economy in the fourth quarter grew above expectations and Bank Negara expects steady growth for this year.

World

Weak sales push Airbus to end A380 production after 12 years

TOULOUSE (Reuters): Loved by passengers, feared by accountants, the world's largest airliner has run out of runway after Airbus decided to end A380 production after 12 years in service due to weak sales.