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Nestle, the world’s largest packaged-food company, is trimming its workforce by 16,000 over the next two years as it seeks to "substantially" reduce costs under its new CEO Philipp Navratil.In the Thursday announcement, Navratil established a new goal to achieve cost savings of 3 billion Swiss francs by the end of 2027, which is higher than its previous target."As Nestle moves forward, we will be rigorous in our approach to […]

Often unmarked and hidden from commercial tracking systems, a growing fleet of "ghost ships" is quietly delivering sanctioned Russian oil to ports in China and India — intensifying tensions with Washington as high-stakes trade negotiations unfold with both countries.President Donald Trump said Wednesday India has agreed to stop the practice of purchasing discounted Russian crude and re-exporting refined oil products on the global market, a tactic that props up Moscow’s […]

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day.Bessent said at a news conference the partial government shutdown is "starting to cut into muscle here" as the shutdown continues into its third week."We believe that this shutdown may start costing the U.S. economy up to $15 billion a day," Bessent said. The Treasury Department later clarified that he meant […]