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PSG president Al-Khelaifi charged in French corporate abuse of power probe: source
French judicial authorities have charged the president of Paris Saint-Germain football club, Nasser Al-Khelaifi, with complicity in abuse of power concerning shareholder voting at a company, a source close to the case said Thursday.
Pesticides causing widespread harm to animals and plants: study
Pesticides are significantly harming wildlife across the planet, stunting growth, damaging reproduction and even causing behavioural changes in animals not meant to be targeted, according to a large-scale study published on Thursday.
Unilever announces profit slump on Russia exit
British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs. The fall in profits reflected the sale of assets and "higher restructuring costs as a result of accelerating the productivity programme", the company said in its earnings statement.
French game developers mark first industry-wide strike
French video game workers on Thursday hit the pause button in a first-ever sector-wide walkout over conditions and job cuts. Drawing in other worker groups, the movement has even spread abroad with a walkout at a studio belonging to French giant Ubisoft in Barcelona, Spain.
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.
AFP
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