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Nestle to close factory, head office in Myanmar
Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday, the latest firm to draw back from the country after a military coup two years ago. A Myanmar firm would instead market and distribute Nestle products from Thailand, Malaysia and the Philippines, the spokesperson said.
UK-EU Brexit fix: What's at stake?
An agreement between Britain and the European Union over post-Brexit trade rules in Northern Ireland appears imminent. It keeps the province in the EU's single market and customs union, requiring oversight from European courts and mandating checks on goods arriving from mainland Britain.
Paris Fashion Week coloured by scandal and grief
Paris Fashion Week launched Monday with touches of scandal and grief, as Balenciaga tries to move past recent controversies while Vivienne Westwood and Paco Rabanne hold their first shows since their founders' deaths. And the first Vivienne Westwood show since the dame's death in December will be held on Saturday.
UK and EU eye deal over post-Brexit trade in N.Ireland
Britain and the European Union were on Monday poised to agree a crucial overhaul of trade rules in Northern Ireland, in a breakthrough aimed at resetting strained relations since Brexit.
Carbon credits: a contested tool to fight deforestation
Planting trees or safeguarding tropical rainforests have become popular tools for companies seeking to offset their carbon emissions and proclaim their commitment to the environment. In other words, companies financing forests to offset carbon emissions is acceptable, but not as a loophole to avoid reducing their own emissions. mdz/lam/imm
China banking tycoon Bao Fan 'cooperating with investigation'
Chinese billionaire Bao Fan is "cooperating in an investigation" by authorities, his company said, almost two weeks after his disappearance sparked fears of a renewed crackdown on the nation's financial services industry.
Asian markets drop on rate fears as US inflation runs hot
Asian markets sank Monday following a Wall Street selloff, as forecast-beating US inflation data reinforced expectations the Federal Reserve would continue to ramp up interest rates for some time. All three main indexes on Wall Street ended deep in the red Friday, and Asia followed suit on Monday.
Phone firms set for annual meet in shadow of global slump
The big beasts of the telecom industry will gather in Barcelona on Monday for their most important annual get-together, this year under the shadow of a severe slump across the technology sector. Overall sales of smartphones last year slumped by 11.3 percent compared with 2021, according to the IDC consultancy.
Far-reaching UN treaty a must to cut global plastic use: experts
Only a bold and ambitious UN treaty with sweeping reforms of the entire plastic life cycle can stem the world's waste crisis, experts said Monday.
AFP
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