Business and Economy

Business and Economy Latest News

Nestle CEO Schneider to step down after eight years at helm
Nestle CEO Schneider to step down after eight years at helm
by  AFP

Nestle chief executive Mark Schneider is leaving the Swiss food group after eight years in charge and will be replaced by Latin America boss Laurent Freixe, the company said Thursday. The company has also faced controversy in recent years, with Swiss NGO Public Eye accusing Nestle of selling baby food with high levels of added sugar in low-income countries but not in wealthier nations.

Nepal lifts ban on video-sharing platform TikTok
Nepal lifts ban on video-sharing platform TikTok
by  AFP

Nepal on Thursday lifted its ban on TikTok nine months after suspending the popular video-sharing platform for disturbing "social harmony", the communications minister said. Nepal had suspended TikTok in November last year, days after introducing a directive requiring social media platforms operating in the country to set up offices.

Mpox vaccine maker says 'better prepared' than in 2022
Mpox vaccine maker says 'better prepared' than in 2022
by  AFP

Danish drugmaker Bavarian Nordic said Thursday that it was "better prepared" to supply its mpox vaccine for the current surge of the virus than it was for the 2022 epidemic. Last week, the health agency of the African Union said some 200,000 vaccines would be deployed across Africa, thanks to agreements with the EU and the Danish drugmaker, whose vaccine was approved in 2019.

Energy

Money

Industry

Technology

Economy