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Nestle shares fall after CEO's surprise departure
Nestle shares fall after CEO's surprise departure
by  AFP

Nestle shares fell Friday after the surprise departure of chief executive Mark Schneider, which followed slowing sales growth and bad headlines at the Swiss food group. Freixe, a Frenchman who joined Nestle in 1986, told investors on Friday that his "big focus" will be on sales growth and "market share gains".

Energy-hungry Singapore eyes deserts, forest for renewables
Energy-hungry Singapore eyes deserts, forest for renewables
by  AFP

With huge data centres set to drive up already outsized energy demand, the tiny city-state of Singapore is looking to Australia's deserts and Malaysia's rainforests for clean power. Demand, meanwhile, is only set to rise, particularly from data centres, which already account for seven percent of Singapore's electricity consumption.

UK Labour's move to tax private schools stirs passions
UK Labour's move to tax private schools stirs passions
by  AFP

UK's Labour government has vowed to tax private schools in order to boost public education and create thousands of teaching posts, but the policy is causing concern for families already hard-pressed to meet the fees.

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