DR CONGO

Nestle to close its DR Congo factory

Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo...

4 Dec 2017

SOUTH AFRICA

Nestlé posts sluggish first half profits

GENEVA - Nestlé, the world's largest food company, on Thursday reported a 9.1 percent fall in profits through the first six months of 2016, but said its sluggish performance should be reversed in a strong second half...

19 Aug 2016

SWITZERLAND

EU challenges Russia at WTO over duties on vans

GENEVA, SWITZERLAND: The European Union said that it had launched a fresh challenge to Russia at the World Trade Organisation, seeking to strike down Moscow's import duties on vans from Germany and Italy.

22 May 2014

SWITZERLAND

Holcim confirms merger talks with Lafarge

GENEVA, SWITZERLAND: Switzerland's Holcim confirmed that it is in merger talks with its French rival Lafarge in a deal that would create the world's largest cement company.

7 Apr 2014

SWITZERLAND

Luxury carmakers looking at SUVs

GENEVA, SWITZERLAND: Large or small, affordable or off-the scale pricey: urban sports utility vehicles abound at the Geneva Motor Show, with luxury manufacturers are moving into this lucrative market.

6 Mar 2014

SWITZERLAND

Smaller cars may boost European recovery

GENEVA , SWITZERLAND: Car manufacturers launched a range of smaller, nimbler cars to tempt cash-strapped consumers in a recovering European market, with compact vehicles taking centre stage at the Geneva Motor Show.

5 Mar 2014

SWITZERLAND

Nespresso drops coffee capsule lawsuit

GENEVA, SWITZERLAND: Swiss food company Nestle's coffee capsule arm Nespresso said on Tuesday (7 January) it had dropped a lawsuit in Germany over alleged patent violations by generic manufacturer, the Ethical Coffee Company.

8 Jan 2014

SWITZERLAND

Manufacturing revolution with 3D printers

GENEVA, SWITZERLAND: Three-dimensional printing could herald a new industrial revolution as potentially important as the invention of the steam engine or telegraph experts claim.

29 Apr 2013

SWITZERLAND

World car sales likely to grow by 3%

GENEVA, SWITZERLAND: Global sales of cars, buses, utility vehicles and trucks are expected to grow by 3% this year, down from 5% in 2012, according to a forecast published on Wednesday (6 March).

8 Mar 2013

SWITZERLAND

Nestle says tough year coming

VEVEY, SWITZERLAND: Swiss-based food giant Nestle warned on Thursday (14 February) that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.

17 Feb 2013

GERMANY

Demand for smartphones higher than ever before in Europe

NUREMBURG, GERMANY: In 2011, demand for mobile phones once again increased in Europe, largely as a result of the rising popularity of smartphones. According to GfK, 3.2% more mobile phones were sold in 2011, in particular the sales of smartphones increased by 67%.

15 Feb 2012

AFRICA

World Economic Forum on Africa poised for take off

GENEVA, SWITZERLAND / CAPE TOWN, SA: The World Economic Forum has announced that more than 900 participants from 60 countries will participate in the 21st World Economic Forum on Africa in Cape Town, South Africa, 4-6 May 2011. Jacob G. Zuma, president of South Africa, will host the meeting, where participants will gather to deliberate under the theme From Vision to Action, Africa's Next Chapter.

29 Apr 2011

UNITED KINGDOM

Renewable M&As market rallies

LONDON, UK: North America's switch on to energy efficiency has driven their position in the global renewable M&A market in the last 12 months, and could act as a driver for the region to become the dominant renewables market within three years, according to new analysis by PwC. In Europe, however, regulatory uncertainty clouds European deals.

29 Mar 2011

UNITED STATES

Unemployment, inflation worries hit consumer confidence

NEW YORK, US: Consumer confidence fell in 25 out of 52 countries in Q4 2010 as hope for a global economic recovery evaporated at the end of last year, according to the latest edition of the Nielsen Global Consumer Confidence Index, which tracks consumer confidence, major concerns and spending intentions among online consumers.

27 Jan 2011

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