International (14)

Nestle SA is selling part of its stake in L’Oreal SA back to the cosmetics maker for 8.9 billion euros ($10 billion), scaling back a more than four-decade link between two of Europe’s biggest consumer-goods companies.

The International Monetary Fund sees "downside risks" to the global economic rebound it forecast for this year and next, and is concerned that new coronavirus variants may hinder the recovery, its chief economist said. 


Twitter Inc. on Monday became the latest Silicon Valley titan to appoint an Indian-born chief executive officer, joining the likes of Microsoft and Google in recognizing the Asian country as one of the world’s richest pools of tech talent.

Jack Dorsey, the co-founder and chief executive officer of Twitter, is stepping down, according to a person familiar with the situation. 

Monster Beverage, the maker of energy drinks, is exploring a combination with Corona brewer Constellation Brands, according to people familiar with the matter.

The president of long-haul carrier Emirates said Tuesday that an initial public offering of stock in the Dubai-based airline could happen as the city-state tries to boost its local financial market, while promising that its fleet of iconic double-decker jumbo jets would soon ply the skies again.

A twenty-minute stroll through The Hague — The Netherlands’ pretty but low-key capital city — takes you from the prime minister’s office to the workplace of someone who’s arguably even more powerful: the CEO of Royal Dutch Shell Plc.

Tesla was the highest-growing company in the 2021 Interbrand Best Global Brands ranking.

Following its re-entry to the table last year, Elon Musk’s electric-car firm enjoyed an unprecedented 184% increase in brand value to $36.3bn, moving 26 places up the table to 14th.

Despite its seismic growth, Tesla has yet to enter the top 10 alongside Toyota and Mercedes-Benz. Apple ($408.2bn) once again took the top spot in the table, followed by Amazon ($249.2bn). Having overtaken Google in 2020, Microsoft  ($210.1bn) has preserved its place in the top three. The top three brands account for a third of the total table value this year.

The remainder of the Top 10 comprised Google ($196.8bn), Samsung ($74.6bn), Coca-Cola ($57.5bn), Toyota ($54.1bn), Mercedes-Benz ($50.9bn), McDonald’s ($45.9bn) and Disney ($44.2bn).

Other automotive companies in the top 100 were BMW (12th), Tesla (14th), Honda (25th), Hyundai (35th), Audi (46th), VW (47th), Ford (52nd), Porsche (58th), Nissan (59th), Ferrari (76th), Kia (86th), Mini (96th) and Land Rover (98th)

Interbrand measures brand value by the financial performance of the branded products or services, the role the brand plays in purchase decisions and the brand’s competitive strength.

The research covered the period between July 1 2020 to June 30 2021.


Investment bank Credit Suisse has been fined £147m by UK authorities over a corruption scandal involving Mozambique's tuna fishing industry.

World number one diamond producer by value De Beers reported a 6.1% dip in rough diamond sales in its eighth sales cycle of the year, bringing its year-to-date sales almost in line with 2019’s total.

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