Mark Schneider, Nestle’s recently ousted CEO, steered the world’s biggest food maker through the COVID-19 pandemic, grew margins despite a subsequent supply chain crunch, and pulled off a historic reorganisation. So when did he lose the board’s faith? While Nestle declined to comment on the nature of his departure when announcing it on Thursday, and … Read more
Adults grappling with hygiene poverty are sacrificing basic necessities such as deodorant, toothpaste, and hot showers to ensure their families can eat. A survey of 500 individuals struggling to afford everyday hygiene items revealed that a staggering 83% have had to cut back on daily essentials to provide for their children during school holidays. Shockingly, … Read more
Just as enthusiasm over artificial intelligence and China’s stimulus fades, a familiar weakness has come back to haunt equity investors in emerging markets: sinking corporate profits. With 96% of companies in the MSCI Emerging Markets Index done with their quarterly results, the earnings season is almost over. And the picture isn’t pretty — Almost half … Read more
