Nestle to hike food prices further in 2023, CEO says
The increases will not be as steep as they were in 2022, Mark Schneider said
Business
Dragon Steven Bartlett plans ‘money school’ for Grenfell community
Dragons’ Den investor wants to offer financial workshops after being asked for help by those affected by 2017 disasterSteven Bartlett, the multimillionaire Dragons’ Den investor, is planning a “money school” for the Grenfell Tower community to advise p…
Tesla’s Elon Musk found not liable in trial over 2018 ‘funding secured’ tweets
A US jury on Friday found Tesla Inc CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had “funding secured” to take the electric car company private.
Meta Soars by Most in Decade, Adding $100 Billion in Value
Meta’s stock surged on Thursday after the company reported better-than-expected earnings, said it would buy back billions of dollars in its stock, and overcame a court challenge to its ambitions in the so-called metaverse. The New York Times reports: S…
Nostalgia sells; nostalgia with a twist can be a smash
Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will willingly open their wallets to scratch that sentimental itch.
Sydney renter hit by 35% hike as housing crisis sparks calls to cap increases
Tenants’ Union says some form of rent control is needed to alleviate pressure during a ‘nasty’ time in the marketFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastMillie B…
Vaccine Makers Kept $1.4 Billion in Prepayments for Canceled Covid Shots for the World’s Poor
As global demand for Covid-19 vaccines dries up, the program responsible for vaccinating the world’s poor has been urgently negotiating to try to get out of its deals with pharmaceutical companies for shots it no longer needs. From a report: Drug compa…
Elon Musk surprise appearance as Tesla tweet trial wraps up
The CEO of both Tesla and Twitter was not required to show up for Friday’s proceedings.
Scams: FCA blocks more than 10,000 ads from Instagram, Facebook and YouTube
Financial watchdog warns over rise of ‘fin-fluencers’ targeting younger people on social mediaMore than 10,000 misleading financial promotions and scams aimed at consumers via social media sites such as Instagram, Facebook, YouTube and TikTok have been…
FTC Prepares Antitrust Suit Against Amazon
The Federal Trade Commission is preparing a potential antitrust lawsuit against Amazon that in the coming months could challenge an array of the tech giant’s business practices as anticompetitive, WSJ reported Friday, citing people familiar with the ma…