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Nestle hikes prices again
February 16th, 2023 - 08:01 GMT

Nestlé hikes prices again as sale volumes drop

ALBAWABA — Swiss food giant Nestlé announced fresh price hikes on Thursday due to inflationary pressures and consumers curbing buying due to global economic burdens. Nestlé, the maker of Nespresso capsules, Maggi bouillons, KitKat chocolate bars and Purina pet food, said sales rose by 8.4 percent to 94.4 billion Swiss francs ($102.3 billion) in 2022. But real internal growth — a measure of sales volumes and consumers’ product choices — ...
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US Fed rate hike
February 1st, 2023 - 08:55 GMT

US Fed unveils quarter point rate hike as inflation cools

Microsoft announces layoffs
January 18th, 2023 - 05:27 GMT

Microsoft to axe 10,000 jobs by April

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