Posts by Amelia Frost
Unilever Announces Profit Slump On Russia Exit
British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs. Profit after tax dropped 11 percent to 5.7 billion euros ($5.9 billion) compared with 2023, said the group whose products include Magnum ice cream, Cif surface cleaner and Dove soap. Sales increased nearly two…
Read MoreNestle Sales Beat Forecast After Price Hikes
Swiss food giant Nestle reported better-than-expected annual sales on Thursday, boosting its shares after the maker of Nescafe coffee, KitKat chocolate and Purina dog food hiked prices to offset inflation. Shares in the group, whose myriad products also include Maggi bouillon cubes, Gerber baby food and Nesquik chocolate-flavoured drink, soared almost six percent in Zurich…
Read MoreD.C. Plane Crash Warnings Were Years in the Making
In many ways, the issues at Reagan National’s control tower are emblematic of the fraying safety net that protects air travel throughout the United States. A Times investigation in 2023 found that close calls involving passenger planes happened, on average, multiple times each week across the country. The near misses were often the result of…
Read MoreHow Trump Is Gutting Regulatory Agencies Like the SEC, CFPB and EEOC
The Trump administration is rapidly delivering wins to American companies by rolling back regulations, pausing investigations and retreating from lawsuits accusing employers of discrimination. A combination of firings, stop-work orders and litigation pauses has hobbled regulators like the Consumer Financial Protect Bureau, the Equal Employment Opportunity Commission, the National Labor Relations Board, and the Securities…
Read MoreHelp! Our Paris Rental Apartment Was Robbed and Airbnb Won’t Compensate Us.
Dear Tripped Up, In June 2023, we stayed six nights in an Airbnb apartment in Paris, and it was trouble from the start. The electricity was faulty, forcing my children to use a flashlight to climb a steep stairwell, and the Wi-Fi didn’t work, requiring us to spend about $200 on international data. For workers…
Read More‘Progress’ In Push To Salvage Israel-Hamas Truce: Palestinian Sources
Palestinian sources reported progress on Thursday in efforts to salvage the ceasefire in Gaza from its worst crisis yet, with a view to ensuring that Hamas releases Israeli hostages this weekend as planned. The truce that has largely halted fighting in the Israel-Hamas war was plunged into uncertainty after the militant group said it would…
Read MoreTreasury Secretary Makes Trip to Kyiv
Treasury Secretary Scott Bessent became the first senior Trump administration official to visit Ukraine, arriving on Wednesday for talks on an agreement that would trade access to Ukrainian natural resources for continued military support. Mr. Bessent’s trip comes amid anxiety in Kyiv and among American allies about whether U.S. support for the Ukrainian war effort…
Read MoreGermany’s Commerzbank To Cut Jobs To Fight Off UniCredit
German lender Commerzbank said Thursday it plans to cut about 3,900 jobs, around 10 percent of its workforce, seeking to fight off pressure for a tie-up from Italian bank UniCredit. The bank also hiked its financial targets, as executives aim to boost its attractiveness for shareholders and bolster defences against its Italian suitor amid speculation…
Read MoreBritain’s Economy Squeezes Out 0.1% Growth
The British economy eked out growth at the end of last year, data published on Thursday showed, slightly easing the pressure on the government as it tries to quicken the pace of economic growth. Gross domestic product increased 0.1 percent in the last three months of 2024, following zero growth in the previous quarter. Most…
Read More‘Backstabber’ Mitch McConnell Under Fire: Lone GOP Senator Votes Against Trump DNI Pick Tulsi Gabbard
KEY POINTS McConnell said after the vote that Gabbard as a ‘history of alarming lapses in judgment’ Gabbard refused to call Edward Snowden a traitor during her Senate confirmation hearing X users are calling on McConnell to retire, and some compared him to ex-president Biden in his last few months in office Sen. Mitch McConnell,…
Read MoreHonda and Nissan Scrap $50 Billion Merger Plan
A $50 billion merger between Honda Motor and Nissan Motor, which would have established one of the world’s largest auto groups, has been called off. In December, Japan’s second- and third-largest automakers said they were exploring plans to combine their operations with the goal of sharing costs and jointly developing next-generation vehicles. Both companies said…
Read MoreNorth Korea Destroys Family Reunion Centre In ‘Inhumane Act’, Seoul Says
North Korea is demolishing a venue that for decades hosted tearful reunions of families separated by the Korean War and the division of the country, Seoul said Thursday, decrying the “inhumane” move. Millions of people were swept apart by the 1950-53 Korean War, which split the peninsula and separated brothers and sisters, parents and children…
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