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Unilever announces profit slump on Russia exit
Unilever announces profit slump on Russia exit
by  AFP

British consumer goods giant Unilever on Thursday announced falling net profits for 2024, hit by exiting Russia and other restructuring costs. The fall in profits reflected the sale of assets and "higher restructuring costs as a result of accelerating the productivity programme", the company said in its earnings statement.

French game developers mark first industry-wide strike
French game developers mark first industry-wide strike
by  AFP

French video game workers on Thursday hit the pause button in a first-ever sector-wide walkout over conditions and job cuts. Drawing in other worker groups, the movement has even spread abroad with a walkout at a studio belonging to French giant Ubisoft in Barcelona, Spain.

Nestle sales beat forecast after price hikes
Nestle sales beat forecast after price hikes
by  AFP

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. Consumers turned to cheaper products as Nestle raised prices to cope with inflation.

Germany's Commerzbank to cut jobs to fight off UniCredit
Germany's Commerzbank to cut jobs to fight off UniCredit
by  AFP

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. It has since boosted its holding in the German bank to around 28 percent.