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McDonald's profits dented by food poisoning outbreak
McDonald's profits dented by food poisoning outbreak
by  AFP

McDonald's reported a dip in profits Monday as it contended with lingering effects from a US food poisoning outbreak that depressed sales in its home market. Sales hit a trough soon after the late-October outbreak, but improved later in the quarter as McDonald's bolstered marketing campaigns and value promotions, executives said on an earnings conference call.

Nestle share slump adds pressure on new boss
Nestle share slump adds pressure on new boss
by  AFP

Nestle's slumping share price is rattling shareholders and pension funds that have invested in the food giant, piling pressure on its new boss ahead of Thursday's annual results. In Switzerland, the NZZ daily newspaper warned that many Swiss citizens were affected given Nestle's weight in pension fund investment.

Asian markets mixed as traders weigh Trump's latest tariff salvo
Asian markets mixed as traders weigh Trump's latest tariff salvo
by  AFP

Equities were mixed in Asia on Monday after Donald Trump ramped up his trade war by announcing huge tariffs on steel and aluminium imports and warned every country would face "reciprocal" levies. He also said he would announce "reciprocal tariffs" to match his government's levies to the rates charged by other countries on US products.

Government chiefs and tech leaders gather in Paris for AI summit
Government chiefs and tech leaders gather in Paris for AI summit
by  AFP

Political and tech industry leaders were set to descend on Paris Monday for a two-day summit on artificial intelligence, hoping to find common ground on a technology with the potential to upset global business and society. - 'Stargate' sets the pace - In a TV interview, he trailed "109 billion euros ($113 billion) of investment in artificial intelligence in the coming years" in France.