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Nestle confirms outlook as volume growth picks up

Jason Adlen | Bloomberg | Getty Images Bars of original KitKat chocolate, produced by Nestle SA. Food group Nestle confirmed its full-year guidance after organic sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes. Packaged food companies have seen their sales slow as …

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Investcorp on Crown Prince Mohammed bin Salman’s plans to reform Saudi Arabia

Fayez Nureldine | AFP | Getty Images Saudi Crown Prince Mohammad bin Salman’s goal to diversify Saudi Arabia’s oil-based economy and transform the kingdom into a tech and logistics hub could ultimately be an opportunity for American enterprise. Saudi Arabia’s crown prince has set out an ambitious plan to modernize …

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China bans imports of 16 scrap, waste products from end of 2018

Qilai Shen | Bloomberg | Getty Images A man rides a bicycle rickshaw carrying scrap materials in Beijing, China, on Wednesday, March 2, 2016. China will ban the imports of 16 more scrap metal and chemical waste products from the end of this year, the environment ministry said on Thursday. …

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Hip hop in China under scrutiny as ‘Hot Blood Dance Crew’ airs

VCG | Getty Images Singer Jackson Wang, singer Lu Han, actor William Chan and singer and actress Victoria Song attend the press conference for “Hot Blood Dance Crew” on Jan. 23, 2018, in Shanghai, China. Amid restrictions aimed at China’s burgeoning hip hop scene, some elements associated with the culture …

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Trump and Kim Jong Un should meet: Former Ambassador Bill Richardson

Jung Yeon-je | AFP | Getty Images A South Korean soldier walks past a television screen showing pictures of US President Donald Trump (L) and North Korean leader Kim Jong Un at a railway station in Seoul on March 9, 2018. The trip provides the strongest sign yet of Trump’s …

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Morgan Stanley shares gain after record first-quarter earnings report

Qilai Shen | Bloomberg | Getty Images James Gorman, chief executive officer of Morgan Stanley Net income rose to $2.7 billion for the quarter, up more than 40 percent from a year earlier. “Relative to peers, Morgan Stanley produced standout results,” Nomura Instinet analyst Steven Chubak wrote in a note …

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Island-wide blackout hits Puerto Rico; officials probe cause

Alvin Baez | Reuters People in a coffee shop during a power outage that affected several areas in the country, in San Juan, Puerto Rico, September 21, 2016. An island-wide blackout has hit Puerto Rico, which is struggling with an increasingly unstable power grid nearly seven months after Hurricane Maria …

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Cuba proposes Miguel Diaz-Canel to replace Castro as president

STR | AFP | Getty Images Cuban President Raul Castro (L) waves next to First Vice-President Miguel Diaz-Canel (C) during a National Assembly session that will select Cuba’s Council of State ahead of the naming of a new president, in Havana on April 18, 2018. Cuba on Wednesday proposed Miguel …

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Turkey’s Erdogan declares early elections on June 24

Ali Balikci | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan speaks during a press conference at the Presidential Complex in Ankara, Turkey on April 18, 2018. Erdogan said he made the decision after speaking to the head of the nationalist MHP party, Devlet Bahceli, who a day …

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Facebook’s future growth market may be outside the US

Susana Bates | AFP | Getty Images Indian Prime Minister Narendra Modi (L) and Facebook CEO Mark Zuckerberg attend a town hall meeting at Facebook headquarters in Menlo Park, California in September 2015. Overall, whether in the developed or developing world, consumers are showing few signs of being very bothered …

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