Ukraine’s Nestlé boost is as important as EU aid, writes pierrebri
Nestlé will invest 40 million Swiss francs in a new facility that will help to produce cold sauces, seasonings, soups and instant food. The Swiss consumer group, which already has 5,800 employees in the country, will add 1,500 new jobs in the process. Meanwhile the EU struck a deal with holdout Hungary that will allow it to disburse aid to Ukraine next year.
While still at war with Russia, Ukraine needs Western aid to help the government pay its teachers, doctors and soldiers, and start rebuilding railroads and power plants. Private investments will be equally crucial to help the economy take off. Nestlé’s soup spending raises the hope others will follow suit. Deal whiz Byron Trott suffers minor grill burns
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Breakingviews - Breakingviews: Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Weiterlesen »
Breakingviews - Hong Kong IPOs go back to a less luminous futureHong Kong’s bankers and officials fantasise about the moment China finally ditches its Covid-19 restrictions. The mainland’s reopening is crucial to reviving the city’s capital markets. But even that is not enough to ensure Hong Kong’s future as an international financial centre.
Weiterlesen »
Breakingviews - Democracy remains vulnerable despite a good yearAristotle said there are three good forms of government – monarchy, aristocracy and constitutional democracy – in which the rulers act for the common benefit. And there are three bad forms of government where rulers act for themselves: tyranny, oligarchy and demagogy. The ancient Greek philosopher argued the latter are perversions of the former.
Weiterlesen »
Breakingviews - Guest view: Protecting Earth’s underground heroesEvery day across the world, an area roughly the size of 1,000 football fields is paved over to make way for freeways, parking lots and construction sites. This activity seals and traps hidden underground ecosystems and their carbon-capturing capabilities.
Weiterlesen »
Breakingviews - Betting against the Bank of Japan: podcastInvestors are closely watching for signs that Tokyo might finally start winding down its ultra-low interest rates as inflation rises. In this Exchange episode, Pete Sweeney chats with Sayuri Shirai, former BOJ policy board member, about whether and how Japan might adjust.
Weiterlesen »
Breakingviews - Sam Bankman-Fried lacks cover of systemic riskSam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. That hasn’t happened to many mainstream financial hall-of-shame executives in recent years. Questions of guilt aside, the decentralised nature of the product SBF was promoting may have played a role.
Weiterlesen »