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The maker of Nescafé coffee and Purina pet food said sales volumes fell after it raised prices to offset soaring costs.

By Giulia Petroni

Nestle reported weaker than expected full year net profit despite the world's biggest food group passing on higher raw material costs by hiking prices for customers.

Nestle will pay a former manager 2 million Swiss francs ($2.2 million) compensation after a Swiss court upheld her claim of bullying while working at the company, newspaper Tages-Anzeiger reported.

Nestle will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper.

If you've been avoiding stocks during the past few months in order to prevent yourself from making any more mistakes after 2022's bloodbath and you're looking to dip your toe back into equities, finding good global stocks to buy might be the wisest course of action. As of Jan. 27, the iShares MSCI ACWI ex U.S. ETF (NASDAQ: ACWX ) was up 20% in 2023.

Global food giant Nestle is set to invest $100 million over the next three years in its Colombian operations, President Gustavo Petro said on Friday, part of his push to boost industrialization.

Almost a year after Vladimir Putin launched the devastating invasion of Ukraine, Western companies' alleged links to Russia are still under the microscope.

Tariffs on baby formula are set to resume in the new year, despite supply chain issues and some still empty shelves.

What do big companies see when they look toward the future? I talked with Melissa Cash, chief strategy officer at Nestlé, about the trends Nestlé is predicting.