Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Nestlé food company is leaving Myanmar as the turmoil in the country intensifies. With this move, the Switzerland-based food and drink giant just joined the growing list of major brands that are packing up and withdrawing their business in the region.
Nestlé made the decision to shut down its one and only production plant in Myanmar, which means food manufacturing for its products has been discontinued there as the nation is gripped with escalating political and economic issues. Companies are worried about the instability thus, they opted to just leave.
Then again, Nikkei Asia reported that while Nestlé is closing its plant, its products will still be available in the country through local distributors. The company confirmed it would cease operations at its head office and plant located in Yangon, which is the commercial capital of Myanmar.
The company’s spokesperson also affirmed earlier this week it will be the latest company to exit after the military coup incident two years ago. Myanmar has been in a chaotic state since its leader, Aung Suu Kyi, was ousted by the military. There has been widespread unrest that caused its economy to fall.
Moreover, AFP News, via Channel News Asia, reported that Nestlé cited the "current economic situation" in the country as one of the reasons why it has stopped production in Yangon. It was shared that the firm has been producing Nescafe instant coffee, Milo chocolate drink, and Maggi instant noodles in its Yangon plant.
In any case, with the closure of its office and factory, Nestlé’s spokesperson said that around 138 employees would be affected. Although the fate of these employees was not yet disclosed, the company said it help those who will lose their jobs from this unfortunate event.
“We will do all we can to support everyone affected by this decision,” the spokesperson said. “We will continue to invest behind the brands we sell in the country, working with our local partners in distribution, retail and with the media.”
