Economy

Nestlé plans to cut 16,000 jobs worldwide by 2027 under new CEO Philipp Navratil, aiming to save 3 billion francs through automation, digitalization, and restructuring.

French Prime Minister Sébastien Lecornu postpones pension reform until 2027, facing potential no-confidence votes from opposition parties.

India’s state-owned refineries begin paying for Russian oil in yuan, simplifying transactions and increasing access to crude shipments from Russia.

Moldova joined SEPA on October 6, enabling euro transfers at EU internal rates, reports Baltimore Chronicle.

Ukrainian MPs call to nominate Donald Trump for the Nobel Peace Prize and urge the Verkhovna Rada to include the petition on the parliamentary agenda.

Taiwan plans to call on domestic firms to curb Russian oil imports in line with US and EU sanctions, the Ministry of Foreign Affairs said.

The White House has prepared a list of federal agencies facing mass layoffs of civil servants, with the announcement expected in the coming days, CNN reports.

Moldova holds pivotal parliamentary elections, deciding between a pro-European course and Russian influence for the country’s future political direction.

India told the U.S. it could cut Russian oil imports only if allowed to buy crude from Iran and Venezuela, highlighting risks of global price hikes.

The EU plans to restrict oil imports via the “Druzhba” pipeline, affecting Hungary and Slovakia and potentially stopping Russian oil deliveries entirely.