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Ghana's Cocoa Management System (CMS) aims to enhance cocoa traceability and comply with EU deforestation regulations, having already registered 793,000 farmers and mapped 1.2 million hectares. A proposed one-year delay in the EU's deforestation regulation implementation could provide Ghana additional time to finalize the CMS and improve logistics. This extension is also crucial for Tanzania, where coffee farmer registration is just beginning.
Swiss equities declined mid-week, with the SMI dropping 1.1% to 11,968 points as profit-taking weighed on major stocks like UBS, which fell 4.5% despite strong quarterly results. Concerns over US labor market strength and upcoming elections contributed to investor caution, while Sandoz shares rose 3.7% following positive earnings. Weak demand from China impacted luxury goods stocks, with Richemont and Swatch down 1.4% and 3.4%, respectively.
The Swiss stock market remains in the red, with the SMI index dropping further below 12,100 points despite UBS's strong quarterly performance. A weaker-than-expected US JOLTS report raises concerns about the labor market and the Federal Reserve's next moves, while European GDP figures show modest growth in France and Germany. Among Swiss stocks, Sandoz leads gains, while Swatch Group and Straumann face significant losses amid negative analyst coverage.
The SMI continues to decline, with Nestlé shares nearing a six-year low and UBS also in the red. Straumann shares fell 2.6% for the second consecutive day due to disappointing sales figures, while Swatch experienced a 3.7% drop following negative analyst commentary. Richemont fared slightly better, down 1.6%.
Uncertainty in assessing adaptation measures and their funding risks deters private investment, despite a growing recognition of the private sector's role in climate resilience. Blended finance mechanisms, like those used by Kenya's Apollo Agriculture, show promise in mobilizing funds, while recent analyses suggest private adaptation investments may be significantly underestimated. Efforts to improve tracking and reporting could encourage more businesses to engage in adaptation initiatives, addressing the urgent need for climate resilience in developing countries.
The global pet healthcare market is projected to grow from $239.29 billion in 2023 to $255.96 billion in 2024, with a CAGR of 7.0%. Key drivers include an increasing pet population, advancements in veterinary care, and a focus on preventive health. By 2028, the market is expected to reach $353.66 billion, driven by trends such as pet humanization and economic prosperity.
The global fat substitutes market is projected to grow at approximately 6% from 2022 to 2028, driven by increasing health consciousness and a shift towards low-fat diets. The carbohydrate-based segment leads the market, with plant sources dominating due to rising demand for plant-based foods. Europe is expected to hold a significant market share, fueled by consumer awareness of health issues and a preference for low-calorie options.
In 2023, CEO salaries in Switzerland rose by an average of 5%, with UBS CEO Sergio Ermotti leading at CHF 14.5 million for just nine months in office. Following him were Novartis CEO Vas Narasimhan at CHF 13.3 million and former Nestlé CEO Mark Schneider at CHF 11.2 million. Despite public discontent over high executive pay, total remuneration for SMI CEOs has increased by a quarter over the past three years.
In 2023, CEO salaries in Switzerland increased by an average of 5%, reaching CHF 8 million ($9.2 million), according to a study by the Ethos Foundation. UBS CEO Sergio Ermotti topped the list with CHF 14.5 million, followed by Novartis and Nestlé executives. Despite rising remuneration, shareholder opposition to such increases is growing, with 17.7% rejecting top managers' pay demands in 2024.
CEO pay among the largest listed Swiss companies increased by an average of 5% last year, reaching CHF 8 million. This rise was largely driven by UBS CEO Sergio Ermotti, who earned CHF 14.5 million during his nine-month tenure, making him the highest-paid CEO in the Swiss Market Index. Notably, the total remuneration for SMI CEOs has surged by approximately 25% over the past three years.
Nestlé S.A.
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ghana gains extension to enhance cocoa management system for EU compliance
United States Dollar
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Swiss Franc
Euro
European Cocoa Association
UBS AG
Credit Suisse Anlagestiftung
European Commission Legal Entity of Public Law
ODI
International Cocoa Organization
Barry Callebaut AG
African Development Bank
Rabobank
Lindt & Sprüngli (China) Ltd.
United Nations Development Programme DEVELOPMENT PROGRAMME
Nestlé S.A.
CIV
GHA
Virginie Mangin
Christian Robin
Kissenge
Michael Ekow Amoah
Ursula von der Leyen
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09:00 31.10.2024
swiss stock market declines as profit-taking hits major companies
United States Dollar
Novartis AG
UBS AG
Hoffmann-La Roche AG
Richemont DNS Inc.
Sandoz Group AG
Advanced Micro Devices, Inc.
Nestlé S.A.
Swatch AG
Ams-Osram
CHE
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17:40 30.10.2024
swiss stock market declines as investors react to mixed economic signals
Swiss Franc
Euro
United States Dollar
Novartis AG
UBS AG
Hoffmann-La Roche AG
Nestlé S.A.
Sandoz Group AG
DEU
CHE
FRA
USA
John Plassard
Georg Fischer
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11:53 30.10.2024
Swiss stock market declines as Nestlé and Swatch shares struggle
11:45 30.10.2024
private sector adaptation funding grows but faces significant challenges
United States Dollar
Unilever PLC
Nestlé S.A.
Danone S.A.
KEN
Benjamin Njenga
Megan Rowling
Matteo Civillini
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16:14 29.10.2024
global pet healthcare market projected to reach 353 billion by 2028
Elanco Animal Health Incorporated
Norbrook Laboratories Ltd.
PETCO Animal Supplies Inc.
Phibro Animal Health Corporation
Royal Canin
Merck & Co., Inc.
VCA Animal Hospitals Inc.
IDEXX Laboratories, Inc.
Perrigo Company plc
Chewy, Inc.
Colgate-Palmolive Company
Mars Inc.
Trupanion, Inc.
Nestlé S.A.
Zoetis Inc.
Sanofi
Boehringer Ingelheim International GmbH
Vetoquinol S.A.
Ceva Sante Animale SA
General Mills, Inc.
USA
IND
AUS
FRA
DEU
BRA
IDN
JPN
RUS
GBR
KOR
CHN
Sanofi SA
Mars Inc.
General Mills Inc.
Nestle SA
Merck & Co Inc.
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03:01 29.10.2024
growth prospects of fat substitutes in the european market through 2028
Euro
United States Dollar
Corbion N.V.
Archer-Daniels-Midland Company
Tate & Lyle plc
Ashland Global Holdings Inc.
Nestlé S.A.
Kerry Group plc
Associated British Foods plc
Ingredion Incorporated
Associated British Foods
Kerry Group PLC
Ingredion Incorporated
Koninklijke DSM
Archer Daniels Midland
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07:01 27.10.2024
Swiss CEO salaries rise with Ermotti leading at 14.5 million francs
Swiss Franc
UBS AG
Nestlé S.A.
Novartis AG
CHE
Mark Schneider
Daniel Vasella
Sergio Ermotti
Vas Narasimhan
Thomas Minder
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17:46 26.10.2024
Swiss CEO salaries rise by 5 percent amid growing shareholder opposition
10:48 26.10.2024
ceo salaries in switzerland rise five percent driven by top earners
08:55 26.10.2024
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