Bloomberg A recent fizzle in the hype surrounding plant protein consumption will give way to a more sustainable growth trajectory that could see the segment account for 30% or 40% of the global protein market, according to a top Nestle SA executive. Many investors piled into the faux meat market based on overly optimistic expectations of consumer uptake, Chief Technology ...

  Bloomberg Amazon.com Inc. plans to cut about 10,000 jobs, the largest ever headcount reduction at the e-commerce giant as it braces for slower growth and a possible recession. The layoffs, which could begin as soon as this week, will likely target Amazon’s devices group, responsible for the Echo smart speakers and Alexa digital assistant, as well as Amazon’s retail ...

Bloomberg A barrage of missile attacks targeted Kyiv and other locations across Ukraine, hitting civilians and critical infrastructure in what authorities called the broadest such assault since Russia invaded the country in February. At least one person was killed as residential buildings were struck in Kyiv, with strikes cutting the power supply to roughly half of the capital’s residents, Mayor ...

Bloomberg President Joe Biden had a brief, unannounced meeting Tuesday with Turkey’s president, Recep Tayyip Erdogan. The two men met on the sidelines of the Group of 20 summit in Bali, Indonesia. Turkish media posted pictures of them together on Twitter, but the White House didn’t announce the meeting in advance and US journalists accompanying Biden to the G-20 weren’t ...

Bloomberg Australian Prime Minister Anthony Albanese hailed a meeting with Chinese President Xi Jinping on Monday as a move toward normalizing ties that have spiraled in recent years. “This was another important step towards the stabilization of the Australia-China relationship,” Albanese said in a statement after meeting Xi in Bali on the sidelines of the Group of 20 summit for ...

Bloomberg Russia is expected to agree to extend a United Nations-brokered deal allowing exports of Ukrainian grain and other farm products from the Black Sea, ensuring a vital flow of foodstuffs to the world market. Russia is likely to allow the deal to renew after its Nov. 19 expiration, according to four people familiar with the situation, all of whom ...

  Bloomberg Chinese President Xi Jinping called for accelerating negotiations on a trade deal and boosting cooperation in high-tech manufacturing in a meeting with South Korean President Yoon Suk Yeol, the first summit between leaders of the two countries in about three years. Xi told Yoon that China and South Korea should work together to maintain the global free-trade system ...

  Bloomberg China sought to maintain ample cash levels in its financial system with liquidity tools of different maturities, helping halt the worst government bond selloff in six years. The liquidity infusion this month, which was done with a combination of short, medium and long-term tools, exceeded the 1 trillion yuan maturity, according to the People’s Bank of China (PBOC). ...

  Bloomberg Paytm, India’s leading digital payments brand, faces another reckoning, a year after it recorded the grisliest initial public offering in India’s history. This week, the lock-up period for the company’s stock will expire, freeing investors to sell shares that haven’t yet been allowed onto the market. The biggest shareholders in One97 Communications Ltd., Paytm’s parent company, are Alibaba ...

  Bloomberg Crypto assets need to be subject to global rules if they’re adopted by mainstream finance and expose banks and a wider swathe of investors to risk, Germany’s top regulator said. The recent crash in digital assets was well-timed given the ties between traditional finance and crypto are still limited, meaning it doesnt pose a risk to financial stability, ...