Winter Storm Triggers Widespread Flight Cancellations Across U.S. as Airlines Urge Travelers to Rebook 
Asian Markets End Year on AI Optimism as Precious Metals and Currencies Shine 
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns 
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
Wall Street Ends Mixed as Tech and Financial Stocks Weigh on Markets Amid Thin Holiday Trading 
Microsoft Restores Microsoft 365 Services After Widespread Outage 
SoftBank Shares Surge as AI Optimism Lifts Asian Tech Stocks 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
Sanofi Reports Positive Late-Stage Results for Amlitelimab in Eczema Treatment 
China Manufacturing PMI Rebounds in December, Offering Boost to Economic Growth Outlook 
Forex Markets Hold Steady as Traders Await Fed Minutes Amid Thin Year-End Volumes 
Toyota Recalls 162,000 Tundra Vehicles in U.S. Over Multimedia Display Issue 
U.S. Stock Futures Slip as Year-End Trading Turns Cautious 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
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.”
