Asian Stocks Tumble as Tech Selloff Deepens Ahead of Fed Decision, Big Tech Earnings 
Dollar Posts Worst Monthly Loss Since April as Fed Uncertainty and Yen Intervention Shake FX Markets 
Iran Warns of Retaliation as Trump Threatens New Strikes, Oil Risks Intensify 
Japan Yen Surges on Reported FX Intervention as Dollar Slides After Fed, BoE Holds Rates 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
US Stocks Slide as Fed Holds Rates, AI Chip Selloff Deepens and Oil Prices Surge 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
World game at war: why some European nations have threatened a World Cup boycott 
Colgate-Palmolive Reaffirms 2026 Sales Outlook Despite Weak North America Demand 
Oil Prices Jump as Trump Vows Response to Iran Attack, Supply Risks Return 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
China PMI Contracts in July as Weak Demand and Typhoons Weigh on Economy 
Sony Raises Full-Year Outlook After Q1 Profit Jumps 40% on Gaming and Chip Growth 
South Korea Exports Surge 62.8% in July on AI Chip Demand 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Asian Stocks Slip as Fed Holds Rates, Samsung Earnings Fail to Lift AI Sentiment 
Nestle is updating its health and nutrition strategy after it was reported that some of its food and beverages are unhealthy. This is sort of damage control after the Financial Times stated that an internal document showed more than half of Nestle’s products are not good for health.
As per Reuters, earlier this year, the said media outlet saw an internal presentation being circulated among top executives and the papers stated that more than 60% of Nestle's food and drinks portfolio may not be considered healthy based on the definition of “health.”
Nestle’s portfolio of alleged unhealthy products
It was clarified that Nestle’s medical nutrition, infant formula, coffee and food are not included in the analysis and only about half of the company’s overall portfolio is considered unhealthy based on the information written in the documents.
"Given the group’s confectionery, ice cream, and pizza businesses, the real figure for the group based on 2021 estimates would be 28%, which is hardly a surprise," Jon Cox, an analyst at Kepler Cheuvreux, said.
The analyst said that the report may push Nestle to revamp its product portfolio and possibly, it may even lead the company to withdraw from mainstream confectionery.
Adjustments being done by Nestle
Taking action to address the issue, Nestle acknowledged the report first and stated that it has taken steps to improve its products and is now taking steps to bolster nutrition. The company said in a statement it is working on a "company-wide project" to upgrade its nutrition and health blueprint. It added that it is checking its entire portfolio for Nestle to ensure that products will meet the nutritional needs of its customers.
For starters, Nestle shared that in the last seven years, it reduced sugars and sodium in its food and beverages by around 14 to 15% and it will continue to work on making its products healthier. Nestle said it will remain committed to making healthier products.
“In recent years, we have launched thousands of products for kids and families that meet external nutrition yardsticks,” The Irish Times quoted Nestle as saying. “We have also distributed billions of micronutrient doses via our affordable and nutritious products and we believe that a healthy diet means finding a balance between wellbeing and enjoyment.”
