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Nestle shareholders wants chairman Paul Bulcke to step down

Mr Freixe’s removal came a year after predecessor Mark Schneider suddenly departed and 2½ months after Mr Bulcke said he would step down in 2026.

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PHOTO: AFP

Nestle investors have called for chairman Paul Bulcke to step down over the departure of a second chief executive in just over a year.

The Financial Times (FT) reported that shareholders are concerned about the manner the former chief executive Laurent Freixe and the way investigations into his conduct were handled exacerbated their concerns over governance at Nestle and led them to question Mr Bulcke’s decision-making.

“I don’t think Mr Bulcke will move on before April but he should have left when Mr Mark Schneider was forced out,” Mr Alexandre Stucki, founder of AS Investment Management, which represents founding family investors in Nestle,” said.

The Swiss food giant abruptly dismissed Mr Freixe at the beginning of September for failing to disclose a romantic relationship with a subordinate.

Mr Freixe’s removal came a year after predecessor Mark Schneider suddenly departed and 2½ months after Mr Bulcke said he would step down in 2026.

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International

Trump threatens Iran bridges, power plant in latest Hormuz attacks

Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.

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US President Donald Trump threatened on Wednesday to bomb Iranian bridge or power plant each time Theran attack ship in the Strait of Hormuz.

The latest round of escalation began on July 18.

Trump told reporters that he was “not finished” with a war that has already cost Washington $37.5 billion.

Fighting over the strait led to the collapse of a preliminary deal between the United States and Iran, and Tehran has reimposed its blockade on the strategic conduit for oil and gas shipments, firing on vessels that seek to transit.

The blockade has rattled markets and sent oil prices climbing, adding to the pressure on Trump to find an off-ramp to a conflict that has hit Americans’ pocketbooks heading into closely-fought midterm elections.

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Zelensky sacks Ukraine’s top army commander after days of protests

Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.

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•Zelensky

Ukrainian President Volodymyr Zelensky has dismissed the country’s army commander-in-chief, Oleksandr Syrskyi.

It comes just days after the removal of popular Defence Minister Mykhailo Fedorov – a move that triggered street protests across the country.Initial rumours that the end of Fedorov’s tenure was related to a conflict between him and Syrskyi were soon confirmed.

Fedorov, 35, has been widely praised for energising the ministry and transforming the armed forces, as well as leading a drive against corruption.

Syrskyi, 60, is seen by many in Ukraine as a Soviet-school commander reluctant to implement radical changes in the army.

Syrskyi defended his record in a farewell address, writing on Telegram: “An army that was fighting a difficult defensive campaign two years ago is now on the offensive.””I am handing over to my successor an army that is not only holding the line but is advancing… I sincerely hope this offensive will continue.”

Syrskyi was replaced by Mykhailo Drapatyi, 43, who is a popular, battle-hardened general.

” I will work responsibly, with full focus, and with respect for the people who are defending our country today,” Drapatyi said on Facebook

BBC

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Burnham becomes PM, vows 10-year plan to stabilise UK

The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.

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•Incoming Prime Minister Andy Burnham poses with Britain’s King Charles III on July 20, 2026 (Photo by Aaron Chown / POOL / AFP).

Andy Burnham became British prime minister Monday after meeting King Charles III at Buckingham Palace and was set to set out his vision for the country after taking over from Keir Starmer.

In his first speech, Burnham vowed to put forward a 10-year plan for Britain, saying the country needed to make politics work.

“Britain needs to show the world that we can regain our stability once again,” Burnham said just after being appointed by King Charles III to take over from Keir Starmer.

He pledged to “issue my first instruction to end rough sleeping in our country” once he starts work.

Starmer departed Downing Street on Monday morning, insisting in a farewell speech his two years in office had made Britain a better place.

The monarch met Starmer to accept his resignation and Burnham arrived next for the formal procedure in which the king asked him to form the next government and he accepted.

The 56-year-old is the sixth prime minister to enter Downing Street in the last 10 years.

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