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Day 55 of Iran War: Iran Refuses Strait Reopening; Peace Timeline Unclear
Iran’s parliament speaker said Tehran would not reopen the Strait of Hormuz while the US blockade remained in place, calling it a “blatant violation” of the ceasefire between the two sides.In Washington, the Senate voted 55–46 to reject a war powers resolution aimed at limiting US President Donald Trump’s authority to wage war on Iran, marking the fifth failed attempt to curb presidential war powers. The White House on Wednesday said Trump has not set a deadline by which Iran must submit a peace proposal...
Swiss Nestlé’s Sales Down by 1.8% on 1H25; Milk Products’ Growth up by 1.1%
Nestlé's sales fell by 1.8% to CHF 44.2 billion ($50.388 billion) over the first quarter of 2025, the company’s results presented on Thursday showed. Net profit was also down on the year to CHF 5.06 billion from CHF 5.64 billion in the first half of 2024. However, organic growth was up by 2.9%.
“Sales were negatively impacted by foreign exchange movements, especially in Q2, when the Swiss Franc strengthened by 10% against the dollar, and similar amounts against other currencies...
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