UK consumer confidence surges to pre-Brexit levels - survey
British consumer morale rocketed back to pre-Brexit levels in September, a survey found, confounding expectations that the vote to leave the EU would wreak more lasting damage on Briton's willingness to spend. Market research firm GfK's gauge of consumer confidence suffered its sharpest drop in over 26 years in July as economists said Brexit would pitch the economy into recession, but data suggests Britain has avoided a rapid slump. The GfK index, based on an online poll of 2,000 people, rose to -1 in September from -7 in August - the biggest increase since June last year and restoring levels seen in the months before the June 23 referendum.
Asia stocks slide as Deutsche sours mood, oil pulls back
Asian stocks extended losses on Friday as worries about the health of Deutsche Bank weighed on financial shares and as oil prices inched back from near-one month highs on scepticism over OPEC's new plan to curb output. MSCI's broadest index of Asia-Pacific shares outside Japan lost 1 percent and was on track for a 0.9 percent drop for the week. On Thursday, Wall Street lost about 1 percent as Deutsche Bank shares slumped to a record low after a report that trading clients had withdrawn excess cash and positions held in the largest German lender.
Duterte 'happy to slaughter' drug suspects; mentions Hitler
Gut feeling: new CEO to steer Nestle down uncharted health path
Using them to cure disease and boost wellness is one of several bets KitKat maker Nestle is making in the field of health and nutritional science, as it seeks to offset slowing sales of traditional processed foods. Ulf Mark Schneider, a German medical industry veteran, is expected to speed the drive into health-oriented products when he becomes the first Nestle outsider chief executive in nearly a century in January. Schneider's hiring from healthcare firm Fresenius signals Nestle's commitment to pioneering the interface of food and medicine, in part by focusing on nascent areas like microbiome therapy, which has potential to boost human health and Nestle's margins.
Factbox: Nestle Health Science key investments(Reuters) - Nestle believes its Health Science unit will eventually generate annual sales of 10 billion Swiss francs ($10.3 billion). It already has sales of more than 2 billion francs.
Israelis, world leaders gather for Peres funeral
Obama arrives in Israel for Shimon Peres memorial service
TEL AVIV, Israel (AP) ? President Barack Obama flew to Israel Friday to pay his respects to Shimon Peres, the former leader whose six decades of work shaping this tiny nation into a powerful and industrious force generated tremendous respect from Obama.
The latest: Some violence, vandalism in police protests
Rosetta spacecraft set for comet crash
Europe's pioneering spacecraft Rosetta headed for a crash landing Friday on the comet it has stalked for two years, a dramatic end to a 12-year odyssey to demystify our Solar System's origins. Sent by ground controllers on a leisurely, 14-hour freefall, Rosetta was engaged in a last-gasp spurt of science-gathering on the 19-kilometre (12-mile) journey to its icy comet tomb. "Next stop #67P!" the European Space Agency (ESA) tweeted late Thursday, using a shortened version of Comet 67P/Churyumov-Gerasimenko's full name.
Survey: Chinese factories eke out expansion in SeptemberChinese factories have reported a slight expansion in activity for September as new orders picked up marginally, according to a private survey. The Caixin monthly purchasing managers' index released Friday ...