Business from Tuesday, September 2nd, 2025

Jaguar Land Rover's retail and production activities have been "severely disrupted" following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlled manner.

Nestle has fired its CEO Laurent Freixe after just one year in the job after an investigation into an undisclosed "romantic relationship", ousting its second CEO in a year and throwing the Swiss food giant into its deepest leadership chaos in decades.

Russia agreed to supply more natural gas to China and signed a memorandum on building the vast Power of Siberia 2 pipeline, but has yet to agree on pricing for one of the world's most expensive gas projects, Gazprom said on Tuesday.