Business (UK Edition)

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Britain to ban sale of all diesel and petrol cars and vans from 2040

Plans follow French commitment to take polluting vehicles off the road owing to effect of poor air quality on people’s health<p>As part of a government strategy to improve air quality, Britain is to ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide …

Pollution

BMW halts project talks after Daimler blew whistle - Sueddeutsche

BERLIN (Reuters) - BMW (BMWG.DE) has suspended talks with Daimler (DAIGn.DE) on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.<p>BMW's top management plans to …

Sterling to stay low for forseeable future, say long-term forecasters

Sterling is set to stay low for the long-term, as major investment managers see no reason for the currency to recover in the years to come.<p>A weak pound should be good for exports – though the impact is coming through only slowly – but means the recent surge in inflation as imported goods become …

US Steel reports 2Q profit, offers optimistic outlook

PITTSBURGH (AP) — United States Steel Corp. shares jumped more than 9 percent after the steel maker said its second-quarter earnings rebounded from a loss and improved more than $300 million.<p>The Pittsburgh-based company said it earned $261 million, or $1.48 per share. That compares with a loss of …

This Japanese Entrepreneur Is Building The Satellite Infrastructure Of The Future

<b>This article is part of a profile series where I speak with space entrepreneurs and others connected to</b> <b>Asia to find out more about their businesses, and Asia’s role in the space technology sector. To read more, click here.</b><p><i>This profile features Yuya Nakamura, Founder and CEO of Axelspace . His</i> …

Radical Reforms May Risk South Korea's Economic Rebound

South Korea’s new President, Moon Jae-in is in for a handful. As the corruption scandal in Korea came to its resolution, ending with President Park Geun-Hye paraded in handcuffs, North Korea launched a series of tests of its new medium-range missiles, bringing the peninsula the closest it has been …

Trump: 'Time Will Tell' If Sessions Remains Attorney General

President Trump is keeping up relentless pressure on his attorney general, telling reporters "time will tell" whether Jeff Sessions stays or goes.<p>The latest comments, during a joint news conference with Lebanese Prime Minister Saad Hariri, came days after a <i>New York Times</i> interview in which the …

U.S. Attorney General

Growth of French wind power capacity slows in first half of 2017: wind lobby

PARIS (Reuters) - New onshore wind capacity dipped in France in the first six months of 2017 compared with the same period a year ago as operators slowed the development of projects because of policy and economic uncertainties, an industry lobby said on Tuesday.<p>New onshore wind capacity connected …

Wind Power

Chipotle CEO: We Are 'Disappointed' We Failed To Prevent Norovirus In Virginia Restaurant

Chipotle has a secured a reprieve from investors’ wrath — for now, at least.<p>One week after getting hit with reports about 13 sick customers in Virginia and rats falling from the ceiling of a Dallas store, Chipotle Mexican Grill has posted second quarter earnings results that were, on the bottom …

Amazon announces major London expansion and ramps up video streaming efforts

Amazon plans to massively expand the number of people it employs in research and development across London – a powerful endorsement of the capital’s …

Not spreading themselves too thin: Private equity heavyweights team up for Unilever's spreads division

Unilever's spreads division looks set to be snapped up, as heavyweight buyout houses begin to solidify their interest in the divested group of brands.<p>…

Michael O'Leary confirms interest in Alitalia as Ryanair bids to dominate in Italy

Ryanair among 10 companies to lodge a non-binding offer for Italy's flagship airline.<p>Ryanair has launched a bid for stricken rival Alitalia, as the …

Sage Group buys Intacct accounting software for $850m

British enterprise software company Sage Group has agreed to purchase Intacct, a 19-year-old accounting software company, for $850 million, the companies announced today.<p>A cash and stock transaction, the deal aims to help build out Sage’s cloud financial management offerings.<p>Intacct, which competes …

To Keep Drivers From Leaving, Uber Tries To Treat Them Better

<b>Updated at 3:26 p.m. ET</b><p>Uber's leadership already has a lot on its plate, starting with finding a new CEO after former chief Travis Kalanick resigned abruptly last month. But that's not all the tech giant has to do. For the business to survive, Uber also has to repair its relationship with drivers, …

Warren Buffett’s Advice to Tim Sloan on Wells Fargo’s Future

Ever since he was called on to be CEO of Wells Fargo, Tim Sloan says he’s been doing a lot of listening. He was thrust into the job in October of …

Warren Buffett

This Chinese Company Is Trying To Build The World's Leading Blockchain Platform

China is increasingly becoming a fintech Blockchain innovator, competing with other Blockchain platforms the world over for better security and easier usability. Originally developed for using Bitcoin, Blockchains now go beyond digital currencies, providing a decentralized digital ledger which can …

Nvidia: Earnings Prediction

Nvidia will likely crush EPS estimate, but report a slight beat or inline result on revenue.<p>Analysts have assigned a multiple expansion, but …

Stocks

Amazon Meets With Ranchers to Expand Organic Meat Distribution

Amazon (amzn) plans to meet on Wednesday with a dozen U.S. ranchers, seeking to expand distribution of organic and grass-fed meats as it takes over …

'You feel ripped off': homeowners' frustration over ground rent trap

People on Bolton estate say they were not told ground rent would double every 10 years, and they cannot sell their homes<p>Taking the weight off her feet for the first time in hours, Clair Scott falls back into a neighbour’s sofa and lets out a deep sigh. “It’s by far the worst year of my life, by a …

Alphabet Falls After Earnings: Buying Opportunity

Alphabet stock was falling 3% after earnings.<p>Variables such as cost-per-click are moving in the wrong direction.<p>But the company is more than …

Stocks

BMW Will Make the Electric Mini in the U.K. Despite Brexit Risk

German carmaker BMW Group said Tuesday it has decided to make the first all-electric version of the Mini at its home in Oxford after all.<p>The decision …

Brexit

Brazilian judge suspends fuel tax hike, government can appeal

BRASILIA (Reuters) - A Brazilian federal judge on Tuesday suspended a large fuel tax increase announced by the government last week to reduce a budget deficit, according to a court ruling seen by Reuters.<p>The government can appeal the judge's decision. The increase in the federal PIS/Cofins social …

Brazil

Adobe to retire Flash technology by 2020

Adobe Systems Inc’s Flash, a once-ubiquitous technology used to power most of the media content found online, will be retired at the end of 2020, the software company announced Tuesday.<p>Adobe, along with partners Apple Inc, Microsoft Corp, Alphabet Inc’s Google, Facebook Inc and Mozilla Corp, said …

Software

Victims of ground rent scandal demand action on existing abuses

As government plans to ban leaseholds on new-build houses, there are claims up to 100,000 people own ‘unsellable’ properties<p>Victims of the ground rents scandal are demanding ministers go further in tackling unfair abuses of the leasehold system, amid claims that as many as 100,000 existing …

Housing

Domino's Pizza profit rises, but sees overseas slowdown

ANN ARBOR, Mich. (AP) — Domino's Pizza reported Tuesday that its profit jumped 33 percent in its second quarter as more people ordered its pies, but the pizza chain was hit by a slowdown in sales overseas.<p>Shares of Domino's Pizza Inc. tumbled more than 8 percent Tuesday.<p>Domino's international sales …

Markets

German row puts Turkish clothing export target in jeopardy

ISTANBUL (Reuters) - Turkey's clothing sector, a main driver of its foreign sales, may miss this year's export target if a row with Germany is not resolved, a leading manufacturer said on Tuesday.<p>Despite signs of a sales turnaround to other countries, some German buyers have canceled trips to …

Turkey

In Bid To Keep Drivers From Leaving, Uber Tries To Treat Them More Kindly

Uber's leadership already has a lot on its plate, starting with finding a new CEO after former chief Travis Kalanick resigned abruptly last month. But that's not all the tech giant has to do. For the business to survive, Uber also has to repair its relationship with drivers — which leaders at the …

Uber

AMD is slipping ahead of earnings (AMD)

AP Photo / Paul Sakuma<p>Wall Street is generally bullish ahead of AMD's second-quarter earnings report on Tuesday, with most analysts rating the stock a neutral or buy, according to Bloomberg. However, shares are trading down about 0.5% at $14.12 a piece.<p>Analysts are expecting earnings of $0.001 per …

Markets

Jailed Volkswagen exec to plead guilty in US diesel scandal

DETROIT (AP) — A court spokesman in Detroit says a German Volkswagen executive plans to plead guilty in the company's U.S. emissions scandal.<p>Spokesman David Ashenfelter says lawyers informed a judge on Tuesday. Oliver Schmidt will appear in federal court on Aug. 4.<p>Schmidt is one of many VW …

United States

The Startup That Bill Gates and Jeff Bezos Are Both Invested In

In addition to being two of the world's richest people, billionaire business leaders, and Seattle residents, Bill Gates and Jeff Bezos are now also …

Jeff Bezos

China's crude oil imports to top 400M tons this year, Sinopec exec says

China's crude oil imports will exceed 400M metric tons this year, according to a Sinopec (SNP -0.6%) VP, which likely would make China the world's …

Oil

Italy Looms On The Eurozone's Horizon

<i>This article was originally published at Stratfor.com.</i><p><b>By Adriano Bosoni</b><p>The skies may not be clear, but these days Europe’s leaders are more relaxed than they were when the year began under foreboding clouds. Economic growth is gaining momentum and unemployment is slowly going down. More important, …

Investor urges Barnes & Noble to seek a sale, shares jump

NEW YORK (AP) — An activist investor has bought a "meaningful" stake in Barnes & Noble Inc. and is urging the bookseller to sell itself.<p>Sandell Asset Management Corp. CEO Thomas E. Sandell, in a letter to Barnes & Noble's board, said "the public market for retail stocks is contributing to a risky …

Barnes & Noble