Business (UK Edition)

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Andrew Tyrie is leaving Parliament at the general election

The respected chair of the House of Commons Treasury Select Committee, Andrew Tyrie, will stand down from Parliament at the general election.<p>The …

World Politics

Volkswagen under fresh pressure to pay out in UK over 'dieselgate' scandal

Volkswagen is under renewed pressure to pay compensation to British motorists caught up in the "dieselgate" scandal, as well reveal the findings of the huge investigation into how the company deliberately cheated emissions controls.<p>The calls came from MPs on the Transport Select Committee (TSC) who …

Fuel Efficiency

Nestlé to axe 300 UK jobs and move Blue Riband production to Poland

Unions criticise Swiss confectioner’s plan to end 81 years of British production of the chocolate wafer bar<p>Nestlé is cutting up to 300 jobs in the UK and switching production of the Blue Riband chocolate bar to Poland, a move that has angered unions. The Swiss confectioner said most of the jobs …

Europe

How Google Is Using Machine Learning to Fight Malaria

Tuesday is World Malaria Day. The global health community and a coalition of public-private initiatives has successfully begun taming the scourge, …

Machine Learning

Waymo is hitting Uber where it hurts

First Waymo, the self-driving car unit spun off by Google parent Alphabet, filed a lawsuit to halt Uber’s work on autonomous vehicles. Now the company has launched its first public trial of self-driving cars in the Phoenix area of Arizona, which happens to be where a self-driving Uber flipped over …

Uber

Akzo Nobel mulling third takeover bid

Trump’s tax reform plan promised, but details could be elusive

Closing in on his 100th day in office, President Donald Trump has said he wants to unveil a tax reform plan perhaps as early as Wednesday.<p>That is much earlier than administration officials were planning and there has speculation that Trump will just announce tax cuts without detailing how the …

Taxes

The Latest: All proposed Wells Fargo board members elected

PONTE VEDRA BEACH, Fla. (AP) — The Latest on Wells Fargo's annual meeting after a scandal over the bank's sales practices (all times local):<p>12:50 p.m.<p>All proposed Wells Fargo directors have been elected, though one got barely 53 percent of shareholders votes, after a scandal over sales practices …

21st Century

McDonald's US sales climb, customer traffic still a focus

NEW YORK (AP) — McDonald's says new Big Mac sizes helped boost a key sales figure in the U.S., but that it is still working on trying to attract more customers to its stores.<p>The world's biggest burger chain said Tuesday that global sales rose 4 percent at established locations in the first three …

Fast Food

Spain's PM calls for EU-Mercosur trade deal this year

SAO PAULO (Reuters) - The European Union and South American trade bloc Mercosur should intensify talks to reach a trade agreement this year, Spanish Prime Minister Mariano Rajoy said on Tuesday, urging haste after 18 years of negotiations.<p>Rajoy's comments at a trade event in Sao Paulo reinforced a …

Brexit

A Pepsi Warehouse in Russia Just Collapsed and Flooded a Town

Not much happens in the town of Lebedyan (pop. 22,850), a couple of hundred miles southwest of Moscow. It has two main boasts – being home to …

Russia

At midday: TSX up with banks, energy stocks; lumber stocks rally

Canada’s main stock index touched a two-month high on Tuesday, led by gains for heavyweight financial and energy stocks, while shares of lumber companies rallied after new U.S. import duties on the product came out lower than some investors had expected.<p>The United States said it will impose …

Stocks

Vivendi looks to video games and advertising companies

French media giant Vivendi is reportedly to focus on buying video games and advertising companies this year.<p>The move is intended to address investor concerns about its strategy, mixed results and poor share performance.<p>Reuters quotes sources as saying it has advertising group Havas and video games …

Game Development

Outburst by angry Wells Fargo shareholder halts annual meeting

Wells Fargo's annual shareholder meeting was interrupted by an outburst from an angry investor who demanded answers from the embattled bank's board of directors.<p>"Tell us what you knew and when you knew it!" screamed Bruce Marks, CEO of Neighborhood Assistance Corporation of America, a nonprofit …

Wall Street

Eurozone deficit hits post-crisis low

Stricter budget constraints in many member countries have caused the eurozone's combined public deficit drop to levels last seen in 2008. The dip was caused mainly by decreasing government spending, Eurostat reported.<p>The level of government borrowing across the 19-member eurozone has fallen to the …

Greece

Virgin Money calms investor worries over credit card growth

Virgin Money has sought to assuage investor worries that it has pushed too aggressively into credit cards after regulators raised concerns about the recent rapid rise in unsecured consumer credit.<p>The challenger bank said that although its credit card balances had climbed by £200m to £2.65bn between …

Personal Finance

Alitalia goes bust: Italy's flagship airline triggers insolvency process as liquidation looms

Two-thirds of workers at Italy's flagship airline rejected turnaround plan involving salary cuts and redundancies.<p>Alitalia, Italy's flagship airline, …

Airlines

Startup founders who raised $15 million explain why they spent over a year turning down opportunities to make money

At 6 a.m. every morning, over 5 million people open their email to find a message from theSkimm, a subscription newsletter that picks and chooses the most important news stories of the day and presents them in casual, bite-sized points.<p>TheSkimm's founders, Carly Zakin and Danielle Weisberg, sat …

Venture Capital

Trading platform OpenDoor launches for hard-to-trade Treasuries

NEW YORK (Reuters) - Startup electronic fixed income trading platform OpenDoor Securities said it would hold its first auction on Tuesday, with the aim of improving liquidity in hard-to-trade areas of the $13.8 trillion U.S. Treasury securities market.<p>The platform will offer "all-to-all" trading …

Banking

Nasdaq Hits Record High of 6,000

Wall Street hit the ground running after Tuesday's opening bell, with the Dow Jones soaring 200 points and the Nasdaq topping 6,000 for the first time ever, after several companies reported strong earnings.<p>The Nasdaq tech index last sizzled in the dot-com heydays of the 1990s, but has not made any …

Wall Street

Yahoo's Marissa Mayer Set to Receive a $186 Million Paycheck

She will step down as CEO once the Verizon acquisition deal closes this June.<p>When Verizon's $4.48 billion acquisition of Yahoo closes this June, Marissa Mayer will be stepping down as CEO.<p>But don't worry too much about her -- Mayer has about $186 million worth of stock, stock options and restricted …

Marissa Mayer

At the open: TSX reaches 2-month high as financials, lumber shares gain

Canada’s main stock index rose to a two-month high, led by gains for the financial and energy groups, while some lumber stocks rallied after the U.S. set duties on the product that were lower than some market participants had expected.<p>The Toronto Stock Exchange’s S&P/TSX composite index was up …

Oil

Women20 Summit Berlin: True gender equality globally is still a long way off in 2017

For the next two days, in a quiet corner of Berlin, the W20 summit will be making some noise about the role of women in the world. However, the barriers to equal pay and gender equality remain prevalent.<p>The Women20 summit, which is in its third year and hosted annually by the country holding the …

Women's News

Alitalia expected to start bankruptcy procedures

ROME (AP) — Alitalia is expected to start bankruptcy procedures after employees rejected proposed salary cuts and layoffs cuts aimed at saving Italy's financially troubled flagship airline.<p>The company's board said Tuesday that "given the impossibility of recapitalization" it has decided to "begin …

Finance

Tyson Foods Agrees to Buy AdvancePierre for $3.2 Billion

Tyson Foods, the No. 1 U.S. meat processor, said on Tuesday it would buy packaged sandwich supplier AdvancePierre Foods Holdings for about $3.2 …

Markets

London Battersea Developer's Profit Forecast Falls as Costs Rise

The developer of London’s Battersea Power Station is on course to achieve less than half of its original return target as costs rise and wider …

Capital Markets

Caterpillar's profit trounces estimates; shares jump

Caterpillar Inc's (CAT.N) quarterly profit crushed estimates and the company raised its sales forecast, encouraged by an improvement in its end-markets, sending its shares to their highest in more than three years.<p>The strong outlook signaled a rebound in Caterpillar's business, which has been …

Caterpillars

Primark are set to release more Disney merch and it all looks magical

<b>Primark’s become pretty Disney-fied after the astonishing success of Beauty and the Beast’s Chip merchandise and The Aristocat’s Marie slippers.</b><p>This …

Walt Disney Company

McDonald's rallies after comparable sales shine

McDonald's (NYSE:MCD) reports global comparable-store sales increased 4.0% in Q4. Total revenue was down 4%, impacted negatively by five percentage …

Black Market

Costs cuts at Coca-Cola go deeper

ATLANTA (AP) — Coca-Cola's sales declined in the first quarter as it restructured its business, and the world's biggest beverage maker said it will cut 1,200 jobs starting later this year as it deepens its cost-cutting.<p>The maker of Fanta, Sprite and Smartwater said the job cuts will come from its …

Finance

Integration is the only way for European financial services to survive Brexit says top EU official

Closer integration is the only way for European financial markets to survive after Brexit, according to a top EU official.<p>Valdis Dombrovskis, the …

Euro

Athletics: Bekele was not wearing 'Breaking2 shoes', say Nike

LONDON (Reuters) - The running shoes that Kenenisa Bekele blamed for his struggles in Sunday's London Marathon were not the revolutionary new model designed for use in the Breaking2 attempt on a sub-two hour marathon, manufacturers Nike said on Tuesday.<p>Track superstar Bekele was on world record …

Marathons

Can You Innovate Your Way to Better Beef, Chicken, or Fish?

Americans love protein.Each year they eat an average of 210 pounds of meat per capita, more than double the global average. It’s a figure that many …

Agriculture