President Donald Trump slapped steep tariffs on imported washing machines and solar panels, giving a boost to American manufacturers like Whirlpool, while dealing a setback to the renewable energy industry in the first of several potential trade restrictions.
Business & Financial News, U.S & International Breaking News
UK regulator says Fox buying Sky not in public interest, suggests remedies
Britain's competition regulator told Rupert Murdoch his $15 billion takeover of Sky was not in the public interest and would be blocked unless there was a way to prevent the tycoon from influencing the network's news output.
Tesla ties CEO Musk's compensation to company's performance
Tesla Inc said on Tuesday Chief Executive Elon Musk will receive no guaranteed compensation of any kind, and that he will be paid only if the company and all of its shareholders do extraordinarily well.
As Singapore ages, low tax model creaks
Beneath its modern and glitzy exterior, Singapore is aging. For the first time in its short history, the Southeast Asian nation is expected to have as many people aged 65 and older as under 15 this year, a demographic crux that challenges the low-tax economic model that helped transform Singapore from port town to financial hub in a matter of decades.
Bacardi to buy out Patron tequila in $5.1 billion deal
Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit.
Gas leak in central London closes train station, hotels evacuated
A major gas leak in central London forced the closure of Charing Cross train station and the evacuation of hundreds of people from nearby nightclubs and hotels on Tuesday.
Singer Neil Diamond diagnosed with Parkinson's disease, to retire from touring
U.S. singer-songwriter Neil Diamond, one of pop music's all-time best-selling artists, has been diagnosed with Parkinson's disease and plans to retire from touring, his official website said on Monday.
Exp: Jan 18
Exp: Jan 18
Exp: Feb 18
U.S. girls' accessories retailer Claire's Stores Inc has hired investment bank Lazard Ltd to advise it on ways to address its debt burden, it told Reuters on Monday, as several brick-and-mortar store operators suffer from a drop in mall traffic.