UBS misses targets, dials back ambitions

UBS misses targets, dials back ambitions

UBS Group saw its shares tumble over 5% after revealing it missed profit and cost targets for 2019, as wealthy clients pulled money in the fourth quarter.
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Boeing finds debris inside MAX fuel tanks

Boeing finds debris inside MAX fuel tanks

Boeing has confirmed it found debris that could pose potential safety risks in the fuel tanks of several 737 MAX aircraft that are in storage and waiting to be delivered to airlines.
Post-Brexit UK plans to end 'cheap labour from Europe'

Post-Brexit UK plans to end 'cheap labour from Europe'

The UK has set out plans to prioritize access for high-skilled workers from around the world in its post-Brexit points-based immigration system, while putting an end to a reliance on "cheap labour from Europe".
European shares rise after dip in new virus cases

European shares rise after dip in new virus cases

European shares rose Wednesday morning, helped by a dip in the number of new virus cases in China and a weaker euro.
Billionaire Bloomberg says he'll sell if he wins election

Billionaire Bloomberg says he'll sell if he wins election

Michael Bloomberg announced he would sell his company Bloomberg LP, the financial information company that made him a billionaire, if he is elected to the White House in November.
Dow, S&P 500 hurt by Apple warning

Dow, S&P 500 hurt by Apple warning

Investors pushed the Dow and S&P 500 lower after Apple warned sales will underwhelm due to the impact of the coronavirus outbreak on store traffic and production in China. Conway G. Gittens has the daily market round-up.
Don't buy Apple on this dip: trader

Don't buy Apple on this dip: trader

Apple is overvalued, says Tactical Income’s Jeff Tomasulo. He says wait for a correction before buying the shares.
Dr. Fauci calls Diamond Princess infection 'incubator'

Dr. Fauci calls Diamond Princess infection 'incubator'

Dr. Anthony Fauci, director of the U.S. National Institutes of Allergy and Infectious Diseases, said at the Council on Foreign Relations on Tuesday that the Diamond Princess cruise ship in Japan could reveal potential "modalities of transmission." Gavino Garay reports.
Apple, iPhone suppliers tumble on coronavirus warning

Apple, iPhone suppliers tumble on coronavirus warning

Shares of Apple and members of the iPhone supply chain fell on Tuesday after the technology giant issued the loudest warning yet on the financial fallout from the coronavirus. Conway G. Gittens has the details.
Boy Scouts files for bankruptcy after abuse allegations

Boy Scouts files for bankruptcy after abuse allegations

The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades. Gavino Garay has more.
French farmers fret over subsidies in post-Brexit EU budget talks

French farmers fret over subsidies in post-Brexit EU budget talks

French dairy and crop farmer Jean-Claude Pette relies on European Union subsidies to keep his 200 hectare farm afloat. But he worries support could be cut as governments seek ways to plug a budget hold left by Britain's departure from the bloc.
Walmart sees online sales growth slowing

Walmart sees online sales growth slowing

Walmart forecast slowing online growth for the year Tuesday after reporting weak results for the holiday quarter.
Germany's auto heartlands in peril as 'golden age' fades

Germany's auto heartlands in peril as 'golden age' fades

The German auto sector is expected to cut nearly a tenth of its 830,000 jobs in the next decade. With pockets of rising joblessness in the affluent, auto-producing areas of Bavaria and Baden-Wuerttemberg, Ciara Lee reports on the potential impact on the German economy.
Glencore sees first loss in four years

Glencore sees first loss in four years

Glencore has reported its first annual loss in four years as hefty charges took a toll. Now questions are being asked about when CEO Ivan Glasenberg will go.
Virus 'knockout blow' to HK economy: analyst

Virus 'knockout blow' to HK economy: analyst

Hong Kong has suffered a triple blow amid trade war, social unrest and the virus outbreaks impact, an economist said on Tuesday, which could be the beginning of the end of its position as international financial center.
HSBC to slash 35,000 jobs after profits fall

HSBC to slash 35,000 jobs after profits fall

HSBC said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses - in a drastic overhaul that will mean 35,000 jobs cut over three years.
Stocks under pressure as Apple sounds warning on coronavirus

Stocks under pressure as Apple sounds warning on coronavirus

Global shares fell on Tuesday after Apple said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. Ciara Lee reports
Nissan CEO: Fire me if there's no turnaround

Nissan CEO: Fire me if there's no turnaround

Nissan CEO Makoto Uchida says he's happy to be fired by shareholders if there's no sign of a turnaround at the Japanese automaker. Julian Satterthwaite reports
Apple takes hit from coronavirus

Apple takes hit from coronavirus

The coronavirus has affected both sales and production for Apple, with the company signaling it will not meet revenue guidance for March.
Amazon's Bezos announces new climate fund

Amazon's Bezos announces new climate fund

Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he announced on Monday.
Facebook sees risks to innovation, freedom of expression ahead of EU rules

Facebook sees risks to innovation, freedom of expression ahead of EU rules

Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies.
#LagosIsWalking: a city bristles under bike ban

#LagosIsWalking: a city bristles under bike ban

Commuters in Lagos, such as lawyer Abisoye Adeniyi, are finding their journeys to work even more torturous in Nigeria's notoriously gridlocked commercial capital after a ban on commercial motorbikes and rickshaws.
New York drops fight against T-Mobile-Sprint merger

New York drops fight against T-Mobile-Sprint merger

New York has dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc and Sprint Corp, saying the state would not appeal a judge's approval of the deal. Ciara Lee reports
GM to retire iconic Australian Holden brand

GM to retire iconic Australian Holden brand

As General Motors restructures its global business, the Australian iconic Holden brand is to be retired by 2021.
Alstom confirms talks on potential $7 billion Bombardier deal

Alstom confirms talks on potential $7 billion Bombardier deal

French train maker Alstom has confirmed it is in talks on the possible acquisition of the train business of Canada's Bombardier, with a potential $7 billion deal. Ciara Lee reports