Donald Trump has cast further doubt on prospects for the summit he has agreed to hold with North Korea’s Kim Jong Un next month, despite an attempt by Seoul to salvage the potentially historic meeting.
US lawmakers have voted for the biggest changes to financial regulation in eight years, approving a bill that gives banks outside Wall Street’s top tier respite from rules designed to prevent a repeat of the last crisis.
Intuit continued to cash in on the rise of the “gig economy”, with demand from freelancers and small-business owners for its tax and accounting software programmes helping the company deliver fiscal third-quarter results that trounced expectations.
Tesla has hired a software engineer from disappearing message company Snap to take a key role that includes working on its autopilot programme, at a time when two fatal crashes have brought close attention to the early-stage self-driving car technology.
Altria is hoping to light a fire under its efforts to diversify away from traditional tobacco products, announcing on Tuesday that it was creating two new divisions — one for “core” tobacco like cigarettes, and a separate unit for “innovative” products like vaping devices, as smokers increasingly seek out less harmful options.
The FTSE 100 edged to another record high thanks to a weaker pound and stronger commodity prices. But Inmarsat underperformed after the satellite operator lost its decades-old monopoly to provide distress signals for ships.
UK high street stalwart Marks and Spencer plans to step up its store closure programme after finding that a high proportion of customers tend to shop at alternative branches rather than abandoning the brand altogether when their local store shuts. It now says that “over 100” stores will close by 2022, from an earlier target of 60.
The dose of optimism on US-China trade relations that boosted US stocks higher on Monday was fading on Tuesday morning, with the Dow Jones Industrial Average dipping into the red while investors mull the latest developments from the two countries’ talks.
Save the Children’s former chairman has revealed the charity failed to inform Unicef its former chief executive had been investigated over alleged sexual misconduct because it had not been a “formal disciplinary process”.
Some of Germany’s most prominent economists have joined forces to attack French president Emmanuel Macron’s proposals for deeper eurozone integration and have called on European leaders to set up a framework to allow countries to quit the single currency.
The Serious Fraud Office’s sprawling investigation into Unaoil, the Monaco-based oil consultancy, has resulted in a pair of existing defendants facing extra charges over allegedly making corrupt payments to secure a $733m Iraqi contract.