Mars aims to tackle 'broken' cocoa model with new sustainability scheme

Mars Wrigley Confectionery launched a new sustainability strategy on Wednesday with the aim of combating deforestation, child labor and poverty in what it called the "broken" cocoa supply chain. ...

Renault-Nissan adopts Android in coup for Google

The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet's Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share o...

Toshiba Memory chief shrugs off price concerns, sticks with IPO plans

The chief executive of Toshiba Memory Corp, the world's No. 2 producer of NAND flash memory chips, on Wednesday brushed aside concerns about falling memory chip prices and reaffirmed the company's ...

China says won't weaken currency to boost exports, as U.S. tariffs mount

China will not stoop to competitive devaluation of its currency, Premier Li Keqiang stressed, hours after China hit back, with a softer punch than the one landed by the United States, in an escalat...

EU says McDonald's, Luxembourg tax deal not illegal

McDonald's tax deal with Luxembourg did not breach EU state aid rules, EU antitrust regulators ruled on Wednesday, saying the reason the U.S. fast food chain did not pay some taxes was due to the ...

Luxembourg welcomes EU ruling on Mcdonald's taxes

Luxembourg welcomed on Wednesday the European Commission's ruling that its tax deal with McDonald's was not illegal after a three-year long investigation. ...

China to penalize $60 billion of U.S. imports in tit-for-tat move

China and the United States plunged deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for President Donald Trump's planned...

KPMG admits misconduct on BNY Mellon reports, says watchdog

KPMG and one of its partners have admitted to serious failings in compliance reports for Bank of New York Mellon , Britain's accountancy watchdog said, potentially leading to heavy fines as the aud...

World stocks bat aside trade war fears, rally for second day

Global equities rallied for a second straight day on Wednesday while safe-haven assets such as U.S. bonds and the Japanese yen slipped to multi-week lows as investors bet the escalating U.S.-China ...

China's Alibaba doubles down on chips amid cloud computing push

Alibaba Group Holding Ltd will set up a dedicated chip subsidiary and aims to launch its first self-developed AI inference chip in the second half of 2019 that could be used for autonomous driving...