BUSINESS

Google faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant overcharged 19.5 million customers for app store purchases.

Hyundai Motor Co and a union representing its South Korea workforce have sealed a wage deal that will boost annual pay by about 9% just days after the automaker committed to building its first new Korean car plant in nearly 30 years.

Hyundai Motor Co's unionised workers in South Korea voted in favour of a wage deal with the automaker, a Hyundai Motors union official said on Tuesday.

Apple Inc agreed to pay $50 million to settle a class-action lawsuit by customers who claimed it knew and concealed that the "butterfly" keyboards on its MacBook laptop computers were prone to failure.

Brazilian planemaker Embraer SA on Tuesday announced new aircraft orders from Porter Airlines and Alaska Air Group Inc, sending its shares higher, as it reaped an upsurge linked to the Farnborough Airshow in Britain.

Brazilian planemaker Embraer SA on Tuesday announced new aircraft orders from Porter Airlines and Alaska Air Group Inc as it participates in the Farnborough Airshow in the UK.

Alphabet unit Google said it will from Tuesday cut fees to 12%, from 15%, for non-gaming app developers on its Google Play App Store which switch to rival payment systems, as it moves to comply with new EU tech rules.

Eni, Total, Occidental sign $4 bn Algeria oil contract

Thousands of Sudan's Hausa protest after deadly clashes over land

Boeing unveiled orders for dozens of 737 MAX jets on Tuesday as Britain's Farnborough Airshow, back after a four-year pandemic-induced hiatus, braved the hottest day on UK record.

Russian fire pounds Ukraine, as Putin announces 'progress' on grain exports

A founding member of Elon Musk's Neuralink left the company in recent weeks, according to two people familiar with the matter, the latest in a string of departures at the brain implant startup.

Outsider seeks to break dynastic hold on Sri Lankan politics

U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and as losses at its venture arm and other one-time charges piled up.

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday.

Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday.

Ben Affleck has a net worth of $150 million to date.

The EU is set to add Russia's top lender Sberbank and the head of giant zinc and copper firm UMMC to its list of individuals and companies banned for supporting Moscow's invasion of Ukraine, according to draft documents seen by Reuters.

Wall Street's main indexes rose on Tuesday as earnings season moves beyond big banks, with investors keeping a close watch on the impact of higher inflation on demand even as stronger dollar dents profit.

Boeing wins $8bn order in latest boost for MAX jets

Stocks advance, euro rallies ahead of ECB meeting

The Vatican on Tuesday issued an overarching investments policy to ensure they are ethical, green, low-risk, and avoid weapons industries or health sectors involved in abortion, contraception or embryonic stem cells.

Expectations of global growth and corporate profits have plunged to a record low, according to a monthly BofA fund manager survey with cash levels rising to their highest in more than two decades as investors cut their exposure to risky assets.

Hasbro Inc's higher-priced toys powered its quarterly profit jump, defying an inflation-driven demand slump gripping American retail and sending its shares 2% higher on Tuesday.

Johnson & Johnson on Tuesday reported quarterly results that beat analysts' estimates on strong demand for cancer drug Darzalex and its COVID-19 vaccine, even as the company cut its full-year adjusted profit forecast due to a stronger dollar.

Investors resumed deposits into U.S. sustainable funds last month, marking a return to the norm after net withdrawals in May broke a three-year streak of monthly inflows, researcher Morningstar said on Monday.

France to launch buy-out of power giant EDF

A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the financial market downturn, fund managers and investors said.

The "S" in environmental, social and governance (ESG) investing moved into the spotlight during the COVID-19 pandemic as companies faced concerns about employee wellbeing and bold calls for action on social inequality.