BUSINESS

The sudden drop in European shares on Monday following an erroneous trade in the Nordic markets is the latest example of a "flash crash" in which the price of an asset quickly drops before bouncing back.

Activists urge ad boycott if Musk turns Twitter toxic

Propaganda in Russia arguing for nuclear weapons use: Nobel laureate

Pfizer sees high demand for Covid-19 pill as profits jump

When Georgia matched its record low unemployment rate of 3.4% last October, officials in the southern U.S.

Canada's Nutrien, the world's largest fertilizer company, is weighing further increases to potash production as sanctions continue to limit shipments from Russia and Belarus, interim Chief Executive Ken Seitz said on Tuesday.

The Bank of Canada on Tuesday said if domestic demand was allowed to get too far ahead of supply, it could risk further boosting inflation, which is already at a 31-year high and more than three times the bank's target.

Home price growth in Canada is "unsustainably strong" and higher interest rates are needed to moderate demand, a senior Bank of Canada official said on Tuesday, while also noting the inflationary risks of the country's overheating economy.

The makers of brand-name products such as Tide detergent and Kraft Macaroni & Cheese are bolstering their defenses against store-brand rivals like Walmart Inc's Great Value products as shoppers' budgets start to show signs of strain due to persistent inflation.

The U.S. Securities Exchange Commission is investigating Didi Global Inc over its $4.4 billion initial public offering in the United States in June last year, the Chinese ride-hailing giant said.

Brazilian exports to the 22 countries in the League of Arab Nations rose in the first quarter amid a spike in agricultural commodities prices and a drive to stock up on food, according to a statement sent to Reuters on Tuesday.

Dairy Queen is looking to China and perhaps India to fuel growth, while counting on a revamped burger menu to bring in more American and Canadian customers.

Spanish government on defensive over spyware claims

Universal Music Group (UMG) reported better than expected first quarter sales on Tuesday, driven by 20% growth in subscription and streaming revenue.

Pressure on OPEC+ eases amid oil demand fears

Exceptional skill is the one thing that inflation cannot touch, Buffett says.

German software firm SAP is working with investment bank Moelis & Co to sell its corporate learning software business Litmos as it seeks to streamline its operations and focus on cloud-based revenue, three sources told Reuters.

"This was a mistake, does not reflect our values and we are taking steps to ensure it does not happen again," Ulta said in a statement.

Facebook-owner Meta Platforms Inc is opening up access to a large language model for artificial intelligence research, the social media company said on Tuesday.

Markets on edge as Fed prepares renewed salvo against inflation

A battery startup founded by a former Tesla engineer announced on Tuesday plans for U.S.-based mass production of next-generation materials aimed at cutting costs, boosting driving ranges and reducing the industry's reliance on China.

Samsung has signed a multi-year deal to sell equipment to Dish for its upcoming 5G network in the United States, one of the largest radio deals for the South Korean company since its major Verizon contract in 2020.

CNH Industrial beat first-quarter earnings expectations on Tuesday and the agricultural and construction machine maker's CEO said he was confident the company could successfully navigate ongoing global supply chain issues.

French left closes ranks to hobble Macron in parliamentary vote

Popeyes' new spicy Buffalo Ranch Chicken Sandwich is available at restaurants nationwide starting Tuesday.

Coca-Cola's estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday.

Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as the Ukraine war, before retreating later this year as interest rates rise, a Reuters poll showed on Tuesday.

Paramount Global said on Tuesday it added more than 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weaker TV advertising sales in a period without the Super Bowl broadcast.

Paramount Global reported forecast-missing quarterly revenue on Tuesday that sent its shares down 6%, but the media giant still added millions of streaming subscribers.