Money

Sugar tax comes into effect in the UK

The tax is estimated to raise around £520million which will go to the Department for Education to fund sports in primary schools. The government's move is created to reduce rates of obesity and type 2 diabetes , with childhood obesity levels continuing to rise in the UK.

Dow dives as much as 750

It's too soon to call it the beginning of a trade war, but for now, investors aren't sticking around to find out. The Dow was down 610 points, or 2.5 percent, to 23,492 as of 1:42 p.m. Snap fell 8 percent over planned layoffs . Trading volumes were light, with some global markets still closed. That tweet was enough to send Amazon shares down 7 percent, or $50 billion, in early morning trading last week.

CMA publishes latest Fox remedies for Sky bid

Fox is in the process of selling the bulk of its assets to Disney, including its Sky stake, but said the sale of Sky News could take place regardless of whether the two companies' £51bn mega-merger goes ahead. The company, however, needs to persuade another regulator, the Competition and Markets Authority (CMA), and the government. Even if Fox's proposals satisfy Britain's government and competition regulator, however, it may still need to raise its recommended offer for Sky after USA ...

Shanghai crude oil futures jump more than 6%

The oil futures with delivery in September began the stock exchange session at a price of 440 CNY per barrel, and by noon almost 15,000 contracts changed their owners. At the close, the Shanghai Composite index was down 0.6 percent at 3,133.72, while the blue-chip CSI300 index also lost 0.6 percent at 3,879.89. But by 5 p.m.

Waymo partners with Jaguar to make an autonomous I-Pace SUV

The I-PACE will be incorporated into Waymo's on-demand ride-hailing service, scheduled to launch later in 2018 in Phoenix. However, one of Uber's autonomous vehicles was recently at center of the first fatality resulting from a self-driving vehicle mishap.

Didi in Delhi meets Kanimozhi, Pawar; Sonia likely on March 28

On whether she would be meeting UPA chairperson Sonia Gandhi during her visit to New Delhi , the chief minister said, "She is hospitalised". "The Congress is undoubtedly the largest opposition party with a direct fight with the BJP in many states and big footprint across the country", said a TMC leader privy to the meeting.

China launches crude oil futures

Long-awaited yuan-denominated futures on the Shanghai International Energy Exchange traded at 427.90 yuan a barrel (US$67.78) for September settlement at 2:13pm, with about 18,540 lots changing hands. Liquidity was driven by speculative retail and institutional investors, said Chen Tong, Shanghai-based senior crude analyst at First Futures. Crude oil futures slipped on Monday, but losses were capped by a rebound in stock markets and escalating Saudi-Iran tensions.

Amazon could buy Toys "R" Us stores

In a message posted on LinkedIn , Ellia Kassoff, founder of Strategic Marks, said his company is planning on bringing back KB Toys. After the holiday shopping season ends, Kassoff told the website he will decide which of the pop-up stores will become permanent, based on their performance and whether he can negotiate a lease.

NPD: Toys "R" Us closures will not tank the industry

Toys "R" Us, which filed for bankruptcy a year ago, announced last week that it expects to close all of its 735 stores in the US. If you have any gift cards, use them now. In the United States, the toy industry has grown by 4.5% on average over the last three years. Creditors pushed for liquidation because they saw it as the most likely way to be repaid.

Alibaba doubles Lazada investment to $5.3b

In addition, Alibaba co-founder Lucy Peng was named as Lazada's CEO. Alibaba's stake will increase to an undisclosed amount following the latest investment, a spokeswoman told Reuters . "Lazada is well-positioned for the next phase of development of Internet-enabled commerce in this region, and we are excited about the incredible opportunities for supercharged growth", Peng added.

United flight pit stops to drop off puppy loaded onto wrong plane

United Airlines is retiring its fleet of Boeing 747 aircraft that are affectionately known as the ÒQueen of the SkiesÓ and marked the occassion with a final flight from San Francisco to Honolulu, Hawaii. When they went to pick up Irgo, they instead were given a Great Dane. The airline admitted the most recent incident saw a flight from Newark, New Jersey, to St Louis, Missouri, diverted to Akron, Ohio, after staff realised the pet was heading to the wrong destination.

Alamogordo students peacefully protest Parkland shooting

On the third floor, officers said they found an AR-15 with a magazine still attached. Other schools approached this as a valuable learning experience. Students and administrators at York Catholic High School made a decision to use the day as an opportunity to not necessarily learn from a book, but each other.

Cigna agrees to buy Express Scripts

Executives for CVS and Aetna made similar claims when that deal was announced previous year. Mngmt has invested 0.06% in Express Scripts Holding Company (NASDAQ: ESRX ). Aevitas Wealth Management Inc. bought a new stake in shares of Express Scripts during the 4th quarter worth about $128,000. In recent years, the model of a pharmacy benefit manager has come under scrutiny as members of the public and politicians - prodded by the pharmaceutical industry, which has been trying to ...

Birthday boy Aamir dedicates 1st Instagram post to mother

Wife Kiran Rao welcomed her hubby dearest at the airport and they were seen exchanging an intimate kiss amidst all the chaos on the star's arrival. "Kiran and their son, Azad, gifted him a dartboard that is the toddler's favourite and was snatched away from the birthday boy later", a source close to the actor informed.

Pompeo Could Succeed Where Tillerson Failed

Nearly from the get-go, Tillerson , the former CEO of Irving-based Exxon Mobil, seemed out of sorts and out of step with his mercurial boss. They were never in harmony over the Iran nuclear deal, and they were certainly never in step over North Korea .

Fake news spreads faster and further on Twitter than true stories

It only means that the claim in the tweet is inaccurate. For the study , the team spent two years studying the role Twitter plays in spreading false news across the globe. Coming in second were cascades about urban legends, followed by ones about business, terrorism, science , entertainment and natural disasters. They also found fake news is becoming more prevalent and spikes around USA presidential elections.

Lyft, Uber driving into healthcare services

Transportation challenges often prevent patients from getting to or from doctors' visits, resulting in missed or rescheduled appointments. According to Lyft, the company's failure rate has dropped 20 percent since partnering with Lyft - meaning more patients are making their scheduled appointments.

United Airlines replaces quarterly bonuses with a lottery, angering some employees

The company is "pressing the pause button" on any changes to the bonuses, President Scott Kirby said Monday in a message to employees, just three days after announcing the new approach. "When no one "qualifies" because they called out sick due to the most terrible flu in years, or sick children, or life ... the company just makes more money for itself", she wrote.

Amazon looks to offer checking accounts for customers

It can help limit the fees it pays for payment processing. But in talking to JPMorgan and Capital One, Amazon has shown that it does not intend to entirely disrupt the existing structure of the financial business. However, a push by Amazon into financial services would not be surprising in light of its efforts to expand into areas such as health care, where it already is working with JPMorgan Chase and Berkshire Hathaway Inc.

US Asks Qualcomm to Delay Board Meeting for Review of Broadcom Deal

Over the weekend, Broadcom was told that Qualcomm filed a voluntary request with the Committee on Foreign Investment in the US ( CFIUS ) to investigate the acquisition's potential national security issues. In the semiconductor sector, the committee - whose deliberations are secret - in 2016 recommended that then-President Barack Obama oppose a deal between the German group Aixtron and Chinese fund Grand Chip because there was a U.S.

MIT study that found low pay for Uber drivers to be revisited

They found that the median driver generates 59 cents per mile of driving but incurs costs of 30 cents per mile. Research conducted by the MIT Center for Energy and Environmental Policy Research found that drivers earned a median wage of around $3.37 (£2.44) per hour.

Ep 53: What Fed Chair Powell Said And What The Markets Heard

The next FOMC meeting, Powell's first as Fed Chair, will be March 20-21. Rather, "the robust job market should continue to support growth in household incomes and consumer spending, solid economic growth among our trading partners should lead to further gains in USA exports, and upbeat business sentiment and strong sales growth will likely continue to boost business investment", he said.

API reports growth in USA oil inventories

April WTI crude oil futures settled at $63.91, up $0.36 or +0.57% and April Brent crude oil closed at $67.50, up $0.19 or +0.28%. Oil steadied around its highest prices in three weeks on Monday , supported by comments from Saudi Arabia that it would continue to curb shipments in line with the Opec-led effort to cut global supplies.

NRA under fire as corporate companies sever ties

Many companies cited customer complaints in their vows to discontinue discount programs specific to members of the NRA. First National Bank of Omaha announced Thursday that it would not renew its contract to issue NRA-branded credit cards, The Washington Post reported .

BB&T Suffers Interruption In Service

BB&T Corp.is reporting an outage of its ATMs, online banking, mobile banking app and automated phone service. Spokesman Brian Davis said Friday afternoon that automated Phone24 service and automated teller machines were available. The bank says the outage was caused by an equipment malfunction in one of their data centers. "We do understand this is causing a major inconvenience for so many of you and our teams are continuing to work diligently to restore your services", BB&T said on ...

Alabama police officer shot, suspect barricaded in home

At least one officer fired shots back at Hollie, AL.com reported . Authorities have not said how Hollie died. He was taken to University of South Alabama Medical Center after being shot around 10 p.m., and he died at the hospital about 3 a.m.

2 helicopter crash victims were burned, bleeding

Landing pads sit upstream and downstream from where the copter owned by Papillon Grand Canyon Helicopters crashed Saturday, constantly ferrying people on and off aircraft. That is about 60 miles west of Peach Springs, near the Grand Canyon's West Rim . Authorities say the four were level 1 trauma patients. Unlike the national park, air tours on the Hualapai reservation are not subject to federal regulations that restrict routes, impose curfews and cap the amount of flights over ...

Freezing rain warning issued for Toronto and GTA

Freezing rain warnings are issued when rain falling in sub-zero temperatures creates icy buildup on surfaces. A combination of rain, freezing rain and snow could make for slippery surfaces and traffic disruptions in southwest and central Quebec starting Sunday afternoon and continuing into the evening.

EXTRA: BP Joins Shell In Profit Rise But Also Lifts Oil Production

Last week, the oil giant hadannounced that it hoped to double North Sea oil production to 200,000 barrels by 2020. BP is the latest oil major to benefit from climbing prices, with Tuesday's results marking one of the strongest years in the company's recent history.

South Africa: Zuma To Face Party Top Guns

On Friday Baleka Mbete, Speaker of the House, agreed to allow yet another vote of no confidence in Zuma, the ninth he will have faced, on February 22. The president has been beset by a series of corruption allegations but denies any wrongdoing. Zuma faces a growing chorus of calls for him to resign as president and is expected to meet the ANC's six most powerful officials this weekend, state broadcaster SABC said.