KFC apologizes for ‘sexist’ Australian ad
KFC on Tuesday apologized for an advertisement in Australia that shows two boys ogling a woman’s breasts, after calls from a local campaign group to boycott the fast-food giant over the ad it called “sexist”.
Aramco IPO proceeds to fund Saudi industry, including defense: finance minister
Saudi Arabia will pump the proceeds from last month’s listing of oil giant Saudi Aramco into the local economy over several years, including building up the domestic defense industry amid tensions with Iran, its finance minister said on Tuesday.
Starbucks eyes plant-based food, reusable packaging in latest sustainability push
Starbucks Corp aims to add more plant-based food and drinks to its menu, make its packaging reusable and invest in better waste-management, CEO Kevin Johnson said on Tuesday, as part of the company’s latest plan to become more environmentally friendly…
Halliburton takes $2.2 billion charge on shale slump
U.S. oilfield services firm Halliburton Co. on Tuesday disclosed a $2.2 billion charge to earnings as weakening North American shale activity continued to hit the industry.
China virus sends chill through markets as risks rise
Global stock markets took a hit on Tuesday as mounting concern about a new strain of coronavirus in China sent a ripple of risk aversion through markets.
Futures lower as China virus outbreak, growth fears sour mood
U.S. stock index futures followed Asian and European markets lower on Tuesday as worries about the fallout from a deadly virus outbreak in China and a gloomy growth outlook from the IMF looked set to stall a record rally on Wall Street.
Air France-KLM says not involved in Malaysia Airlines sale talks
Air France-KLM said on Tuesday it had previously held talks with the owners of Malaysia Airlines but was not engaged in current efforts to find new investors for the carrier.
Uber cuts losses from Eats business in India with sale to Zomato
Uber has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial.
Halliburton beats estimate on international demand; takes $2.2 billion charge
Halliburton Co beat analysts’ estimates for quarterly profit on Tuesday, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America that led to a charge of $2.2 billion.
Boeing plans to stage first flight of 777X plane this week: sources
Boeing plans to carry out the first test flight of its delayed 777X airplane later this week, said two people familiar with the matter on Tuesday.
