MEXICO CITY (Reuters) – Mexico’s telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line unit Telmex from the rest of the company, people familiar with the matter said, a move that would intensify ant…
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc will urge shareholders to reject a proposal by a Nebraska nonprofit that it sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years, the nonprofit …
A police sharpshooter accidentally wounded two people as French President Francois Hollande was giving a speech in the south-west of France on Tuesday.
(Reuters) – U.S. President Donald Trump intends to revamp the national biofuel program to ease regulations on oil refiners while providing new incentives for ethanol and biodiesel production, people familiar with the plan told Reuters on Tuesday.
General Motors CEO Mary Barra said the Detroit automaker is exploring opportunities with French automaker Peugeot SA.
The candidate’s chances in France’s presidential election may be slipping.
WASHINGTON (Reuters) – General Motors Chief Executive Mary Barra said on Tuesday the Detroit automaker is exploring opportunities with French automaker PSA Group , but declined to discuss a potential sale of its money-losing European Opel unit.
The company is investing a “fair amount” into research and development, the executive told shareholders.
HMD Global, owner of the Nokia phone brand, on Sunday reintroduced the classic 3310 feature phone at the MWC, along with a line of brand new Nokia smartphones that run on the Android platform. The relaunch of the 3310 is the reimagination of one of the world’s best-selling feature phones as a sleek, lightweight device that features 22 hours of talk time and an entire month of standby time.
CUPERTINO, Calif. (Reuters) – Apple spent roughly $50 billion last year at U.S.-based suppliers including 3M and Corning , Chief Executive Tim Cook said on Tuesday, stressing the iPhone-maker’s commitment to U.S. manufacturing.
LONDON (Reuters) – OPEC has cut its oil output for a second month in February, a Reuters survey found on Tuesday, allowing the exporter group to boost already strong compliance with agreed supply curbs on the back of a steep reduction by Saudi Arabia.
Denmark’s high employment shows what can happen with too much of a good thing, New York Times reports.
President Donald Trump’s big plans are in deep trouble as he heads into his first big speech to Congress.
BRUSSELS (Reuters) – European governments delayed stricter car engine emissions tests by six years and did not do enough to uncover cheating by car manufacturers, a European Parliament report into the dieselgate scandal said on Tuesday.
Instagram will have 77 million U.S. users in 2017, while Snapchat will have 70.4 million, according to a study
CALGARY, Alberta (Reuters) – TransCanada Corp has suspended a $15 billion NAFTA suit filed against the United States over the Keystone XL pipeline, the company said on Tuesday, after U.S. President Donald Trump approved the project last month.
LONDON (Reuters) – Germany’s record low short-term borrowing costs have further to fall as the ECB, faced with a scarcity of eligible bonds for its monetary stimulus program, takes advantage of recent rule tweaks to buy more shorter-dated paper.
Israel’s home to two Upstart 25 companies founded by former Israeli Defense Forces that combat threats of cybersecurity.
Markit Opportunity is a Kenya-based start-up that connects small farms to big corporate buyers and exporters.
LONDON (Reuters) – The European Union could be left with no exchange big enough to compete with U.S. rivals and no trading link into Britain if it allows the London Stock Exchange and Deutsche Boerse merger to die.
Facebook has topped a list of the world’s most “mobile-ready” brands, followed by Amazon, 7-Eleven, Hyundai, Microsoft
One British book chain store has come under fire for setting up shops in small towns without its signature branding.
(Reuters) – Comcast Corp said on Tuesday it would buy the 49 percent it does not already own in Universal Studios Japan (USJ) for 254.8 billion yen ($2.27 billion) as the No. 1 U.S. cable operator seeks to expand its Asian theme parks business.
BHS went into administration in April 2016 and the last of its stores closed in August. Some 11,000 jobs were lost.
LONDON (Reuters) – Unilever on Tuesday proposed changes to how it pays executive directors that it says are meant to ensure alignment with long-term shareholder value creation.
A spat over which city would claim the headquarters of a combined European exchange could scupper the $31 billion deal.
MORAL hazard is a problem that crops up frequently in economics. People behave differently if they do not face the full costs or risks of their actions: deposit insurance makes customers less careful about choosing their banks, for example.
Moral hazard can also be second-hand. Take medicine. A patient with private insurance may be happy to sit through extra tests, and a doctor may be happy to order them. Doctors might be more reluctant to order tests if they know that the patient would bear the full cost.
A newly published paper* sets out to test this secondary problem by examining a common-enough situation—taking a taxi ride in a strange city. The authors, a trio of academics at the University of Innsbruck, sent researchers on 400 taxi rides, covering 11 different routes, in Athens, Greece. In all cases, the researchers indicated they were not familiar with the city. But in half the cases, the researchers indicated that their employers would be reimbursing them for the journey. The researchers in the latter group were 17% more likely to be overcharged for their trip and paid a fare that was, on average, 7% higher.
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