U.S. cereal company Post Holdings has agreed to buy British brand Weetabix from China’s Bright Food Group Co Ltd in a 1.4 billion pound ($1.76 billion) deal that will expand its international business. Sonia Legg reports Continue reading
China Central Television (CCTV) – China’s e-commerce giant Alibaba Group has been developing cross-border e-commerce platforms in countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, promoting the idea of building a “cyber Silk Road”.
Chinese investors complete the deal to buy Italian soccer club AC Milan from former Italian premier Silvio Berlusconi.
China Global Television Network (CGTN) – With the smartphone user base long surpassing half its population, China is becoming a big global app revenue generator. Continue reading
Inflation gnaws at the growth in pay of British workers during the three months to February, evidence that households are feeling the strain of rising prices as Brexit negotiations begin.
The American singer and actress launched her first fragrance, Glow by JL in 2003 – Jlo
Jennifer Lopez signs fragrance agreement with Designer Parfums
International Monetary Fund Managing Director Christine Lagarde says she is more positive about global economy this year than in 2016.
The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
A company that makes graphics processing chips for the iPhone saw its stock crash 69 percent after Apple announced it would no longer be using its hardware. Mia Womersley reports. Continue reading
Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices. Ciara Lee reports. Continue reading