A eurosceptic British lawmaker said the "Malthouse Compromise" - an attempt to redraft the contentious Irish backstop in the Brexit deal - was "alive and kicking" after a meeting with Prime Minister Theresa May on Tuesday. Steve Baker, a member of a euroskeptic group in May's ruling Conservative Party, said: "The Malthouse Compromise is alive and kicking.
US carriers will soon offer passengers additional options besides "male" and "female" when they buy tickets, an airlines trade association said Tuesday. The shift comes as a handful of US states permit citizens to identify by non-binary genders and as a minority of countries within the European Union permit citizens to self-identify by their gender preference. Beginning June 1, members of Airlines for America, a trade group that represents most leading US carriers, will allow consumers to pick "unspecified" and "undisclosed" in addition to the traditional two options.
US automaker Ford said Tuesday it was pulling out of the commercial heavy truck business in South America, closing a plant in Brazil employing 2,800 workers that has been operating for half a century. The decision was made "as part of a comprehensive redesign of its global business," and after it decided that other options, such as partnerships, would not be viable, Ford said in a statement. The affected factory, in Sao Bernardo do Campo south of the megacity Sao Paulo, makes Cargo-model heavy trucks, F-4000 and F-350 pickup trucks and Ford Fiesta small cars.
On this episode of the Full-Court Finance podcast, Associate Stock Strategist Ben Rains breaks down Under Armour's (UAA) Q4 and fiscal 2018 financial results and then dives into what's next for the athletic apparel firm as its North American struggles continue.
Three former Chilean nuns who claim to have been sexually abused over two decades ago by priests in their religious order have hailed comments by Pope Francis earlier this month in which he recognized the abuse of nuns in the Catholic Church. The three nuns, who had been members of the Sisters of the Good Samaritan order in the Chilean city of Molina, 130 miles south of Santiago, told Reuters in an interview on Friday that they were embraced and fondled during the 1990s and 2000s by several priests who had since died. The three, Yolanda Tondreaux, Eliana Macias and Marcela Quitral, told Reuters TV they had reported the abuse to their mother superior but were told either that they were lying or had provoked the abuse and were threatened with being forced to leave the convent.
New York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now, and sees no need to raise them again unless growth or inflation shifts to an unexpectedly higher gear. In an interview with Reuters, Williams estimated the Fed would continue trimming its bond portfolio well into next year. "I don't think that it would take a big change, but it would be a different outlook either for growth or inflation" to return to hiking rates, Williams, one of the Fed's three vice chairs and a key voice on rate policy, told Reuters.
DETROIT (AP) — America's auto industry is bracing for a potential escalation in President Donald Trump's tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.
The Environmental Protection Agency and National Highway Traffic Safety Administration had been meeting with California’s Air Resources Board in pursuit of a compromise as the federal agencies aim to finalize by late March or early April a replacement for Obama-era fuel efficiency regulations that automakers are seeking to modify. The breakdown in talks adds to tension between Washington and Sacramento, which has emerged as a major antagonist to the Trump administration.
The French president's disgraced former bodyguard, Alexandre Benalla, was Tuesday placed in provisional detention, his lawyer said. Instructing magistrates took the decision after President Emmanuel Macron's former staffer allegedly broke the conditions of his bail, said lawyer Jacqueline Laffont. Benalla faces criminal charges after it emerged in July that he roughed up protesters during a May Day demonstration in Paris while wearing a police helmet.