UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
The U.K.'s competition watchdog issued an initial enforcement order Friday asking Amazon to pause its investment into food delivery start-up Deliveroo.
The Competition and Markets Authority (CMA) said it has "reasonable grounds" for suspecting Amazon and Deliveroo could "cease to be distinct," which could give the authority grounds to block the investment.
Amazon led a $575 million funding round in Deliveroo in May, bringing the food delivery app's valuation to roughly $1.5 billion. The investment would make Amazon a minority shareholder in the British start-up.
"We believe this minority investment will enable Deliveroo to expand its services, benefiting consumers through increased choice and creating new jobs as more restaurants gain access to the service," an Amazon spokesperson said in a statement Friday.
Amazon's entrance into Britain's food delivery space set up a heated competition with Uber Eats. While Amazon does not currently operate its own food delivery business, the e-commerce giant had previously attempted to enter the U.K. market with its Amazon Restaurants takeout and delivery service.
A Deliveroo spokesperson said in a statement the companies had been working closely with regulators to obtain required approvals.
"There are a number of major companies within the restaurant food delivery sector and this investment will enable Deliveroo to expand, innovate and, we believe, will enhance competition. This investment will help create jobs, help restaurants to grow their businesses and will improve choice for consumers," the Deliveroo spokesperson said.
— Reuters contributed to this report