Richa Naidu (Reuters) Impossible Foods Inc. on January 6 launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat. Silicon Valley-based Impossible Foods, which supplies plant-based Whopper patties to Burger King in the United States, said...
Niraj Chokshi(The New York Times) Tesla said January 3 that it had produced over 100,000 vehicles and delivered even more in the fourth quarter of 2019, meeting a goal it had laid out to investors and ending the year on stronger footing than at the start. In a statement, the electric-vehicle...
Boeing made a decision December 16 that the company had long resisted: To temporarily stop producing its most popular passenger jet, the 737 Max, which has been grounded for nine months in the wake of two crashes that killed 346 people. The impact of that decision is stretching far beyond...
LONDON The Bank of England kept interest rates steady December 19, saying it was too soon to gauge how much Prime Minister Boris Johnson’s election victory would lift the Brexit uncertainty that has hung over the economy. Two of the BoE’s nine policymakers voted for a second month in a row...
Fiat Chrysler and PSA of France said December 18 that they had agreed to the terms of a merger that would create the world’s fourth largest automaker. The companies said they had signed a binding agreement formalizing the merger, announced in October. The accord brings Fiat Chrysler and PSA, the maker...
The Australian dollar marked time on December 18 ahead of monthly employment data release while its New Zealand cousin suffered from a steep drop in the prices of dairy, the country’s top export. Trading in major currencies was generally slow as investors headed into the holiday season awaiting further details...
WULONGQIAO, China A devastating disease spreading from China has wiped out roughly one-quarter of the world’s pigs, reshaping farming and hitting the diets and pocketbooks of consumers around the globe. China’s unsuccessful efforts to stop the disease may have hastened the spread — creating problems that could bedevil Beijing and global...
WASHINGTON Trump administration officials predicted big gains for the economy from a newly announced trade deal with China, but the economic losses sustained during a bruising 19-month trade war will not be easy to make up. In a televised interview December 15, President Donald Trump’s top trade negotiator praised the progress...
Ana Swanson and Alan Rappeport (New York Times) The United States and China have settled on final terms of a phase one trade deal, moving both countries closer to signing a pact that President Donald Trump originally announced in October, four people familiar with the negotiations said. Trump met with his...
TOKYO (Reuters) Oil prices fell December 9 after data showing China’s overall exports of goods and services shrank for a fourth straight month, sending shivers through a market already concerned about damage being done to global demand by the Sino-U.S. trade war. Brent futures were down 33 cents, or 0.5 percent,...