Business News

• Coke eyes cannabis-infused drink market September 18, 2018
  Coca-Cola Co is closely watching the fast-growing marijuana drinks market for a possible entry that would expand the world's largest soft drink maker's ambitions further away from sugary sodas.
• Ireland collects disputed Apple taxes in full ahead of appeal September 18, 2018
  Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc plus interest of 1.2 billion which it will hold in an escrow fund pending its appeal against an EU tax ruling, Ireland's finance minister said on Tuesday.
• Wall Street higher after latest tariff moves September 18, 2018
  U.S. stocks rose on Tuesday led by the technology and consumer sectors, as investors judged the latest exchange of blows in a trade war with China less damaging than first feared.
• EU to scrap lawsuit against Ireland after Apple pays back taxes September 18, 2018
  EU antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid 13.1 billion euros ($15.3 billion) in back taxes following a regulatory order two years ago, the European Commission said on Tuesday.
• China to penalize $60 billion of U.S. imports but reduce amount of tariffs it collects September 18, 2018
  China will levy tariffs on about $60 billion worth of U.S. goods in retaliation for the latest round of U.S. tariffs on Chinese products, as previously planned, but has reduced the level of tariffs that it will collect on the products.
• China sets tariff on U.S. LNG just as exports ramp up September 18, 2018
  China has set a 10 percent tariff on imports of U.S. liquefied natural gas just as trade of the super-chilled fuel between the two nations started to ramp up and exports from new terminals on the U.S. Gulf Coast are poised to begin.
• Visa, Mastercard reach $6.2 billion settlement over card-swipe fees September 18, 2018
  Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
• Audi launches electric SUV in Tesla's backyard, with assist from Amazon September 18, 2018
  German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc , and highlighted a deal with Amazon.com Inc to make recharging its forthcoming e-tron models easier.
• Investors raise cash buffers as gloom gathers over global economy: BAML survey September 18, 2018
  Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch's monthly survey indicated on Tuesday.
• Escalation in U.S.-Chinese trade conflict hits German firms: BDI September 18, 2018
  The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany's BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports.