China’s Dalian Wanda drops plan to acquire London’s Nine Elms, R&F new buyer

Dalian Wanda Group said on Tuesday it had scrapped plans to buy Nine Elms Square in London, the latest setback for the Chinese conglomerate as Beijing tightens controls on overseas investment. An executive at Guangzhou R&F Properties (2777.HK), who declined to be identified as he was not authorised to speak to the media, told Reuters that R&F would instead buy the property. It would be the second time in a matter of weeks that the Chinese developer has stepped in to take over assets from Wanda, owned by one of China's richest men, Wang Jianlin.

Walmart, others turn to blockchain for food safety

Walmart, Unilever, Nestle, Kroger, Dole, Tyson Foods, and McCormick are all on board with a new IBM blockchain initiative to track shipment data and food safety information over a blockchain.

Express Mondor lands SmartWay certification

10 Things to Know for Today

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. 'FIGHT TO WIN' Reversing his past calls for a speedy exit, Trump recommits the U.S. to the 16-year-old ...

Lidl overtakes Waitrose in Britain’s supermarket wars

Discounter Lidl [LIDUK.UL] has leapfrogged upmarket Waitrose [JLP.UL] in Britain's competitive food retail market, industry data showed on Tuesday, a sign that cash-strapped shoppers are still having to count their pennies. Lidl and rival German discounter Aldi [ALDIEI.UL] have steadily cut into the market shares of Britain's big four supermarket chains - leader Tesco (TSCO.L), Sainsbury's (SBRY.L), Asda (WMT.N) and Morrisons (MRW.L) - with aggressive store openings fuelling their sales growth. The two discounters started opening stores in Britain in 1994 and 1990 respectively, but their big breakthrough came when the economic crisis hit in 2008 and more British shoppers were prepared to give them a go.

Will GOP lower expectations on tax reform, focus on middle-class tax cuts?

GOP strategist Harlan Hill and The King's College Professor Brian Brenberg on the debt ceiling and efforts to achieve tax reform.

S. Korea says no to US request to discuss renegotiating FTA

SEOUL, South Korea (AP) — South Korea's top trade negotiator said Tuesday that Seoul will not discuss renegotiation of the free trade agreement with the U.S. without first looking into what is really causing the U.S. trade imbalance.