PepsiCo goes Beyond Meat in new partnership
PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins. The companies didn’t reveal what kinds of products they will make Tuesday, saying they’re still in development.
UK eyes tougher quarantine as virus toll passes 100,000
LONDON (AP) — Britain's official death toll in the coronavirus pandemic passed 100,000 on Tuesday, a dreaded milestone reached as the government considered requiring hotel quarantines for international travelers to stop new virus variants reaching the country.
1st private space crew paying $55M each to fly to station
CAPE CANAVERAL, Fla. (AP) — The first private space station crew was introduced Tuesday: Three men who are each paying $55 million to fly on a SpaceX rocket.
AP sources: Biden to pause oil drilling on public lands
WASHINGTON (AP) — President Joe Biden is set to announce a wide-ranging moratorium on new oil and gas leasing on U.S. lands, as his administration moves quickly to reverse Trump administration policies on energy and the environment and address climate change.
US stock indexes edge higher on earnings, vaccine optimism
CHARLOTTE, N.C. (AP) — Stocks were slightly higher in late-morning trading on Wall Street Tuesday, helped by better-than-expected earnings from blue chip companies like Johnson & Johnson and General Electric.
US consumer confidence rebounds in January
WASHINGTON (AP) — U.S. consumer confidence rose in January as Americans became more optimistic about the future. The Conference Board reported Tuesday that its consumer confidence index increased to 89.3, a rebound from December when it dipped to 87.1.
Norway to fine dating app Grindr $11.7M over privacy breach
LONDON (AP) — Gay dating app Grindr faces a fine of more than $10 million from Norwegian regulators for failing to get consent from users before sharing their personal information with advertising companies, in breach of stringent European Union privacy rules.
EU approves more state aid to boost car batteries industry
BRUSSELS (AP) — The European Union has approved 2.9 billion euros in subsidies from 12 member countries for a second pan-European project to develop the electric battery industry and move away from its reliance on Asian imports.
Virginian-based UPS Freight being sold to TFI for $800M
RICHMOND, Va. (AP) — UPS has reached an agreement to sell the Virginia-based UPS Freight to Canadian trucking giant TFI International for $800 million.
IMF: Vaccines will power 5.5% global economic growth in 2021
WASHINGTON (AP) — The spread of COVID-19 vaccines will power a stronger global economic recovery in 2021, the International Monetary Fund forecast Tuesday.
Home prices rise at fastest pace in more than 6 years
WASHINGTON (AP) — U.S. home prices jumped in November at the fastest pace in more than six years, fueled by demand for more living space as Americans stick closer to home during the pandemic.
Merkel: pandemic shows German weaknesses, need to cooperate
BERLIN (AP) — German Chancellor Angela Merkel conceded that the coronavirus pandemic has highlighted significant shortcomings in her country as she told the World Economic Forum on Tuesday that it has underlined the need for international cooperation on issues such as vaccines.
Consumer financial-hardship agreements slow but remain high
Credit reporting agency TransUnion has found that nearly 3% of common consumer debts were in financial-hardship status at the end of 2020, illustrating that many Americans are struggling to get by financially as the pandemic wears on.
Citing pandemic, Greece bans protests for a week
ATHENS, Greece (AP) — Greece’s center-right government on Tuesday imposed a weeklong ban on public protests attended by more than 100 people, angering left-wing political opponents.
American Express 4Q profit fell 15% on virus impact
CHARLOTTE, N.C. (AP) — American Express said its fourth-quarter profits dropped by 15% from a year ago, as the global pandemic kept cardmembers from dining out, traveling and entertaining.
Italian premier resigns, setting off scramble for new allies
ROME (AP) — Italian Premier Giuseppe Conte resigned Tuesday after a key coalition ally pulled his party’s support over Conte’s handling of the coronavirus pandemic, setting the stage for consultations this week to determine if he can form a third government.
EU urges US to draft joint rule book to rein in tech giants
BRUSSELS (AP) — The European Union on Tuesday called on U.S. President Joe Biden to help draw up a common rule book to rein in the power of big tech companies like Facebook and Twitter and combat the spread of fake news that is eating away at Western democracies.
Under Biden, China faces renewed trade pressure
BEIJING (AP) — The U.S.-Chinese trade war isn’t going away under President Joe Biden. Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy.
Twitter permanently bans My Pillow CEO
Twitter has permanently banned My Pillow CEO Mike Lindell’s account after he continued to perpetuate the baseless claim that Donald Trump won the 2020 U.S.
Rubbish-covered lake brings to light Balkans waste problem
PRIBOJ, Serbia (AP) — Trucks and building machines are parked on a river dam in southwest Serbia but not for construction work. Instead, huge cranes are being used to clear tons of garbage crammed at the foot of the power plant.
COVID-19 variant brings new dimension to Europe's pandemic
LISBON, Portugal (AP) — In the first week of December, Portugal’s prime minister gave his pandemic-weary people an early Christmas gift: restrictions on gatherings and travel due to COVID-19 would be lifted from Dec.
Asian shares retreat after bumpy day on Wall Street
BANGKOK (AP) — Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction.
California: Criminal rings loot billions in jobless funds
LOS ANGELES (AP) — Sophisticated hackers, identity thieves and overseas criminal rings stole over $11 billion in unemployment benefits from California last year, but the extent of the fraud might grow far larger: billions more in payments are under investigation.
Smaller investors face down hedge funds, as GameStop soars
NEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer.
California measure aims to pay off 80% of most unpaid rent
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom and the state's top two legislative leaders pledged Monday to pay off 80% of most people's unpaid rent that has piled up during the coronavirus pandemic — but only if landlords agree to forgive the other 20%.