News

Walmart Inc reported an estimate-beating jump in holiday quarter comparable sales on Tuesday as a strong economy boosted consumer spending and fueled more e-commerce purchases, sending shares of the world's larger retailer up almost 5 percent.

German haute-couture designer Karl Lagerfeld, artistic director at Chanel and an icon of the global fashion industry for over half a century, has died, a source at the French fashion house said on Tuesday. He was 85.

Bernard Arnault, the head of French fashion house LVMH, confirmed on Tuesday the death of Karl Lagerfeld and said he had made Paris the world's fashion capital.

Pakistan's foreign minister appealed to the U.N. Secretary General on Tuesday to help ease tension with India that has escalated sharply following a suicide bomb attack in the Indian part of disputed Kashmir, that India blamed on Pakistan.

Virginie Viard, deputy artistic director of Chanel, will become chief designer of the fashion house following the death of haute couture icon Karl Lagerfeld, a source at Chanel said on Tuesday.

U.S. Senator Bernie Sanders, the progressive populist who mounted a fierce challenge to front-runner Hillary Clinton in the 2016 White House campaign, said on Tuesday he will again seek the Democratic Party's presidential nomination in 2020.

Qualcomm Inc on Tuesday introduced its second-generation of so-called modem chips to connect phones to 5G networks, speeding up the race around faster wireless data connections expected to begin rolling out later this year.

U.S. Senator Bernie Sanders, the progressive populist who mounted a fierce challenge to front-runner Hillary Clinton in the 2016 White House campaign, said on Tuesday he would again seek the Democratic Party’s presidential nomination in 2020.

Making an unforgettable movie is not the only requirement to win the prestigious best picture Oscar. Add millions of dollars for TV and digital ads, plus actors' travel, hair and makeup for events to promote their work on the busy film campaign trail.

Prime Minister Imran Khan said on Tuesday Pakistan would retaliate if India were to attack in response to a bombing in the disputed Kashmir region, which India blamed on Pakistan, while adding he wanted to cooperate in investigating the blast.

EPA acting administrator Andrew Wheeler rejected a proposal from his staff that would have reduced the ambition of the nation’s biofuel policy over the next three years, arguing the targeted range it included for annual ethanol consumption was too low, according to two sources familiar with the matter.

A quarterly leading indicator of world merchandise trade slumped to its lowest reading in nine years on Tuesday, which should put policymakers on guard for a sharper slowdown if trade tensions continue, the World Trade Organization said on Tuesday.

Karl Lagerfeld enjoyed the stature of a god among mortals in the world of fashion, where he stayed on top for well over half of a century and up to his death, at an age almost nobody apart from himself knew with to-the-day precision.

Iran's exports of crude oil were higher than expected in January and are at least holding steady this month, according to tanker data and industry sources, as some customers have increased purchases due to waivers from U.S. sanctions.

The president and chief executive of Time's Up, a group dedicated to fighting sexual discrimination and harassment in the workplace, has resigned in order to focus on undisclosed family concerns, Time's Up said on Monday.

Pakistan's ambassador to Afghanistan said on Tuesday that peace talks between the United States and Afghan Taliban militants would be affected if India resorted to violence against Pakistan in response to a deadly bombing in the Kashmir region.

A new round of talks between the United States and China to resolve their trade war will take place in Washington on Tuesday, with follow-up sessions at a higher level later in the week, the White House said.

China wants to deepen "strategic trust" with Iran, the Chinese government's top diplomat told Iran's foreign minister on Tuesday, days before Saudi Arabia's crown prince visits Beijing, underscoring China's difficult Middle East balancing act.

A Chinese government propaganda app that recently became a huge hit was developed by Alibaba, two people at the company told Reuters, at a time when the nation's tech firms are under global scrutiny over their ties to Beijing.

Teva Pharmaceutical Industries expects its generic version of Mylan's EpiPen to claim about 25 percent of the U.S. market by the end of the year, CEO Kare Schultz said on Tuesday, as the company closes in on a return to growth in 2020.