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Press Releases

Kathleen Gutmann Elected to Brown-Forman Board of Directors

Gutmann is responsible for more than $60 billion in revenue and oversees the UPS Store and UPS Capital business units globally. Gutmann is a graduate of Siena College and a member of The Committee of 200 and the International Women’ s Forum, and is a participant in the Yale CEO Summit. She is also co-founder of the UPS Reading Clubs at the Boys& Girls Club of Metro...

Source: Business Wire

Brazil packed with travel riches, so why so few tourists?

SAO PAULO— Brazil is home to the largest rainforest on Earth. Because while you may have heard about the Amazon or the stunning beaches of Rio de Janeiro, you have probably also heard that Brazil has high crime, was swept by a Zika outbreak and that its politicians have concocted the largest graft scheme in Latin American history. Most likely you've never visited...

Source: The Associated Press

Iraq could make OPEC-led oil output cut extension difficult, RBC’s Croft says

Iraq is the country that could thwart Saudi Arabia's and Iran's wish to extend the oil production cut by a further nine months, says RBC's Helima Croft.

Source: CNBC.com

EU foreign policy chief dismisses Russia’s superpower status, doubts Trump will pay Syria bill

Neither Russia nor the U.S. can be relied upon to stump up what will be a hefty reconstruction bill in Syria, according to the EU’s foreign policy chief.

Source: CNBC.com

The Latest: Mogherini warns against US cuts in UN funding

DEAD SEA, Jordan— The Latest developments at the World Economic Forum in Jordan:. The EU foreign policy chief says Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies, but can "easily" work with the U.S. on Syria and the Israeli-Palestinian conflict. Trump visits Europe next week, after...

Source: The Associated Press

At WEF, entrepreneurs seen as solution for Mideast troubles

In coming days, Trump is to visit Israel and the Palestinian territories before heading to Europe. Mogherini said that Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies, but can "easily" work with the U.S. on the conflicts in Syria and between Israelis and Palestinians.

Source: The Associated Press

Hedge fund showman Scaramucci: 'I remain loyal to the president and to the cause'

After Anthony Scaramucci didn't land a job in the Trump administration but he "remains loyal," the New York Times reports.

Source: The New York Times

Russia-US relations have become 'extremely paranoid', says CEO of Russia's largest bank

Diplomatic relations between America and Russia have deteriorated to such an extent that contacts have become extremely paranoid, says Sberbank CEO.

Source: CNBC.com

Apple is now making iPhones in India. India experts say: Good luck.

Apple is manufacturing its first iPhone in India. It will face many more hurdles in the fast-growing market long after that.

Source: CNBC.com

Exclusive: Alibaba's Ant Financial close to closing bigger-than-expected $3.5 billion debt financing round

It is higher than the $2.5 billion initially expected by Ant Financial.

Source: CNBC.com