"We can confirm that the polymer pellet from which the base substrate is made contains a trace of a substance known as tallow," the Bank of England, said in a statement emailed to CNBC very recently.   "Tallow is derived from animal fats (suet) and is a substance that is also widely used in...

Lufthansa pilots' strike cost the company approximately € 15 million per day, reported Bild. Thus, the current strike, which began last week, has already caused € 75 million - damage to the concern. Pilots keep protesting, so Lufthansa had to cancel about 890 flights scheduled for Wednesday. "About...

Chicago Stock Exchange revealed details of a deal with Chinese investors. The stock exchange will be acquired by a Chinese company, and earlier the market was boiling with rumors that the deal involves Chinese government. Trying to explain that, the organization said the country’s government do not...

In a boost to the global efforts of popularizing the use of blockchain technology, less than half its overall target of the blockchain consortium R3 CEV might be financed by banks.   According to media reports quoting a person close to the deal, interest in investing $59 million in the...

Mexican company Jose Cuervo, the world's largest producer of tequila, postponed planned IPO of up to $ 1 billion because of uncertainty in the market. The stir was caused by results of the US presidential election, reports Financial Times. The company, formally known as Becle, submitted its outlook...

BCUniversal (NBCU) has invested another $ 200 million to BuzzFeed, as follows from the Internet project’s message. BuzzFeed as a whole was valued at $ 1.7 billion, told several sources familiar with the details. A year ago, NBCUniversal invested in BuzzFeed the same $ 200 million; the then company...

The French tax administration demanded that French division of Apple return € 400 million to the state budget, writes L'Express magazine, citing informed sources. The watchdog found that the company has unlawfully used tax laws in France. This, according to the authorities, allowed Apple France to...

The balance sheets of banks, that are already facing a challenging environment of low interest rates, could potentially come under pressure as the European Commission has unveiled a new set of proposals aimed at banks operating in the European Union (EU).   The implementation of a caveat...

Within the next few weeks, Alphabet Inc's Google is expected to reach a tax settlement with the Indonesian government, reports Reuters citing people familiar with the matter.   One of the people, who declined to be named as the information was not public, reportedly told the international...