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UTC beats profit estimates on airplane boom, lifts forecast

United Technologies Corp reported a better-than-expected quarterly profit and raised its full-year profit forecast on Tuesday as it benefited from higher sales of aircraft parts, driven by record production at planemakers Boeing and Airbus.

Exclusive: Justice Department demands details from Glencore on intermediary firms – sources

The U.S. Department of Justice is seeking documents from Glencore about intermediary companies that the commodities firm has worked with in the Democratic Republic of Congo, Venezuela and Nigeria, sources familiar with the matter said.

Saudi sees deals worth $50 billion at investment conference despite boycotts

Saudi Arabia was set to sign deals worth $50 billion on Tuesday at the opening of an investment conference despite being overshadowed by the killing of journalist Jamal Khashoggi which prompted a boycott by Western politicians, top world bankers and company executives.

Saudi signs deals worth $50 billion in oil, gas and infrastructure

Saudi Arabia signed deals worth more than $50 billion in oil, gas, infrastructure and other sectors at an investment conference in Riyadh on Tuesday, officials there said.

Saudi Arabia reassures on oil supply, says will meet demand

Saudi Arabia said on Tuesday it would continue to meet customer demand for crude despite looming U.S. sanctions that are expected to reduce oil exports from Iran.

Exclusive: Airbus faces new jet delays at Hamburg plant – sources

For two years Airbus faced a shortage of engines and had to slow jet deliveries. Now engines are arriving fast – but snags at a Hamburg plant where Airbus assembles best-selling jets is having trouble absorbing them, industry sources said.

Uber aims to go all-electric in London in 2025

Uber plans for every car on its taxi app in London to be fully electric in 2025 and will add a clean air fee to each trip from early next year, its boss told reporters in the British capital city on Tuesday.

London Uber drivers to charge electric car fee

The 15p fee will be handed to drivers to help them pay for an all-electric car, says ride-hailing [...]

Russian fund CEO says Saudi economic drive important for world

Saudi Arabia’s economic transformation plan is important for the world, the chief executive of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) said on Tuesday.

SoftBank CEO Son won’t speak at Saudi conference: source

SoftBank Group Corp Chief Executive Masayoshi Son, whose $93 billion Vision Fund drew nearly half its money from Saudi Arabia, canceled a speaking engagement at the kingdom’s investment conference this week, a person close to the matter told Reuters.

Saudi’s PIF invested in 50-60 firms via SoftBank fund: director

The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested in 50 or 60 companies via SoftBank Group’s Vision Fund and will bring most of those firms to the kingdom, managing director Yasir al-Rumayyan said on Tuesday.

Saudi Aramco CEO says bankers have not raised concerns about funding costs on SABIC deal

The chief executive of oil giant Saudi Aramco said on Tuesday that bankers had not expressed any concerns about a recent rise in Saudi funding costs ahead of the company’s potential acquisition of a stake in petrochemical firm Saudi Basic Industries Corp (SABIC) .

Total to announce retail network in Saudi Arabia with Aramco: Total CEO

French oil and gas producer Total is set to announce a retail network in Saudi Arabia with Saudi Aramco, Total’s chief executive said on Tuesday.

Saudi Aramco to sign 15 deals worth more than $30 billion: state TV

Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.

Gilberto Benetton: Co-founder of fashion chain dies

Gilberto Benetton is credited with masterminding the firm’s expansion into a multi-billion euro [...]

SoftBank CEO cancels speaking role at Saudi conference: source

SoftBank Group Corp Chief Executive Masayoshi Son has cancelled a speaking engagement at the Future Investment Initiative conference in Saudi Arabia, said a source close to the matter.

South Africa must turn freedom into prosperity

Improved infrastructure and stable public finances can attract foreign [...]

Saudi Aramco to sign 15 deals worth more than $30 billion: state TV

Oil giant Saudi Aramco will sign 15 deals worth more than $30 billion, said Saudi state-owned TV Ekhbariya.

Johnson & Johnson makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z

U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it will buy all outstanding shares of Japanese skincare firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion) in cash.

Saudi to sign deals worth $50 billion in oil, gas and infrastructure

Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday.

John Lewis pulls the plug on DVD players

Slump in sales sparks move by department store chain, which will continue to sell Blu-ray [...]

Saudi summit begins amid boycott

About 40 delegates are understood to have pulled out of the high-profile conference in [...]

Shares sink toward one-year low as bears bite again

An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure.

Ford in Spain to halt car production for nine days due to low demand: spokesman

U.S. car manufacturer Ford will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday.

Schools and home care disrupted by Glasgow equal pay strike

Home care services are also being hit by what is thought to be the UK’s largest strike over women’s [...]

Dyson chooses Singapore as first electric car plant

Country chosen ahead of UK because of proximity to existing production [...]

J&J makes $2.1 billion offer to buy out Japan cosmetics firm Ci:z

U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion).

U.S. judge affirms Monsanto weed-killer verdict, slashes damages

A U.S. judge on Monday affirmed a verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, sending the German company’s shares down 8 percent.

Global stock sell-off follows heavy falls in China

Concern at multiple geopolitical risks outweighs optimism on Beijing economic [...]

South Korea’s Lotte seeks fresh start with revised $44 billion investment plan

South Korea’s Lotte Group, whose chairman was released from jail this month, has reset a five-year investment plan just two years after its initial announcement, saying it now aims to spend 50 trillion won ($44.05 billion) through 2023.

Elon Musk says Twitter had locked his account thinking it was hacked

Tesla Inc Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked.

Asian shares buckle to Saudi anxieties, Italian budget rows

Asian shares slumped on Tuesday as a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to fresh worries about trade wars whacked sentiment across the region.

Mitsubishi Heavy’s struggling aircraft unit to gain $2 billion lifeline: NHK

Mitsubishi Heavy Industries is arranging 220 billion yen ($2 billion) in financial support for its aircraft unit, which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.

FirstFT: Today’s top stories

Your daily briefing on the day’s news from the FT and [...]

Philip Morris aims to revive Japan sales with cheaper heat-not-burn tobacco

Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes.

UBS says it allows staff to travel ‘freely’ to China after banker’s departure delayed

UBS allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.

The crown prince, the $300bn fund and the killing

Welcome to Due Diligence, the FT’s daily deals [...]

Can Germany survive the ‘iPhone moment’ for cars?

The country’s profitable carmakers are being hit quicker than expected by the adoption of electric vehicles and diesel [...]

Mitsubishi Heavy to inject $2 billion into regional jet unit: NHK

Mitsubishi Heavy Industries is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.

Asian shares buckle to European woes, Saudi anxieties

Asian shares fell on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment.

Spain’s olive producers hit by US tariffs

Automotive exports and steel are also among sectors targeted by US [...]

Philip Morris seeks bigger Japan share with cheaper heat-not-burn tobacco

Philip Morris International Inc will sell cheaper versions of its IQOS “heat not burn” products in Japan from Tuesday and introduce new upgraded products next month to expand market share, its chief executive said.

Exclusive: Corona brewer Constellation seeks to sell U.S. wine brands – sources

Constellation Brands Inc , the U.S. producer of Corona and Modelo beers, is looking to sell some of its U.S.-based wine brands, in a deal that could be worth more than $3 billion, according to four people familiar with the matter.

Amazon.com, Qualcomm to put Alexa assistant in more headphones

Microchip firm Qualcomm Inc is joining Amazon.com Inc to spread the use of Amazon’s Alexa voice assistant in wireless headphones, the companies said on Monday.

Asian shares struggle as European woes, Saudi concerns dim mood

Asian shares edged lower on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment.