ATLANTA (AP) — UPS's second-quarter revenue improved on solid performances from its domestic and international package divisions. Its earnings edged up. The company reaffirmed its earnings guidance for the full year.
By Nina Chestney and William Schomberg LONDON (Reuters) - Britain has cast doubt on a $24 billion (18 billion pounds) project with French utility EDF to build the UK's first new nuclear plant in decades, delaying a final decision on the plan just weeks after the Brexit vote ushered in a new prime minister. The surprise decision to review the Hinkley Point C project was made public hours after the board of French state-controlled EDF voted to proceed with it. The review came little more than a month after Britons voted to leave the EU in a referendum that forced the resignation of Prime Minister David Cameron - whose administration gave the initial go-ahead to the project - and the accession of Theresa May. The vote, and the resulting economic uncertainty, threw doubt on the future of major British infrastructure projects, including the nuclear plant.
LONDON/ANKARA (Reuters) - Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralyzed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign investment to revive its struggling economy: over Britain's political and economic future, over whether Trump - who wants to scrap a nuclear deal with Iran - will get into the White House, and over whether banks will fall foul of U.S. sanctions if they process transactions with the Islamic Republic. Iran's failure to get full access to the global financial system a year after it signed the nuclear deal with world powers has intensified domestic political infighting.