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The FDA Issued a Warning About Foods Prepared With Liquid Nitrogen—Here’s What You Need to Know

The FDA Issued a Warning About Foods Prepared With Liquid Nitrogen—Here’s What You Need to Know

Health
That smoky dessert tray isn't as innocent as it looks. We're always seeing crazy-fun food fads in our social feeds, like the liquid nitrogen trend. You've probably seen it too: When this chemical is added to a cocktail. for example, or to treats like ice cream and cereal, it creates a smoky, vapor-like effect that's super Instagrammable. Now, the Food and Drug Administration (FDA) has weighed in on liquid nitrogen–infused foods and drinks, and they're urging people to avoid consuming anything prepared with this potentially dangerous substance. The FDA warning, issued on Thursday, states that the agency has has become aware of severe, and in some...
Standard Chartered chief warning over Brexit staff moves

Standard Chartered chief warning over Brexit staff moves

Business
A Standard Chartered bank executive says tough demands by EU regulators could mean more jobs being moved from the UK overseas than currently thought.Europe and Americas boss Tracy Clarke says the relatively small size of the bank in the EU market means it would not "be moving hundreds of people".But she says the impact on banks with large EU services may be "significant".Standard Chartered is to spend about £15m turning its Frankfurt office into a European base due to Brexit.The bank plans to create a subsidiary at its German branch in order to maintain access to the European market after the UK withdraws from the European Union.'Empty shells'It has been waiting nearly nine months for EU officials to approve the relevant banking licence, which it or...
Financial stocks are giving us a ‘warning sign’: Money manager

Financial stocks are giving us a ‘warning sign’: Money manager

Finance
There are a lot of positives right now for the banking industry, yet the stocks aren’t responding — and that’s a signal for investors, market expert Quint Tatro told CNBC on Thursday. Bank equities have underperformed this year despite a strong economic recovery, the managing director at Joule Financial pointed out. Also, short interest rates are going higher, and there has been deregulation. “The financials are giving us a warning sign that something’s coming that’s not being reflected in the other sectors,” Tatro said on “Closing Bell.” ...
BMW joins Airbus in Brexit warning

BMW joins Airbus in Brexit warning

Business
Media playback is unsupported on your device The car giant BMW has followed plane-maker Airbus in warning about the consequences of Brexit uncertainty.BMW UK boss Ian Robertson says clarity is needed by the end of the summer. BMW makes the Mini and Rolls Royce and employs about 8,000 people in the UK.Earlier, Airbus, which employs 14,000 people in the UK, warned it could leave if the UK exits the single market and customs union with no transition deal.The UK government says it is confident of getting a good deal for industry.The customs union brings together the EU's 28 members in a duty-free area, in which they pay the same rate of duty on non-EU goods.Prime Minister Theresa May has ruled out staying in the customs union. The UK is due to lea...
Dixons Carphone shares dive on profits warning

Dixons Carphone shares dive on profits warning

Business
Shares in Dixons Carphone have sunk by nearly 20% after it warned of a sharp fall in profits this year.The mobile phone and electrical goods retailer also said it would close 92 of its more than 700 Carphone Warehouse standalone stores this year.It expects pre-tax profits for 2017-18 to be £382m, but it predicts profits will fall to £300m in 2018-19.Chief executive Alex Baldock said "nobody is happy with our performance" but the problems were all "fixable".The company blamed "challenges" in the market for mobile phones and mobile services, including a declining market for long-term mobile contracts and people not renewing their handsets as frequently. It had also seen weaker demand for computers. Six reasons behind th...