London / AFP GlaxoSmithKline on Tuesday appointed Emma Walmsley, its head of consumer healthcare, to lead the British drugs giant and develop new treatments in a fast-consolidating sector. Walmsley, 47, succeeds outgoing chief executive Andrew Witty, who is retiring early next year after almost a decade at the helm. Walmsley, who joined GSK from French cosmetics giant L’Oreal six …

  Bloomberg Petroleo Brasileiro SA reduced investments by 25 percent and is accelerating asset disposals in its latest business plan as it downsizes to withstand low international oil prices amid Brazil’s deepest two-year recession on record. The 2017-2021 plan, the first drafted under Chief Executive Officer Pedro Parente, focuses on accelerating debt reduction and retreating from peripheral businesses such as …

  Aleppo / AFP The United Nations suspended all humanitarian convoys in Syria on Tuesday following a deadly air strike on aid trucks, as fighting intensified after the regime declared an end to a week-long truce. Both Syria and Russia denied they were behind the raid on the convoy near northern city Aleppo, which the Red Cross said killed “around …