News

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Sat, 14 Dec 2019 09:21:58 GMT

Bristol-Myers wins $752M patent case

On Friday, Bristol-Myers proclaimed victory against Gilead Sciences in the $752M cancer treating technology patent case.

Sat, 14 Dec 2019 07:57:16 GMT

Aston Martin talks with potential investors

Aston Martin, the British luxury carmaker, said in a statement on Friday that it was talking with potential investors, as part of its review of funding requirements.

Sat, 14 Dec 2019 06:55:09 GMT

Beijing officials say US will phase out tariffs

On Friday, the Chinese officials said that the United States has agreed to lower tariffs on some of China's imports goods under phase one of the trade agreement with China.

Sat, 14 Dec 2019 05:59:05 GMT

Orban layout conditions for EU 2050 agreement

Viktor Orban, the Hungarian Prime Minister, said that Budapest was ready to sign up to the EU 2050 climate agreement, as far as poorer nations did not bear the burden of the cost of emission reduction.

Sat, 14 Dec 2019 04:57:03 GMT

German federal police arrest two bankers

On Friday, Frankfurt state prosecutors announced that the German police arrested two bankers over their involvement in a $422M tax fraud at a German bank.

Sat, 14 Dec 2019 03:41:08 GMT

US agrees to modify tariffs on Chinese goods

According to a statement from the USTR on Friday, the United States has agreed to reduce tariffs on some of China's imports goods.

Sat, 14 Dec 2019 03:30:26 GMT

Johnson calls for unity to heal Brexit divisions

In a speech outside 10 Downing Street on Friday after winning a landslide victory at the general election, the UK PM Boris Johnson urged Britain to let the healing begin after years of angry debate over Brexit.

Fri, 13 Dec 2019 20:51:36 GMT

Sweden's CB to launch digital currency project

The Central Bank of Sweden announced that it would sign an agreement with consultancy company Accenture to launch pilot platform for the e-krona digital currency.

Fri, 13 Dec 2019 19:50:04 GMT

Mothercare keep UK presence within Boots deal

Mothercare agreed to supply baby care and other products to Boots stores in the UK, keeping goods on Britain's shelves after the retail network's collapse in its home market.

Fri, 13 Dec 2019 18:41:24 GMT

Aston Martin in talks with investors

The UK carmaker Aston Martin was in early stage negotiations with potential investors over building longer term relationships within a funding review.

Fri, 13 Dec 2019 18:18:58 GMT

Klarna to open tech hub in Berlin

One of the leading payment providers Klarna announced its plans to open a technical hub in Berlin at the beginning of 2020.

Fri, 13 Dec 2019 16:40:28 GMT

Norway's Telenor selects Ericsson for 5G

Norway's Telenor has selected Sweden's Ericsson as its major technology provider for the 5G telecoms network, it reported on Friday, abandoning China's Huawei after ten years of collaboration with the firm over 4G.

Fri, 13 Dec 2019 15:55:53 GMT

Cadillac plans cars shifting to electric by 2030

The President of General Motors's Cadillac luxury brand is seeing a majority, and potentially all, of Cadillac's models to become electric, rather than gas, vehicles by 2030.

Fri, 13 Dec 2019 15:39:32 GMT

UK's Corbyn prepared to remain as leader until 2020

On Friday, Britain's Labour Jeremy Corbyn stated he was prepared to stay as a leader until the next year unless the party chooses new successor.

Fri, 13 Dec 2019 13:47:39 GMT

SoftBank-backed OneConnect raises about $312M

On Thursday, Ping An Insurance's OneConnect Financial Technology reported it had raised around $312M in the US initial public offering, bring the company's value to about $3.7B.

Fri, 13 Dec 2019 12:44:50 GMT

PSA plans supervisory board meeting on FCA deal review

The French carmaker PSA was likely called its supervisory board meeting on Tuesday to discuss potential merger deal with its rival Fiat Chrysler, Reuters reported on Thursday.

Fri, 13 Dec 2019 11:44:08 GMT

Japan's Hoya to make $1.4B counter-bid for Toshiba's NuFlare

On Friday, Japan's Hoya Corp announced it would launch a $1.4B counter-bid for Toshiba's unit NuFlare Technology, which the electronics giant seeks to buy out.

Fri, 13 Dec 2019 10:41:49 GMT

Boris Johnson wins elections

On Friday, the Prime Minister of the United Kingdom Boris Johnson's party won the general elections with a large majority. Due to that reason, a Brexit is expected by January 31.

Fri, 13 Dec 2019 09:52:12 GMT

European shares surge amid UK election results

Shares of the majority of companies listed on the London Stock Exchange soared up on Friday morning amid convincing victory of the UK Conservatives in the general elections.

Fri, 13 Dec 2019 09:12:35 GMT

Election outcome removes uncertainty, says de Guindos

The European Central Bank's VP Luis de Guindos stated on Friday that Boris Johnson's victory eliminated the ambiguity about the future of Brexit.

Fri, 13 Dec 2019 04:53:40 GMT

Adobe beats estimates for Q4

Adobe beat Wall Street estimates for revenue and profit in the Q4 amid higher subscriptions in core digital media business, ending shares up 2.7% after the bell.

Fri, 13 Dec 2019 03:52:58 GMT

GIC to buy EU logistics properties

Singapore's GIC signed a deal to buy a portfolio of logistics real estate from funds managed by Apollo Global Management's affiliates for about $1B.

Fri, 13 Dec 2019 03:37:47 GMT

China to buy $50B US farm products

The White House agreed to suspend some of tariffs on China's goods in return for the country's pledge to increase purchases of the US farm products next year.

Thu, 12 Dec 2019 20:41:20 GMT

3M plans drug delivery business sale worth $650M

On Thursday, the industrial conglomerate 3M announced it was planning a sale of the drug delivery business in a deal with Altaris Capital Partners worth about $650M on the back of its plan to cut non-core assets.

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