International Companies
Nordgold confirms London IPO plan
Nordgold has confirmed its intention to return to the London Stock Exchange after receiving a positive response from potential investors.
US government to spend $1.2bn on Merck Covid drug
The US government has committed to spending $1. 2bn on nearly 2m courses of Merck’s experimental Covid treatment, the American drug firm said on Wednesday.
Inditex recovery on track as first-quarter sales beat forecasts
Inditex reported first-quarter profits ahead of expectations on Wednesday, as the Spanish retail giant’s recovery from the pandemic continued.
Google bows to pressure and allows default search engines on Android devices
Google has announced it will allow rival search engines to become the users’ default option on its Android devices.
Relativity Space raises $650m in funding, valuation hits $4.2bn
Relativity Space raised $650m through a Series E funding round in a transaction that values the 3D-printed rocket startup at $4. 2bn.
Biogen shares soar as FDA approves Alzheimer's drug
Shares in Biogen closed nearly 40% higher after the biotech’s breakthrough Alzheimer’s drug received regulatory approval in the US.
Vast majority of Covid-19 patients hospitalised were unvaccinated
The overwhelming majority of Britons admitted to hospital after infection with the so-called Delta strain of Covid-19 were unvaccinated.
Airbus delivers 50 jets in May, announces Lufthansa A350 order
Airbus delivered 50 airplanes in May, bringing its total so far in 2021 to 220 jets and announced a new order for five A350 aircraft from Lufthansa.
Goldman cuts Lufthansa to 'sell', upgrades easyJet
Goldman Sachs has overhauled its European airline coverage, upgrading easyJet to ‘buy’ but downgrading British Airways owner International Airlines Group and Lufthansa.
Samsung banks on EU 5G orders to grow network equipment business
Samsung Electronics is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said on Tuesday.
Nvidia asks Chinese regulators for approval of $40bn Arm deal
Nvidia Corp submitted an application to Chinese competition regulators to review its proposed $40bn takeover of UK chip designer Arm, the Financial Times reported on Tuesday,.
Jeff Bezos to fly to space in July
Amazon founder Jeff Bezos announced on Monday that he and his brother will be flying to space next month.
Google to change global ad practices in landmark antitrust deal
Google announced on Monday that it would change its global advertising practices after caving into pressure from French antitrust authorities for the first time.
Tesco and Carrefour will not renew their purchasing alliance
French supermarket group Carrefour and UK retailer Tesco announced on Monday that they would not extend their purchasing alliance.
TikTok allows itself to collect biometric data on US users
A change to TikTok’s US privacy policy on Wednesday introduced a new section that allows the app to collect biometric data on US users.
UK and EU open separate competition probes against Facebook
Facebook faces two separate probes from the UK and EU regulators which both opened investigations over alleged monopolistic behaviour in its use of advertising data.
SoftBank invests up to $150m into Mexican platform GBM
SoftBank has invested in Grupo Bursátil Mexicano (GBM) up to $150m, the Mexican company announced on Friday.
UK approves Pfizer-BioNTech Covid-19 vaccine shot for use in 12-15 year olds
Britain has approved the Covid-19 vaccine jointly developed by Pfizer-BioNTech for use in children ages 12 to 15.
Jack Ma's Ant Group gets approval to operate consumer finance firm
The Chinese government approved Ant Group's request for a licence to operate a new consumer finance company in which it will hold a 50% stake.
Space debris firm LeoLabs raises $65m as increased number of satellites launched into orbit
Space debris firm LeoLabs has raised $65m in capital in a new fundraising round as an increasing number of satellites are constantly being launched into orbit.