International Companies
Trump fires latest salvo in proposed TikTok deal with Oracle and Walmart
US president Donald Trump has warned that the White House could block TikTok’s proposed tie-up with Oracle and Walmart if ByteDance seeks to retain overall control.
Microsoft to buy Bethesda parent ZeniMax Media for $7.5bn
Microsoft said on Monday that it has agreed to buy ZeniMax Media, the parent of game developers Bethesda Softworks, for $7. 5bn in cash.
HSBC hits 25-year low as allegations add to pressures
HSBC shares fell to a 25-year low as Britain's banks were affected by allegations of moving illicit money as well as renewed pressure from the resurgence of Covid-19.
UK plans to bring forward ban on fossil fuel vehicles to 2030
The UK government is expected to bring forward the ban on fossil fuel vehicles from 2040 to 2030 after MPs urged the Prime Minister to do so and thus aid the rollout of electric cars.
Unilever's Dutch shareholders back proposed unification
Unilever’s Dutch shareholders have voted to end the company’s historic dual-structure in favour of a single entity based in London.
Illumina to take back control of Grail in $8bn deal
US healthcare firm Illumina is to take full control of blood test specialist Grail in a $8bn cash and stock deal, it was announced on Monday.
Nikola shares plummet after founder and chairman steps down
Nikola shares plummeted further after the company's executive chairman and founder announced that he would be stepping down.
AstraZeneca 'under fire' for vaccine safety, NYT says
AstraZeneca disclosed details of its Covid-19 vaccine trials at the weekend to address criticism around pharmaceutical companies' transparency and avoid the risk of engendering skepticism in the public about the safety of any potential vaccines.
EU agrees to purchase Sanofi/GSK Covid-19 vaccine
The European Union agreed an advance purchase agreement with Sanofi and GlaxoSmithKline for the companies' potential Covid-19 vaccine.
Salesforce set to add 12,000 jobs by 2021
Salesforce. com is set to create 12,000 jobs over the next year, including 4,000 positions in the coming six months, Chief Executive Officer, Marc Benioff, said in a tweet on Friday.
White House bans WeChat in US past 19 September, Tik Tok spared for now
The US government has ordered a ban on the continued distribution of Chinese-made mobile apps WeChat and TikTok to stymie the potential use of data gathered on American citizens' personal data to undermine the country's national security.
Roche rises after launch of Covid-19 antibody test
Roche shares rose to a three-month high after the Swiss drugmaker launched a Covid-19 antibody test and said its drugs reduced the need for coronavirus patients to use ventilators.
Covestro says it is not in takeover talks with Apollo
Covestro, a German plastics maker, has said it is not in talks to be bought by US private equity firm Apollo Global Management.
NatWest mulls wind-down of Ulster Bank in Republic - report
NatWest is considering winding down Ulster Bank's operations in the Republic of Ireland after the Covid-19 crisis made the task of reviving the business harder, according to a report.
Caixabank agrees to buy Bankia for €4.3bn
CaixaBank has agreed to buy its rival Bankia for about €4. 3bn (£3. 9bn) to forge Spain's biggest domestic lender in a deal prompted partly by the Covid-19 crisis.
Interim trial data for Moderna Covid-19 vaccine expected in November, perhaps October
Moderna will seek emergency use approval for its Covid-19 vaccine candidate if its proves to be at least 70% effective in the ongoing phase three clinical trials.
Martin Franklin-backed blank cheque company to launch on London market - report
A group of investors are poised to float a special purpose acquisition company on the London Stock Exchange, with the intention of raising $750m.
Deloitte fined record £15m for failings in audits of its software company
Deloitte was fined a record £15m fine over failings regarding audits of its software company Autonomy between 2009 and 2011.
US database specialist Snowflake rockets on first day of trading
Shares in Snowflake were being called to start trading at as high $175, or 46% above the price set for their initial public offering.
Eli Lilly monoclonal antibodies may reduce Covid-19 hospitalisations, study shows
Monoclonal antibodies being trialled by Eli Lilly appeared to help some patients rid themselves of the Covid-19 vrius more quickly.