International Companies
Inovio Pharmaceuticals's Covid-19 vaccine triggers immune response
Inovio Pharmaceuticals's experimental vaccine against the novel coronavirus was found to be safe in an early stage clinical trial and successfully induced an immune response in the majority of participants in the test.
Ex-UBS investment banker to be next head of Santander UK
The former head of UBS's investment banking operations in Britain will be the next chairman of Santander UK.
Netflix pledges 2% of cash to support black communities in US
Netflix announced it would pledge 2% of its cash holdings to support black communities in the US.
Wirecard's US unit up for sale
Troubled German payment outfit Wirecard's US unit has put itself on the auction block after ist parent company filed for insolvency on 27 June after approximately €1. 9bn (£1. 7bn) of cash on its books went missing.
Uber in talks to buy Postmates for $2.6bn - report
Shares in Uber Technologies jumped on Tuesday after the US company was reported to be in talks to acquire rival delivery service Postmates for $2. 6bn.
FCA lifts ban on Wirecard's UK operation
The Financial Conduct Authority has lifted its ban on trading by Wirecard's UK business, restoring access to cash and payments for millions of users of apps that relied on its services.
Facebook ads boycott over hate speech to go global
Facebook is failing to break an advertising boycott over hate speech on its platform with Diageo, Starbucks and Levi’s becoming the latest corporates to pull their ad dollars.
Boeing jumps as FAA clears 737 Max to resume flight testing
The Federation Aviation Administration cleared the Boeing 737 Max for test flights one year after its grounding.
Single course of Covid-19 treatment to cost $2,340 per patient - Gilead
Gilead Sciences has announced it will charge developed countries $390 a vial for remdesivir, its antiviral drug currently being investigated for use in Covid-19 patients.
Coty to splash out $200m on stake in Kim Kardashian beauty business
US cosmetics group Coty is to take a 20% stake in Kim Kardashian West’s beauty empire after striking a $200m deal with the reality television star.
Wirecard shares jump as purchase talk swirls
Wirecard shares more than doubled after the embattled payments company said its business activities were continuing to operate and speculation arose that rivals might snap up some of its operations.
Airbus to cut the amount of planes it builds by 40% - report
Airbus’s plane output in the next two years is set to be 40% lower than that seen prior to the Covid-19 crisis, it was reported on Monday.
Tesco shareholders vote against CEO Lewis's £6.4m payday
Tesco suffered a heavy defeat at its annual general meeting as more than two-thirds of shareholder votes opposed a £6. 4m payday for departing Chief Executive Dave Lewis.
Verizon cuts Facebook ads in growing boycott
Verizon joined companies such as Ben & Jerry’s and Patagonia in a boycott against Facebook and pulled its ads from the social media platform.
FCA blocks Wirecard as Brussels eyes German regulation
The Financial Conduct Authority blocked Wirecard from doing business in the UK or disposing of assets Brussels called for an inquiry into whether Germany's regulator failed in its supervision of the collapsed payments company.
Amazon acquires start-up Zoox in $1.2bn deal
Amazon acquired self-driving start-up Zoox in a $1. 2bn deal that marks the ecommerce group’s biggest investment into the autonomous vehicle sector.
Roche meets one primary endpoint in 'ipatasertib' prostate cancer study
Roche said a phase three study of its ipatasertib prostate cancer treatment had met a co-primary endpoint but failed to meet a second co-endpoint.
Lufthansa warns of threat to €9bn rescue deal
German flag carrier Lufthansa warned its €9bn bailout could be at risk after its largest single shareholder attacked the deal ahead of a crucial investor vote next week.
German payments processor Wirecard files for insolvency
German payments processor Wirecard said on Thursday that it was filing an application with the district court of Munich to open insolvency proceedings after announcing a €1. 9bn hole in its accounts last week.
Qantas plans 6000 job cuts, $1.9bn raising as part of recovery plan
Qantas is planning to cut 6,000 jobs and raise AUD 1. 9bn as part of its three-year recovery plan as it struggles to cope with the ongoing slowdown in air travel demand in the wake of the Covid-19 pandemic.