International Companies
Washington claims Huawei and Hikvision backed by Chinese military
The Trump administration determined that top Chinese firms, including Huawei Technologies and Hikvision are owned or controlled by the Chinese military forces, reported Reuters on Thursday.
SoftBank raises $14.8bn from T-Mobile share sale
SoftBank raised $14. 8bn through the sale of shares in US-listed T-Mobile as it seeks to raise up to $20bn in cash by disposing of its stake in the wireless telecommunications carrier.
Washington prepares to place tariffs on $3.1bn of EU exports
Washington is weighing imposing tariffs on $3. 1bn-worth of exports from France, Germany, Spain and the UK.
AutoNation or CarMax could buy Hertz, analysts suggests
Hertz shares jumped after an analyst suggested car dealers AutoNation or CarMax could step in to buy the stricken auto-hire company out of bankruptcy.
CMA clears Amazon investment in Deliveroo
The Competition and Markets Authority has provisionally approved Amazon’s 16% investment in food delivery company Deliveroo, saying it's unlikely to lead to a substantial lessening of competition.
UK airports warn of 20,000 job losses, call for end to quarantine
UK airports face up to 20,000 job losses as the sector faced a significant decline in passenger numbers post-Covid 19, the industry body warned on Wednesday as it called for government help.
Wirecard shares tumble further after Braun stake sale
Wirecard shares fell again after the company's former chief executive was reported to have sold 5. 5m shares in the scandal-ridden payments company to meet obligations under a loan agreement.
Former Wirecard CEO Markus Braun arrested - reports
The former chief executive of German payments processor Wirecard has been arrested on suspicion of accounting fraud.
Bayer jumps after Handelsblatt reports Roundup settlement imminent
Shares of German chemicals giant Bayer shot higher on the back of reports that a legal settlement over claims related to the cancer-causing weed-killer, Roundup, which it had inherited from America's Monsanto.
Google employees demand firm stop selling wares to police
Over 1,666 Google employees are demanding that the company stop selling its technology to police departments, TechCrunch has learned.
Inovio secures $71m funding boost for potential Covid-19 vaccine
Shares in Inovio Pharmaceuticals jumped on Tuesday after the US biotechnology outfit secured a $71m government contract to help support its work on a potential Covid-19 vaccine.
Italian authorities arrest Siemens, Alstom executives
The Italian tax police arrested 13 people, including executives of the Italian units of Germany’s Siemens and France’s Alstom, over alleged bribery in the concession of contracts for Milan's subway.
Mastercard to buy Finicity for $825m
Mastercard has agreed to buy Finicity, a US provider of real-time access to financial data and insights, for $825m.
Poundland owner Pepco interims slide on Covid-19 impact
Poundland owner Pepco Group reported a fall in interim profits as the coronavirus pandemic hit sales with customers still wary of going into stores even after the easing of lockdown measures.
Antibody levels of Covid-19 patients decline quickly, small study shows
Levels of antibodies in people who have suffered Covid-19 reportedly falls sharply in the two to three months following their infection, a study showed, although the implications for patient immunity were unclear.
Gilead Sciences to test inhaled version of Covid-19 treatment, Remdesivir
US biotechnology giant Gilead Sciences will start testing an inhaled version of its treatment for Covid-19, Remdesivir, in August.
Wirecard says missing €1.9bn likely does not exist
Wirecard said on Monday that it’s likely the €1. 9bn missing from its accounts does not exist.
France to cut shortest-haul air routes in favour of rail
'Normality' in short-haul travel in the euro area's second-largest economy will be redefined as a result of the Covid-19 pandemic.
Nokia axing 1,233 jobs at French subsidiary Alcatel
Telecoms giant Nokia is planning a cut of 1,233 employees at its French subsidiary Alcatel-Lucent International, the company said on Monday.
Tesla requests $68m property tax abatement to build Texas gigafactory
Tesla is seeking up to $68m in property tax abatement from a Texas school district to build a factory that will be used to produce Model Y crossovers for the East Coast market as well as its upcoming Cybertruck pickup.