International Companies
Wirecard boss Braun quits with immediate effect
Wirecard's boss has quit the embattled payments company a day after it revealed €1. 9bn (£1. 7bn) had gone missing.
Wirecard CEO suspects missing €1.9bn is fraud
Wirecard's boss said he suspected a large fraud was behind the disappearance of €1. 9bn (£1. 7bn) from the embattled payment's company's bank accounts.
Alibaba and JD.com reach record $136.51bn sales during Chinese shopping event
China’s two biggest e-commerce giants Alibaba and JD. com combined reached a record $136. 51bn of sales through their platforms in 24h during 618, an important Chinese shopping event.
Rio Tinto agrees to publish review into destroyed heritage site
Rio Tinto has agreed to make public a review into its decision to destroy the Juukan Gorge Aboriginal heritage site after political and investor pressure over the botched operation.
Ford to launch driver-assist system to compete with Tesla and GM
Ford is set to launch a new driver-assist system in answer to Tesla’s Autopilot and General Motors’ Super Cruise is called “Active Drive Assist. ”.
Carnival sinks to a $4.4bn quarterly loss
Leisure giant Carnival has plunged into the red and warned of more losses to come, after the Covid-19 pandemic halted its cruise operations.
Former Google CEO claims Huawei undoubtedly spied for Chinese government
Former Google boss Eric Schmidt said that there is ‘no question’ Huawei routed data to Beijing and carried out practices that were not acceptable for national security.
Wirecard shares plunge after €1.9bn goes missing
Wirecard shares plunged after the German payments company said its auditor could not find €1. 9bn (£1. 7bn) of bank deposits and that fraud may have occurred.
Curevac Covid-19 vaccine could get regulatory thumbs-up by mid-2021
German biotechnology outfit CureVac has clinched approval to begin human trials of its Covid-19 vaccine candidate, although even in the best of cases a request for regulatory approval is not expected until early 2021.
PharmaMar shares jump after FDA approves first lung cancer treatment for 22 years
Shares of Spanish biotechnology firm Pharma Mar jumped after receiving approval from US regulators for its treatment against small cell lunch cancer treatment.
EU launches twin competition probe into Apple
The European Commission has launched two separate antitrust investigations into US tech giant Apple, Brussels announced on Tuesday.
Tesla to use Glencore cobalt in new Gigafactories
Electric carmaker Tesla will be expanding its relationship with mining company Glencore and will use its cobalt in the new Gigafactories.
SoftBank confirms it might sell part of its stake in T-Mobile
SoftBank confirmed on Tuesday that it is considering selling part of its stake in T-Mobile.
Progenity sets terms for Nasdaq IPO
Biotech firm Progenity set terms for its proposed initial public offering on Monday, stating it plans to offer 6. 7m shares at a price of $14-16 each.
Hertz to raise up to $500m through share sale
Hertz Global Holdings is to looking to raise up to $500. 0m through an agreed share sale, the ailing car rental group confirmed on Monday.
English housing market bounces back as lockdown eases - Rightmove
The English housing market has rebounded strongly after lockdown restrictions were eased, industry research showed on Monday.
Berlin invests 300.0m euro in Covid-19 maker CureVac
Berlin unveiled a multi-million dollar investment into German biotechnology outfit CureVac, alongside dievini Hopp BioTech, SAP co-founder Dietmar Hopp's holding company.
H&M sees sales collapse as Covid-19 shuts stores
Sales at H&M Group plunged in the second quarter, as the Covid-19 pandemic shut the Swedish retailer’s stores worldwide.
Sinovac says Covid-19 vaccine induced immune response in over 90% of volunteers
Sinovac says that early clinical trial results show that its Covid-19 vaccine candidate may protect people against infections.
Sberbank hails launch of first 'take and go' shop in Moscow
Sberbank hailed the successful launch of its pilot 'Take&Go' store, alongside retailer Azbuka Vkusa and Visa, at Moscow City's Federation Tower.