International Companies
Amazon to face EU antitrust charges over treatment of third-party sellers
Online retailer Amazon will be formally slapped with antitrust charges by the European Union due to the company's treatment of third-party sellers.
Renault state loan to improve treasury issues
Renault’s recently obtained €5n loan backed by the French state will help improve the group’s treasury issues, Chairman Jean-Dominique Senard on Thursday, according to Reuters.
Top tech companies back plan to crack down on harmful online content
The Technology Coalition, backed by Google, Facebook and Microsoft among other tech giants, is investing millions of dollars into combating online sexual abuse, especially against minors.
Grifols starts production of blood plasma treatment for Covid-19
Spain's Grifols has begun production of its hyperimmune globulin, the first treatment specifically designed for use against SARS-CoV-2.
BioNTech to get 100m euro to support Covid-19 vaccine programme
BioNTech has inked a €100m euro financing deal with the European Investment Bank to support its Covid-19 vaccine programme, BNT162, and in order to ramp up its production capabilities.
Just Eat Takeaway to buy Grubhub of the US for $7.3bn
Just Eat Takeaway has agreed to buy Grubhub of the US for $7. 3bn (£5. 8bn) in an all-share deal to create the world's biggest online food delivery company outside China.
Eli Lilly Covid-19 treatments may be ready by September
Two antibody therapies for Covid-19 from Eli Lilly now undergoing testing may be authorised for use as soon as September - if all goes well.
Snowflake aims for $20bn IPO
Database start-up Snowflake is eyeing a valuation of as high as $20bn in its initial public offering.
US to start studies into three vaccine candidates from July
Authorities in the US are planning to fund and conduct studies into three experimental vaccines for the novel coronavirus, including that being developed by Oxford University's Jenner institute and AstraZeneca.
TikTok CEO and EU discuss disinformation surrounding app
TikTok’s new chief executive Kevin Mayer spoke to EU commissioner Thierry Breton about the fight against disinformation surrounding the popular video app.
Inditex swings to loss as sales slump amid Covid-19
Spanish fashion retailer Inditex said on Wednesday that it swung to a loss in the first quarter as sales slumped amid the Covid-19 pandemic.
Global air industry to lose $84bn in 2020, says IATA
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry for the year on Tuesday, reporting that airlines were expected to lose $84. 3bn (£65. 5bn) in 2020, for a net profit margin of negative 20. 1%.
Sales plunge at Macy's as Covid-19 shuts stores
US retailer Macy’s Inc has tumbled into the red, after the Covid-19 lockdown wiped more than $2bn off quarterly sales.
Opec+ extends production curbs for third month
The Organisation of Petroleum Exporting Countries and its allies have extended their historic production curbs for another month, following a meeting over the weekend.
Nokia's broadband receives boost during Covid-19 crisis
Finnish telecom company Nokia saw a boost in orders for its broadband as network operators moved to upgrade their networks during the Covid-19 pandemic in response to client demand for better network connectivity.
Ryanair will not cancel flights despite 'rubbish' UK quarantine
Ryanair CEO Michael O’Leary said that the airline will not cancel flights to and from the United Kingdom despite the government’s measure to implement a 14-day quarantine for international travellers.
Abu Dhabi sovereign fund to invest $1.2bn in Reliance Jio Platforms
Abu Dhabi-based sovereign wealth fund Mubadala announced a $1. 2bn investment in Mukesh Ambani’s Reliance Jio Platforms, joining five American investors including Facebook and Silver Lake.
China's aviation authority to allow more foreign flights after US ban
China’s aviation authority said Thursday it would allow all foreign airlines to choose a city from a pre-approved list to operate one flight a week after the US banned all Chinese carriers from entering the country.
LVMH not considering buying Tiffany shares
LVMH Moët Hennessy Louis Vuitton said on Thursday that it is not considering buying shares of US jeweller Tiffany on the market.
Renault finalises €5bn loan from French government
Renault finalised on Wednesday a €5bn state loan from the French government to help support its finances during the coronavirus pandemic.