International Companies
Netflix to spend $1bn on production in UK in 2020
Netflix is set to raise its spending on production of TV shows and films in the UK to $1bn this year despite the break in filming due to the coronavirus pandemic.
Washington to add China's SMIC and CNOOC to blacklist
The Trump administration is poised to add Chinese chipmaker SMIC and oil and gas producer CNOOC its blacklist.
Moderna to seek regulatory approval for Covid-19 vaccine in US and EU
Moderna will ask authorities in the US for Emergency Use Approval for its Covid-19 vaccine.
S&P Global to buy IHS Markit in $44bn deal
S&P Global has agreed to buy London-based IHS Markit in a deal that values the company at $44bn.
US agency to probe 115,000 Tesla vehicles
US automobile safety officials on Friday said they had opened an investigation into 115,0000 Tesla vehicles over safety issues linked to their suspension systems.
Banco Sabadell gives Goldman mandate to sell TSB
Goldman Sachs has been given the mandate to sell Spanish lender Banco Sabadell's UK unit, TSB.
Biogen and Sage ink $1.5bn deal to develop anti-depression treatments
Biogen has inked a deal with Sage Therapeutics to jointly develop and sell potentially "breakthrough" treatments for major depressive and movement disorders in the US.
CMA to announce plans to limit power of tech giants in UK
The Competition and Markets Authority is set to announce plans to limit the power of Google, Facebook and other tech giants to allow space for competition for smaller businesses.
Sabadell shares slide as merger talks with BBVA end
Shares of Banco de Sabadell tumbled on Friday after it said merger talks with Banco Bilbao Vizcaya Argentaria (BBVA) have ended due to a disagreement over price.
Repsol cuts dividend for 2021 as it plans boost for renewables
Repsol is set to reduce its dividend in 2021 as it plans to wind down its search for oil in a shift to expand its renewable capacity during the next 10 years.
Disney to lay off 32,000 workers in first half of 2021
Disney has upped the number of layoffs it will make in the first half of next year to 32,000 from 28,000.
Tesla to recall more than 9,000 Model X cars
Tesla filed to recall about 9,136 Model X cars, the National Highway Traffic Safety Administration said on Wednesday.
FCC rejects ZTE petition to lift 'national security threat' designation
The Federal Communications Commission rejected Chinese company ZTE’s petition to remove its designation as a “national security threat. ”.
ViacomCBS to sell Simon & Schuster to Penguin Random House owner for $2.2bn
ViacomCBS confirmed on Wednesday that it has agreed to sell publishing business Simon & Schuster to Bertelsmann, the owner of Penguin Random House, for $2. 18bn in cash.
Airlines could lose $157bn in 2020-21 - IATA
Airlines could lose a total $157bn this year and next, the International Air Transport Association warned on Tuesday.
Proof of Covid-19 vaccination may be required for travel, says Qantas
International passengers will only be able to travel on Qantas flights if they have been vaccinated against Covid-19, the airline’s chief executive has suggested.
Airbnb finally files for end-2020 IPO
Airbnb finally filed for its long-awaited initial public offering on Monday and is reportedly aiming to raise $3bn in a transaction that would give it a valuation of $30bn.
Merck to buy Oncolmmune for $425m
Merck has agreed to buy privately-held, clinical-stage biopharmaceutical company OncoImmune for an upfront payment of $425m in cash.
CMA mulling opening investigation into Google 'privacy sandbox' adtech
The UK’s Competitive Markets Authority is mulling whether to open an investigation into Google after receiving a complaint against what a group of companies alleged was an anticompetitive new advertising technology which the search giant was set to roll-out early in 2020.
Danone to cut 2,000 jobs as part of company-wide overhaul
Danone is to cut up to 2,000 jobs, or 2% of its global workforce, as part of a wide-reaching overhaul of the business intended to save more than €1bn by 2023.