Business & Finance News
Kering, owner of brands including Gucci, will tighten its grip on its e-commerce operations, focusing on its own branded sites to sell its luxury products or ventures where it can control its image and client data.
Private equity-backed generic drugmaker Stada said on Friday it would buy six consumer healthcare products from British drugmaker GlaxoSmithKline to bolster its presence in Europe.
Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world’s second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds ($4.45 billion).
Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive Akbar al-Baker told Reuters.
Sanofi has appointed Novartis executive Paul Hudson to replace CEO Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday.
Italy’s Industry Minister Luigi Di Maio blamed the French state for derailing merger talks between Fiat Chrysler and rival Renault saying Paris had come out poorly in the situation.
French pharma giant Sanofi has appointed Paul Hudson as chief executive to replace Olivier Brandicourt, who will retire in September, the company said on Friday.
Asian shares were slightly higher on Friday on expectations global central banks will soon embark on an easing cycle in the face of international trade frictions and fears of a world recession.
Carmakers and policymakers in Europe are staking their futures on a race to electric vehicles. But the vast charging network needed to sustain their vision is patchy, and it’s not clear who’ll pay for it.
French pharma giant Sanofi appointed Paul Hudson as chief executive to replace Olivier Brandicourt, who will retire in September, the company said on Friday.
Toyota Motor Corp aims to have half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and said it will tie up with Chinese battery makers to accommodate an accelerated shift to electric power.
Facebook Inc is no longer allowing pre-installation of its apps on Huawei phones, the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a U.S. ban on its purchase of American parts and software.
Swiss pharmaceuticals giant Novartis named Marie-France Tschudin head of its main drugs business after its previous manager, Paul Hudson, was poised to take the CEO position at French drugmaker Sanofi.
Toyota Motor Corp will launch an ultra-compact, battery-powered car that seats two by next year and will tie up with Chinese battery maker CATL, it said on Friday, to accommodate an accelerated shift to electric vehicles.
Alphabet Inc’s Google has warned if the U.S. administration moves ahead with sweeping ban on Huawei Technologies Co Ltd, it risks compromising national security, the Financial Times reported on Thursday.
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