Business & Finance News
Italian broadcaster Mediaset will hold a special shareholder meeting to try and reach agreement with Vivendi over its plan to set up a holding company, the Italian firm said on Friday, as the pair head to court to try and resolve their dispute.
An Italian judge has pushed back to Nov. 29 a deadline to settle a dispute between Italian private broadcaster Mediaset and its number 2 shareholder French media group Vivendi , two legal sources said on Friday.
AstraZeneca shares rose 2.7% on Friday after the British drugmaker won earlier-than-expected U.S. regulatory approval for a leukemia drug, in a challenge to rival AbbVie .
Can we have it both ways? For two decades, trade expansion has fueled rapid global economic growth. But with trade volumes contracting at a rate of more than 1% year-on-year and the Sino-U.S trade war nearing its two-year anniversary, world growth will plumb decade-lows next year, the Organisation for Economic Co-Operation and Development predicts.
The board of Rolls-Royce must urgently address its engine performance problems, the head of Dubai’s Emirates said, as the world’s largest buyer of wide-body jets weighs up who will power its order of Boeing 787 jets.
U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers showed on Friday in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds.
Makers of aircraft parts are making contingency plans for a prolonged grounding of Boeing’s 737 MAX, with several expecting the jet’s return to service to take longer than the planemaker hopes.
Consumer goods giants Unilever and Henkel and buyout funds including Advent and Cinven are exploring bids for some of Coty’s top beauty brands in a deal worth up to $7 billion, three sources told Reuters.
Technology company Prosus remains confident about its bid for British meal delivery business Just Eat , Chief Executive Bob van Dijk said on Friday, despite an increase in the value of rival Takeaway.com’s all-share bid.
Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company’s shares lower.
Wall Street was set to open higher on Friday as latest comments from China and U.S. President Donald Trump lifted hopes of a trade deal after conflicting headlines this week knocked stock indexes off record highs.
U.S. President Donald Trump said on Friday that a trade deal with China is “potentially very close” and that he stands with both the people of Hong Kong and Chinese President Xi Jinping amid massive protests in Hong Kong.
Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.
South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline.
Uber is waiting to find out whether its taxi license in London, one of its most important markets, will be renewed, just three days before it is due to expire in the latest stage of a long-running battle with the city’s transport regulator.
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