As the EU considers a new agreement between Germany's Lufthansa and Italian rival ITA Airways, the CEOs of Ryanair and British Airways owner IAG stated on Wednesday that further airline consolidation in Europe is required to maintain the industry's competitiveness.   IAG CEO Luis Gallego...

AstraZeneca, a pharmaceutical business, announced in a news release that it has signed a deal to purchase Fusion Pharmaceuticals, a US-based company that specializes in the development of radiopharmaceuticals. Each Fusion share will receive $21 in cash from AstraZeneca. If certain milestones are...

According to MarketWatch, the market valuation of all businesses worldwide engaged in the manufacture of electric vehicles is currently approximately $700 billion, having dropped from their peak values by almost $1.5 trillion. About 75% of the $521 billion total capitalization of the industry is...

Vodafone Italia, the Italian branch of British corporation Vodafone, is being acquired by Swiss telecom provider Swisscom for a sum of €8 billion. A press release from Swisscom states that the entire transaction would be paid for using cash. Swisscom intends to combine Vodafone Italia and...

According to the Financial Times, a group of shareholders of Swiss Nestle, the world's biggest supplier of food and soft drinks, suggested adding a resolution on lowering the proportion of unhealthy items in the company's sales volumes to the agenda of its annual shareholder meeting. Specifically,...

Adidas, the German sportswear giant, announced its first yearly loss in almost 30 years on Wednesday and issued a warning that North American sales would decline once more due to the high inventory levels facing American sportswear retailers.   After severing ties with Kanye West in October...

Ola Kallenius, CEO of the Mercedes-Benz Group, has urged the European Union to reduce import taxes on Chinese electric vehicles rather than attempting to shield European producers. “Don't bring up the duties. I believe that we should take the opposite stance and reduce the tariffs that are already...

Thursday saw Novo Nordisk overtake Tesla Inc. in terms of market valuation following the release of encouraging early trial results for a much awaited new obesity medication by the manufacturer of the well-known weight-loss medication Wegovy.   Novo Nordisk's shares experienced a significant...

US electric vehicle manufacturer Tesla Inc. is boosting demand in the fiercely competitive sector by offering new incentives to Chinese consumers. The business announced the new regulations on the social media platform Weibo, affecting Model 3 and Model Y vehicles. In particular, Tesla is...