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Tesla to invest over $500 million to expand its network of EV fast charging stations 05/13/2024

US Firms' Earnings Delight Is Dented By The Dollar's Relentless Rise 05/10/2024

UK authorities cut stake in NatWest bank below 27 per cent 05/14/2024

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Business & Finance

AstraZeneca to buy China's Gracell for $1.2B

Chinese biotech Gracell Biotechnologies will be acquired by Swedish-British company AstraZeneca for a reported $1.2 billion. In total, AstraZeneca will pay $1 billion, plus an additional $200 million upon the achievement of specific regulatory requirements. It is anticipated that the deal would...

Bayer wins first court victory in Roundup herbicide case

A trial court in San Benito County, California, has rendered a decision in support of Bayer Chemical Corporation, a company that was accused of causing cancer through its Roundup herbicide. The plaintiff's cancer was not deemed to be related to the usage of this herbicide, according to the court....

Blue Origin bids to buy aerospace company United Launch Alliance

American aerospace companies Boeing Co. and Lockheed Martin have received offers from Jeff Bezos' Blue Origin and private equity firm Cerberus to buy launch vehicle manufacturer United Launch Alliance (ULA), the Wall Street Journal writes. The amounts of the bids made by Cerberus and Blue Origin...

Toshiba leaves Tokyo Stock Exchange, goes private

On December 20, the Tokyo Stock Exchange delisted Toshiba's industrial conglomerate's shares, according to the Financial Times. After being listed on the stock exchange for 74 years, the corporation accepted a buyout offer in March worth 2 trillion yen, or $14 billion, from a group of investors...

Chile's SQM and Australia's Hancock to buy lithium producer Azure for $1.1B

Australia's wealthiest woman, Gina Rinehart, owns Hancock Prospecting Pty., which is owned by the Chilean business Sociedad Quimica & Minera de Chile SA (SQM), and together they have made a formal offer to purchase Australian lithium producer Azure Minerals Ltd. For the business, they made an...

Asian Consumers Of Fertiliser Avoid China, A Major Exporter, As Restrictions Get Tighter

Asian fertiliser customers are looking for alternatives to Chinese suppliers due to worries that the largest exporter in the world has become an increasingly untrustworthy provider as a result of shipments being halted to safeguard its own market, according to importers and analysts. China...

Pfizer Rests Its Forecast For COVID Related Sale For 2024 Causing Shares To Fall

Pfizer predicted that its revenues in 2024 may fall by as much as $5 billion from Wall Street estimates. Top officials claimed that this move gave a more trustworthy picture of the company's COVID-19 business than they had given this year, which caused shares to drop to a 10-year low. ...

EV Charger Station Companies Compete For Top Sites In The US And Europe

Electric vehicle charging companies have begun to battle it out for prime locations for fast public chargers in both Europe and the US. Industry observers anticipate additional rounds of consolidation as major investors join the war. Long-term investors support a large number of the EV...

Apple Proposes To Provide Competitors With Tap-And-Go Technology In An EU Antitrust Case

Apple has offered to let competitors access to its tap-and-go mobile payment systems, which are used for mobile wallets. This might resolve EU antitrust allegations and avert a potentially large fine, according to a Reuter's report quoting information from sources with knowledge of the matter....

Saudi Aramco to buy 40% of oil products distributor in Pakistan

Saudi Aramco announced that it has finalized an agreement to purchase a 40% share in Gas&Oil Pakistan Ltd. ("GO"). GO is a convenience shop, gasoline, diesel, and lubricant operator with 1,100 gas stations in Pakistan. The transaction, which will mark Aramco's debut in Pakistan's retail sector,...