Roche, a Swiss pharmaceutical giant, has agreed to a US$7.1 billion deal to acquire Telavant, a biotech company that is developing a promising drug for inflammatory bowel disease (IBD). Telavant is jointly owned by Roivant and Pfizer, two of Roche’s…
PARIS, FRANCE: TotalEnergies has partnered with Corio Generation and Rise Light & Power for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. The Attentive Energy project aims to develop…
AMSTERDAM: Philips’ third-quarter results show improved operational performance, with sales increasing 11% to EUR 4.5 billion and adjusted EBITA increasing to EUR 457 million, or 10.2% of sales. The company’s order book remains strong, and it has raised its outlook…
Just after pulling out of the Web Summit, Google is under scrutiny by Japan’s competition watchdog for allegedly abusing its market power in web search services. The Japan Fair Trade Commission (JFTC) announced on Monday that it would examine if…
Beyonca, an electric vehicle brand jointly owned by French automaker Renault and Chinese carmaker Dongfeng Motor, announced on Monday that it had received an investment from Al Faisaliah Group Holding Company, a Saudi Arabian conglomerate. The deal was signed at…
Samsung SDI, the second-largest car battery maker in South Korea, has signed a 7-year deal with Hyundai Motor Co. to provide batteries for its electric vehicles (EVs) in Europe. The deal, which was announced on Monday, will see Samsung SDI’s…
LONDON, UK: BATM Advanced Communications Limited (LSE: BVC) announced that ADOR Diagnostics Ltd, an associate company of the Group, has secured an investment of $7.5m, of which the Group is contributing $3.5m. Half of the investment is being made on…
China is investigating Foxconn, the world’s largest manufacturer of iPhones, over its tax payments and land use in two provinces, according to Chinese state media. The Global Times reported on Sunday that officials conducted inspections at Foxconn’s businesses in Henan…
SYDNEY, AUSTRALIA: Treasury Wine Estates Limited (TWE), a leading Australian wine company, has welcomed the announcement by the Australian government that a review of tariffs on Australian wine into China will commence and is expected to take up to five…
LONDON, UK: Treatt Plc, the manufacturer and supplier of a diverse and sustainable portfolio of natural extracts and ingredients for the beverage, flavour and fragrance industries, announces that Daemmon Reeve has informed the Board of his intention to retire from…
LONDON, UK: Dispensa Group plc (LON: DISP), the holding company developing a portfolio of international luxury food brands, announced the appointment of Mr Alessandro Colombo as CEO with immediate effect. Mr Colombo, 56, is a highly experienced executive who has…
WhatsApp users can now use two accounts simultaneously on a single Android or iOS device. This new feature eliminates the need for users to log in and out of multiple accounts, or to use workarounds like dual apps or the…