Article content (Bloomberg) — Sanofi agreed to buy Provention Bio Inc. in a $2.9 billion deal intended to bolster the French drugmaker’s portfolio of diabetes medicines with a new therapy recently approved in the US. Article content The takeover builds on an agreement between the two companies for the commercialization of the drug, a monoclonal […]
Article content German airline passengers faced disruption on Monday, with scores of flights canceled at Berlin airport as ground staff went on strike over pay. Article content Hamburg, Hanover and Bremen airports are also affected by walkouts and flight cancellations. The Verdi labor union is pushing for improved pay and conditions as workers grapple with […]
Breadcrumb Trail Links PMN Business China reappointed several top economic officials in a leadership reshuffle Sunday, giving investors greater continuity as Beijing overhauls financial regulation and grapples with escalating tensions with the US. Author of the article: Bloomberg News Bloomberg News Published Mar 12, 2023 • 4 minute read Join the conversation f8vu7)kw]pg22osm[0an5cqq_media_dl_1.png Bloomberg RSS […]
Article content (Bloomberg) — Saudi Aramco followed oil-producing rivals by reporting blowout annual earnings and increasing its dividend, though its profit dipped in the fourth quarter as high interest rates slowed major economies. Article content The world’s biggest energy company made net income of $161 billion in 2022, the most since it listed in Riyadh […]
Breadcrumb Trail Links PMN Business France’s troubled nuclear industry is supposed to be in revival, but the discovery of further defects at some reactors this week is stoking fears that the year ahead could be just as difficult as the last. Author of the article: Bloomberg News Francois de Beaupuy, Celia Bergin and Todd Gillespie […]
Breadcrumb Trail Links PMN Business (Bloomberg) — Germany is approaching the end of the first quarter with a sense of quiet optimism that its crisis of 2022 has been consigned to history. Author of the article: Bloomberg News Craig Stirling and Harumi Ichikura Published Mar 11, 2023 • 3 minute read Join the conversation qg)9pk1hp)pbjctc4]rbpeqd_media_dl_1.png […]
Article content (Bloomberg) — European Union member states and the parliament struck an accord to increase energy efficiency across the economy as part of plans to cut emissions and diversify away from Russian oil and gas. Article content The two sides agreed to reduce energy consumption by 11.7% by the end of the decade. While […]
Article content (Bloomberg) — European Commission President Ursula von der Leyen condemned what she called Russia’s “indiscriminate” missile attacks on Ukraine and said the Kremlin’s “deliberate targeting” of civilians and energy infrastructure is a war crime. Ukrainian President Volodymyr Zelenskiy said that Russia’s “massive” missile barrage had killed six Ukrainians Thursday. It also triggered temporary […]
Article content (Bloomberg) — The Canadian pension fund signed up for two floors in Henderson Land Development Co.’s new Hong Kong office building, according to people familiar with the matter, a win for the developer amid record-high vacancy for skyscrapers in the Asian financial hub. Article content Canada Pension Plan Investment Board will move from […]
Article content (Bloomberg) — Norway’s inflation slowed last month more than expected, reducing the room for bets the central bank will need to opt for a stronger and longer interest-rate tightening, and prices in Denmark showed a similar trajectory. Article content Norway’s headline inflation rate declined on year to 6.3% in February, versus the median […]