Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.AstraZeneca has agreed to buy its first vaccine company in a deal worth up to $1.1bn, as the UK pharma group expands the infectious disease division it set up during the coronavirus pandemic. The Anglo-Swedish drugmaker said on Tuesday that it had struck a deal for Seattle-based Icosavax, which has a potential vaccine for two common respiratory diseases that can cause severe illness in older adults: respiratory syncytial virus (RSV) and human metapneumovirus. If it succeeds in a phase 3 trial, the vaccine would…
© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 6, 2023. REUTERS/Staff/File Photo (Reuters) – European shares inched up on Tuesday as investors drew comfort from softer-than-expected UK wage growth data and looked forward to a crucial U.S. inflation report later in the day. The pan-European was up 0.1% as of 0814 GMT and is eyeing a three-day winning streak. British wage growth slowed more than expected in the three months to the end of October, steering a 0.4% gain in UK’s benchmark index. All eyes will now be on…
© Reuters. FILE PHOTO: People check new products of Xiaomi ahead of the 2023 Mobile World Congress in Barcelona, Spain February 26, 2023. REUTERS/Nacho Doce/File Photo By Yelin Mo and Brenda Goh BEIJING (Reuters) – Chinese smartphone maker Xiaomi (OTC:) said on Tuesday a senior Huawei executive had seriously misrepresented facts when he claimed that rival firms were not fully respecting patents. Yu Chengdong, who runs Huawei’s consumer products and auto businesses, referred to “dragon bone” technology when he complained about patent infringement at a company event last week. Although he did not mention Xiaomi by name, Xiaomi touted its…
4/4 © Reuters. A delegate looks on at the United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates, December 11, 2023. REUTERS/Thomas Mukoya/ File photo 2/4 By Valerie Volcovici, Jake Spring and Kate Abnett DUBAI (Reuters) – The COP28 climate summit was hurtling towards overtime early on Tuesday, with negotiators awaiting a new draft deal after many countries criticised a previous version as too weak because it omitted a “phase-out” of fossil fuels. Countries gathered at the Dubai summit are attempting to agree on a global plan of action to limit climate change fast enough to avert more…
Epic Games wins antitrust fight against Google over app store monopoly
Federal authorities arrested a New Hampshire man, charging him with threatening to kill Vivek Ramaswamy and his supporters, the Justice Department said on Monday.Prosecutors said Tyler Anderson, a 30-year-old from Dover, threatened to kill Mr. Ramaswamy, a businessman and Republican presidential candidate, and attendees of a campaign event planned on Monday in nearby Portsmouth. The threats were made as replies to an automated campaign message inviting Mr. Anderson to attend the event, according to images of the texts included in court documents. His messages implied that the threat would be carried out with a firearm.Mr. Anderson was arrested on Saturday…
Lawrence H. Summers once served as Harvard’s president. He told Bloomberg that Harvard’s antisemitism row would be as tough to manage as the Vietnam War. “Perhaps more difficult,” Summer said. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app An ex-Harvard president says that managing the ongoing row about on-campus antisemitism is a serious reckoning for the Ivy League university.”This is as difficult a moment for elite higher education as any moment since the Vietnam War. Perhaps more difficult,” former treasury secretary Lawrence H. Summers told Bloomberg…
Stay informed with free updatesSimply sign up to the UK companies myFT Digest — delivered directly to your inbox.China’s UK business community sees 2024 as a “pivotal year” for Beijing to address growing concerns over its flagging economy and investment environment, the British Chamber of Commerce said on Tuesday. The chamber’s survey of British companies showed that while sentiment had improved from record levels of pessimism last year, 60 per cent of respondents still believed business was more challenging than in 2022, when harsh Covid-19 restrictions decimated the economy. With foreign direct investment under pressure, Beijing has unveiled a 24-point policy document…
© Reuters. FILE PHOTO: An aerial view of the Bemol Solar plant outside Manaus, Amazonas state, Brazil August 23, 2021. Picture taken with a drone August 23, 2021. REUTERS/Bruno Kelly By Sarah McFarlane and Susanna Twidale DUBAI/LONDON (Reuters) – More than 100 countries at the COP28 climate summit in Dubai have agreed to triple renewable energy capacity by 2030 – one of the least controversial commitments floated at the conference. But they have given little detail on how they can make an industry running flat out go that much faster. “It is realistic, but there are elements that need to…
© Reuters. FILE PHOTO: Australian dollars are seen in an illustration photo February 8, 2018. REUTERS/Daniel Munoz (Reuters) – Perpetual Ltd’s top investor, Australian diversified investment firm Washington H. Soul Pattinson and Company (WHSP), has increased its stake in the company to 11.66%, according to an exchange filing on Tuesday. The stake increase comes after the fund manager rejected WHSP’s A$3.1 billion ($2.04 billion) takeover offer last week. ($1 = 1.5165 Australian dollars)