Uber’s London license hangs in the balance on expiry day
London’s transport regulator said on Monday it has yet to decide on whether to renew Uber’s operating license in the city after a media report said the taxi app would lose its right to take rides in Britain’s capital.
Trade optimism lifts world shares
World shares staged a cautious rally on Monday as investors held out for some progress in U.S.-China trade talks, while the dollar dipped after its latest rally on the back of strong U.S. economic data.
LVMH aims to restore Tiffany’s sparkle with $16.2 billion takeover
Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet, as the French luxury goods maker bets it can restore the U.S. jeweller’s lustre by investing in stores and new collections.
China’s electric vehicle market to see sales rebound next year, executives say
China’s new energy vehicle (NEV) market is likely to see a sales rebound next year as automakers roll out more new products to lure buyers, but more supportive government policies are needed, auto executives said.
Oil gains on U.S.-China trade talks optimism
Oil prices rose on Monday as positive comments from the United States and China rekindled hopes in global markets that the world’s two largest economies could soon sign an interim deal to end their bitter trade war.
SoftBank-backed Paytm raises $1 billion in fresh funding
Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors including existing backers SoftBank’s Vision Fund and China’s Ant Financial Services in a deal valuing the firm at $16 billion.
Novartis takes on Sanofi, Amgen with $9.7 billion takeover of heart drug maker
Swiss drugmaker Novartis is betting on heart drug prospect inclisiran in a $9.7 billion takeover of The Medicines Co as it challenges cardiovascular medicines from Amgen Inc , Sanofi and Regeneron Pharmaceuticals .
LVMH to buy U.S. jeweler Tiffany for $16.2 billion
Louis Vuitton owner LVMH has agreed to buy U.S. jeweler Tiffany for $16.2 billion in the luxury goods maker’s biggest acquisition to date.
Just Eat advises shareholders not to accept Prosus offer
Britain’s Just Eat advised shareholders not to accept a 710 pence-a-share cash offer from Prosus , saying it was inferior to its agreed deal with Takeaway.com to create the largest food delivery player outside China.
China says it hopes U.S. will work on basis of equality in trade talks
China’s foreign ministry said on Monday it hopes the United States will work with Beijing on a basis of equality and mutual respect on the ongoing bilateral trade negotiations.
