Germany’s Stada buys six of GSK’s consumer brands, eyes further deals
Private equity-backed generic drugmaker Stada said on Friday it would buy six consumer healthcare products from British drugmaker GlaxoSmithKline to bolster its presence in Europe.
Swiss Re presses ahead with flotation of $4.5 billion British unit
Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world’s second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds ($4.45 billion).
Qatar Airways to seek compensation from Boeing over MAX grounding
Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive Akbar al-Baker told Reuters.
Drugmaker Sanofi appoints Novartis’ Hudson as CEO
Sanofi has appointed Novartis executive Paul Hudson to replace CEO Olivier Brandicourt who will retire in September, France’s biggest drugmaker said on Friday.
France did not come out well in FCA-Renault deal: Italy’s Di Maio
Italy’s Industry Minister Luigi Di Maio blamed the French state for derailing merger talks between Fiat Chrysler and rival Renault saying Paris had come out poorly in the situation.
Asia shares up on policy easing hopes, yuan slips on PBOC signals
Asian shares were slightly higher on Friday on expectations global central banks will soon embark on an easing cycle in the face of international trade frictions and fears of a world recession.
Germany’s Opel town shows struggle for Europe to plug in electric cars
Carmakers and policymakers in Europe are staking their futures on a race to electric vehicles. But the vast charging network needed to sustain their vision is patchy, and it’s not clear who’ll pay for it.
Sanofi appoints Paul Hudson as CEO to replace retiring Brandicourt
French pharma giant Sanofi appointed Paul Hudson as chief executive to replace Olivier Brandicourt, who will retire in September, the company said on Friday.
Toyota speeds up electrified vehicle schedule as demand heats up
Toyota Motor Corp aims to have half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and said it will tie up with Chinese battery makers to accommodate an accelerated shift to electric power.
Exclusive: Facebook suspends app pre-installs on Huawei phones
Facebook Inc is no longer allowing pre-installation of its apps on Huawei phones, the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a U.S. ban on its purchase of American parts and software.
