First Facebook investigation to be completed by summer: Irish regulator
Ireland’s Data Protection Commissioner, Facebook’s lead regulator in the European Union, expects to conclude the first of seven investigations into the company’s use of personal data this summer and the remainder by the end of the year, its head said o…
Sunrise seeks to compete on price after $6.3 billion UPC deal
Swiss telecoms group Sunrise wants to crank up price competitiveness following its 6.3 billion Swiss franc ($6.3 billion) takeover of Liberty Global’s Swiss unit and also expects job cuts from the deal, Chief Executive Olaf Swantee told Reuters on Thur…
Novartis faces shareholder criticism over drug prices at AGM
Novartis’s shift into high-tech drugs won praise for providing patients with new options but criticism over prices that may run into the millions of dollars at the Swiss drugmaker’s annual general meeting on Thursday.
Thyssenkrupp says breakup plans not contingent on Tata Steel deal
Thyssenkrupp will continue with its breakup plans even if the steel-to-submarines conglomerate fails to win regulatory approval for a separate joint venture with Tata Steel, Chief Executive Guido Kerkhoff said on Thursday.
Deutsche Bank merger with Commerzbank doesn’t make sense: advisor
A merger between Deutsche Bank and Commerzbank does not make economic sense at the moment, an advisor to Germany’s Finance Ministry said on Thursday.
BMW, Daimler pool resources on automated driving technology
Daimler and BMW deepened their alliance on Thursday to share spiraling development costs for highly automated driving technologies, even as each carmaker pursues separate efforts to develop fully self-driving cars.
Global stocks fall for third day as investors dial down trade hopes
Global stocks retreated for a third straight day on Thursday as investors reduced their optimism over U.S.-Sino trade talks, while an early end to a U.S.-North Korean summit in Vietnam and weak economic data out of China also hit sentiment.
BMW, Daimler pool resources on highly automated driving tech
Daimler and BMW deepened their alliance on Thursday to share development costs for highly automated driving technologies, even as each carmaker continues to pursue separate efforts to develop fully self-driving cars.
Future Retail to operate 7-Eleven’s foray into India
Future Retail Ltd said on Thursday its unit SHME Food Brands signed a master franchise agreement with U.S.-based 7-Eleven Inc to operate its stores in India, marking the convenience retailer’s entry into the country.
Aston Martin boss: Brexit delay would prolong uncertainty
A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin said after Prime Minister Theresa May promised to give lawmakers a vote on extending the date for Britain to leave the EU.
