Bayer’s Monsanto faces 8,000 lawsuits on glyphosate
The number of U.S. lawsuits brought against Bayer’s newly acquired Monsanto has jumped to about 8,000, as the German drugmaker braces for years of legal wrangling over alleged cancer risks of glyphosate-based weedkillers.
Fidelity fund votes backed Tesla, potential sign of more support
Funds run by Fidelity Investments sided with Tesla Inc management on director votes and other controversial items this spring, filings showed on Thursday, and experts said that could indicate further support for Tesla CEO Elon Musk as he looks to take…
Japan’s Mizuho to take on more lending risk to arrest decline in profitability: CEO
Mizuho Financial Group Inc will shed its conservative approach to lending and take on greater risk at home and abroad, its new chief executive told Reuters, as Japan’s second-largest bank by assets looks to reverse its falling profitability.
Mizuho’s new leader tackles makeover of megabank
When Tatsufumi Sakai was named chief executive and president of Mizuho Financial Group this year, many bankers and investors were surprised.
Iran’s envoy to UK regrets British Airways decision to suspend Tehran flights
Iran’s top envoy to Britain said on Thursday a decision by British Airways to suspend flights to Tehran from September was regrettable.
Air France to end flights to Tehran in September on weak demand
The French arm of Franco-Dutch airlines group Air France KLM said Thursday it will stop its flights to Tehran in September for business reasons.
L Brands slides on weaker demand for Pink lingerie
Shares of L Brands Inc hit their seven-year low on Thursday after the parent of Victoria’s Secret cut its full-year earnings forecast, blaming falling demand for its Pink line of lingerie.
Drop in U.S. jobless claims points to labor market strength
The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have led to tit-for-tat tariffs.
No-deal Brexit will bring tangle of red tape, Britain warns companies
Britain on Thursday told companies trading with the European Union they would face a tangle of red tape, possible border delays and more costly credit card payments if the government fails to negotiate an exit deal before Britain leaves the bloc.
British businesses relieved at no-deal Brexit VAT tweak
British business welcomed a commitment from the government to change how import VAT has to be paid should Britain leave the European Union without a deal – a technical accounting tweak that should avert a cashflow “time bomb” for many companies.
