AstraZeneca shares down 2% after report it approached Gilead over tie-up
Shares in Britain’s AstraZeneca fell 2.1% in early trades on Monday after a report it had approached U.S. rival Gilead Sciences about a possible merger to form one the world’s largest drug companies.
Possibly millions of jobs could be lost if planes stay grounded, Heathrow boss says
Hundreds of thousands of jobs, if not millions, could be lost in Britain if aviation is not able to resume quickly, the chief executive of London’s Heathrow Airport said on Monday.
Emerging market corporate credit quality down but not out
The coronavirus pandemic has had a devastating impact on companies around the world, but in poorer emerging economies where balance sheets and credit ratings were already weak, the damage is looking particularly widespread.
Ryanair boss O’Leary says: We’ll fly through UK’s ‘rubbish’ quarantine
Ryanair will not cancel flights to and from the United Kingdom despite the introduction of a 14-day quarantine for international travellers because thousands of Britons are still booking holidays, boss Michael O’Leary said on Monday.
Samsung leader appears in court, waits to hear if he’ll be jailed again
Samsung Group’s leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.
EasyJet directors Gurassa and Martin to step down from board this year
Two non-executive directors of EasyJet are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said on Monday.
Asian stocks hug three-month highs after surprise U.S. jobs recovery, oil ticks up
Asia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Risk-taking billionaires offer rich reward for Credit Suisse
Credit Suisse is banking on risk-taking billionaires to drive revenue growth at its wealth management division.
Coronavirus widens the cracks in Egypt’s cement industry
The coronavirus is putting Egypt’s private cement industry under even more pressure.
Gulf mall operators rein in expansion as retailers reel from COVID-19
Mall operators in the Gulf region are delaying new mega-projects as the coronavirus pandemic and low oil prices upend a retail industry built around huge centres catering to tourists and wealthy locals.
