Image copyright Reuters Takeda Pharmaceutical has secured shareholder approval for a £46bn ($59bn) takeover of UK-listed drugmaker Shire, clearing the way for Japan’s largest ever corporate acquisition. The takeover would make Takeda one of the world’s top 10 drugmakers. The deal, which needs to be approved by Shire’s shareholders, will also saddle the Japanese firm …
Image copyright Getty Images Chinese officials have said they are “confident in implementing” trade commitments made to the US “as soon as possible”, without giving details. An ongoing trade war has seen both countries impose duties on billions of dollars of one another’s goods. Over the weekend, a temporary truce was agreed between US President …
A NatWest customer who was defrauded of £20,000 while he was in hospital following a violent mugging in December 2017 has been refunded by the bank. The man, who was then 19, was found unconscious in a London park by a dog walker after being attacked and robbed. When he came round in hospital 12 …
Image copyright Boohoo The fast-fashion retailer, Boohoo, broke Advertising Standards Authority rules with “misleading” promotions. The BBC’s investigative programme, Watchdog Live, recorded promotions on the company’s website that did not end after the countdown clock reached zero. Time-limited sales put pressure on consumers to buy quickly. Keeping the clock running means the time limit – …
Image copyright Andy Shelley Image caption Andy Shelley says his time on parental leave was “eye-opening” Following the release of a poll which suggested 27% of mothers did not enjoy their maternity leave as much as they thought they would, parents have been sharing their experience of parental leave – both good and bad. Many …
Image copyright Reuters Chanel has become the first luxury fashion house in the world to stop using exotic animal skins, like snake, crocodile, lizard and stingray. The company’s head of fashion, Bruno Pavlovksy, said it had become harder to source such pelts ethically. He also included fur in the list, of which Chanel uses little. …
Image copyright Getty Images Image caption Rudy Giuliani appears not to have noticed Twitter had turned his typo into a link A critic of President Trump has taken advantage of a Twitter typo by his lawyer, Rudy Giuliani, to mount an attack. Mr Giuliani left out a space between a full stop and the following …
Image copyright Getty Images Former Bank of England governor Mervyn King has likened Theresa May’s Brexit deal to the appeasement of the Nazis in the 1930s. The Brexit supporter wrote a Bloomberg article calling for the deal to be abandoned. Earlier, Bank of England governor Mark Carney warned food prices could rise between 5% and …
Image copyright Reuters Image caption US shares fell sharply on Tuesday after gains the day before Wall Street shares have fallen sharply, with financial companies suffering the biggest declines. The Dow Jones and S&P 500 indexes were down about 2.5% at mid-day, while the Nasdaq sank almost 3%. The fall came as a closely-watched financial …
Image copyright Getty Images The pound briefly dropped to April 2017 lows against the dollar on Tuesday. This was after MPs found the government in contempt of Parliament for not publishing its full legal advice on Theresa May’s Brexit deal. Sterling then recovered after an amendment on handing Parliament a greater say, should the Brexit …