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BERLIN (Reuters) -Swiss biotech investor Xlife Sciences AG said on Wednesday its portfolio company Veraxa Biotech AG would list on U.S. exchange Nasdaq in a $1.64 billion merger deal with a special-purpose acquisition vehicle, or SPAC. The planned merger with the SPAC Voyager Acquisition values Veraxa, cancer drug developer, at about $1.3 billion excluding trust …

Swiss biotech firm Veraxa to list on Nasdaq in $1.64 billion SPAC deal Read More »

By Foo Yun Chee BRUSSELS (Reuters) -Alphabet’s Google and Elon Musk’s X may be the next to face fines from European regulators, as they stay tough on Big Tech despite concerns of retaliatory U.S. tariffs, according to three sources with direct knowledge of the matter. EU antitrust regulators on Wednesday imposed the first penalties under …

Analysis-Google, X next targets as Europe stays tough on tech regulation Read More »

By Katie Paul and Echo Wang NEW YORK (Reuters) -Meta Platforms’ Oversight Board on Wednesday sharply rebuked the Facebook and Instagram owner over a policy overhaul in January that cut fact-checking and eased curbs on discussions of contentious topics such as immigration and gender identity. The board, which operates independently but is funded by Meta, …

Meta’s oversight board rebukes company over policy overhaul Read More »

By David Lawder WASHINGTON (Reuters) -Economic pressures from steep new U.S. tariffs will push global public debt above pandemic-era levels to nearly 100% of global GDP by the end of the decade as slower growth and trade strain government budgets, the International Monetary Fund said on Wednesday. The IMF’s latest Fiscal Monitor projected that global …

IMF says tariff pressures to push global public debt past pandemic levels Read More »

By Tim Hepher (Reuters) -Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo wide-body passenger jets as it expands into fast-growing long-haul markets in Southeast Asia. The sister airline of state-owned national carrier Saudia said it had also acquired purchase rights for a further 10 of the Rolls-Royce-powered planes, also …

Flyadeal confirms Airbus jet order for long-haul expansion Read More »

By Canan Sevgili and Paolo Laudani (Reuters) -Swiss chocolate maker Lindt & Spruengli said it is still working out how to deal with the escalating trade war launched by U.S. President Donald Trump and has temporarily increased stocks in Canada to cushion the impact of tariffs. The company said in March it would supply chocolate …

Lindt holds back on Canada supply shift, boosts local stocks Read More »

By Elviira Luoma (Reuters) -Assa Abloy, the world’s biggest lockmaker, said on Wednesday it was well-positioned to adapt to changing market conditions, including through price hikes, thanks to a strong local presence in its markets amid the escalating trade war. The Swedish group’s CEO Nico Delvaux told Reuters that the company was compensating for tariff …

Assa Abloy to offset tariff impact through price hikes, CEO says Read More »