Reuters UK Business

By Pratik Jain (Reuters) – GSK’s multiple myeloma drug Blenrep nearly halved the risk of disease progression or death compared to standard-of-care treatments for the incurable blood cancer, according to data from a late-stage study presented at a medical meeting on Sunday. In the trial of 302 patients with relapsed or difficult-to-treat multiple myeloma, 71% …

GSK blood cancer drug nearly halves risk of death in late-stage trial Read More »

(Reuters) – Everton’s takeover agreement with prospective owner 777 Partners has expired, the Premier League club said on Saturday, after the U.S. private equity firm failed to complete the acquisition of Farhad Moshiri’s majority stake by the Friday deadline. In September the Miami-based investment fund said it had signed an agreement with British-Iranian billionaire Moshiri …

Soccer-Everton takeover by US private equity firm falls through Read More »

FRANKFURT (Reuters) – Thyssenkrupp’s chairman on Saturday defended a move to sell a stake in the group’s steel unit to Czech billionaire Daniel Kretinsky against the will of worker representatives, adding the company could not afford to delay critical decisions. Powerful labour leaders at the German conglomerate, who hold half the seats on its supervisory …

Thyssenkrupp can’t afford delays over future of steel unit, chairman says Read More »

MOSCOW (Reuters) – The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles, according to changes to a government decree. President Vladimir Putin signed the decree in October mandating the reintroduction of capital controls, affecting dozens of …

Russia eases forex sales requirements for contracts in roubles Read More »

OSLO (Reuters) -Budget carrier Norwegian Air and its pilots have reached a deal on a new collective agreement, preventing a strike that could have grounded many flights, the airline and labour union officials said on Saturday. A strike would have been a blow to Norwegian, which is about to enter what is traditionally its most …

Norwegian Air reaches wage deal with pilots, averting strike Read More »

MOSCOW (Reuters) – A Russian court has eased restrictions imposed on UniCredit in a lawsuit over an aborted gas project, on Friday permitting the Italian lender to offer Russian sovereign bond holdings as collateral instead of other assets and property. The St Petersburg arbitration court ruled in mid May that 462.7 million euros ($503 million) …

Restrictions on UniCredit eased in Russian lawsuit Read More »

By Foo Yun Chee and Benoit Van Overstraeten BRUSSELS (Reuters) -Temu will have to comply with stricter EU online content rules after its user numbers exceeded a key criterion, the European Commission said on Friday, putting the PDD Group’s fast-fashion e-commerce retailer in a group that includes Amazon, Meta Platforms and TikTok. Under the European …

Temu will have to comply with tougher EU online content rules, EU says Read More »