Reuters UK Business

By Ludwig Burger and Dina Kartit (Reuters) -France’s Sanofi has agreed to acquire Provention Bio for $2.9 billion to bolster its work on type 1 diabetes therapy and to strengthen its drug pipeline following development setbacks. The deal would give the French drugmaker full ownership of the approved Tzield injection to delay progression of type …

Sanofi hones in on type 1 diabetes in $2.9 billion Provention Bio deal Read More »

BERLIN (Reuters) – Germany Finance Minister Christian Lindner said on Sunday he wanted to tackle expenditure in the 2024 budget to fix the country’s structural deficit that had resulted from the COVID-19 pandemic and the energy crisis. Lindner said he had informed Chancellor Olaf Scholz on Wednesday that he would not be able to present …

Germany must tackle expenditure problem, says finance minister Read More »

By Pablo Mayo Cerqueiro and Akriti Sharma (Reuters) – Bank of London has tabled an offer to Silicon Valley Bank UK, SVB’s subsidiary, the company said on Sunday, adding that it had sent the proposals to British authorities, including the Treasury and the Bank of England. Bank of London, a clearing bank, is leading a …

Bank of London submits proposal for SVB’s UK arm Read More »

By Dhara Ranasinghe LONDON (Reuters) – Markets were set for a bumpy ride this week as the fallout from collapsed startup-focused lender Silicon Valley Bank (SVB), the biggest U.S. bank failure since the 2008 financial crisis, coincides with key economic data and policy meetings. U.S. February inflation numbers are due out on Tuesday, followed by …

World markets set for aftershocks as SVB collapse ripples out Read More »

By Martin Coulter LONDON (Reuters) -Payments firm Wise became the biggest European company to reveal it held funds in Silicon Valley Bank on Sunday, but a spokesperson said the firm faced “minimal exposure”. SVB Financial Group, which focuses on tech startups, became the biggest bank collapse since the 2008 financial crisis, rocking global markets, sending …

Payments firm Wise says it has ‘minimal’ exposure to Silicon Valley Bank Read More »

PARIS (Reuters) – TotalEnergies said on Sunday the rolling strike over the government’s planned pension reform continued for the sixth day running at its French refineries and depots, an company spokesperson told Reuters. The French Senate on Saturday night passed President Emmanuel Macron’s unpopular plan, an important step in it becoming law, shortly after a …

TotalEnergies: Strike continues for sixth day at company’s French sites Read More »