By Tangi Salaün PARIS (Reuters) – A Paris appeals court on Monday slashed the penalty UBS must pay for allegedly helping wealthy clients in France evade taxes to 1.8 billion euros ($2 billion), but upheld that the Swiss bank was guilty of both promoting illegal banking services and money laundering. The revised penalty is less …
French court slashes UBS tax evasion fine to 1.8 billion euros Read More »
By Alex Lawler LONDON (Reuters) – OPEC on Monday raised its world oil demand forecast for the first quarter of 2022 and stuck to its timeline for a return to pre-pandemic levels of oil use, saying the Omicron coronavirus variant would have a mild and brief impact. The upbeat view from the Organization of the …
OPEC upbeat on 2022 oil demand, says Omicron impact to be mild Read More »
BARCELONA (Reuters) – Volkswagen’s Spanish unit SEAT has added new output curbs at its main assembly car plant near Barcelona in December, closing its factory for five days, because of global semiconductor supply bottlenecks, the company said on Monday. SEAT has decided to advance by one week its production break before the Christmas holidays, which …
VW’s SEAT adds output curbs in December as chip shortage lingers Read More »
By Mrinalika Roy and Leroy Leo (Reuters) – Pfizer Inc said on Monday it would buy drug developer Arena Pharmaceuticals Inc for $6.7 billion in cash, to add a promising treatment candidate that targets diseases affecting the stomach and intestine. The $100 per share offer is double the last closing price of Arena’s stock, which …
Pfizer bets on Arena’s promising bowel disease treatment in $6.7 billion deal Read More »
(Reuters) – Apple Inc’s upcoming iPhone SE 5G has the potential to attract more than a billion non-premium Android users, J.P. Morgan analysts said on Monday. The company is expected to launch the iPhone SE with 5G capabilities in early 2022, according to media reports and the brokerage, with the analysts adding the model will …
Apple’s upcoming iPhone SE 5G could help attract billion-plus Android users- J.P.Morgan Read More »
By Lawrence Hurley and Ludwig Burger WASHINGTON (Reuters) -The U.S. Supreme Court on Monday asked President Joe Biden’s administration for its views on whether the justices should hear Bayer AG’s bid to dismiss claims by customers who contend its Roundup weedkiller causes cancer, as the company seeks to avoid potentially billions of dollars in damages. …
Supreme Court asks U.S. government for views on Bayer weedkiller case Read More »
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear a bid by Johnson & Johnson to throw out a lawsuit brought by the state of Mississippi over allegations that the company failed to inform residents that its talc-based products increased the risks of developing ovarian cancer. The justices left in place an …
U.S. Supreme Court snubs J&J’s bid to avoid Mississippi talc lawsuit Read More »
By Lisa Pauline Mattackal and Vidya Ranganathan (Reuters) – As bitcoin, the world’s largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another part of the digital currency world: stablecoins. The past week saw Meta Platforms Inc pilot its stablecoin payments wallet, while the world’s largest payments …
Stablecoins steal the limelight from subdued bitcoin Read More »
SAO PAULO (Reuters) – Brazilian miner Vale SA said on Monday its subsidiary Vale Canada has signed a deal to sell its 50% stake in steelmaker California Steel Industries to Nucor Corporation for $400 million. Vale said in a securities filing it expects the deal to be concluded in the first quarter of 2022, adding …
Brazil’s Vale sells stake in U.S. California Steel to Nucor Read More »
JERUSALEM (Reuters) – Israel intends to import foreign workers for its high-tech sector on a trial basis to offset a pandemic-era labour shortage, Finance Minister Avigdor Lieberman said on Monday. In remarks to his party’s legislators, Lieberman said Israel was experiencing a labour shortage across the economy as a whole during the coronavirus pandemic, with …
Israel planning trial import of foreign tech workers amid shortage Read More »
