Business

Takeda agrees to buy Shire in £46bn deal

[ad_1] Image copyright Reuters Japan's Takeda Pharmaceutical has struck a deal to buy Irish drugmaker Shire for £46bn after the two sides finally agreed the terms of the deal.The agreement ends a takeover battle that had seen Takeda make five offers for UK-listed Shire since late March. If the deal is backed by shareholders, it will be the largest overseas takeover by a Japanese company to date.The deal is part
Business

Boris Johnson: No 10’s post-Brexit customs plans ‘crazy’

[ad_1] Image copyright Reuters Boris Johnson has described one of No 10's proposals for a post-Brexit customs arrangement as "crazy".A "customs partnership", favoured by the PM, would involve the UK collecting import tariffs on behalf of the EU.In an interview with the Daily Mail, the foreign secretary said this would limit the UK's ability to strike trade deals after Brexit.Downing Street said the idea was still on the table after
Business

The battle of the gas-sucking mega giants is set to begin

[ad_1] Image copyright Shell Image caption Shell's Prelude is the largest sea-faring vessel ever built Off the coast of Western Australia, a battle between mega giants is unfolding. The combatants involve the world's biggest semi-submersible platform, the longest subsea pipeline in the southern hemisphere, and the largest floating facility ever built.They're all there for the same reason: natural gas - and they're hoping to start drawing it up this month.
Business

Wet wipes could face wipe-out in plastic clean-up

[ad_1] Image copyright Getty Images Wet wipes, used for sticky fingers and removing eye make-up, as well as on other parts of the anatomy, could themselves be wiped out over the next couple of decades.The government says its plan to eliminate plastic waste "includes single use products like wet wipes".The wipes contain non-biodegradable plastic.So manufacturers will either have to develop plastic-free wipes or consumers will have to go without.Wet wipes
Business

Walmart expected to announce deal to buy India’s Flipkart

[ad_1] Image copyright AFP/Getty Image caption Indian workers clean the red carpet prior to the opening of a Flipkart warehouse on the outskirts of Hyderabad in 2015 Walmart is expected to announce that it is buying a majority stake in Indian e-commerce firm Flipkart later this week, despite reports that rival Amazon tried to disrupt the transaction.The US grocery giant has agreed the purchase of 75% of Flipkart for about
Business

Google changes rules for buying election adverts

[ad_1] Image copyright PA Image caption Google will log who buys adverts and let people search an archive of election content Google is demanding that those placing political ads during the forthcoming US elections must prove they are US citizens or permanent residents.The demand is part of an update to its policies that tries to make political adverts more "transparent".In addition, advertisers must reveal who has put up the cash
Business

Information watchdog seeks Cambridge Analytica data

[ad_1] Image copyright AFP Image caption Cambridge Analytica has been accused of using Facebook data to map the political views of Americans Cambridge Analytica has been ordered to turn over information it has on US citizen David Carroll by the UK's data protection watchdog.The data demand stems from legal action by Prof Carroll, who wants to know what information the firm holds on him.The company is at the centre of
Business

Is Australia running out of fuel? PM orders supply review

[ad_1] Image copyright Getty Images The Australian government has ordered a review of fuel security after experts warned the country only has weeks of petrol, diesel and aviation fuel supplies left in its reserves.The country's energy minister, Josh Frydenberg, said it was the "prudent and proper thing to do" but should not be interpreted as Australia having a fuel security problem. The International Energy Agency expects countries to have 90-days
Business

Air France shares drop sharply as strikes continue

[ad_1] Image copyright AFP Image caption Jean-Marc Janaillac tendered his resignation after staff at the airline rejected a new pay deal. Shares in Air France fell 14% in early Monday trading, reacting to the latest events at the troubled airline.It was the first chance investors had had to respond to chief executive Jean-Marc Janaillac's resignation and comments by France's economy minister.Mr Janaillac's move came after staff at the loss-making airline
Business

Nestle pays Starbucks $7.1bn to sell its coffee

[ad_1] Image copyright Getty Images Nestle has announced that it will pay Starbucks $7.1bn (£5.2bn) to sell the company's coffee into homes.The Nescafe and Nespresso owner will own the rights to market Starbucks' coffee, which it says generates $2bn in annual sales.Nestle chief executive Mark Schneider described it as a "significant step".Mr Schneider, who in 2016 became the first outsider to run Nestle in almost 100 years, is attempting to