Category: Business

Britain will threaten this week to deviate from the Brexit deal unless the European Union shows more flexibility over Northern Ireland, one UK and three EU sources said, a move that could thrust the five-year Brexit divorce into tumult. Deviating from the deal’s so-called Northern Ireland Protocol is a risky step: its aim was to […]

The brokerage arm of UBS Group AG (UBSG.S) agreed to pay $8 million to settle charges made by the U.S. securities regulator over compliance failures related to the sales of a volatility-linked, exchange-traded product, the regulator said on Monday. The U.S. Securities and Exchange Commission (SEC) charged UBS with failing to restrict its advisors from […]

Zoom Video Communications Inc (ZM.O) struck a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc (FIVN.O) in its largest-ever acquisition, as it looks to expand beyond its core video-conferencing services. Zoom has become a household name and investor favorite in the year since the coronavirus pandemic, as businesses and schools adopted […]

L Catterton, a private equity firm backed by French luxury giant LVMH (LVMH.PA), has agreed to buy a 60% stake in Italian fashion company Etro, two sources familiar with the matter said on Sunday. The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica […]

AutoNation Inc (AN.N) said it expects strong demand for new vehicles to continue into next year, as low-interest rates and robust demand helped the top U.S. auto retailer trounce quarterly earnings estimates. The company said on Monday sales of new and used vehicles surged 42% and 37%, respectively, in the second quarter. “Consumers are buying […]

India’s securities regulator and customs authorities are investigating some Adani Group companies for non-compliance of rules, junior finance minister Pankaj Chaudhary told parliament on Monday. Shares of the six Adani group companies, which are in the business of operating airports and ports, generating and distributing electricity, and coal and gas trading, closed between 1.1%-4.8% lower […]

BioNTech (22UAy.DE), said it was acquiring a production site and a research and development platform from a subsidiary of U.S. biotech company Gilead (GILD.O) to expand its footprint in north America and in novel cancer treatments. The German biotech firm on Monday said it was buying a solid tumour neoantigen T-cell receptor therapy (TCR-Ts) R&D […]