SHANGHAI, June 20 Reuters Tesla cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. The decision by the Beidaihe authorities comes just weeks after Tesla cars […]

To buy 8.1 of Valneva at price of 9.49 eurosshare Companies are in partnership over tackling Lyme disease Valneva shares surge higher PARIS, June 20 Reuters U.S. healthcare giant Pfizer has agreed to invest 90.5 million euros 95.24 million to buy an 8.1 percent stake in French vaccines company, as the companies announced developments in their […]

June 20 Reuters British retailer Marks Spencer on Monday named Alex Freudmann as its new food boss, succeeding Stuart Machin, who was promoted to group chief executive last month. Freudmann, who is currently managing director of Australian beer, wine and spirits retailer Dan Murphy39;s, will join MS as MD of food on Nov. 1 and will […]

MILAN, June 15 Reuters The recently appointed chief executive of Telecom Italia said on Wednesday he hoped the former phone monopoly could surprise markets with positive firsthalf results. On August 3 we will publish results for the first half of the year, CEO Pietro Labriola said at the presentation of the group39;s new communication campaign. We […]

ZURICH, June 17 Reuters Seeds and pesticides maker Syngenta, the Swiss agrochemicals company planning a 10 billion initial public offering IPO, announced a new leader for its biggest business on Friday. Jeff Rowe, now President, Global Seeds, will take over the leadership of Syngenta Crop Protection, effective July 1. The 49yearold American will replace Jon […]

LONDON, June 16 Reuters As commodities from crude oil to sunflower oil remain in short supply, Britain39;s Unilever has changed the ingredient makeup for some of its products like deodorants and packaged food to cut costs and mitigate supply constraints. The ability to switch ingredients and materials, something consumer goods manufacturers traditionally find difficult, became even […]

ZURICH, June 15 Reuters Clariant39;s firstquarter sales from continuing operations rose 30 in local currencies and 26 in Swiss francs to 1.26 billion Swiss francs 1.26 billion, with pricing contributing 16 to growth, the Swiss speciality chemicals group said on Wednesday. Core profit from continuing operations rose 27 to a betterthanexpected 220 million francs, while its […]

COPENHAGEN, June 15 Reuters Toymaker Lego on Wednesday said it will invest more than 1 billion in a factory in the United States to shorten supply chains and keep up with growing demand for its coloured plastic bricks in one of its biggest markets. The factory in Chesterfield County, Virginia, will be the Danish company39;s […]

PARIS, June 14 Reuters FrenchDutch airline Air FranceKLM said on Tuesday it raised around 2.26 billion euros 2.36 billion through its latest capital increase, with the total demand for new shares amounting close to 2.6 billion. The proceeds from the rights issue will be mostly used to repay an aid package to the French state, […]

DETROIT, June 14 Reuters BMW will install and test a longrange battery developed by Michiganbased startup Our Next Energy ONE in the German automaker39;s iX electric SUV, the companies said on Tuesday. ONE39;s Gemini battery will incorporate two types of battery cells, including one with advanced chemistry that can store more energy and enable vehicle range […]