HELSINKI, May 20 Reuters Alphabetowned Google will invest a further 1 billion euros 1.1 billion into the expansion of its data centre campus in Finland to drive its artificial intelligence AI business growth in Europe, it said in a statement on Monday. In recent years, many data centres have been located in the Nordic countries because of the […]

May 20 Reuters Hedge fund Shah Capital said on Monday it would withdraw its campaign against the reelection of three directors on Novavax39;s board, after the COVID19 vaccine maker struck a licensing deal with Sanofi. Under a deal signed on May 10, the French drugmaker will take a 4.9 stake in Novavax for 70 million at a lofty […]

BEIJING, May 20 Reuters Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan 318 on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the highend smartphone market, where it faces increasing competition from local rivals such as […]

RIO DE JANEIRO, May 20 Reuters Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras is not enough to turn the staterun oil company into the engine for job creation and development it was during his first 20022010 terms. Lula last week tasked incoming CEO Magda Chambriard with speeding up investments […]

LONDON, May 20 Reuters Anglo American shareholder Legal General Investment Management LGIM supports the breakup plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to log a formal takeover offer. The radical plan to divest Anglo39;s less profitable coal, nickel, diamond and platinum businesses followed its rejection of two allshare […]

May 20 Reuters U.S.based restaurant chain Red Lobster has filed for Chapter 11 bankruptcy protection in a Florida court after securing 100 million in financing commitments from its existing lenders, the company said on Sunday. The company listed its assets and liabilities to be between 1 billion and 10 billion, according to a court filing. […]