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Polish industrial output rises by 0.5% y/y in June, above forecast

GDANSK/WARSAW (Reuters) – Poland’s industrial output PLIPY=ECI rose by 0.5% in June, better than the 6.9% decline forecast by analysts, who said the statistic office data suggest the economy may overcome the coronavirus crisis faster than initially expected. T... More »

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Novacyt signs coronavirus test supply contract with UK government

PARIS (Reuters) – Healthcare and clinical diagnostics company Novacyt has signed a supply contract with the UK’s Department of Health & Social Care (DHSC) for its product aimed at testing for the presence of the coronavirus, the company said on Monday. Under t... More »

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Sanofi and Regeneron’s Dupixent shows more encouraging results

PARIS (Reuters) – Healthcare companies Sanofi and Regeneron announced on Friday more encouraging results for their Dupixent product used to treat severe atopic dermatitis, often commonly known as eczema. The companies said that Dupixent Phase 3 data showed a s... More »

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Probe starts after UAE satellite lost in failed Vega launch

(Reuters) – An investigation is under way after a European Vega rocket failed after take-off, destroying a military observation satellite as it was about to be placed in orbit for the United Arab Emirates, European space authorities said on Thursday. The Itali... More »

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Infineon to buy Cypress Semiconductors in 9 billion euro deal

FRANKFURT (Reuters) – Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday. The cash offer of ... More »

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France’s Altran Tech says it was hit by cyber attack

(Reuters) – French engineering consulting firm Altran Technologies was the target of a cyber attack last Thursday that hit operations in some European countries, it said. Altran said on Monday it had shut down its IT network and applications and a recovery pla... More »

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France’s Atos boosts U.S. presence with Syntel acquisition

(Reuters) – French IT services company Atos (ATOS.PA) is boosting its North American operations with a $3.4 billion cash deal to buy Michigan-based IT services provider Syntel Inc (SYNT.O). Atos’ shares traded 7 percent lower by 1020 GMT on Monday on disappoin... More »

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Finland’s Nokia signs 1 billion euro deal with China Mobile

(Reuters) – Nokia has signed a one billion euro ($1.17 billion) deal to support China Mobile, the Finnish network gear maker said on Tuesday. Under the terms of the one-year deal, which was signed at Sino-German Economic Forum, Nokia will provide the Chinese o... More »

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SocGen targets German growth with Commerzbank funds deal

PARIS (Reuters) – Societe Generale (SOGN.PA) will buy Commerzbank’s (CBKG.DE) derivatives and asset management businesses in a move the French bank said will boost its Lyxor funds division and raise its profile in Germany, the euro zone’s biggest economy. Stil... More »

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Akzo Nobel receives request from Elliott for shareholder meeting

The sign of AkzoNobel is pictured at its headquarters in Amsterdam February 6, 2014. REUTERS/Toussaint Kluiters/United Photos Dutch paint maker Akzo Nobel (AKZO.AS) said on Wednesday that it had received a request from a group of shareholders led by Elliott Ad... More »

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Novartis wins CHMP nod for drug combo against some lung cancers

The logo of Swiss drugmaker Novartis AG is seen at its headquarters in Basel, Switzerland January 25, 2017. REUTERS/Arnd Wiegmann Swiss drugmaker Novartis’s drugs Tafinlar and Mekinist edged closer to approval in Europe to be used together against a type of lu... More »