BARCELONA Dutch teenager Max Verstappen made Formula One history as the youngest race winner on Sunday in a sensational Spanish Grand Prix that saw dominant Mercedes drivers Lewis Hamilton and Nico Rosberg collide and crash out on the opening lap. Verstappen, ... More »
KIEV/MOSCOW Ukrainian politicians hailed their country’s surprise weekend victory in the European Song Contest as a continent-wide endorsement in their smoldering conflict with Russia, while Moscow said the competition had been hijacked by politics. Ukrainian ... More »
STOCKHOLM Politics could take center stage at the usually kitsch Eurovision Song Contest on Saturday, with bookmakers making Russia favorite to win and the Ukrainian entry featuring lyrics about deportations by the Soviet Union. In “1944”, Ukraine’s 32-year-ol... More »
HELSINKI Nokia’s (NOKIA.HE) mobile network equipment sales fell more than expected in the first quarter and will continue to decline this year, the Finnish company said, as customers hold off new orders while it integrates its purchase of rival Alcatel-Lucent.... More »
CAMBRIDGE, England AstraZeneca, working with genome pioneer Craig Venter, is launching a massive gene hunt in the most comprehensive bet yet by a pharmaceutical firm on the potential of genetic variations to unlock routes to new medicines. The initiative, anno... More »
BERN/GENEVA Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients’ wealth. Switzerland’s financial watchdog FINMA said on Thursday that ... More »
LONDON French drugmaker Sanofi has poached one of AstraZeneca’s top scientists to be its new research head in another high-profile departure for the British drugmaker. Sanofi said on Tuesday that Yong-Jun Liu had been appointed as head of research with effect ... More »
HELSINKI If one fist bump could endanger Finland’s increasingly stressed tradition of consensus politics, then Prime Minister Juha Sipila and a cabinet colleague may just have achieved this dubious distinction. In a nod to popular culture, a smiling Sipila and... More »
HONG KONG Four of the five Hong Kong booksellers who went missing in October appeared on Chinese television confirming for the first time they’d been detained for “illegal book trading” in mainland China. The five booksellers – including a British and Swedish ... More »
FRANKFURT It doesn’t look like much, but a boxy wooden vintage Swedish footstool isn’t just a place to rest your weary feet after cross-country skiing. It is the latest competition to hedge funds or high end real estate. And that means it will cost you $17,000... More »
LONDON Global markets have been in turmoil since the start of the year, with stocks and commodities prices reeling, eroding inflation and making central banks increasingly dovish – a trend that could continue with more weak economic data. China, a focus of muc... More »
HONG KONG One of Hong Kong’s staunchest pro-Beijing lawmakers said a bookseller’s tearful confession on state television to a hit-and-run accident more than a decade ago in China is unlikely to appease public concerns that he may have been abducted. The Sunday... More »
PARIS Sanofi boosted its presence in cancer research on Monday by signing two deals with biotech companies worth up to $1.2 billion, as the French drugmaker plays catch-up with rivals in the hot research field. Shares in French biotech group Innate Pharma, one... More »
STOCKHOLM Swedish home appliance maker Electrolux said on Monday its CEO Keith McLoughlin would retire and be replaced by senior executive Jonas Samuelson, just a month after the biggest deal in the company’s history collapsed. McLoughlin will hand over on Feb... More »
BEIJING The Swedish automaker once known as Saab has emerged as part of China’s push to make electric vehicles a mass-market alternative to petrol cars, after getting a $12 billion order for EVs. Chinese-owned National Electric Vehicle Sweden (NEVS) – the comp... More »
STOCKHOLM Swedish telecom equipment maker Ericsson (ERICb.ST) on Monday said it has signed a patent license agreement with Apple Inc (AAPL.O) but did not specify how much it would earn from the deal. Ericsson estimated however that its overall revenues from in... More »
LONDON AstraZeneca (AZN.L) said on Thursday it had agreed to buy 55 percent stake of privately held biotech firm Acerta Pharma for $4 billion to give it access to a new kind of drug for fighting blood cancers. AstraZeneca will pay $2.5 billion upfront, with a ... More »
STOCKHOLM Sweden’s Electrolux (ELUXb.ST) said on Monday its deal to buy General Electric’s (GE.N) appliance business had fallen through after GE terminated the $3.3 billion agreement. The U.S. Department of Justice asked a federal court in July to stop Electro... More »
SHANGHAI China, already a global powerhouse in high-tech areas from solar panels to bullet trains, is turning its industrial might to the challenge of making more of its own drugs for a vast and aging population. Given the 10 years or more it typically takes t... More »
Pfizer Inc (PFE.N) secured formal board approval on Sunday for its acquisition of Botox maker Allergan Plc (AGN.N) for more than $150 billion, a deal that will create the world’s biggest drug maker, according to people familiar with the matter. The deal, the l... More »
BERLIN Germany withdrew its contender for next year’s Eurovision song contest on Saturday following a backlash from critics who accuse the R&B artist of using anti-Semitic and homophobic slurs in his songs. Xavier Naidoo, a singer of Indian and African heritag... More »
TOKYO/FRANKFURT At the recent Frankfurt Auto Show, Ford Motor Co unveiled a new feature that lets drivers pre-set their car to go at or just above the speed limit. In-car cameras and software read and react to road signs, speeding the car up or slowing it down... More »
STOCKHOLMas long as they can win over some of the most demanding consumers: video gamers. Since John Elvesjo noticed a sensor tracking his eye movements in a lab experiment, the technology he developed with Henrik Eskilsson and Marten Skogo has helped disabled... More »
STOCKHOLMMobile equipment maker Ericsson and U.S. networking company Cisco Systems Inc said on Monday they had agreed a business and technology partnership that should generate additional revenues of $1 billion for each company by 2018. Ericsson, whose like-fo... More »
MADRID Amancio Ortega, who transformed clothing group Inditex from a tiny family dressmaker into Spain’s biggest company, briefly overtook Bill Gates on Friday to become the world’s richest man. Although a 10 percent surge in the share price of Microsoft later... More »
STOCKHOLM Swedish author David Lagercrantz will write two more books featuring tattooed hacker Lisbeth Salander, on top of his recent sequel to Stieg Larsson’s blockbuster “Millennium” trilogy of thrillers, publisher Norstedts said on Wednesday. The fifth book... More »
STOCKHOLM/MINSK Belarussian author Svetlana Alexievich won the Nobel Prize for Literature on Thursday for her portrayal of the harshness of life in the Soviet Union and in her first public response denounced Russia’s intervention in Ukraine as an “invasion”. T... More »
CHICAGO Cancer researchers are just beginning to understand the ramifications of the fundamental discoveries behind the 2015 Nobel Prizes in Chemistry, which were awarded on Wednesday to three scientists for explaining how cells repair mistakes in DNA that occ... More »
HELSINKI Earnings quality at Finland’s banks is at risk of being eroded by a struggling domestic economy and financial market together with low euro zone interest rates, the country’s financial watchdog said on Monday. With borrowing costs at historic lows, th... More »
ATLANTA Jordan Spieth identified his heart rather than his swing as the reason he was able to cap off a Player of the Year season by winning the Tour Championship and FedExCup playoffs jackpot on Sunday. “I didn’t feel comfortable striking the ball whatsoever,... More »
WASHINGTON The origins of the enamel that gives our teeth their bite is no ordinary fish tale.Scientists said on Wednesday fossil and genetic evidence indicates enamel did not originate in the teeth but in the scales of ancient fish that lived more than 400 mi... More »
Companies and organizations are pledging to provide funds, goods and services to help thousands of migrants arriving in Europe from war-torn and impoverished countries. Companies are helping through both corporate and employee schemes. Following are some examp... More »
Swede Henrik Stenson put himself in a familiar position when he carded six-under 65 to grab a one-stroke lead after the third round at the Deutsche Bank Championship on Sunday. The 2013 winner posted a 13-under 200 total with one round left at TPC Boston in Ma... More »
BRUSSELS Deep divisions over how to cope with a flood of migrants from the Middle East, Africa and Asia pose a threat to the European Union’s values and global standing and may diminish its ability to act jointly to reform the euro zone and ease Greece’s debt.... More »
Bertelsmann SE & Co KGaA, Europe’s largest media group, is close to acquiring a minority stake in learning technology firm HotChalk, according to people familiar with the matter, as the educational technology sector continues to grow. Bertelsmann is leading a ... More »
LONDON The piano used to play the glissando that kicks off ABBA’s disco hit “Dancing Queen” will be one of the star attractions at a rock and pop auction at Sotheby’s next month where it is expected to sell for up to 800,000 pounds ($1.24 million). The instrum... More »
United States captain Juli Inkster opted for both experience and a vocal locker room presence in announcing Paula Creamer and Brittany Lang on Monday as her two wildcard picks for this year’s Solheim Cup. Creamer, 29, will make her sixth appearance in the bien... More »
LONDON British pharmaceutical company AstraZeneca named Sean Bohen as its chief medical officer, in an appointment that it said could help accelerate the development of new oncology and immunology medicines. AstraZeneca, Britain’s second biggest drugmaker behi... More »
LONDON The Chinese slowdown is forcing many Western companies to take a hard look at their businesses there, leading many to reduce investments, costs and product lines and to tackle increasing bad debts. Double digit growth rates during the first decade of th... More »
WASHINGTON AstraZeneca LP has agreed to pay $46.5 million and Cephalon Inc [TEVAE.UL] $7.5 million to resolve allegations that the two drug companies underpaid rebates owed under the Medicaid program, the U.S. Justice Department said on Monday. (Reporting by E... More »
MADRID Britain’s Virgin Group is looking to potentially buy Spanish budget mobile operator Yoigo from Sweden’s TeliaSonera (TLSN.ST), El Economista newspaper reported on Friday, citing sources with knowledge of the situation. Virgin, run by billionaire entrepr... More »
VIENNA Sweden’s Mans Zelmerlow won the final of the Eurovision Song Contest in Vienna on Sunday, beating Russia and Italy in the world’s biggest international music show. The 28-year-old singer and TV presenter, who had been a bookmakers’ favorite, performed t... More »
LONDON (Reuters) – Most central banks have been easing policy since the start of the year and are set to do more, but it still isn’t clear whether that new activism, which has pushed stock markets to record highs, will help the global economy much. Several mee... More »
LONDON (Reuters) – A dramatic fall in the euro has created an opportunity for European manufacturers to enjoy cheap production costs at the bases from which they can supply world markets. But after months of sharp shifts in foreign currencies, many of these co... More »
