Friday, October 18th, 2019

 

Sanofi pulls Zantac from US and Canada after carcinogen found

NEW YORK, Oct 18 — Sanofi SA said today it would recall popular heartburn medicine Zantac in the United States and Canada, after the medicines were linked with a probable cancer-causing impurity. The French drugmaker said it was working with…


G20 expected to back OECD’s digital tax proposal

WASHINGTON, Oct 18 — G20 finance ministers today are expected to give the green light to an OECD proposal that aims to find an agreement on taxing global tech giants by June. The deal aims to solve the puzzle on how to tax technology firms, which…


US tariffs on EU would have negative political, economic impact, says French economy minister

WASHINGTON, Oct 18 — If President Donald Trump follows through on a plan to impose tariffs on European goods in the dispute over Airbus, it will have “concrete” repercussions, France’s Economy Minister Bruno Le Maire said yesterday. “These…


Paris, Rome, Berlin preparing to block Facebook’s Libra in Europe, says French minister

WASHINGTON, Oct 18 — France, Italy and Germany are together preparing measures to block Facebook’s new Libra cryptocurrency from use in Europe, French Economy Minister Bruno Le Maire announced today. “Libra is not welcome on European soil,”…


India’s Reliance profits jump 18.3pc

MUMBAI, Oct 18 ­— Indian conglomerate Reliance Industries today reported an 18.3 per cent rise in consolidated net profit due to a better-than-expected refining margin and growth in its consumer-facing business. The Mumbai-based company owned by…


DPM: Malaysia welcomes more FDI from China

KUALA LUMPUR, Oct 18 — Malaysia is in a strategic position to welcome more foreign direct investments (FDI) in 2019 and beyond, especially from China, with the support of the thriving Hakka community in the country. Deputy Prime Minister Datuk…


Coca-Cola reports higher profits, lifting shares

NEW YORK, Oct 18 — Coca-Cola reported higher third-quarter profits today, citing solid sales of soda and innovative products like smaller drink cans that offset the hit from a strong dollar. The beverage giant lifted full year profit and sales…


Lagarde thanks EU leaders after ECB confirmation

FRANKFURT, Oct 18 — Incoming European Central Bank (ECB) chief Christine Lagarde tweeted her “sincere thanks” to EU leaders today, after the European Council made official her appointment as next president of the Frankfurt institution. “My…


‘Stablecoins’ could hinder efforts to stamp out money laundering, says global watchdog

LONDON, Oct 18 — The spread of cryptocurrencies such as Facebook’s Libra could have serious repercussions for worldwide efforts to detect and stamp out money laundering and terror financing, a global watchdog on illicit finance said today….


British companies buckle up as Brexit deadline nears

LONDON, Oct 18 — British Prime Minister Boris Johnson is trumpeting a newly minted Brexit deal with EU leaders but now needs backing from the UK’s divided parliament in a vote set for tomorrow. Three years after Britons voted to leave the EU,…