Bloomberg Berlin’s effort to protect tenants from steep rent increases has antagonised other participants in the property industry. Three convoys of construction lorries, along with landlord representatives, converged on Berlin’s Brandenburg Gate to protest against a plan to freeze rents in the city for five years. Around 1,500 people registered to take part in the event involving an estimated 240 ...

Bloomberg French pharma giant Sanofi agreed to buy US biotech company Synthorx Inc for $2.5 billion, almost triple its market value, accelerating a push into cancer under new Chief Executive Officer Paul Hudson. Sanofi will pay $68 a share in cash for Synthorx, the companies said. Shares of the unprofitable San Diego-based company closed at $25.03, having surged 40%. The ...

Bloomberg The European Union imposed five-year tariffs on biodiesel from Indonesia to counter alleged subsidies to producers in the country, a move that could prompt the Indonesian government to retaliate. The EU duties on Indonesian exporters of this type of biofuel, which is made from vegetable oils and animal fats for use in diesel engines, range from 8% to 18%, ...