August, 2016

• 22 August

  Pfizer nears $14bn takeover of Medivation

  

    New York / AFP US pharmaceutical giant Pfizer is nearing a deal to buy US biotech firm Medivation, which specializes in cancer treatments, for nearly $14 billion, US media reported. Bloomberg and The Wall Street Journal said the deal could be made public as early as Monday. The Journal, citing people familiar with the matter, said it could be ...

  Read More »
• 22 August

  German auto giant VW cuts 28,000 workers’ hours over supply woes

  

    Frankfurt / AFP German auto giant Volkswagen said on Monday it would halt production at six plants for several days as a legal dispute with two key suppliers deepened. Around 27,700 workers at factories in Emden, Zwickau, Kassel, Salzgitter, Brunswick, and the firm’s home base of Wolfsburg would see their work hours slashed by the end of August, the ...

  Read More »
• 22 August

  EON spin-off Uniper plans September flotation

  

    Frankfurt / AFP Executives at Uniper, a spin-off business uniting German energy giant EON’s fossil fuel operations, said on Monday the new firm is in good shape for a September stock market debut. “We are very close to the goal,” chief executive Klaus Schaefer told journalists on a conference call. Uniper expects to publish its prospectus in early September ...

  Read More »
• 22 August

  Russian wheat in best run since April

    Bloomberg Russian wheat prices extended a rebound, capping the best run since April, as farmers charged more for high-protein grain after rains damaged crops there and in major competitor France. Wheat for loading at Black Sea ports rose 1.2 percent from a week earlier to $170 a metric ton as of Friday, Dmitry Rylko, director general of Moscow-based Institute ...

  Read More »
• 22 August

  Poland’s to keep budget deficit below EU cap

  

    Bloomberg Poland plans to keep its 2017 budget deficit below the European Union’s limit of 3 percent of gross domestic product even as a report showed the government revising down its outlook for economic growth. The shortfall is planned at 2.9 percent of GDP, the Finance Ministry said on its Twitter account on Monday. That compares with a 2.6 ...

  Read More »
• 22 August

  Turkey says Syria border region must be ‘cleansed’ of IS extremists

  

    Brussels / AFP Turkey said on Monday the Syrian border region must be “completely cleansed” from the IS group, after a weekend suicide bombing in Gaziantep blamed on the extremists left at least 54 dead. In a sign of a key battle to come, Syrian rebel fighters have amassed on the Turkish side of the border in preparation for an ...

  Read More »
• 22 August

  South Sudan vice president starts first Khartoum visit

    Tripoli / AFP Fighters of Libya’s unity government, backed by US air strikes, have recaptured more ground from extremists holed up in the centre of the coastal city of Sirte, loyalist forces said on Monday. “Our forces have retaken the internal security building used as a prison by the IS” group, as well as a courthouse, the Al-Naga district ...

  Read More »
• 22 August

  China state media casts doubt on Syria Omran video

    Beijing / AFP China’s state broadcaster has questioned the authenticity of the video of Syrian boy Omran which went viral worldwide, alleging it may have been faked as part of a Western “propaganda war”. The video showed the stunned-looking four-year-old covered in blood and dust after an air strike in Aleppo last week, with the US State Department calling ...

  Read More »
• 22 August

  Kerry in Kenya for security talks

  

    Nairobi / AFP With a peace deal unravelling in South Sudan and extremist attacks continuing in Somalia, US Secretary of State John Kerry met with Kenyan President Uhuru Kenyatta in Nairobi on Monday. The two discussed regional security and terrorism before Kerry met with the foreign ministers of Kenya, Somalia, South Sudan, Sudan and Uganda for talks focusing on a ...

  Read More »
• 22 August

  Egypt’s Sisi says Putin ready to host Mideast peace talks

    Cairo / AFP Egyptian President Abdel Fattah El-Sisi said his Russian counterpart and close ally Vladimir Putin wants to host an Israeli-Palestinian summit to revive peace talks, in an interview published on Monday. Sisi told state newspaper editors that he believed Israel was increasingly convinced of the need for a peace deal, saying it was a “positive sign.” But ...

  Read More »