Ericsson hit by higher 5G costs and weaker U.S. market
Sweden’s Ericsson reported a smaller-than-expected rise in fourth-quarter core earnings on Friday and said higher costs would spill over into 2020 as the telecoms equipment...
European stocks shrug off coronavirus fears
European shares on Friday shrugged off worries over the coronavirus outbreak after the World Health Organisation designated it an emergency for China but not yet...
Italy watchdog launches non-compliance proceedings against Facebook
Italy’s competition watchdog has launched proceedings against Facebook for non-compliance with a previous request it had made regarding improper commercial practices in the group’s treatment...
Oil rises, but potential impact of China virus on fuel demand haunts market
Oil prices climbed on Friday, following a drawdown in U.S. crude stocks, but were set to fall heavily for the week amid worries that a...
Nestle teams up with Canadian plant-based ingredients makers
Food group Nestle has teamed up with Canadian plant-based food ingredient makers Burcon and Merit to speed up innovation in the fast-growing business segment, it...
Stocks hold steady but virus anxiety lingers as millions travel for Lunar New Year break
Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as...
Ericsson fourth-quarter core profit hit by slowdown in U.S. business, higher costs
Swedish telecoms equipment group Ericsson reported a smaller than expected rise in fourth-quarter core earnings on Friday and said the quarter, seasonally its best, had...
Bayer faces fourth U.S. Roundup cancer trial in Monsanto home court
Bayer AG is set to face a fourth U.S. jury trial over allegations that its popular weed killer Roundup causes cancer, with four cancer patients...
Oil rebounds, but markets ‘twitchy’ over China virus impact on demand
Oil prices edged up on Friday, helped by a decline in U.S. crude stockpiles, but were on track for to fall up to 5% for...
Euro near seven-week low after ECB; China virus worries linger
The euro hovered near a seven-week low against the dollar on Friday after the European Central Bank was seen as more cautious than expected, while...