Regulators in France, Germany, Belgium and Luxembourg are suspending the marketing approval of 25 generic drugs due to concerns over the quality of data from clinical trials conducted by India's GVK Biosciences, French watchdog ANSM said on Friday.
Tags: Europe
China financial firms seek control deals in outbound M&A
Chinese financial firms are targeting purchases of distressed banking assets coming on the market in Europe, having been urged by Beijing to expand their reach beyond emerging markets.
EU's Vestager to meet Google complainants in coming weeks
Europe's antitrust chief will meet Google's critics in the coming weeks in an effort to resolve issues in a four-year investigation which has stirred up politicians and lawmakers on both sides of the Atlantic.
Asia down as oil fall hits sentiment, dollar gets respite
Asian stocks fell on Thursday as falling oil prices added to global growth concerns, while the dollar saw a bit of a respite against the yen and euro after successive sharp losses.
OPEC cuts 2015 demand forecast for its oil to lowest in a decade
Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.
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A majority of Air France (AIRF.PA) pilots backed a deal reached in October to develop the company's low-cost operations in France, the airline said on Wednesday.
IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer services giant said in an interview.
Germany's auto market will return to growth for the first time in three years in 2014 and may expand further next year, the VDA industry association said on Tuesday.
Russia on Monday scrapped the South Stream pipeline project to supply gas to southern Europe without crossing Ukraine, citing EU objections, and instead named Turkey as its preferred partner for an alternative pipeline, with a promise of hefty discounts.
Chinese billionaire Guo Guangchang is set to sweeten his bid for the struggling French holiday group Club Mediterranee (CMIP.PA) to trump Italian tycoon Andrea Bonomi's offer in France's longest-running takeover battle.
Oil prices fell to their lowest in five years on Monday, hit by slowing factory activity in China and Europe and hammering emerging market stocks and commodity-linked currencies.
A European satellite beamed images to earth using new laser-based communications technology on Friday, opening the way for uninterrupted and near instantaneous viewing of natural disasters being sent to governments and relief agencies.
Britain's Merlin Entertainments is to open a Legoland theme park in South Korea, as part of its long term expansion plans to generate more of its income from overseas markets.
The European Commission should be able to veto national budgets if they breach the European Union's common fiscal rules, German Finance Minister Wolfgang Schaeuble said on Friday.
