By Maggie FickLONDON (Reuters) - AstraZeneca (NASDAQ:AZN) said on Friday it will spend $2.5 billion on a research and development hub in Beijing, as the drugmaker scrambles to revive business in its second-biggest market after scandals including the arrest of its China president last year.Chief Executive Pascal Soriot was in Beijing and met with the city’s mayor to reveal the investment, along w ...
(Reuters) - UK shares fell on Friday, with travel and leisure stocks sliding as a major power outage at Heathrow Airport caused widespread travel disruptions.The blue-chip FTSE 100 was down 0.46%, but remained on track to clock a slight gain this week after two consecutive weeks of losses.The mid-cap FTSE 250 index declined 0.47%, set to end the week little changed after four straight weekly decli ...
Investing.com -- The chief of staff for the Ukrainian president, Andriy Yermak, dismissed Russian allegations on Friday that Ukraine had launched an attack on the Sudzha gas pumping and metering station. Yermak made a statement on Telegram, a social media platform, refuting the accusations and criticizing Russian attempts to portray themselves as adherents to the ceasefire."Russian attempts to dec ...
Investing.com -- Tesla’s first-quarter deliveries are expected to fall well below consensus estimates, with Barclays forecasting approximately 350,000 units—significantly lower than the 400,000-unit consensus."We estimate 1Q deliveries of ~350k units, well below consensus ~400k," Barclays analysts wrote in a note Friday, highlighting that this represents a 30% sequential decline and a 10% ...