Leading cancer experts say Europe's antiquated drug regulatory system is stopping children from getting life-saving medicines and are calling for changes that would remove a loophole that allows companies to skip developing medicines for children already approved for adults.
Swiss food and drink giant Nestlé and French cosmetics company L'Oréal have approved a deal to transfer ownership of Swiss dermatology pharmaceuticals company Galderma. The companies say L'Oréal will buy 48.5 million of its own shares, or 8 percent of its share capital, from Nestlé and give Nestlé its 50 percent stake in Galderma, which has been a 50/50 joint venture between them.
The U.S. brought a trade complaint against India Monday over a solar energy program it says discriminates against American manufacturers, adding another wrinkle to a bilateral relationship strained by the recent arrest and strip-search of an Indian diplomat.
Growth has marched steadily downward over the past two years as Beijing clamped down on a spending boom that analysts worry has pushed debt to dangerous levels. That has meant less Chinese demand for imported goods from copper and cement to factory machinery and earth movers.
VietJetAir says it signed a deal to buy more than 90 A320 jets from Airbus that is worth about $9.1 billion at sticker prices. The discount airline and Airbus announced the deal Tuesday at the Singapore Airshow. They had a preliminary agreement last year but it wasn't included in Airbus's order book for 2013.
Communist Party leaders pledged in November to open state-dominated industries wider to private competition and ease limits on foreign investment in what could be China's most significant economic overhaul in at least two decades.
ADAC, which boasts 18 million members, acknowledged last month it inflated the number of participants in its favorite-car poll but said that hadn't changed the fact that the VW Golf was the winner. Since then, it has faced allegations of inappropriate use of its helicopters and medical evacuation aircraft.
Delwar Hossain, managing director of Tazreen Fashions Ltd., and his wife surrendered to authorities Sunday after being charged with culpable homicide in December. The case is the first of its kind against an owner in Bangladesh's powerful garment industry, which has a huge influence in the country's affairs from politics to sports.
Toyota's announcement, which will result in the loss of around 2,500 jobs, was widely anticipated, coming just two months after General Motors Co. said it would end production in Australia by 2017. Ford Motor Co. announced in May that it would cease Australian production in 2016.
The European plane-maker gave reporters a look at the twin-engine A350 before it goes on display at the Singapore show starting Tuesday in its first public appearance since its debut flight in June last year. It will also join the show's flying display.
U.S. Olympians will have to make do without the team's official yogurt — depriving them of a source of protein and potentially disturbing their daily routines as they prepare for the biggest competition of their lives. Some 5,000 cups of Greek yogurt from Team USA sponsor Chobani isn't getting to Sochi because of a customs dispute with Russia.
Nissan Motor Co. said Friday the Renault-Nissan alliance sold a record 8.27 million vehicles globally in 2013 due to strong performance in China and the United States, the group's two largest markets. The alliance's vehicle sales, including those of Russia's Avtovaz, rose 2.1 percent from a year earlier.
A South Korean appeal court said the layoff of 153 employees at Ssangyong Motor Co. in 2009 was unjustified, in a belated victory for auto workers who fought pitched battles with riot police at the time. The 153 were among 2,600 workers that Ssangyong tried to shed in 2009, sparking South Korea's worst labor strife in years.
The company said it's cutting its global workforce by about 3 percent or 5,000 people by the end of March 2015 as it restructures its PC, television and other businesses. That comes on top of the 10,000 jobs cuts Sony announced over the previous year.
A human rights group said Thursday that garment factory owners in Bangladesh have been intimidating and threatening workers who try to organize trade unions. New York-based Human Rights Watch in a statement said that it had interviewed dozens of workers who said they were beaten, lost their jobs or forced to resign after trying to organize unions.
Analysts said the larger-than-expected trade deficit for December would likely reduce estimates of growth in the October-December quarter. The government had initially estimated fourth-quarter growth at a 3.2 percent annual rate.
Volvo CEO Olof Persson said the job losses, which include the previously announced reduction of 2,000, will affect employees worldwide in group truck operations, as well as in technology, sales, marketing, IT, finance and human resource departments.
The Centre Daily Times said Wednesday the policy will be effective at the end of March and is in response to safety hazards in the southeast Asian country, where a garment factory collapsed last year and killed more than 1,100 workers.
European researchers have taken a step toward prosthetics with a sense of touch: They created a robotic hand that let an amputee feel differences in the shape and hardness of different objects, and adjust his grasp in response.
While exports of the fuel to lucrative Asian markets have surged in recent years, the rules for leasing government-owned coal have remained largely unchanged since 1990. That's stirred concerns that companies could be shortchanging taxpayers by buying coal cheaply from the government based on U.S. market prices and then selling it at a premium overseas.
Amid the news that Chrysler was being merged with its Italian owners Fiat, and many still-unanswered questions about the future of what used to be one of America’s “Big 3” automakers, the company has doubled-down on its very U.S.-focused — and some say ironically xenophobic — advertising scheme.
Honda Motor Co. said Wednesday its motorcycle unit in India will invest 11 billion Indian rupees (about 17.8 billion yen) to open a new manufacturing plant in the northwestern part of the country in 2015. The new plant in Ahmedabad in Gujarat state will be the fourth base in India for Honda.
Toyota's profit for the October-December quarter totaled a better-than-expected 525.4 billion yen ($5.2 billion), up dramatically from 99.9 billion yen a year earlier. Quarterly sales jumped 24 percent to 6.585 trillion yen ($64.2 billion).
Country of original labeling supporters, including consumer groups, environmental groups and some independent farmers, say the requirements give consumers valuable information. But livestock groups and meatpackers say it's costly to have to segregate and track animals along the entire supply chain.
There is much debate over the effectiveness of the strategy, the affect it has had on “American” brand quality, and the affect it is having on the U.S. economy and its ability to pull out of the current recession.