Business

Image copyright Getty Images Purdue Pharma, the opioid drug-maker owned by the billionaire Sackler family, is reported to be offering between $10bn and $12bn to settle thousands of lawsuits against it. The firm is facing over 2,000 lawsuits linked to its painkiller OxyContin. Purdue told the BBC it was “actively working” towards a “global resolution” […]

Image copyright Getty Images BP will no longer have any operations in Alaska after it agreed to sell its entire remaining business there to a private oil and gas firm. Hilcorp will pay $5.6bn (£4.5bn) to buy all of BP’s interests in the US state. The firm has faced pressure from environmental groups to stop

A federal grand jury in San Jose, California, has indicted Anthony Levandowski, an engineer specializing in self-driving cars, and charged him with stealing trade secrets from Google. The 39-year-old faces 33 counts of theft and attempted theft of trade secrets on allegations that he downloaded more than 14,000 files from Google’s self-driving car unit Waymo,

Image copyright AFP Image caption Anthony Levandowski was dismissed by Uber The US Department of Justice (DoJ) has filed criminal charges against a former senior engineer at Google’s owner Alphabet alleging he took company secrets to taxi company Uber. Anthony Levandowski was charged with 33 counts of trade theft involving Alphabet’s self-driving car technology. He

Image copyright Google Image caption Google is under investigation by the EU Google’s job-search tool is being investigated by the EU over claims that it is driving competitors out of the market. EU competition commissioner Margrethe Vestager questioned whether it was fair the tech giant had “such control over the success or failure” of its

Media playback is unsupported on your device Media captionHS2: How much work has already been done? On Monday 6 April 2016, senior High Speed 2 official Andrew Bruce says he was set to reveal an uncomfortable truth to leading figures at the Department for Transport and HS2 itself. His presentation, scheduled for 15:00 BST, on

This article is part of a series of op-eds by CEO signatories who are part of CEO Action for Diversity & Inclusion, the largest CEO-led business coalition focused on advancing diversity and inclusion in the U.S.  RYOT STUDIO / SKYNESHER VIA GETTY IMAGES By Abigail Ross Hopper, president and CEO, Solar Energy Industries Association When

Image copyright Getty Images Tobacco giants Philip Morris International and Marlboro-maker Altria are in talks to re-unite, more than a decade after the two firms separated. With Philip Morris worth some $120bn and Altria $88bn, a deal would create a $200m-plus industry powerhouse. The news hit the share prices of cigarette competitors, with British American

Image copyright Twitter RBS and NatWest suffered major problems with their websites as the UK went back to work after the Bank Holiday weekend. The sites stopped working at around 09:00 BST according to reports and were still out of action five hours later. Both banks tweeted that customers could use other methods to access

Image copyright Getty Images KFC is to trial meatless “chicken” nuggets made from plants as it tries to further take advantage of the growing popularity of meat substitutes. It has teamed up with vegan food maker Beyond Meat to offer meatless nuggets and wings for the limited US trial run. KFC is one of many