Business

BOSTON/JERUSALEM, May 26 (Reuters) ― Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped fuel the U.S. opioid epidemic. Teva, the world’s largest generic drugmaker, said […]

Image copyright Getty Images In Spring 2016, Tata Steel’s loss-making Long Products division, based at the steelworks which dominates Scunthorpe, was on its knees. The news that private equity group Greybull Capital would buy it for a token £1 was hailed as a new dawn. The deal came with a promise to invest £400m in

Image copyright Getty Images Image caption The Commonwealth Games netball final had a dramatic conclusion Netball burst dramatically into the UK sporting consciousness last year, when England stunned huge favourites Australia to grab the Commonwealth Games gold medal with a memorable last-second victory. Now the triumphant Roses are hosting this year’s Netball World Cup (NWC2019),

Image copyright AFP Image caption Most Africans are online today thanks to cheap Chinese smartphones Google’s decision to withhold its Android software from Huawei is being seen as the beginning of a technology cold war that could compel African countries – in the future – to choose between US and Chinese technology, analysts have told

Image copyright Jiri Stejskal Image caption Jiri Stejskal first came to the US when he was he 27 Jiri Stejskal is the type of entrepreneur that helps the US economy to flourish. The 58-year-old runs a successful translation business on the outskirts of Philadelphia. His company – Cetra Language Solutions – employs 35 people and

Image copyright Getty Images Narendra Modi has secured a historic second election victory. Indian stocks and the rupee rose to welcome the news: another parliamentary majority for the BJP party could grant Mr Modi the opportunity to make promised reforms a reality. But once the euphoria around his emphatic win at the polls has faded,

Image copyright Getty Images Image caption Topshop has “lost appeal”, say retail analysts High Street retail chain Arcadia claims to be in serious trouble, facing what it calls “significant liquidity issues”. The answer, it believes, is a Company Voluntary Arrangement (CVA), a series of proposals to its creditors. But critics say it raises as many

Image copyright Getty Images Image caption Mark Zuckerberg spent time in France last week, discussing regulation with President Emmanuel Macron Facebook has published its latest “enforcement report“, which details how many posts and accounts it took action on between October 2018 and March 2019. During that six-month period, Facebook removed more than three billion fake

Image copyright Getty Image caption Facebook boss Mark Zuckerberg met Bank of England governor Mark Carney Facebook is finalising plans to launch its own crypto-currency next year. It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. The social media giant wants to start

Media playback is unsupported on your device Media captionFAA ‘examining reports’ for links between fatal plane crashes US aviation regulators have defended their response to two fatal Boeing 737 Max plane crashes. The Federal Aviation Administration (FAA) told the BBC that it didn’t have the information needed to ground the 737 Max after the Lion