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Social network firm Reddit said on Sunday it would buy short-video platform Dubsmash, becoming the latest company to expand in a space dominated by Chinese-owned TikTok. The financial terms of the deal were not disclosed, but a spokeswoman for Reddit Read more
U.S. oil refiner Phillips 66 on Monday set its 2021 capital budget at $1.7 billion, around 43% lower than forecast for the previous year, as the energy industry struggles to recover from the blow of the COVID-19 pandemic. The coronavirus Read more
AstraZeneca shares fell as much as 9% on Monday, as investors moved to price in the costs of a $39 billion deal for U.S. biotech company Alexion Pharmaceuticals that would be the British drugmaker’s biggest ever corporate acquisition. The deal, Read more
EU competition regulators cleared on Monday a 30-billion-euro ($36.5 billion) Dutch scheme to support projects reducing greenhouse gas emissions, saying it would contribute to the EU’s environmental objectives without hurting competition. The scheme Stimulering Duurzame Energieproductie (SDE++) will run until Read more
The European Central Bank is committed to lifting the euro zone out of its recession and can provide still more stimulus if needed to counter any drag, including from the firming euro, ECB board member Fabio Panetta said on Monday. Read more
U.S. gaming platform Roblox Corp has put off its planned initial public offering (IPO) until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by Read more
Consumer goods giant Unilever Plc will put its plans to cut greenhouse gas emissions to a shareholder vote, it said on Monday, becoming the first blue-chip company to give investors a say on its climate strategy. Shareholders will vote at Read more