GlaxoSmithKline will not file patents in poorer countries

UK drugs manufacturer GlaxoSmithKline has said it will not file patents for its products in the world’s poorest nations. The step may make some important new medicines more affordable in the developing world, by leaving the way clear for generic companies to make cheap copies of GSK’s drugs. GSK said it would adopt a graduated approach linked to… Read More »

GE Capital aims to lose ‘too big to fail’ status

General Electric’s financing arm – GE Capital- has asked regulators to remove it from the list of institutions deemed “too big to fail” after having shrunk the size of its business. GE said it no longer posed “any conceivable threat to US financial stability”. US regulators labelled GE Capital a systemically important financial institution (SIFI) in 2013. SIFIs… Read More »

Regulator orders drugmaker Valeant management to cease trading

Valeant Pharmaceuticals International Inc’s (VRX.TO) directors and key officers have received a cease-trade order by the securities regulator in the Canadian province of Quebec, on the company’s request, Valeant said on Thursday. In a separate statement, the Autorité Des Marches Financiers (AMF) said the order against trading shares takes effect Thursday and is in place for 15 days. Included… Read More »

FTSE ends poor quarter with another drop

UK shares retreated on Thursday, ending a weak first quarter of 2016 on a downbeat note, although a recovery in mining shares helped it outperform euro zone indexes. Britain’s FTSE 100 .FTSE was down 28.27 points, or 0.5 percent, at 6,174.90 by the close. That left the index down 1.1 percent in 2016 as the first quarter drew… Read More »

Cameron says state takeover not the answer in steel crisis

Prime Minister David Cameron said there was no guarantee a buyer could be found for Britain’s biggest steel producer after Tata Steel (TISC.NS) announced it was pulling out, and a state takeover was not the answer. Cameron said he was doing all he could following the Indian company’s decision to sell its British operation, a move that has… Read More »

MIUI Global Beta ROM based on Marshmallow now available

A few days ago the stable release of the MIUI ROM based on Android 6.0 Marshmallow was released for the Xiaomi Mi 3, Mi 4, and Mi Note in China. As of today, the stable Marshmallow-based MIUI 6.3.17 is available in Global Beta and can be installed on the Xiaomi Mi 3, Mi 4, and Mi Note outside… Read More »

Apple iPhone SE enters AnTuTu, matches the iPhone 6s Plus score

Apple iPhone SE is pretty much an iPhone 6s within a smaller chassis. It runs on the same Apple A9 chip with 2GB of RAM, has the same 12MP rear camera, but a smaller and lower-resolution screen. The iPhone SE has passed the AnTuTu 6 benchmark already, and you can check it out how it stacks against its… Read More »

Allianz to sell $5 billion life insurance portfolio in Italy – sources

German insurer Allianz (ALVG.DE) is looking to sell a $5 billion portfolio of life insurance policies in Italy, sources familiar with the matter said on Wednesday. Europe’s biggest insurer has picked Goldman Sachs (GS.N) to run the sale of the closed life policies, which no longer accept new business but remain on an insurer’s books as premium paying… Read More »