iran

Union calls new strikes at Amazon’s German warehouses

Workers at German warehouses of U.S. online retailer Amazon.com Inc were called out on strike by labor union Verdi on Wednesday as part of a long-running dispute over pay and conditions. Verdi said in a statement it was calling on workers at three of the nine Amazon warehouses in Germany to join the strike, which will run until Dec. 24. Workers at Amazon's warehouse in Koblenz already launched a strike

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Union calls new strikes at Amazon’s German warehouses

iran

Actelion shares gain on report of progress in Sanofi talks

Swiss biotech group Actelion's shares rose by more than 3 percent on Wednesday following a report that talks with Sanofi are making progress, increasing optimism that the two will strike a deal. Analysts at Basler Kantonalbank and Thurguaer Kantonalbank

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Actelion shares gain on report of progress in Sanofi talks

iran

Rolls-Royce denies UK media report over past Iran sales

British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in U.S. sanctions. “Rolls-Royce refutes any accusation that it has traded 'in secret' in Iran or that it circumvented U.S. sanctions,” said a Rolls-Royce spokesman in an emailed statement. “We conduct

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Rolls-Royce denies UK media report over past Iran sales

iran

China lays out its vision to become a tech power

China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020. In its new draft five-year development plan unveiled on Saturday, Beijing also said it aims to use the internet to bolster a slowing economy and make the country a cyber power. China aims to boost its R&D spending to 2.5 percent of gross domestic product for the five-year period, compared with 2.1 percent…

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China lays out its vision to become a tech power

iran

U.S. Commerce Department to place restrictions on China’s ZTE

The U.S. Commerce Department is set to place export restrictions on Chinese telecoms equipment maker ZTE Corp for allegedly violating U.S. export controls on Iran, according to documents seen by Reuters. The restrictions will make it difficult for the company to acquire U.S. products by requiring ZTE's suppliers to apply …

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U.S. Commerce Department to place restrictions on China’s ZTE