Walinase Chinula

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AstraZeneca shareholder urges new talks with Pfizer

<b>Fund manager Schroders wants AstraZeneca to "recommence engagement" with Pfizer, after the UK drug maker rejected a takeover by its US rival.</b><p>UK-based Schroders is the twelfth largest shareholder in AstraZeneca, with a 2% holding.<p>On Monday, AstraZeneca rejected a £55 per share bid from Pfizer, who …


ECB holds rates but Draghi hints at policy change

<b>European Central Bank president Mario Draghi has hinted the bank's policymakers may act soon to reverse the eurozone's prolonged low inflation.</b><p>The ECB chief said on Thursday that the monetary authority was "not resigned" to low inflation, which at 0.7% is well below the 2% target.<p>The comments …


Bank of England holds UK interest rates at 0.5%

<b>UK interest rates have been held at the record low of 0.5% for another month by the Bank of England.</b><p>The Bank also kept the size of its bond-buying economic stimulus programme unchanged at £375bn.<p>The news is in line with analysts' expectations, despite recent evidence that the UK economic recovery …


Aliko Dangote to invest $2.3bn in north Nigeria

<b>Nigerian businessman Aliko Dangote has said that he will invest $2.3bn (£1.35bn) in sugar and rice production in the north of the country.</b><p>Amid international concern about terrorism in the region - highlighted by the kidnap of more than 200 school girls - he said that creating jobs was key to ending …


Associated Press News

Bill Gates no longer Microsoft's largest individual shareholder

Stock sale puts Gates in second, behind fellow former CEO Steve Ballmer.<p>For the first time in Microsoft's history, Bill Gates is no longer the company's largest individual shareholder, and in four years his ownership stake will likely vanish.<p>A stock sale by the software giant's former chief …

Bill & Melinda Gates Foundation

Pfizer's attempt on AstraZeneca leaves a bitter taste in Sandwich

Mistrust in the US drugs giant's guarantees is leading politicians and scientists to call for the UK company, and jobs and scientific prestige, to be protected<p>The attempt by US drugs group Pfizer to buy Britain's AstraZeneca in the biggest-ever foreign takeover of a UK firm has agitated workers, …

Downing Street