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 …

Economics

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 …

Economics

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 …

Africa

Associated Press News

Bill Gates no longer Microsoft's largest individual shareholder

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 executive, revealed in a regulatory filing last week, reduced his holdings in …

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

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, trade unions, politicians and scientists across the country. Emotions run particularly deep in the sleepy Kent town of Sandwich where, three years ago, Pfizer …