ABIDJAN, Dec 24 (Reuters) – Incumbent Ivory Coast leader
Laurent Gbagbo faced a cash crunch that could make it tough for
him to continue paying public salaries, after the West African
regional central bank cut his access to funds.
World powers and African states have heaped pressure on
Gbagbo to concede defeat in a Nov. 28 poll to his rival Alassane
Ouattara in a standoff that has killed nearly 200 people and
threatens to tip the country back into civil war.
BRUSSELS (Reuters) – Setting up a power-sharing government to end the post-election dispute in Ivory Coast would set a bad example to other African countries, Zimbabwean Prime Minister Morgan Tsvangirai said on Monday.
Elections in Ivory Coast were meant to unify the West African country after a 2002-2003 civil war, but have resulted in deadlock as presidential challenger Alassane Ouattara and incumbent Laurent Gbagbo both claimed victory.
BRUSSELS (Reuters) – AstraZeneca(AZN.L: Quote, Profile, Research), which makes the best-selling heartburn drug Nexium, has been raided by EU antitrust regulators investigating suspected collusion to block the sale of cheaper generic medicines.
Company officials said the $5 billion-a-year heartburn and stomach ulcer drug was a key focus of the raids — the latest in a series targeting improper activities in the sector.
BRUSSELS (Reuters) – EU antitrust regulators have raided the offices of some pharmaceutical companies, including AstraZeneca, suspected of colluding to block the market entry of cheaper generic drugs.
The European Commission, which acts as the competition watchdog of the 27-nation European Union, said on Friday the raids — the latest in a series targeting improper activities in the sector — took place on November 30 in several EU countries.
BRUSSELS, Dec 3 (Reuters) – EU anti-trust regulators have
carried out raids on some firms in the pharmaceutical sector on
suspicions of collusion to delay the entry of generic drugs into
the market, the European Commission said on Friday.
The Commission, which acts as the competition watchdog of the
27-nation European Union, said the raids took place Nov. 30 in
several EU countries, but it did not identify the companies.
BRUSSELS (Reuters) – Crisis-hit banks seeking state aid next year will have to overhaul their operations as European Union regulators further tightened rules Wednesday as part of a strategy to wean the financial sector off state support.
The rule will apply to all lenders getting a capital injection or transferring impaired assets to “bad banks,” the EU executive said.
BRUSSELS (Reuters) – Crisis-hit banks seeking state aid next year will have to overhaul their operations as part of a strategy to wean them off state support, the European Union’s competition chief said Wednesday.
The tougher conditions came as the European Commission extended by a year a framework of rules set up in October 2008 allowing EU governments to bail out their lenders under looser terms.
BRUSSELS, Nov 30 (Reuters) – European Union antitrust
regulators opened on Tuesday a formal investigation into Google
(GOOG.O: Quote, Profile, Research, Stock Buzz) after rival services complained that the world’s No. 1
internet search engine abused its dominant position.
The move came more than nine months after British price
comparison site Foundem and French legal search engine
ejustice.fr alleged Google’s search algorithm demoted their
sites in Web search results because they were rivals.
PARIS/AMSTERDAM (Reuters) – Dutch cable maker Draka Holding NV (DRAK.AS: Quote, Profile, Research, Stock Buzz) has rejected the unsolicited takeover offer worth 731 million euros ($1 billion) from bigger rival Nexans (NEXS.PA: Quote, Profile, Research, Stock Buzz), saying it undervalued the company.
Nexans, the world’s largest cable manufacturer, replied that its proposed cash bid of 15 euros per share “fully valued the company” at an attractive premium of 28.4 percent over Draka’s average closing share price in the three months before October 18, when it announced its intention to start discussions with Draka.
AMSTERDAM, Oct 26 (Reuters) – Dutch telecoms group KPN
(KPN.AS: Quote, Profile, Research, Stock Buzz) on Tuesday said it would meet its full-year target
after reporting better-than-expected third-quarter results
driven by higher service revenue growth in Germany and strong
European operators have come under pressure as users make
fewer calls and analysts have consistently raised doubts about
KPN’s ability to meet its full-year target, which it has set at
5.5 billion euros.