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GSK to boost spending power of pharma business post break-up

GlaxoSmithKline (GSK.L) will lay out plans to boost the spending power of its research-focused pharmaceuticals business at an investor day on Wednesday, as analysts call on the British drugmaker to

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Investors eye a high mark in U.S. profit growth as inflation fears deepen

Investors are looking ahead to an expected spike in June-quarter profits and the outlook for future economic growth to support a record-high stock market that has many traders fearing a

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German union calls for Amazon workers to strike on ‘Prime Day’

A German trade union called on workers at seven Amazon (AMZN.O) warehouses to go on strike on Monday for several days to coincide with the global Prime Day promotion. Verdi

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Toshiba releases internal report ahead of shareholder vote

Japan’s Toshiba Corp (6502.T) on Monday promised to drastically improve corporate governance and, ahead of a crucial shareholder meeting this week, released an internal report that had cleared management of

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UK financial sector urges caution over any ‘work from home’ law

How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday. Britain

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Porsche to decide soon on Bugatti future – CEO

Volkswagen (VOWG_p.DE) will soon decide on the future of its luxury brand Bugatti, Oliver Blume, Volkswagen management board member and CEO of Porsche AG, said on Monday. Volkswagen in March

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Axiata, Telenor seal $15 bln deal to form Malaysia’s biggest mobile operator

Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in

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