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(MENAFN - AFP) German pharmaceutical giant Bayer sees in agroindustry giant Monsanto a gem worth at least $62 million for its dominant global position selling seeds sought by farmers of corn, soybeans, cotton and other commodity crops.

But for the Green movement, especially in Europe, Monsanto turns stomachs for unstinting promotion of genetically modified crops and its widely ...

(MENAFN - AFP) Vice Media, the fast-growing online group that raised hundreds of millions of dollars as it expanded its no-holds-barred news operation, has begun retrenching.

The New York-based media group has served layoff notices to a number of employees, said Jason Gordon of the Writers Guild of America-East, which has been representing Vice employees since April.

"We ...

(MENAFN - AFP) Toyota and Volkswagen announced separate partnerships Tuesday with rideshare companies Uber and Gett, in the latest such moves by major carmakers.

Japan's Toyota and ridesharing titan Uber said they had entered into a memorandum of understanding to explore collaboration, starting with trials in countries where ridesharing is expanding.

"Through this collaboration ...

(MENAFN - AFP) UniCredit, Italy's biggest bank by assets, announced Tuesday that its CEO Federico Ghizzoni is stepping down, after a board meeting decided it was time for a change at the helm.

The announcement came two weeks after UniCredit, which like other banks is feeling the pinch from super-low interest rates and volatile financial markets, announced first quarter net ...

(MENAFN - AFP) Tech industry titans Tim Cook and Eric Schmidt took their battle for corporate domination to the heart of Europe on Tuesday seeking to win over new startups and IT enthusiasts.

In a rare move, Apple chief executive Cook and his bitter rival, Alphabet boss Schmidt appeared at the opening day of a seminar organised in Amsterdam for the week-long Startup Europe ...

(MENAFN - AFP) US agribusiness giant Monsanto Co. rejected Tuesday the $62 billion takeover bid by Germany's Bayer AG as too low, but said it was willing to entertain further talks on a merger.

Monsanto chairman and chief executive Hugh Grant said in a statement that the offer "significantly undervalues our company" and does not give enough assurance on how Bayer would finance ...

(MENAFN - AFP) European stock markets rebounded Tuesday, led sharply higher by banking shares boosted by signs of waning chances that Britain will vote to leave the European Union next month.

Wall Street stocks also had a good day, riding on the European rally, with technology and financial shares benefitting especially from greater confidence in the US economic outlook. ...

(MENAFN - AFP) Three Russian and Chinese emergency medical teams have become the first certified by the World Health Organization to respond to disasters and disease outbreaks globally, the UN health agency said Tuesday.

The two teams from Russia and one from China "completed WHO's rigorous classification process," the agency said in a statement.

"This means that, when ...

(MENAFN - AFP) Sales of new homes in the United States surged in April to their best level since January 2008 despite tight supplies and rising prices, the Commerce Department reported Tuesday.

As the Spring home shopping season opened, pent-up demand, rising household incomes and ultra-low mortgage rates supported the buying.

New home sales jumped to an annual pace ...

(MENAFN - AFP) Brazil's acting president Michel Temer on Tuesday called on Congress to approve reforms that he said are needed to haul the once booming economy from a crippling recession.

Temer, who took power May 12 after the suspension of president Dilma Rousseff pending her impeachment trial, is seeking to cement his authority in the face of multiple challenges on both ...

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