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(MENAFN - AFP) Microsoft agreed Monday to buy the Swedish group behind the hugely popular video game "Minecraft" for $2.5 billion, bolstering the increasingly important gaming division of the US tech giant.

The deal for Swedish-based Mojang gives Microsoft one of the best-known video games of all time - one which is played on game consoles as well as PCs and mobile devices.

Mojang ...

 
(MENAFN - AFP) US biotechnology giant Gilead Sciences announced Monday generic licensing deals with seven Indian pharmaceutical firms to slash the cost of its $1,000-a-pill Hepatitis C medicine in 91 developing countries.

Gilead has come under fire from patient rights' groups for the cost of its Hepatitis C drug, Sovaldi, which in the US costs $84,000 for a total 12-week ...

 
(MENAFN - AFP) Apple on Monday said it had received record pre-orders for its new iPhone models, and that some customers will have to wait for the larger-screen versions of the smartphones.

The California tech giant said more than four million pre-orders were received in the 24 hours after the new devices went on sale last Friday.

"Demand for the new iPhones exceeds ...

 
(MENAFN - AFP) Germany's car parts maker ZF Friedrichshafen is to buy US company TRW Automotive to create a new sector giant, the two firms said Monday, in a deal worth nearly 10 billion euros.

ZF, Germany's third biggest auto parts maker, will pay $105.60 per TRW share, TRW said in a statement, adding the deal would create "a global leader in the automotive supplier business ...

 
(MENAFN - AFP) Japan's economy shrank more than estimated in April-June, revised data showed Monday, piling pressure on the government to delay another sales tax hike, while the central bank faces calls to expand its stimulus.

The figures will come as a blow to Prime Minister Shinzo Abe as his programme aimed at rejuvenating growth struggles to gain traction.

Second-quarter ...

 
(MENAFN - AFP) European stock markets were narrowly mixed on Monday, the start of a significant week as the US Federal Reserve holds an interest-rate meeting and Scotland votes on its future.

Ahead of the major events, investors reacted to weak Chinese economic data and a possible shake-up of the beer industry.

In late morning deals, London's benchmark FTSE 100 index ...

 
(MENAFN - AFP) US biotechnology firm Gilead Sciences announced Monday it has signed generic licensing deals with seven India-based companies to increase access to its costly Hepatitis C treatment in the developing world.

Gilead's Sovaldi is sold for $1,000 per pill in the United States bringing its total 12-week course of treatment - effective in nine out of 10 cases - to ...

 
(MENAFN - AFP) The sickly eurozone recovery is a drag on the outlook for the global economy, the OECD warned on Monday as it cut growth forecasts for most major advanced economies.

The sluggish recovery is also at risk from increased tension over conflicts in Ukraine and the Middle East, and uncertainty over the future of Scotland, the Organisation for Economic Cooperation ...

 
(MENAFN - AFP) Asian markets retreated Monday after data at the weekend showed Chinese industrial output expanded in August at its slowest rate since the global financial crisis.

Wall Street provided a negative lead after another round of solid indicators fanned expectations the Federal Reserve will hike interest rates sooner than later.

The pound edged lower as investors ...

 
(MENAFN - AFP) Pilots at Germany's biggest airline Lufthansa said they would go on strike on Tuesday - for the fourth time in three weeks - over changes to early retirement rules, a union said.

The eight-hour walkout will go from 9 am to 5 pm (0700 to 1500 GMT) and hit long-haul flights, the pilots' union Cockpit said in a statement Monday.

No flights will take off ...

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