The latest business news around the world. Written by Market Business News's very own editorial team to deliver reliable, up to date, and honest news.

Sanofi in bribery investigation in China

French pharmaceutical giant, Sanofi is under investigation in China after a local newspaper - the Guangzhou-based 21st Century Business Herald - published bribery allegations. Several European companies are being probed. A whistleblower,…

Hourly wages down in UK, up in Germany

Wages have gone up 2.7% over the last three years in Germany, and fallen 5.5% in the UK during the same period. According to the Labour Party, which gathered data from the House of Commons library, the UK’s hourly wage fall, adjusted for…

Carlos Slim bids to control KPN

Carlos Slim, the richest man in the world, has made a bid through his company, America Movil SAB, to purchase the rest of Royal KPN NV for €7.2 billion ($9.6 billion). Many see this as a move to block Telefonica S.A. from buying KPN’s…

ITC Apple import ban overturned

The Obama administration has overturned a ban on older models of iPhones and iPads being sold in the USA. This is despite the ITC (International Trade Commission) ruling that Apple had violated Samsung patents. The ITC, officially known as…

Boston Globe sold for just $70m

The Boston Globe has been sold by The New York Times for just $70m, a fraction of the $1.1bn it paid for the newspaper two decades ago. The Boston Globe has been sold to John W Henry, who owns the Boston Red Sox baseball team and Liverpool…