Glaxo’s profit jumps almost a third on better sales of HIV drugs and worse pound

The company has pledged that new products such as its blockbuster HIV/AIDS medicines and vaccines for meningitis, will generate £6bn in annual sales in 2018

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Netflix signs deal with iQiyi in China to allow streaming of TV series

Foreign video providers have struggled to get a foothold in the Chinese market, with Chinese regulators shutting down Apple’s iTunes service in 2016

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Labour Court grants SAA interim interdict ordering staff to return to work

The South African Cabin Crew Association had indicated it wanted to oppose the application but failed to file papers in time

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Peugeot and Citroen sales see PSA first-quarter revenue rise 4.9%

The French car-maker, which was close to bankruptcy and needed a government-backed bailout in 2014, advances its revenue to €13.63bn

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Building firms that do not meet standards will be fired, City of Joburg says

The JDA was forced to end contracts recently for four construction projects, as contractors failed to deliver

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Competition Tribunal approves Citibank’s fine

The R69.5m fine for participating in a foreign exchange trading cartel has been approved after a five-week delay

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Daimler raises its forecasts on surge of Mercedes luxury cars sales

In March alone, sales of the new Mercedes-Benz E-Class rose by 65%; Daimler’s share price is set to rise 1.7% as its EBIT jumps 87% to €4.01bn

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Pizza Hut plans to open three outlets in Ethiopia in 2017

The company is one of the first international restaurant chains to enter the African country

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Hyundai pins hopes of recovery to new SUV and luxury models

Russia, Brazil and India were the bright spots for Hyundai in the first quarter, registering sales increases after demand for the Creta SUV

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SAA asks Labour Court to declare strike illegal

Thirty-two South African Airways flights cancelled, including 28 domestic‚ three regional and one international

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Kevin Malunga is stuck in Joburg after SAA cancels flights

The deputy public protector is one of many travellers stranded as a result of protesting cabin crew members outside the national carrier’s offices

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Lotte Group to unveil reorganisation of four businesses

The reorganisation of the four businesses is valued at about $12bn and is an attempt ‘to dispel concerns over the family disputes over management rights’

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Credit Suisse abandons IPO plans

Financial services company wants to raise $4bn in a rights offering and has abandoned its plans to hold a partial initial public offering of its Swiss business

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BHP blames strike at Chilean mine for decline in copper output

Mining giant reports a slump in copper output for the first quarter of 2017, while flagging the sale of some US shale assets

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Impala Platinum warns of ‘large-scale’ job losses at Marula mine

‘This is something the business and economy can ill afford, but remains imperative if we are to protect the financial viability of our business’

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Redefine shares rise despite cut to dividend

UK-focused property group says the UK economy has proved more resilient than expected since the Brexit vote

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