
Daimler to pay Nokia patent fees, ending German legal spat
Daimler (DAIGn.DE) has agreed to pay Nokia (NOKIA.HE) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.

Daimler (DAIGn.DE) has agreed to pay Nokia (NOKIA.HE) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.

Global stocks again hit record highs and oil rose on Tuesday, before European and U.S. data that should this week offer major clues on the health of the world economy.

Philippine food maker Monde Nissin Corp (MONDE.PS) is pinning its future on the fast-growing alternative meats business on the back of a 48.6 billion pesos ($1 billion) initial public offering (IPO), which marked the country’s largest-ever listing.

Private equity firms KKR & Co (KKR.N) and Clayton Dubilier & Rice LLC (CD&R) will take Cloudera Inc (CLDR.N) private for $4.7billion, the cloud-based data analytics company said on Tuesday.

Australia’s big banks are likely to return a record $15 billion or more of cash to investors over the next two years, with investors betting Commonwealth Bank (CBA.AX) will move first and helping drive shares of the top lender to all-time highs.

The chief executive of ProsiebenSat.1 Media (PSMGn.DE) said on Tuesday he was aware of the interest of international media companies in merging with the German broadcaster, and would not close his mind to any reasonable idea.

Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) has resumed recuiting pilots with residency rights in the territory as part of medium- to long-term planning, the airline said on Tuesday, despite having much of its fleet parked due to the pandemic.

Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as data showed the country’s economic output was above its pre-pandemic level and house prices were shooting through the roof.

British house prices jumped by an annual 10.9%, the most innearly seven years, and they look set to accelerate further as people seek new homes after the pandemic, mortgage lender Nationwide said.

Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.

Daimler (DAIGn.DE) has agreed to pay Nokia (NOKIA.HE) for using its patents, ending a row that highlighted a battle between tech and car companies over royalties for key technologies.

Global stocks again hit record highs and oil rose on Tuesday, before European and U.S. data that should this week offer major clues on the health of the world economy.

Philippine food maker Monde Nissin Corp (MONDE.PS) is pinning its future on the fast-growing alternative meats business on the back of a 48.6 billion pesos ($1 billion) initial public offering (IPO), which marked the country’s largest-ever listing.

Private equity firms KKR & Co (KKR.N) and Clayton Dubilier & Rice LLC (CD&R) will take Cloudera Inc (CLDR.N) private for $4.7billion, the cloud-based data analytics company said on Tuesday.

Australia’s big banks are likely to return a record $15 billion or more of cash to investors over the next two years, with investors betting Commonwealth Bank (CBA.AX) will move first and helping drive shares of the top lender to all-time highs.

The chief executive of ProsiebenSat.1 Media (PSMGn.DE) said on Tuesday he was aware of the interest of international media companies in merging with the German broadcaster, and would not close his mind to any reasonable idea.

Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) has resumed recuiting pilots with residency rights in the territory as part of medium- to long-term planning, the airline said on Tuesday, despite having much of its fleet parked due to the pandemic.

Australia’s central bank left its cash rate at record lows on Tuesday and reiterated its lower-for-longer policy stance even as data showed the country’s economic output was above its pre-pandemic level and house prices were shooting through the roof.

British house prices jumped by an annual 10.9%, the most innearly seven years, and they look set to accelerate further as people seek new homes after the pandemic, mortgage lender Nationwide said.

Canada’s Centerra Gold Inc (CG.TO) on Monday said Kyrgyzstan units Kumtor Gold Co and Kumtor Operating Co have commenced bankruptcy proceedings in a U.S. court following nationalization of the miner’s Kumtor gold mine by the former Soviet republic.
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