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Austria property giant Signa to file for insolvency
Austria property giant Signa to file for insolvency
by  AFP

Austrian real estate giant Signa -- whose vast portfolio includes New York's iconic Chrysler building -- on Wednesday announced it would initiate insolvency proceedings, filing for court protection as it undergoes restructuring. The company said it would initiate insolvency proceedings at a Vienna court on Wednesday.

Uber to partner with London's black cabs despite disputes
Uber to partner with London's black cabs despite disputes
by  AFP

Uber is to roll out its service to London black cabs next year, it announced Wednesday, despite long-running friction between drivers of the traditional taxis and the US-based firm. Currently, black cabs are hailed as they drive on London's roads, but people will be able to use Uber to book them from early 2024, with drivers able to sign up to the service from Monday.

Philips stock slumps after new FDA warning
Philips stock slumps after new FDA warning
by  AFP

Shares in Dutch medical device manufacturer Philips plunged Wednesday after the US Food and Drug Administration warned that its new machine to help patients sleep risked overheating. The FDA advised patients using the company's DreamStation 2 machine to "carefully monitor" the device "for signs of overheating".

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