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Business News Feed

$2.4bn drug settlement

Asia's biggest drugmaker Takeda has agreed to pay £1.6bn to settle thousands of lawsuits in the US alleging it hid cancer risks related to its top-selling diabetes drug Actos.

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Spain's Rato corruption

Former economy minister and IMF chief Rodrigo Rato gingerly stepping into a police car following his arrest as part of a money laundering and tax fraud investigation.

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French rogue trader

The French rogue trader who caused huge losses at bank Societe Generale has lost his appeal against a three-year jail sentence.

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Barclays sets aside

Barclays has put aside another £800m, largely to cover potential further legal action and penalties for alleged foreign exchange manipulation.

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