Friction illustrates uncertainties that could hamper kingdom’s transformation

The complex financial product has been used by HNA, SoftBank and Geely and is generating large profits

Industry experts expect Zentiva to fetch around €2bn

China, Saudi Arabia, US and UAE investors envisage expanded Club World Cup

New hirings are an attempt to lift advisory firm’s British M&A performance

Spotify’s debut, Disney and Sky, Hyundai pressure, SoftBank’s US obstacles and Anbang

US regulator wanted Japanese group to keep distance before approving $3.3bn takeover

Twists and turns of hostile bid stretched from US to Europe and into UK politics

Shares in London-listed drugmaker jump 17% after ‘exploratory’ moves revealed

Swiss group focuses on pharma as $13bn deal hands UK partner control of consumer unit

US group sees off rivals in one of Europe’s largest private equity deals in years

Internal inquiry directed at figures behind allegations against senior executives

US buyout group eyes £3bn from disposal of London property group

Drugmaker tops Reckitt Benckiser bid for consumer health business

Rival Reckitt Benckiser falls back in the bidding for Advil maker

Paul Jacobs approaches global investors to back takeover after Broadcom bid blocked

Move comes days after president blocked $142bn bid by Broadcom

Transaction will dramatically remake German energy sector

Developer of ‘mixed reality’ headsets has now raised a total of $2.3bn

Concerns that link-up might enable China to take the lead in critical 5G technology