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World Business Report: First broadcast 2017/02/20 01:06 GMT: Kraft Heinz Drops Unilever Bid

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Kraft-Heinz brands

First broadcast 2017/02/20 01:06 GMT

First broadcast 2017/02/20 01:06 GMT: Kraft Heinz Drops Unilever Bid

Kraft Heinz Drops Unilever Bid

BBC World Service - World Business Report, Kraft Heinz Drops Unilever Bid

The US food giant "amicably" withdraws plans to buy its Anglo-Dutch rival.

US food giant Kraft Heinz scraps its $143bn bid to buy Anglo-Dutch rival Unilever, in what would have been one of the biggest deals in corporate history.

Kraft Heinz withdraws its $143bn bid to buy rival Unilever. Both companies say the decision was reached "amicably". Martin Deboo, from Jefferies tells us what went wrong for the US food giant.

Private rocket firm SpaceX successfully launches a rocket carrying a cargo ship for the International Space Station. Its the firm's second launch since one of its vehicles exploded on the launch pad last September. Rachel Villain, from Euroconsult's Space practice in Paris, tells us the pressure is on SpaceX to deal with a large backlog of launches.

Greece will be on the menu when eurozone finance ministers meet in Brussels later today - independent economist Michael Hughes tells us what to expect.

And Star Wars fans take note - we'll bring you the latest unveilings from the New York Toy Fair.

(Picture: Kraft and Heinz products. Credit: Scott Olson, Getty Images)

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First broadcast 2017/02/20 01:06 GMT: Kraft Heinz Drops Unilever Bid

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