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Bloomberg Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that pharmaceutical giants are slowly turning away from the grocery store and back towards the laboratory. GlaxoSmithKline Plc and Pfizer Inc said that they plan to combine their sprawling consumer-health businesses into a single company selling everything from Advil pain ...

Bloomberg The death toll from a tsunami triggered by suspected volcanic activity near the Sunda Strait in Indonesia has topped 200 as rescuers continue to search for dozens missing in the tourist region. More than 220 people, mostly tourists, are confirmed dead, at least 843 injured and dozens are missing in the two provinces hit by waves late on Saturday, ...

DUBAI / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Saturday outlined the 2019 action plan for the Dubai: The Capital of Islamic Economy initiative at its fourth board meeting for 2018. Chairing the meeting, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, confirmed the UAE’s pioneering role as a catalyst for innovative initiatives ...

ABU DHABI / WAM The United Eastern Medical Services Board announced on Saturday the second phase of the expansion project of Danat Al Emarat Hospital for Women and Children in Abu Dhabi. The second phase includes the construction of a new tower with a capacity of 100 beds, at a total cost of AED300 million ($81.7 million). The new tower ...

Dubai / WAM The Department of Economic Development (DED), announced the release of the ‘Dubai Economic Report 2018’ on Saturday. The report reviews the major macro-and sectoral level economic developments and growth in the emirate during 2017. It aims to be a reference for public and private sector decision-making as well as for developing policies and strategies that enhance overall ...

Abu Dhabi / WAM The UAE is committed to universal humanitarian principles, and does not differentiate between peoples when delivering aid to those in need, said His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC). The UAE leadership, under President His Highness Sheikh Khalifa bin Zayed Al ...

Bloomberg An hour’s drive north of Paris along the River Seine lies Flins, home to Renault SA’s biggest and oldest factory, where 2,700 workers and 900 robots toil in tandem to churn out a steady stream of compact cars. More than half of the vehicles rolling off the line, however, don’t carry the Renault diamond badge. Instead, the factory’s most ...

Bloomberg The country that brought robots to car factories looks set to stay resolutely old school in agriculture as it seeks to attract more foreign workers to replenish an aging workforce. This month’s vote by Japan’s parliament to open the door more widely to overseas labourers confirms that despite government support and millions of dollars of investment in high-tech agriculture ...

Bloomberg The UK published its long-awaited immigration plan for life outside the European Union, to end freedom of movement from the bloc and prioritise skilled workers regardless of nationality. Home Secretary Sajid Javid said the aim was to bring net migration down to “sustainable levels.” Reducing immigration has been a major issue for British voters and was a key motivation ...

Bloomberg Global trade developments may dictate how lively Canadian corporate bond sales are next year. Trade tensions, which increased volatility and caused sales in the Canadian corporate securities market to collapse in the fourth quarter, are poised to continue. Issuers pulled back from the market in the fourth quarter and in 2019 volatility may put investors in the driver’s seat ...