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Takeda’s new HQ flaunts global ambition along Japanese roots

Bloomberg Embedded in the sleek metallic and cypress interior of Takeda Pharmaceutical Co.’s new global headquarters in Tokyo are stylised Japanese characters for words like life, water and light. Melding futuristic design with traditional Japanese elements highlights the balancing act facing Chief Executive Officer Christophe Weber: showing he can honour the 237-year-old drugmaker’s Japanese heritage as he tries to complete ...

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Fresh Kim weapon advances show challenge facing Trump

Bloomberg Evidence of new efforts by Kim Jong-un to expand his nuclear arsenal underscore the challenge facing US President Donald Trump three weeks after declaring that North Korea was “ no longer a nuclear threat.” Several reports released in recent days suggest that Kim continued to ramp up his weapons production — rather than prepare to disarm — in the ...

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Dell set to go public again with VMware tracking stock buyout

Bloomberg Dell Technologies Inc, the world’s largest private technology company, announced plans to trade publicly again, entering a new stage of a multi-year turnaround plan. The tech giant will return to public markets by subsuming its tracking stock, DVMT, in a cash and share-swap deal, Round Rock, Texas-based Dell said in a filing on Monday. The shares, currently worth about ...

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Britain’s trickiest economic challenge is back in spotlight

Bloomberg Eclipsed by Brexit headlines, the most puzzling economic problem facing Britain is back in the limelight. Abysmal productivity growth has plagued the UK for a decade, sapping its underlying strength and undermining wage growth. Countless explanations and solutions have been proffered, and now the debate is raging again after a proposal that fixing it be made one of the ...

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Tesla finally hits Model 3 production target

Bloomberg Tesla Inc. reached a milestone critical to Elon Musk’s goal to bring electric cars to the masses — and earn some profit in the process — by finally exceeding a long-sought production target with the Model 3. By building more than 5,000 of the sedans in the last week of the second quarter, Tesla “just became a real car ...

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DIFC to host second edition of Global Financial Forum in March

Dubai / WAM Dubai International Financial Centre (DIFC), announced that the second edition of its Global Financial Forum (GFF), will be held on March 11, 2019, in Dubai. The forum will be held under the theme, ‘Unlocking Opportunities in a Changing World’, in partnership with the Financial Times, one of the world’s leading business news organisations. Through this partnership, the ...

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FANR hosts IAEA nuclear infrastructure review mission

Abu Dhabi / WAM The UAE hosted the International Atomic Energy Agency (IAEA), Phase 3 Integrated Nuclear Infrastructure Review (INIR), mission from June 24 to July 1. The aim of the mission was to assist the UAE by providing a review of the nation’s overall nuclear energy infrastructure. The UAE is the first country to implement and achieve Milestone 3 ...

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UAE calls for strong, strategic ties to counter terror narratives

NEW YORK / WAM The UAE has called for stronger and strategic multilateral partnerships to counter terrorist narratives around the world at the United Nations. In a statement delivered before the UN High-Level Conference of Heads of Counter-Terrorism Agencies of Member States, Salem AlZaabi, Head of the UAE National Counter-Terrorism Committee and Head of the UAE delegation to the conference, ...

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SCCI explore ways to develop economic ties with Germany

BERLIN / WAM The Sharjah Chamber of Commerce and Industry (SCCI), explored ways of developing economic relationships, expanding cooperation and investment opportunities, and exchanging knowledge and expertise with various sectors in Germany and other countries, at the conclusion of the 21st Arab-German Business Forum in Berlin. The SCCI delegation was headed by Abdallah Sultan Al Owais, Chairman of the SCCI. ...

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India’s top steelmaker plows $1bn into US, more to come

Bloomberg India’s top steelmaker JSW Steel Ltd. says it’s scouting for more deals in the US and Europe to expand its global footprint, betting that vibrant growth will underpin demand in overseas markets and complement a boom at home that’s seen the mill ramp up local output. “What is driving us is that, inherently, we find it is an interesting ...

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