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Bloomberg Hours before the seven House Democrats managers marched articles of impeachment across the Capitol last week, president Donald Trump secured what he’s relying on to counter any political damage — a cease-fire in the trade war with China. With little chance the Republican-controlled Senate will convict him on two articles of impeachment, the greatest danger to Trump is that ...

Bloomberg Two AstraZeneca Plc cancer drugs received orphan status for treatment of liver cancer, a designation that may eventually speed progress to approval. The US Food and Drug Administration (FDA) granted the special status reserved for rare conditions to Imfinzi, a lung cancer treatment, and tremelimumab, which has been tested in a combination in a variety of cancers, AstraZeneca said ...

Bloomberg Pension funds in Denmark have issued a warning to external managers, making clear that they risk being fired if caught engaging in aggressive tax optimisation. The move represents an industry wide measure intended to thwart tax avoidance and live up to the United Nation’s Sustainable Development goals. A total of 11 firms, representing over half of Denmark’s pension assets, ...

Bloomberg Ford Motor Co, LG Corp and Pernod Ricard SA joined the ranks of the top global companies that are best prepared for the effects of climate change. They won the “A” grade last year for how aggressive they are setting and meeting carbon goals, as well as how forthcoming they are about their efforts, according to an analysis by ...

ABU DHABI / WAM Abu Dhabi Fund for Development (ADFD), the leading national entity for economic development aid, on Sunday signed an agreement detailing the UAE’s capital contribution of $20 million (AED73 million) to the Arab Gulf Programme for Development (AGFUND). As one of the founding countries of AGFUND, the UAE has supported the programme’s objectives, goals and activities since ...

SHARJAH / WAM Real estate transactions valued AED24.2 billion in the Emirate of Sharjah in 2019 increasing by 7.3 percent in comparison to 2018, a report released by the emirate’s real estate department revealed on Sunday. According to the Sharjah Real Estate Registration Department (SRERD), annual report, 61,357 transactions were recorded in 2019, increasing by 13.4 percent in comparison to ...

Bloomberg Dozens have been killed and wounded in a missile attack on a training camp for government forces in the central province of Marib, Yemen, according to the Mareb Press news website. Citing an undisclosed medical source, the website said that 30 soldiers were killed and over 50 others wounded in an attack by missiles and drones, adding that the ...

Bloomberg Most Middle Eastern equity markets gained at the start of the week, with investors focusing on earnings across the region. Dubai’s benchmark index rose for a seventh consecutive session as banks and real estate companies climbed. Stock gauges in Bahrain, Oman, Kuwait and Egypt also advanced. Saudi retailer United Electronics Company, or Extra, finished at a record high after ...

DUBAI / WAM The growth pace of the regional logistics industry is set to intensify in the year 2020 on the back of boosted UAE growth expectations. The UAE is hosting the region’s first Expo, in 2020, a mega event which is poised to start in October and for which preparations are in full swing. The growth driven by the ...

ABU DHABI / WAM Recent statistics issued by the Organisation of the Petroleum Exporting Countries (Opec), highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018. This decrease is in line with the organisation’s recent decisions, in coordination with major independent producers, to maintain the balance in the global ...