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Bloomberg Bristol-Myers Squibb agreed to acquire Celgene Corp in a record-sized $74 billion deal that will unite two drugmakers battling for advantage in a crowded market for innovative cancer treatments. Both companies have faced investor wariness about their prospects in recent months. Bristol makes an immunotherapy drug called Opdivo that accounts for roughly a quarter of its sales but that ...

Bloomberg Apple Inc plunged to its lowest price in a year-and-a-half after the company cut its revenue outlook for the first time in almost two decades, citing weaker demand in China. Chief Executive Officer Tim Cook said sales will be about $84 billion in the quarter ended on December 29, down from earlier estimates of $89 billion to $93 billion. ...

Bloomberg The first week of the new year brought a slew of bleak reports for the UK economy, highlighting the scale of the challenges to come as Britain prepares to leave the European Union. Data showed the housing market had its worst 12 months since 2013 last year, consumers remained reticent about borrowing and a gauge of services, the largest ...

Bloomberg PG&E Corp is considering filing for bankruptcy protection within weeks as a way of organising billions of dollars in potential liabilities tied to deadly wildfires that ravaged parts of California in 2017 and 2018, according to people familiar with the situation. The California utility giant may decide to file by February, said the people, asking not to be identified ...

Bloomberg Another year, another increase to your monthly pay-TV bill. Giants including Comcast Corp, Dish Network Corp and AT&T Inc’s DirecTV plan to raise rates again in the new year, a move that could boost revenue but risks alienating subscribers who have been ditching their traditional TV subscriptions in record numbers. Cable and satellite providers are hoping to squeeze more ...

Bloomberg Oil started 2019 with another price slide as weaker Chinese manufacturing data pointed to slowing demand in the world’s second-biggest consumer of the fuel and to growing risks of a global crude surplus. Futures declined 1.6 percent in New York after a turbulent 2018 that saw volatility soar in its final weeks as concerns over the US-China trade dispute ...

ABU DHABI / WAM The Federal Customs Authority has announced that the total value of customs duties transferred by the UAE to the GCC countries amounted to about AED1 billion in 2018, as well as transfers from the GCC to local customs administrations. The transfers were through the implementation of 168,726 transactions in the automated transfer customs duty (ATCD) system, ...

DUBAI / WAM Dubai Municipality said that it won the first prize in the eighth edition of the Climate Change Awards 2018 for the results of the study on the use of nanotechnology in paints under prevailing climatic conditions and their impact on reducing the carbon footprint. The award comes as an embodiment of the municipality’s commitment to its strategic ...

Abu Dhabi / WAM Abu Dhabi Sustainability Week, (ADSW) which will be held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, from January 12-19 will witness significant growth in the number of participating countries and visitors, by a rate exceeding 250 percent ...

DUBAI / WAM Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, has emphasised that any discussion on civilisations is rendered null and void if “you do not refer to the exceptional leaders who develop the values, principles, and visions that drive these civilisations.” “The Greek civilisation introduced us to men of learning such as Aristotle, Plato, ...