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Bloomberg Big US companies are paying higher risk premiums when they borrow and finding less demand for their bonds, a sign that investors are worried about rising wages and slow- ing economic growth hitting corporate profit growth. Companies are responding by borrowing less: they sold around $8 billion of US investment-grade debt last month, about a seventh of the average ...

Bloomberg Just as the pharmaceutical industry’s biggest conference of the year is set to get under way, President Donald Trump took to Twitter to complain that drugmakers aren’t “living up to their commitments on pricing.” Despite talk about halting increases and lowering the price on some treatments, pharmaceutical companies on January 1 returned to the practice of regular price hikes ...

Bloomberg UK mortgage approvals dipped to a seven-month low in November and unsecured credit rose at its slowest annual pace for almost four years, the Bank of England (BOE) said. The figures reflect weakening consumer confidence as fears mount that Britain could crash out of the European Union without a deal. House prices rose the least since 2013 last year, ...

Bloomberg Earnings estimates for suppliers to Apple Inc have fallen along with their share prices since October las year, but estimates for at least one notable name are holding on: Broadcom Inc. Unlike other companies with a lot of exposure to the iPhone maker, which lowered its sales outlook, Broadcom’s earnings estimates have actually risen. Currently, the semiconductor maker is ...

Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

DUBAI / Emirates Business The Department of Economic Development – Ajman (DED-Ajman) signed a strategic cooperation agreement with Khalifa Fund for Enterprise Development (KFED) to help bolster and promote a culture of entrepreneurship in the UAE. The agreement looks towards identifying objectives and areas of cooperation between the two parties to serve public interest and provide much needed support to ...

ABU DHABI / WAM A number of economic officials and analysts have affirmed that the outlook for the UAE economy is highly positive despite global headwinds. The country’s real gross domestic product (GDP) is expected to grow 3.7 percent this year, higher than the 2.9 percent forecast for 2018 and the 0.8 percent growth achieved in 2017, according to the ...

Abu Dhabi / WAM The UAE has succeeded in adopting a sustainable strategy for artificial intelligence (AI) through digital technology and youth over the past two decades and has begun early planning to transform to smart and green cities that achieve sustainable development for future generations. The UAE believes that AI is the key pillar on which service sectors and infrastructure ...

Al Mukalla / WAM As part of the ‘Year of Tolerance’ celebrations, the Emirates Red Crescent (ERC), has made delivery of 50 laptops to Hadramout University of Science and Technology. The laptops were handed on Saturday to the Dean of Students Affairs at the university, in the presence of Shawgi Al Tamimi, Supervisor of the ERC Projects. Al Tamimi said ...

Abu Dhabi / WAM The falling temperatures in New Delhi had no effect on the warmth and hospitality extended to Sharjah, as the guest of honour of the 27th New Delhi World Book Fair (NDWBF 2019), by the fair organisers, National Book Trust (NBT), and other local dignitaries in attendance at the opening ceremony on Saturday. English and Hindi translations of ...