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Bloomberg GlaxoSmithKline Consumer Healthcare Ltd. is headed for a record high after parent GlaxoSmithKline Plc was said to have requested bids by mid-September for its Indian consumer-health unit. Shares of the Indian unit rose as much as 8.3 percent, the biggest intraday advance since February 14, and were set for a record close in Mumbai. Glaxo has sent out an ...

Bloomberg Australia banned China’s Huawei Technologies Co. and ZTE Corp. from supplying next-generation wireless equipment to the nation’s telecom operators, the latest blow in an escalating global battle over network security. The government gave carriers new security guidance for fifth-generation mobile technology and warned that using government-linked suppliers would risk breaching their obligations. The nature of 5G technology means security ...

Bloomberg A weakening Hurricane Lane has brought record rainfall to Hawaii, where flooding threatens $8 billion worth of homes. In 12 hours, 16.48 inches of rain fell on the Big Island of Hawaii, and daily records were set at Hilo International Airport on Wednesday and on Thursday, the National Weather Service said. Roads on the Big Island have been washed ...

Bloomberg Walmart Inc. has asked its cosmetics suppliers to consider sourcing their goods in countries outside of China, one of the first signs that the world’s largest retailer hopes to dilute the impact of the Trump administration’s looming tariffs. A “large amount” of items in the cosmetics category fall under the most-recent proposed levies on Chinese goods, according to an ...

Bloomberg Elon Musk scrapped his plan to take Tesla Inc. private, a remarkable reversal more than two weeks after blindsiding employees and investors with the idea in a bombshell tweet. In a blog post, Tesla’s chairman, CEO and largest shareholder said he had met with the board and “let them know that I believe the better path is for Tesla ...

Bloomberg The head of the World Trade Organization (WTO) said the UK risks trade disruption in the event of a no-deal Brexit because it is “very unlikely” to have agreed tariffs and quotas with the other WTO members in time. “The moment that other countries begin to sense an opportunity to increase their market share or increase a quota here ...

Bloomberg Papa John’s International Inc. jumped after a report the struggling pizza chain has hired Bank of America Corp. and Lazard Ltd. to help find ways to stabilise its operations. The company, which saw sales sink last month after founder John Schnatter resigned as chairman over the use of a racial slur, rose as much as 5.5 percent following the ...

Bloomberg Home-rental providers Airbnb Inc. and HomeAway are suing New York City over a recently passed law that allows the collection of data on the websites’ hosts, claiming the ordinance violates users’ constitutional rights. Airbnb is hoping to avoid millions in losses when the law, designed to police short-term home rentals, takes effect this winter. The New York City legislation, ...

Bahrain/ Emirates Business Gulf Air, the flag carrier of the Kingdom of Bahrain, took delivery of its first A320neo. The aircraft, powered by CFM LEAP-1A engines, made its maiden journey from Toulouse to Bahrain, landing at the Bahrain International Airport at 16:00 local time. The aircraft is the first of the 29 A320neo Family aircraft ordered during the 2016 Bahrain ...

RIYADH / WAM Saudi Arabia’s Royal Air Defence Forces intercepted a ballistic missile launched by Iranian-backed Houthi militias towards the Kingdom, said the Arab Coalition Command in a statement. No injuries or casualties were reported. Colonel Turki Al Malki, the Arab Coalition official spokesman, said that at 21:25 on Friday, the Coalition Air Defence detected the launch of a ballistic ...