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Bloomberg Investor angst over Kim Jong Un is helping gold get its groove back. Bullion rose, trimming a weekly loss, after Russia’s state news service quoted Russian legislator Anton Morozov as saying North Korean officials are planning a new test soon of a missile capable of reaching the US West Coast. Geopolitical tensions are reviving haven demand for the precious ...

­­­­­­­­­­­Bloomberg Amazon.com Inc. is almost certain to enter the business of selling prescription drugs by 2019, said two analysts at Leerink Partners, posing a direct threat to the US’s biggest brick-and-mortar drugstore chains. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to clients. “We expect an announcement within the next 1-2 years.” ...

Bloomberg The House Intelligence Committee is asking officials from Facebook Inc., Twitter Inc. and Alphabet Inc.’s Google to testify publicly as part of its Russia probe on November 1, the same day as a planned Senate Intelligence hearing, according to two people familiar with the decision. That would set up a marathon day for the social media companies, which are ...

Bloomberg General Electric Co.’s management overhaul marked the latest departures of high-profile executives from a company that has traditionally served as an incubator of corporate bosses. Chief Financial Officer Jeffrey Bornstein is leaving at the end of the year. Two other company veterans and GE vice chairs, Beth Comstock and John Rice, are retiring from the company. They’re following Steve ...

Bloomberg HelloFresh, the meal-kit startup owned by Rocket Internet SE, aims to announce an initial public offering in the second half of October as the German company tries to distance itself from the post-IPO flop of Blue Apron Holdings Inc., people familiar with the matter said. HelloFresh has been waiting for preliminary third-quarter earnings to be ready to show investors ...

Bloomberg Two major hurricanes knocked down payrolls in September, yet the US labour market is holding up just fine. That’s the broad message from employment figures released by the Labor Department. Payrolls fell for the first time since 2010, reflecting Hurricane Harvey’s impact on Texas and Irma’s fallout in Florida. At the same time, the unemployment rate dropped to a ...

Bloomberg President Donald Trump, who has pushed for broad rollbacks of regulations on the environment, markets, banking and other areas, mused on Twitter about restoring a media rule killed under a president he cites as one of his heroes, Ronald Reagan. “Late Night hosts are dealing with the Democrats for their very ‘unfunny’ & repetitive material, always anti-Trump! Should we ...

Bloomberg Oman pledged to create 25,000 public sector jobs by December, a move that risks adding to a budget gap that was the Gulf’s widest last year. The government will follow up with additional measures to address the lack of jobs in the sultanate, the state-run Oman News Agency reported on Wednesday, citing the cabinet’s decision a day earlier. Unemployment ...

Dubai / WAM In line with its mandate to position Dubai as the global capital of the Islamic Economy, the Dubai Islamic Economy Development Centre (DIEDC), in partnership with Dubai Exports, the export promotion agency of Dubai Economy, recently led a multi-sector trade mission to Australia. The aim of the high level and diverse group was to capitalise on the ...

Bloomberg President Vladimir Putin said Russia may agree to extend a deal with OPEC to curb oil supplies beyond March to the end of 2018, though he’ll wait to make a decision until nearer the end of the existing pact. “Based on the realities in March 2018, we will make our decision, but I do not rule out that we ...