News

  New York / BLOOMBERG Shares of Juno Therapeutics plunged after regulators suspended a clinical trial of a leukemia treatment following two patient deaths last week. The two patient deaths occurred after Juno recently added fludarabine to its chemotherapy regime that accompanies its cell treatment for acute lympoblastic leukemia. Juno, in a statement released after markets closed on Thursday, said ...

  Washington / AFP The US automotive safety regulator said it was investigating complaints of brake failures on Harley-Davidson motorcycles that have resulted in reports of three crashes and two injuries. “Riders report sudden brake system failure occurring without warning,” said the National Highway Traffic Safety Administration, which has received 43 complaints. About 430,000 motorcycles are involved in the probe, ...

  Quito / AFP The International Monetary Fund said it approved a $364 million emergency loan to Ecuador after the country was hard-hit by an earthquake in April. The money will help the country steady its finances while it addresses the huge losses from the quake, which killed some 700 people. “The April 16 earthquake that hit Ecuador caused significant ...

  Bloomberg Currency traders are going back to basics, set to watch the performance of the U.S. economy more closely than political events to discern the dollar’s direction. A gauge of the greenback posted a weekly gain as a report showed the U.S. June jobs growth exceeded forecasts by more than 100,000, raising the likelihood of a Federal Reserve interest-rate ...

  Ritika Sharma / Emirates Business Banking apps and mobile wallets will soon surpass the traditional payment methods in the UAE as more and more customers seek comfort in cashless payment systems. A vast appetite for technological advancements in the payments industry is helping in making the country one of the leading countries in the world, when it comes to ...

  Sunaina Rana / Emirates Business Robots will no longer be just machines. As innovation drives many technological advancements around the world, IT company ASUS has come up with its first-ever tech-kid — ‘Zenbo’. The home robot has specific functions which include assisting senior family members with their health, giving reminders of important information, monitoring and alerting about emergency situations ...

  Alkesh Sharma / Emirates Business Members of the Organisation of Islamic Countries (OIC) always have a unique advantage when it comes to Muslim travel, thanks to the plethora of Muslim-friendly facilities and services available. However, some non-OIC destinations have also started targeting the Muslim travel market and are making sustainable efforts to offer tailor-made services to attract them. Recent ...

  Sunaina Rana / Emirates Business Mobile phones are an integral part of digital advancements that are transforming almost every sector these days. Experts say the Mobile Capture technology will change the face of information management soon. Stressing on the importance of a high-tech future, Emma Isichei, Worldwide Category Director, Capture Solutions at Kodak Alaris, emphasizes the need for adopting ...

  Sunaina Rana / Emirates Business In the wake of the New Year’s Eve blaze in a hotel in the United Arab Emirates, the Civil Defense Authorities in the nation have been working on new fire safety regulations for buildings. UAE represents a multi-cultural hub for industries, residence and tourism, owing to which fire safety becomes a vital element. As ...

  ABU DHABI / Emirates Business Abu Dhabi Duty Free is providing passengers with a fantastic shopping experience this summer season with an unprecedented number of promotions, retail exclusives and culinary treats. Offers include ‘spend & win’ promotions across all shops throughout the airport, with cash vouchers being given away. Sharaf DG and Pure Gold are also introducing special products ...