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Bloomberg Southeast Asian countries have agreed to exclude the Myanmar’s junta leader from a big ticket summit later this month, a rare and decisive move to hold the regime accountable for worsening civil strife in the country and refusing to engage with its political opponents. Myanmar, controlled by a military junta led by Min Aung Hlaing since a February coup, ...

Bloomberg President Joe Biden said he’d like to see his economic plan address a “whole range of issues,” even if funding for individual provisions must be pared back or timed to expire to keep the legislation’s cost down. “The question is how much of what is important can we get in the legislation,” Biden told reporters in Connecticut, after earlier ...

Bloomberg Elon Musk made a surprise appearance at a Volkswagen AG conference, addressing 200 executives of one of his biggest competitors about the German company’s pivot to electric vehicles, his management style, and supply chain and production issues. In a rare move by a corporate titan addressing a competitor, Tesla Inc’s chief executive officer spoke in the video conference at ...

Bloomberg Cost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for more disappointment than elation. While strong numbers from behemoths like LVMH and SAP SE reassured European stock investors last week, further good news may be needed to keep the rally alive. Rising inflation and a stalling global recovery pose ...

Bloomberg AstraZeneca Plc won a federal court ruling upholding a key patent for its diabetes drug Farxiga, staving off threats from cheaper versions. A trial without a jury in May centered on the validity of a patent that covers Farxiga’s active ingredient, dapagliflozin, its combination with a carrier and methods of treatment. Zydus Cadila conceded infringement before the trial, a ...

Abu Dhabi / WAM AD Ports Group on Saturday announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million ($499 million) compared with AED 1,517 million ($413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and ...

AMSTERDAM / WAM Mohammed Jalal Al Rayssi, Director-General of Emirates News Agency (WAM), has met with Jacqueline Lampe, CEO at RNW Media, and Wouter van Tongeren, Director of Partnerships Management at RNW Media, based in Amsterdam, Netherlands. RNW Media is among the most crucial youth training centres concerned with training media professionals in various countries on the latest professional media ...

Dubai / WAM The Slovakia Pavilion at Expo 2020 Dubai has unveiled the country’s first hydrogen car – a sleek, aerodynamic sports car that produces no harmful emissions. The MH2 hydrogen car was designed by Branislav Maukš, the Slovak designer who has contributed to the design of every Ferrari model since 2007. The concept car boasts a unique, functional design, ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) announced that the Mysk Moon Retreat has begun welcoming guests and bookings to experience the emirate’s first-of-its-kind luxury glamping destination, and unveiled four new luxury hospitality projects in Sharjah’s Central and Eastern regions which are: Al Jabal Resort in the city of Khorfakkan, a luxurious hotel in the city of ...

Bloomberg The US continues to observe activity at North Korean nuclear sites that is “inconsistent with full denuclearisation,” the Defense Intelligence Agency (DIA) said in a report issued. The conclusion, based on observations at the Yongbyon nuclear site and elsewhere, echoes assessments delivered to former President Donald Trump by US intelligence agencies, despite Trump’s efforts to engage in direct summit ...