Bloomberg Sanofi is voluntarily recalling heartburn medication Zantac in the US and Canada amid worries that the medicine may be tainted with a compound that could cause cancer. The French pharma company’s announcement follows decisions from major drugstore operators in the US, including Walgreens Boots Alliance Inc and Walmart Inc, to pull the medication from store shelves. In addition, manufacturers ...
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Brexit’s impact on world economy to be minimal, says Mervyn King
Bloomberg Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth. “I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of ...
Read More »Lebanon heads for showdown as protests gain momentum
Bloomberg Lebanon is headed for a showdown after the government suffered its first resignations, as the country enters its fourth day of demonstrations in the largest such unrest in years. Four ministers from a major Christian party, the Lebanese Forces, stood down as Prime Minister Saad Hariri said he was working around the clock to come up with a plan ...
Read More »AED687mn Emirati housing project inaugurated in Al Ain
Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of Abu Dhabi Executive Council, has inaugurated the Al Hayer residential project in Al Ain City. The AED687 million project includes 300 residential villas were built with typologies of Emirati housing in mind and designed around an ‘Emirati neighbourhood’ concept that meets the needs of Emirati ...
Read More »Nahyan bin Mubarak signs ‘Covenant for Million Tolerant’
Abu Dhabi / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, has signed the ‘Covenant for Million Tolerant’, launched by the Zayed House for Islamic Culture (ZHIC), last April, at the ministry in Abu Dhabi. Signing on the document is seen in the framework of the ministry’s support to all voluntary efforts and initiatives conducted by individuals, local, ...
Read More »Esma reveals strengths of UAE Halal system at Riyadh meet
ABU DHABI / WAM The Emirates Authority for Standardisation and Metrology (Esma), revealed the strengths of the UAE Halal system, which enabled it to spread reliably worldwide. It allowed the state to take the leading position in regional and international efforts in the Halal file, and provide advice to raise the technical capabilities of the countries wishing to join the ...
Read More »UAE readers donate over 3,000 books to disadvantaged kids
DUBAI / WAM Avid readers in the UAE have donated 3,266 books for underprivileged children during the Big Bad Wolf Book Sale at Dubai Studio City’s Sound Stage. This year, the Big Bad Wolf Book Sale has partnered with Dubai Cares to donate books to underprivileged children in Kenya. The event encourages the public to purchase and donate a book ...
Read More »Trump’s woes mount with witnesses, Mulvaney blunder
Bloomberg President Donald Trump confronted a steady drip of damaging revelations out of the House impeachment hearings, but it was his acting chief of staff essentially confirming one of the central allegations at the heart of the inquiry that could prove the most troublesome. Mick Mulvaney said at a White House briefing the president withheld nearly $400 million in US ...
Read More »Renault sets gloomy tone for EU auto sector by cutting outlook
Bloomberg Renault SA set a gloomy tone for the European automotive sector by slashing its outlook for revenue and profit, saying weakening economies are weighing on car sales and tougher rules on emissions have increased costs. The French carmaker’s shares fell the most since the arrest last year of former boss Carlos Ghosn. Renault reduced its financial guidance for 2019, ...
Read More »US lawmakers slam Apple for ‘censorship’ of apps at China’s behest
Bloomberg US lawmakers from both parties slammed Apple Inc and Chief Executive Officer Tim Cook for “censorship of apps†at the “behest of the Chinese government.†Senators Ted Cruz, Ron Wyden, Tom Cotton, Marco Rubio and Representatives Alexandria Ocasio-Cortez, Mike Gallagher and Tom Malinowski expressed concern about the removal of an app that let Hong Kong protesters track police movement ...
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