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Bloomberg Drugmakers are racing to find medicines that can curb the spread of the coronavirus as the infection bypasses China’s travel restrictions. Pharmaceutical companies from Gilead Sciences Inc to Moderna Inc are pursuing two main strategies: helping to re-purpose medicines developed against other lethal viruses from Ebola to HIV, and relying on new technologies to develop a vaccine faster than ...

Bloomberg Renault SA could name a new chief executive officer ahead of a crucial meeting in Japan on Thursday aimed at showing that the deeply-troubled alliance with Nissan Motor Co and Mitsubishi Motors Corp is moving past the Carlos Ghosn era. The French carmaker’s board gave the green light for Luca de Meo to become the new CEO, Le Parisien ...

Bloomberg Temasek Holdings Pte has “significantly” increased the number of companies it’s bought into while boosting the value of its portfolio by about 3%, Temasek International Chief Executive Officer Dilhan Pillay said. The Singapore state investor’s portfolio value as of March 31, 2019 was S$313 billion ($232 billion) — up 1.49% from the year prior. When asked how it has ...

DUBAI / WAM Dubai International Financial Centre (DIFC), has announced the enhancement of its digital onboarding platform, in line with the centre’s continued emphasis on improving the ease of doing business. According to a press release issued by DIFC on Sunday, the new fully integrated digital platform offers a simplified onboarding process and enhanced user experience. The streamlined digital process ...

DUBAI / WAM The Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, the Dubai Gold and Commodities Exchange (DGCX), the largest derivatives exchange in the Middle East, and Richcomm Global Services, the largest independent broker on DGCX, will be hosting the seventh edition of the “Global Commodity Outlook ...

Dubai / WAM Following the vision of the Dubai Blockchain Strategy 2020, announced in October 2016 by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, Smart Dubai has delivered on its promise of building a thriving Blockchain ecosystem in the city and establishing Dubai as the world capital of ...

Abu Dhabi / WAM Abu Dhabi’s efforts to become one of the world’s top sports tourism destination in 2019 have not stopped, nor has its excellence in hosting international and continental sporting events. Abu Dhabi achieved a new record in the sport of fishing, as the Abu Dhabi Grand Fishing Tournament for King Fish and Cobia announced the sale of ...

Bloomberg President Donald Trump was recorded during a private meeting in April 2018 saying that the US should “get rid of” then-US ambassador to Ukraine Marie Yovanovitch, according to a video provided by an attorney for Lev Parnas, an associate of the president’s personal lawyer Rudy Giuliani. The iPhone video, which is more than an hour long, shows Trump walking ...

Bloomberg Japan’s goal of attracting 40 million visitors this year may already be in danger, following China’s decision to ban tour groups going overseas to help contain the impact of the rapidly spreading novel coronavirus. Chinese tourists made up almost a third of all arrivals to Japan in 2019, in a year that saw visitor growth impacted by a diplomatic ...

Bloomberg India’s economy appears to be shaking off a slump, as activity in the services and manufacturing sectors expanded for a second straight month in December. The needle on a gauge measuring so-called animal spirits signalled the economy may be taking a turn for the better, as five of the eight high-frequency indicators tracked by Bloomberg News came in stronger ...