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Bloomberg Takeda Pharmaceutical Co. reached an agreement to buy larger rival Shire Plc for about 46 billion pounds ($62 billion) in a deal that transforms it into a top drugmaker in the lucrative business of rare diseases and boosts its heft in the US. The Japanese company capped a drawn-out pursuit by agreeing to pay Shire 49.01 pounds a share ...

Bloomberg A slew of ride-hailing ventures are taking to the gridlocked streets of Manila, undeterred by the market dominance of Grab now that it controls Uber in the Philippines. Hype Transport Systems Inc. and Ipara Technologies and Solutions Inc. are just two of the five new entrants approved by the regulator since Grab agreed to take over the operations of ...

Bloomberg Italy is heading for a snap election that may boost the chances of a populist government taking power. Luigi Di Maio, head of the anti-establishment Five Star Movement, and Matteo Salvini, who leads a center-right alliance and the anti-immigrant League, are pressing for an election in July after efforts to form a government broke down. The populist rivals met ...

Bloomberg Qualcomm Inc, the biggest maker of mobile-phone chips, is preparing to give up its push to develop processors for data-center servers, an effort that sought to break Intel Corp’s hold on the lucrative market, according to a person familiar with the company’s plans. The San Diego-based company is exploring whether to shutter the unit or look for a new ...

Bloomberg Swedish fintech company iZettle AB announced its intention to file for an initial public offering on the Nasdaq Stockholm stock exchange. The company, which competes with Square Inc. and Canada’s Shopify Inc, is seeking to raise 2 billion kronor ($226.6 million) and in a statement on Tuesday said it expected its IPO to be completed this year. Carnegie Investment ...

Bloomberg Athenahealth Inc. surged after activist investor Elliott Management Corp bid to acquire the medical company for $160 a share, saying executives had “failed to correct a host of operational issues.” Elliott, the New York hedge fund led by billionaire Paul Singer, said that it made an all-cash takeover offer, which would value Athenahealth at $6.46 billion. Athenahealth, which makes ...

Abu Dhabi / WAM Abu Dhabi Ports signed a 30 year concession agreement with Mediterranean Shipping Company (MSC), a Swiss-based leader in global transportation and logistics, to establish a new container terminal in the UAE located at Khalifa Port. The new terminal will benefit from Khalifa Port’s advantages as one of the region’s most technologically-advanced ports and one of the ...

Sharjah / Emirates Business Thirty-five Chinese publishing houses have visited Sharjah Publishing City (SPC), the world’s first free zone dedicated exclusively to the publishing industry, to explore investment opportunities and view the facilities on offer to organisations looking to either expand or enter into the regional market. The delegation was briefed about the free zone’s industry-specific services and amenities by ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of Dubai Airports and Patron of Airport Show, on Monday opened the 18th edition of the Airport Show in Dubai. Opening the world’s largest annual aviation event, Sheikh Ahmed said that the contribution of the aviation sector ...

Dubai / WAM A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will ...