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Bloomberg Takata Corp. shares tumbled as much as 69 percent to a record low as the Tokyo Stock Exchange removed daily limits on the stock’s price declines following the company’s bankruptcy protection filings in Japan and the US The stock traded at 35 yen as of 11:21 a.m. in Tokyo trading. Shares of the air-bag maker have slumped 91 percent ...

Bloomberg Royal Philips NV’s $1.7 billion deal to buy Spectranetics Corp., a US maker of devices to treat cardiac disease, shows the Dutch company is moving more aggressively to bolster its growing health-care business. Philips will offer $38.50 a share in cash for the Colorado Springs-based company, according to a statement on Wednesday. The price is 27 percent above Spectranetics’ ...

Bloomberg Mergers and acquisitions in Canada are set for the strongest start in a decade as foreigners sell their oil sands investments. There have been about $132 billion of transactions recorded this year, the highest since $156.5 billion in the first half of 2007, according to data compiled by Bloomberg. Local companies snapped up these energy assets, boosting domestic M&A ...

Bloomberg Qatar will remain cut off from its neighbours unless its leaders meet the full demands of the Saudi Arabia-led coalition, a senior Saudi official said, even as the top US diplomat continued efforts towards a negotiated settlement. “We made our point, we took our steps and it’s up to the Qataris to amend their behaviour,” Saudi Foreign Minister Adel ...

Bloomberg Australian Prime Minister Malcolm Turnbull sought to focus attention on his plans to boost the economy, after conservative firebrand lawmaker Tony Abbott criticized the nation’s direction under Turnbull’s leadership. “Australians are bored, fed up with journalists and politicians talking among themselves,” Turnbull, who led the Liberal-National coalition to a razor-thin one-seat election victory a year ago, told reporters on ...

Abu Dhabi / WAM The amended executive regulations of this year’s Federal Traffic Law No. 21 will be implemented from July 1, as per Ministerial Resolutions 177 and 178 (2017) regarding traffic control rules and procedures. Brigadier Ali Khalfan Al Dhaheri, Director-General of Central Operations at Abu Dhabi Police, called on drivers to follow traffic rules and laws while confirming ...

Sharjah / Emirates Business Signaling a groundbreaking achievement for the UAE and the Arab world, Sharjah has been crowned with the prestigious ‘World Book Capital’ title for 2019 by United Nations Educational, Scientific and Cultural Organisation (UNESCO). The honour is a recognition of the emirate’s pioneering role in supporting and expanding the local and regional publishing industries, promoting reading to ...

Dubai / Emirates Business The Gulf Education and Training Exhibition (GETEX), the leading student recruitment platform in the Middle East and Asia, is set to return with its autumn edition to support higher education providers in student recruitment for their Fall 2017 and Spring 2018 sessions. Held under the patronage of the UAE Ministry of Education, GETEX Autumn 2017 will ...

Bloomberg India’s new goods and services tax will spark a flood of litigation on everything from which tax brackets companies fall into to the revenue they generate, some of the country’s top lawyers predict. The complex nature of India’s GST — which has four tax brackets ranging from five percent to 28 percent — is bound to attract thousands of ...

Bloomberg Cotton output in India, the world’s biggest grower, may increase to a three-year high as some farmers plant more of the fiber on better returns compared to other crops. Production will probably climb to 37.5 million to 38 million bales in the harvesting season starting Oct. 1, from 34.1 million bales a year earlier if the monsoon is normal ...