Bloomberg Shares in Chinese biotechnology company Beigene Ltd. jumped the most in eight months after Hillhouse Capital invested about $1 billion in the largest equity financing ever by a biotech company. The Asian private equity firm’s stake in Beigene increased to about 12.7%, according to a regulatory filing confirming a report by Bloomberg News. Hillhouse acted as the anchor investor ...

Dubai / WAM A new launch date for the UAE Hope Probe mission to Mars have been set for Friday July 17 at 12:43am UAE time. The UAE Space Agency and the Mohammed bin Rashid Space Centre, in collaboration with Mitsubishi Heavy Industries, made the announcement following a decision to delay the mission due to bad weather conditions. The UAE’s ...

Bloomberg The Organisation of Petroleum Exporting Countries (Opec) expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output. The Opec forecasts the need for its crude will surge by 25% in 2021 to average 29.8 million barrels a day, higher than the level required in ...