Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

Bloomberg Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment. Charging infrastructure in North America will draw $18.6 billion by 2030, according to a report by Wood Mackenzie Ltd. It’s not just North America that’s benefiting. There will be as many as 40 million ...

Bloomberg The latest US jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace. Employers added workers at a steady, albeit cooler, pace in July, and the prior two months were revised higher, Labor Department figures showed. Wages extended their ...

Bloomberg China intends to slap duties on US shipments of some fertilisers as part of a $60 billion ramp up in a trade war between the two nations. The good news for US producers is the move is unlikely to have any significant impact on their business. It’s “no concern,” RBC Capital Markets analyst Andrew Wong said in an email. ...

Bloomberg When the Acura NSX debuted at the Chicago Auto Show in 1989, it featured such newfangled technologies as an all-aluminum monocoque body, forged pistons, and titanium connecting rods. At the time, it was regarded as the best sports car ever produced by an Asian brand. “It was looked at as a fantastic car, relative to what you could buy ...

Bloomberg Facebook Inc, during all its years of expansion, has been focussed on one thing above all else: getting people to spend more time on its social network. Now, as tech giants face increasing criticism over the addictive nature of their products, the company is releasing features that do the opposite. Facebook and Instagram, its photo-sharing app, will add controls ...

DUBAI / Emirates Business Global innovator LG Electronics Inc (LG) is poised to define the future of artificial intelligence (AI) for consumers and businesses in the years ahead with the establishment of a major new AI research presence in North America in collaboration with leaders in academia and start-ups. The company is launching the new LG Electronics AI Research Lab ...

DUBAI / Emirates Business Immensa Technology Labs, the UAE’s leading Additive Manufacturing (AM or 3D printing) company, in collaboration with global leader in construction industry, Consolidated Contractors Company (CCC), released result of a world-first joint effort to recover a series of concrete casting techniques with the aid of large-format 3D printing. The ‘Sensorial Adaptive Concrete Screen’ was developed with NOWlab, ...

DUBAI / Emirates Business Apla, a technology company that develops blockchain solutions for governments and enterprises, introduced Smart Laws as an answer to transaction fidelity surrounding blockchain technology. Smart Laws allow verifying the existence of any licenses, permits and any other conditions necessary that were not taken into account when writing a smart contract. They provide a mechanism to verify ...

Bloomberg The Bank of England’s latest interest-rate increase has become another battleground in the vitriolic Brexit debate — yet many of the arguments overlook Governor Mark Carney’s reasoning. Despite Carney’s press conference and media interviews, some politicians and economists have been quick to call the move a mistake ahead of Britain’s departure from the European Union, while others said it ...