Bloomberg The US Supreme Court agreed to hear a dispute that could help clarify the steps needed to get low-cost alternatives to pricey biotechnology drugs on the market. It will be the first time the high court has agreed to interpret a 2010 provision of Obamacare that enabled the US Food and Drug Administration to approve biosimilars, which are ...

  Bloomberg Italian industrial output increased more than estimated in November, signaling a possible acceleration in economic activity. Production rose 0.7 percent from October when it increased a revised 0.1 percent on a monthly basis, statistics agency Istat said in Rome. The median estimate in a Bloomberg survey of 20 analysts called for a 0.2 percent gain. On an annual, ...

  Bloomberg Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as a refuge from Manhattan’s high costs. Purchases in Brooklyn rose 22 percent from a year earlier to 2,582, while the median price of those deals climbed 15 percent to a ...

  Bloomberg Nintendo Co.’s new Switch gaming console is off to an underwhelming start. The new machine, a tablet-sized device with wireless controllers that can be used anywhere but also connects to TVs, will go on sale March 3 at a price of $300, with a brand-new Zelda game as its launch title. None of that, however, was enough to ...

  Emirates Business The Middle East is one of the leading markets for smartphones and countries such as the UAE and Saudi Arabia boast over 90% smartphone penetration – among the highest in the world. Smartphone manufacturers are well aware of this and top brands such as Apple and Samsung now have just one year upgrade cycles on their flagship ...

  Bloomberg Just over two years after leaving Google, Andy Rubin is preparing to take on the smartphone industry he helped create. Rubin, creator of the Android operating system, is planning to marry his background in software with artificial intelligence in a risky business: consumer hardware. Armed with about a 40-person team, filled with recruits from Apple Inc. and Alphabet ...

  DUBAI / WAM Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, this week reached about AED2.62 billion, while value of stocks they sold stood at AED2.64 billion, with net foreign investment on the market reaching AED14.1 million during the period, as aggregate sell. Value of shares bought by foreigner investors ...

  ABU DHABI / Reuters More mergers are likely in Abu Dhabi as institutions there tie up in ways that are positive for their business, Khaldoon Khalifa al-Mubarak, group chief executive of Abu Dhabi state fund Mubadala, said on Thursday. “There’s an appetite for more mergers. I expect to see mergers continue in a positive way in Abu Dhabi,” Mubarak ...

  DUBAI / WAM Drydocks World has yet again attained a 5 star grading from the British Safety Council, on adopting international best practice standards in occupational health and safety. The Drydocks says it strives to consistently improve and achieve sustainable business growth while always upholding the yards core value of a safe work environment. The yard achieved an audited ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) organised a hackathon challenge to encourage its employees to innovate and create new ideas to develop DEWA’s services and achieve the happiness of its customers. This is in line with the directives of the wise leadership to encourage and enhance innovation across all areas. It also supports DEWA’s efforts to instill ...