Abu Dhabi / WAM The Abu Dhabi Health Services Company (Seha) has signed an agreement with Kahn-Sagol-Maccabi (KSM), the research and innovation centre of Israel’s Maccabi Healthcare Services, to promote joint medical research and technological innovation. The agreement – signed in Abu Dhabi – will also support the Emirate’s goal of building a genomic research registry to optimise clinical ...

As the race to succeed Boris Johnson as leader of the UK Conservative Party and British prime minister heats up, the sole candidate not promising tax cuts needs to stick to his fiscal guns. Rishi Sunak, the former chancellor of the exchequer, is the current frontrunner. He faces a tough fight, though, with all of the other candidates pledging to ...

The cybersecurity community was set alight by the announcement of new cryptographic algorithms designed to protect our digital futures. Now the race is on to roll out software and hardware that will secure computers against a threat that still only exists in theory. After a six-year search, the US Commerce Department’s National Institute of Standards and Technology announced it had ...

  While leveraged buyouts struggle, one corner of private equity just keeps on going — the pursuit of infrastructure assets such as airports, gas pipelines and broadband networks. Combine strong demand for these inflation-proof businesses with rising borrowing costs, and the risk of overpaying for deals is rising. The Italian billionaire Benetton family and Blackstone Inc clinched an agreement to ...

  In recent months, the Federal Reserve has taken a lot of heat from asset managers for letting inflation run out of control and now risking a recession with rapid rate hikes. The chorus of complaints revolves around its perception in the marketplace. “If the Fed doesn’t do its job, the market will,” wrote Bill Ackman, founder of Pershing Square ...

Bloomberg London Heathrow is imposing a two-month cap on daily passenger traffic to contain flight chaos, a dramatic response by the UK’s busiest airport to address the struggle with surging demand for travel. The airport will limit daily passenger traffic to 100,000 departing people through September 11, asking carriers to refrain from selling summer tickets. Current forecasts are modeling for ...

Bloomberg Air France-KLM’s French low-cost carrier, Transavia, cancelled 15% of flights amid a dispute with cabin crew, exacerbating the chaos engulfing European air travel. Dozens of the company’s flights from Paris-Orly airport were not operating, according to the SNPNC union, which had called for strike action over wages. The labour group refused to sign a deal agreed to with other ...

  Bloomberg South Africa’s minister in charge of embattled state-owned companies gave an impassioned defense of the sale of a majority stake in the national carrier for about $3 — a deal that’s subject to a lawsuit from one of the spurned bidders. The privatisation of South African Airways (SAA) is a vital reform for the country’s battered economy, Public ...

  Bloomberg Amazon.com Inc’s Prime Day sale is luring bargain hunters looking to stock up on pantry items and cheap electronics despite a dearth of deals. Typical household spending was $88.28 as of noon New York time, up 20% from the early hours of the previous sale last June, according to Numerator, which is tracking Prime Day spending from 973 ...

  Bloomberg Wm Morrison Supermarkets’ planned takeover of struggling UK convenience store-chain McColl’s Retail Group Plc will get a formal antitrust probe from Britain’s competition watchdog. The Competition and Markets Authority (CMA) said it had officially kicked off a merger inquiry into the deal to see whether it would result in a lessening of competition in the UK groceries market, ...