Bloomberg AstraZeneca Plc will invest $360 million building a new manufacturing facility for small molecules in Dublin, dashing UK hopes that the drugmaker would develop the site at home. The plant will ensure that Astra’s global supply network can meet the needs of its pipeline of new medicines, the company said in a statement. The facility will create 100 highly ...

Bloomberg Italian electricity prices traded near record highs, heightening government concerns about the impact soaring energy costs will have on consumer power bills. The average weekly price of power soared 17% to 163 euros ($191) per megawatt-hour last week, according to data from the country’s Energy Market Manager. Power prices are expected to climb 40% in the third quarter, Ecological ...

Bloomberg Emergency unemployment benefits in the US expired two weeks ago, but employers who expected an increase in job applications are still largely waiting for them to roll in. Federal programs that had offered an extra $300 per week for jobless Americans, provided extended benefits for the long-term unemployed and gave special aid for the self-employed expired on September 6. ...

Bloomberg Facebook Inc said it has spent more than $13 billion on safety and security efforts since the 2016 US election, and now has 40,000 employees working on those issues. The 40,000 safety and security workers include outside contractors who focus on content moderation, a spokesman said. Facebook said it had over 35,000 safety and security employees in October 2019. ...

Bloomberg Redwood Materials Inc, the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles. The goal of the partnership is to create a closed loop for EV battery production within the US. Ford will ...

Bloomberg Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) and secure supplies for electric Mercedes-Benz cars. The world’s biggest luxury-car maker will take a 33% stake in battery manufacturer Automotive Cells Company, whose projects will be financed through equity, debt ...

Bloomberg Apple Inc’s upcoming smartwatch is suffering production snags as manufacturers adjust to a new design, likely leading to shipment delays or supply constraints, according to a person familiar with the situation. The device is expected to have a larger screen, alongside a faster processor, Bloomberg has reported. The upgrade has brought manufacturing challenges, according to the person, who asked ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the allocation of AED65 billion to an Emirati housing programme in Dubai. The budget will be spent over the next two decades to provide quality housing for Emiratis. His Highness also issued directives to quadruple the ...

Abu Dhabi / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led an official delegation to New Delhi to launch talks on expanding trade and investment relations. During the official economic mission, Dr. Al Zeyoudi and Shri Piyush Goyal, India’s Minister of Commerce and Industry, jointly established the India – United Arab Emirates Comprehensive ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) and the National Emergency Crisis and Disasters Management Authority (NCEMA) announced on Wednesday that it is not mandatory to wear a face mask in certain places while keeping a safe physical distance of two metres. According to new decision, face masks will no longer be mandatory when exercising in ...