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October 22, 2019 Energy
Bloomberg Construction of coal-fired power plants in Southeast Asia has slowed significantly since 2016, with only Indonesia starting any new stations in the first half of this year, according to a report by Global Energy Monitor. The region, which has been targeted as a growth center in coming years for coal-fired power, saw 1,500 megawatts of capacity enter construction in ...
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October 22, 2019 International News, Uncategorized
Bloomberg UK Prime Minister Boris Johnson’s Brexit deal could permanently bind Northern Ireland to European Union law, according to an Irish judge at the bloc’s second-highest court, who suggested the accord may eventually bring the people of the island of Ireland together. Johnson’s agreement — still awaiting a sign-off from the UK parliament — would have “very long-term consequences for ...
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October 22, 2019 International News
Bloomberg Harley-Davidson Inc profit beat estimates as the motorcycle maker pared back spending plans to partially offset shrinking sales in the US, its biggest market. Adjusted earnings fell to 70 cents a share in the third quarter, the Milwaukee-based manufacturer said in a statement Tuesday, exceeding analysts’ average estimate for 67 cents. Harley shares climbed as much as 7.3% in ...
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October 22, 2019 International News, Uncategorized
Bloomberg Biogen Inc will ask US drug regulators to approve the company’s experimental Alzheimer’s therapy, reviving the nearly abandoned treatment after a new analysis of data from two failed clinical trials showed promising results. The company said it made the decision after talking with the Food and Drug Administration (FDA), and reviewing data from a set of experimental trials showing ...
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October 22, 2019 International News
Bloomberg Stamps.com Inc shares rallied on Tuesday ahead of the opening bell after United Parcel Service Inc announced a pact to offer discounted shipping rates to the company’s customer base of more than 740,000. “We long mentioned a new partnership was needed to help lift shares and believe the UPS collaboration is a step in the right direction,†wrote Darren ...
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October 22, 2019 International News, Uncategorized
Bloomberg Novartis AG raised its earnings forecast for the third time this year as new drugs including gene therapy Zolgensma got off to a strong start. Sales of the world’s most expensive drug beat analysts’ estimates with more than 100 children treated since Zolgensma’s May approval. Novartis said plans are in place covering about 90% of commercial patients and about ...
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October 22, 2019 Opinion
At a gathering of military and intelligence veterans, one topic shrouded the room: President Trump’s decision to abandon Kurdish fighters in Syria who had fought and died to help America destroy the IS. “It’s a dagger to the heart to walk away from people who shed blood for us,” one former top CIA official who attended the black-tie dinner told ...
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October 22, 2019 Opinion
Apple Inc.’s suppliers have walked a tightrope for a long time. They try very hard to get their products into the iPhone because it can mean a massive increase in sales. But they must proceed with care, as doing so risks yoking their business to the whims of the Silicon Valley giant’s famously capricious supply chain operations. When iPhone sales ...
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October 22, 2019 Opinion
London’s Extinction Rebellion, the undeniably effective local offshoot of the global environmental protest group, has been out in force again this week, shutting down streets in the financial district and disrupting flights from City Airport. Its so-called Autumn Uprising has led to more than 1,600 arrests, and provoked some very angry commuters. People from Greta Thunberg to Stanley Johnson, the ...
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October 22, 2019 Opinion
Relying too much on shoppers to tide over growth can be a risky business. China and the US have been leaning heavily on consumers to sustain their economic expansions. With the threat of hundreds of billions in tariffs looming over goods from bicycles to roof tiles, it seems only a matter of time before these noble buyers start to falter. ...
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