Bloomberg Lonza Group AG agreed to buy US capsule maker Capsugel SA from KKR & Co. for $5.5 billion, as the Swiss biotech and specialty chemicals company seeks to focus more on health care. The price includes refinancing of existing Capsugel debt of about $2 billion, Basel-based Lonza and Capsugel, which has headquarters in Morristown, New Jersey, said in ...

  Bloomberg US factory output dropped in November for the first time in three months, showing an anemic recovery in manufacturing after an extended slowdown. Production at factories, which make up 75 percent of all output, fell 0.1 percent, a Federal Reserve report showed Wednesday. The median forecast in a Bloomberg survey called for a 0.2 percent drop. Total industrial ...

  San Francisco / AFP Mark Zuckerberg envisions a software system inspired by the “Iron Man” character Jarvis as a virtual butler managing his household. The Facebook founder’s dream is about artificial intelligence, which is slowly but surely creeping into our daily lives, no longer just science fiction. Artificial intelligence or AI is getting a foothold in people’s homes, starting ...

  Paris / AFP It has been hailed as a revolutionary way to get people moving, using smartphones to pursue cartoon creatures through city parks and streets on foot, instead of taking the car or metro. But has Pokemon Go made people more active and healthy? A study reported mixed success. In the first week of playing the game, people ...

  Relaxnews Deliveries of the Chevrolet Bolt, the first mainstream electric car to offer a 238-mile range, have officially started. Three customers in San Francisco received their cars and by the end of this week, deliveries will extend to other cities in California and Oregon. “All of the hard work that the Chevrolet team have put into designing, engineering and ...

  Washington / AFP Yahoo said personal data from over a billion users was stolen in a hack dating back to 2013 — twice as big as another breach disclosed just three months ago. In a huge blow to the struggling internet pioneer, Yahoo said it made the discovery as it was investigating what was already the largest data breach ...

  ABU DHABI / WAM The UAE Central Bank issued a resolution, amending its Circular No. 24/2000 on Regulation concerning Procedures for Anti-Money Laundering and its amendments. According to Article One of the resolution, the texts of paragraph (3-1) of Article (3), Article (4) and paragraph (a) of Article (19) of Circular No. 24/2000 – Regulation concerning Procedures for Anti-Money ...

  Dubai / Emirates Business du launched its Data Centre and Managed Hosting Services as an innovative way to give customers a secure and scalable ICT foundation for developing their businesses in the UAE and across the MENA region. du’s Data Centre and Managed Hosting Services combine highly secure data centre facilities with network and interconnection services to give customers ...

  DUBAI / EMIRATES BUSINESS The Department of Economic Development (DED) in Dubai signed a memorandum of understanding (MoU) with Dubai Healthcare City Authority (DHCA), the governing body of the Dubai Healthcare City (DHCC) free zone, under which the latter would be given access to the Reserve Trade Name registry of DED. The agreement is part of unifying trade name ...

  DUBAI / EMIRATES BUSINESS NMC Health plc. (NMC), the leading integrated healthcare provider operating across the United Arab Emirates, announced the proposed acquisition of Al Zahra Hospital in Sharjah from Gulf Medical Projects Company (“GMPC”) for AED 2,058 million (approximately US$560 million). Subject to shareholder approval, the acquisition is a strategic step forward for NMC Health and will reinforce ...