April, 2023

• 13 April

  Moderna to push backup experimental flu shot after setback

  

  BLOOMBERG Moderna Inc said a final-stage study of its first experimental flu shot hasn’t accumulated enough data to determine efficacy, and the company will advance another candidate. Moderna tested its messenger RNA flu shot against a traditional vaccine in a trial of about 23,000 people age 50 and older in the northern hemisphere. An independent panel of scientific advisers recommended ...

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• 13 April

  South Korea fines Google $32mn for squeezing local rival One Store

  

  BLOOMBERG South Korea fined Alphabet Inc’s Google 42.1 billion won ($32 million) for using its clout in the mobile app market to squeeze out a local rival, the latest sign of intensifying scrutiny on the US tech firm as it seeks to expand overseas. Google tried to block Korean platform rival One Store Co’s growth, Korea’s Fair Trade Commission said ...

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• 13 April

  Cook to open first Apple stores in India

  

  BLOOMBERG Apple Inc Chief Executive Officer Tim Cook has scheduled a trip to open the iPhonemaker’s first stores in India next week, underscoring the company’s ambitions for the country as a growth market and manufacturing base. Cook is likely to preside over the opening of the twin outlets in India’s financial and political capital, people familiar with the matter said, ...

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• 13 April

  US equities trade higher as  jobs, inflation data soften

  

  BLOOMBERG US equities traded higher, as the latest readings on jobs and factory-gate inflation were slightly softer than expected, a boost for those hoping the Federal Reserve may be approaching the end point of an era of aggressive interest rate hikes. The S&P 500 rose 0.3% while the more rate-sensitive Nasdaq 100 gained 0.9% after US jobless claims for the ...

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• 13 April

  Mizuho warned over setting low IPO prices in blow to issuers

  

  BLOOMBERG Japan’s trade watchdog cautioned Mizuho Financial Group Inc’s brokerage unit, saying the company priced newly listed stocks in a way that could undermine competition and cause the issuing companies “unfair disadvantages.” Mizuho Securities Co set prices on some initial public offerings (IPOs) in 2020 and 2021 at levels below where the issuers said they should be, the Japan Fair ...

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• 13 April

  Art of Living, the first luxury décor & home furniture mall in Mena, opens in Dubai

  

  DUBAI / GULF TIME The first-ever shopping mall specializing in innovative interior design solutions and high-end home furniture in the United Arab Emirates and the Mena region has opened its doors. Keeping up with the growing demand on luxurious furnished properties, Art of Living is introducing a unique and exclusive concept in the interior design and furniture industry with a ...

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• 13 April

  Centro Barsha, Dubai hosts charitable iftar event for labourers

  

  DUBAI / GULF TIME Centro Barsha, Dubai announced the success of its charitable iftar event, which was held in collaboration with the UAE Food Bank, Saudi German Hospital, and The Little Things. The objective of the event was to provide approximately 400 meals to labourers in need. The event took place on April 4 at 4 PM and was a ...

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• 13 April

  Germany to allow Polish export of MiG 29 fighter jets to Ukraine

  

  BLOOMBERG German Chancellor Olaf Scholz’s ruling coalition will quickly approve a Polish request for permission to re-export MiG 29 fighter jets from former East German military stocks to Ukraine, according to a person familiar with the issue. The coalition will grant the demand to further support Ukraine in its fight against Russia’s invading forces, said the person who asked not ...

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• 13 April

  Erdogan vows to punish shoddy builders ahead of polls

  

  BLOOMBERG  Turkish President Recep Tayyip Erdogan vowed to punish breakers of construction-safety regulations in the wake of February’s deadly earthquakes, a move to distance himself from the devastation brought by tens of thousands of building collapses. “We will squeeze them into a corner,” Erdogan said in an interview with with CNN-Turk television. “It will be included in crimes that can’t ...

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• 13 April

  Biden: US is ‘getting close’ to finding who leaked documents

  

  BLOOMBERG President Joe Biden said the US was close to concluding investigations into the leak of sensitive documents that exposed American spying practices and assessments of Russia’s war in Ukraine, even as he sought to downplay the impact of the disclosures. “There’s a full-blown investigation going on right now, as you know, with the intelligence community and the Justice Department,” ...

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