December, 2020

• 14 December

  EQT offers to buy Recipharm of Sweden in $2.1billion deal

  Bloomberg Private equity firm EQT AB has made an offer to take over Swedish pharmaceuticals company Recipharm AB in a deal valued at about $2.1 billion. EQT is offering shareholders 220 kronor in cash per share, compared to Friday’s closing price of 179 kronor. It’s also proposing to give holders of Recipharm’s senior unsecured convertible bonds 1.43 billion kronor in ...

  Read More »
• 14 December

  Tech giants gird for business threats under strict new EU laws

  

  Bloomberg US tech giants are bracing for new laws that could force sweeping changes to how they operate in Europe, with significant fines or, in extreme cases, orders to break up the worst offenders. The new Digital Markets Act, set to be proposed by the European Union on Tuesday, targets so-called gatekeeper companies, platforms with the power to control distribution ...

  Read More »
• 14 December

  ‘UK property boom will last another year’

  Bloomberg The surge in UK property prices will persist into next year as housing needs outweigh economic uncertainty, according to Rightmove. It predicts asking prices will climb 4% in 2021 as this year’s unprecedented demand spills into the coming months. Currently there is a logjam of 650,000 properties in the market, with prices up 6.6% compared to this time last ...

  Read More »
• 14 December

  US hospitals await first shipments of Pfizer’s Covid-19 vaccine

  

  Bloomberg Hospitals are going into overdrive in the final hours before they receive the first US shipments of Pfizer Inc. and BioNTech SE’s Covid-19 vaccine, ensuring they are ready for the final payoff from months of planning. “It’s very exciting,” Fran Hixson, director of clinical quality at Chesterfield, Missouri-based Mercy Health, said in an interview. “We’ve learned along the way ...

  Read More »
• 14 December

  Stocks kick off week on bullish note; pound rises

  

  Bloomberg Stocks started off the week on a bullish note as investors took comfort from further stimulus bill negotiations and the impending deployment of the first vaccine in the US S&P 500 futures gained about 0.6%, with the first deliveries of the Pfizer Inc-BioNTech SE vaccine in the US due to arrive on Monday. A bipartisan group of lawmakers is ...

  Read More »
• 14 December

  Small stocks in India may continue to beat large caps in 2021

  

  Bloomberg India’s smaller stocks are beating their larger peers for the first time in three years, and some strategists say that outperformance will likely continue at least through next year. The Nifty Midcap 100 Index has climbed 20% this year, and the Nifty Smallcap 100 Index has advanced 17%, outpacing the 11% gain in the large-cap NSE Nifty 50 Index. ...

  Read More »
• 14 December

  S African stocks fluctuate before tighter virus curbs

  Bloomberg South Africa’s main stock index erased a retreat of as much as 0.4% to be 0.1% higher as of 9:36 am in Johannesburg, with the extension of a Brexit deadline, progress on vaccine deployment and US stimulus talks supporting investor appetite for riskier assets. Bank stocks were higher, benefiting as the rand gained due to the favorable risk sentiment. ...

  Read More »
• 14 December

  UAE top destination for experts in rain enhancement research

  

  ABU DHABI / WAM Dr Abdulla Al Mandous, Director of the National Centre of Meteorology and President of the Regional Association II (Asia) of WMO, reiterated that the UAE has established itself as a top global destination for prominent international events serving various sectors. As part of its continued commitment to addressing the pressing issues directly impacting the lives of ...

  Read More »
• 14 December

  UAE’s health expenditure increases by 26%: Report

  

  DUBAI / WAM The Ministry of Health and Prevention (MoHAP) on Sunday announced the results of the UAE’s 1st National Health Account (NHA) 2017, which was carried out in collaboration with the World Health Organisation (WHO) and relevant health and government authorities. The results were announced during a virtual media briefing held in presence of Dr Hussain Abdul Rahman Al ...

  Read More »
• 14 December

  Dubai SME-Pipeline deal to boost growth of SMEs

  

  DUBAI / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, has signed a Memorandum of Understanding (MoU) with Pipeline Business Growth Services (Pipeline), a Dubai-based company specialised in the development of entrepreneurship services, to jointly support and promote SME growth and sustainability. The MoU was signed by Saeed Matar Al ...

  Read More »