November, 2019

• 6 November

  UAE, Saudi keen to expand cross-border logistics ties

  

  Dubai / Emirates Business The Saudi Logistics Hub, a government initiative mandated to support the growth of the country’s logistics sector, held its first global roadshow in the UAE in collaboration with the National Association of Freight and Logistics (NAFL). Numerous business leaders from the logistics sector attended the event, held at the Dubai International Financial Centre (DIFC), and learned ...

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• 6 November

  UAE provides new supplies of medicines to Yemen’s Hodeidah

  

  HODEIDAH / WAM The UAE, represented by the Emirates Red Crescent (ERC), provided new supplies of medicines and laboratory equipment to three medical centres in Hodeidah Governorate, as part of its timely efforts to support the health sector in Yemen’s Red Sea Coast. The medical aid was delivered to the Al Matina Centre in At Tuhayta District, and the centres ...

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• 6 November

  ‘Get Brexit Done’ rings hollow for baffled British businesses

  

  Bloomberg British businesses are taking Boris Johnson’s election pitch to ‘Get Brexit Done’ with a pinch of salt: they know that confusion over the UK’s exit from the European Union is set to carry on through 2020, or longer. Even if the prime minister wins a parliamentary majority in December and passes his Brexit withdrawal agreement, UK Plc would face ...

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• 6 November

  UK’s AstraZeneca backs $1billion fund for biotech startup in China

  

  Bloomberg AstraZeneca Plc is teaming up with one of China’s largest investment banks on a $1 billion biotechnology venture capital fund as the UK drugmaker builds presence in the fast-growing market. AstraZeneca will work with China International Capital Corp to target support for drug and diagnostics developers along with other startups using artificial intelligence and digital technologies to improve health ...

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• 6 November

  Merkel adviser sees rising recession risk

  

  Bloomberg Germany is walking a tight line as an industrial recession threatens to drag down the broader economy, one of the leading economic experts advising Chancellor Angela Merkel‘s government warned. “Manufacturing has been hit hard by the decline in world trade — industry is in recession,” said Volker Wieland, a member of the council of economic advisers, which lowered its ...

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• 6 November

  Woodford’s woes hit UK’s biotech industry

  

  Bloomberg The collapse of star investor Neil Woodford’s business empire reverberated beyond his own stockholdings, dealing a blow to the fundraising environment for early-stage British biotechnology that’s just starting to heal. Budding biotech companies, which counted Woodford as a champion, saw money from global investors drop after the mogul froze withdrawals in his flagship fund in June. Five months later, ...

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• 6 November

  BMW CEO’s debut quarter marks cost cuts, higher sales

  

  Bloomberg BMW AG is showing signs of recovery under its new chief executive officer, with aggressive cost-cutting and demand for upscale models like the big X7 SUV helping to bolster third quarter earnings. After stumbling in recent quarters with low profitability and a series of operational and regulatory issues, CEO Oliver Zipse’s first results report after taking charge showed a ...

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• 6 November

  US sees Japan-S Korea thaw as last hope to save key intel pact

  

  Bloomberg The US is encouraged that Japan and South Korea are showing their first signs of a thaw in their yearlong feud. But it’s unclear whether ties between the two American allies will warm fast enough to save a key intelligence-sharing pact. The neighbours have a little more than two weeks to stop the defense pact from becoming a lasting ...

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• 6 November

  Security tightened as 14 killed in Thailand

  

  Bloomberg Thailand tightened security after at least 14 people were killed in the restive deep south in one of the region’s worst attacks in recent years. Assailants targeted two checkpoints in Yala province, in an assault that left another five people injured. Police said they suspected insurgents were responsible and that surveillance had been intensified at other potential targets, such ...

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• 6 November

  Merkel party braces for power struggle over succession fiasco

  Bloomberg With Angela Merkel’s succession plan unraveling, her Christian Democrats (CDU) are bracing for an open power struggle at the party’s national convention later this month. Less than a year after picking Annegret Kramp-Karrenbauer to head the CDU, a consensus is building among party officials that she’s not suited to run for chancellor after a series of gaffes, poor election ...

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