November, 2019

• 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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• 6 November

  HK stabbing raises vote-safety questions

  

  Bloomberg Hong Kong has been gripped for almost five months by protests demanding greater democracy. Now, a pair of bloody attacks on candidates is raising questions about whether the city can even hold an election. On Wednesday, a pro-Beijing lawmaker known for his inflammatory comments against protesters was stabbed on the street while campaigning. Earlier this week, a pro-democracy candidate ...

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• 6 November

  Johnson fights back after Tory blunders

  

  Bloomberg Boris Johnson tried to get his campaign on track after a stumble with one of his best-known ministers in trouble for comments about people killed in a tower-block fire. Johnson launched the Conservative Party election campaign with a rally in the West Midlands on Wednesday. Before that, the prime minister travelled to see Queen Elizabeth II before returning to ...

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• 6 November

  Most Russians want ‘decisive’ change in country: Study

  

  Bloomberg Nearly six in ten Russians want “decisive and full-scale changes” in the country amid growing discontent with the authorities over living standards, according to new research. The proportion wanting change reached 59% this year, up from 42% in 2017, the study by the Carnegie Moscow Center and the Levada Center polling organisation showed. After five years of stagnating incomes ...

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