October, 2019

• 20 October

  Sanofi’s Zantac is being recalled in US, Canada on carcinogen concern

  

  Bloomberg Sanofi is voluntarily recalling heartburn medication Zantac in the US and Canada amid worries that the medicine may be tainted with a compound that could cause cancer. The French pharma company’s announcement follows decisions from major drugstore operators in the US, including Walgreens Boots Alliance Inc and Walmart Inc, to pull the medication from store shelves. In addition, manufacturers ...

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• 20 October

  J&J recalls baby powder after asbestos trace found

  

  Bloomberg Johnson & Johnson is recalling one lot of its Johnson’s Baby Powder after tiny amounts of asbestos contamination were found in samples from a single bottle purchased online. J&J is voluntarily recalling the lot, #22318RB, which consists of 33,000 bottles, and is encouraging people who bought the product to discontinue use. The company said that it is working with ...

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• 20 October

  Brexit’s impact on world economy to be minimal, says Mervyn King

  

  Bloomberg Brexit won’t have a big impact on the European or global economies, former Bank of England governor Mervyn King said, offering a counterpoint to persistent concerns by global policy makers that the move could further dent already-weakening growth. “I don’t honestly believe that Brexit has any great significance even for the rest of Europe, let alone the rest of ...

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• 20 October

  Lebanon heads for showdown as protests gain momentum

  

  Bloomberg Lebanon is headed for a showdown after the government suffered its first resignations, as the country enters its fourth day of demonstrations in the largest such unrest in years. Four ministers from a major Christian party, the Lebanese Forces, stood down as Prime Minister Saad Hariri said he was working around the clock to come up with a plan ...

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• 20 October

  Indo-Pak tensions mount over Kashmir

  

  Bloomberg India and Pakistan blamed each other for violation of a ceasefire agreement in the disputed area of Kashmir, after cross-border shelling killed people on both sides, in signs of escalating tensions between the two nuclear-armed neighbours. Indian army’s spokesman said two of its soldiers and a civilian were killed, while Pakistan said four of its people, including a soldier, ...

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• 20 October

  ‘Trudeau’s Liberals edge ahead before election’

  Bloomberg Canadian Prime Minister Justin Trudeau’s Liberal Party edged ahead with a two-point lead over its Conservative rival, within the margin of error, according to the latest poll conducted days before Monday’s election. A survey by Nanos Research found 32.6% of respondents favored the Liberals as their top choice versus 30.3% favouring the Conservative Party led by Andrew Scheer. The ...

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• 20 October

  Johnson asks EU for Brexit delay, but hopes he won’t need it

  

  Bloomberg Boris Johnson sent the letter to Brussels he never wanted to send. Bound by a law passed by opposition Members of Parliament, he formally asked the European Union to delay Brexit until January 31, but made it clear he’d rather there was no extension. European Council President Donald Tusk said he’ll start consulting EU leaders on how to react, ...

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• 20 October

  Kenya, Somalia say aid and trade to keep flowing despite border dispute

  

  Bloomberg The finance ministers of Kenya and Somalia insist that a maritime-border dispute between the two nations won’t stop the cross-border flow of humanitarian aid and trade. The dispute about ownership of a 150,000 square-kilometre (58,000 square-mile) area off their Indian Ocean coastline has not caused any hostility between the two nations, Somalia Finance Minister Abdirahman Duale Beileh and Kenya’s ...

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• 20 October

  Zille’s return puts S Africa opposition head on notice

  Bloomberg Mmusi Maimane, the leader of South Africa’s main opposition Democratic Alliance (DA), saw his hold on the party slip as his predecessor Helen Zille was elected head of the party’s Federal Council. Maimane has come under pressure to quit as leader of the DA after the party’s share of the vote shrank to 20.8% in May elections from 22.2% ...

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• 20 October

  Stock Vs. bond showdown tests history, trader nerves

  

  Bloomberg When it comes to mixed messages from markets, 2019 has been a year with few precedents. Whenever a believable signal starts to emerge from stocks or bonds about the economy, it changes. While some disagreement is normal, this is approaching the historic. For context, in a typical year, returns in either equities or Treasuries lead the other by 10 ...

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