July, 2019

• 29 July

  Pfizer chief sharpens cancer focus with Mylan plan

  

  Bloomberg Pharmaceutical behemoth Pfizer Inc has transformed itself under new leadership through a series of spinouts and joint ventures, mitigating risk by placing some units at arm’s length while continuing to reap rewards from them. Chief Executive Officer Albert Bourla, 57, who took the helm in January after serving as the drugmaker’s operations chief, has rapidly transformed the company through ...

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• 29 July

  China warns HK unrest goes ‘far beyond’ peaceful protest

  

  Bloomberg China said violent protests in Hong Kong wouldn’t be tolerated, its most high-profile response to unrest rocking the city after a chaotic weekend of unrest illustrated the government’s struggles in quelling a leaderless, unpredictable and widespread movement. The Hong Kong and Macau Affairs Office, which answers to China’s cabinet, reaffirmed its support for the city’s government and police in ...

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• 29 July

  Russian opposition leader ill after exposure to unknown chemical

  

  Bloomberg Russian opposition leader Alexey Navalny may have been exposed to “an unknown chemical substance” in prison that caused a severe allergic reaction for which he was hospitalised, according to his doctor, Anastasia Vasilieva. Navalny, 43, was taken by ambulance to a Moscow city hospital for what his spokeswoman, Kira Yarmysh, said was a major allergic reaction, something she said ...

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• 29 July

  Second UK warship arrives to protect Hormuz

  

  Bloomberg Efforts to secure safe passage through the Strait of Hormuz are ramping up as the UK said a second warship arrived in the area and South Korea may deploy its own unit as part of a multinational force. Tensions have flared in the strait in recent weeks as Iran pushes back against US sanctions that are crippling its oil ...

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• 29 July

  Iran sees no ‘sincerity’ in Pompeo’s offer for talks

  Bloomberg Iran doesn’t think the US is seeking talks or an agreement with the Islamic republic, Abbas Mousavi, a spokesman for the Foreign Ministry in Tehran, said days after Secretary of State Michael Pompeo expressed willingness to travel to Tehran to address the Iranian people. This is a “defensive move” by American officials in response to Foreign Minister Mohammad Javad ...

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• 29 July

  Top defector tells of spying and mutiny in Venezuela

  

  Bloomberg Days after being named chief of Venezuela’s feared SEBIN intelligence agency last fall, General Manuel Ricardo Cristopher Figuera was called in by President Nicolas Maduro and asked where the enemy was. “I don’t understand the question, sir,” Figuera says he responded. “I want a report every two hours of what the political opposition is doing,” Maduro replied, listing some ...

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• 29 July

  The Fed’s dreary choices

  

  It’s a done deal. Almost everyone, or so it seems, believes the Federal Reserve will cut short-term interest rates at next meeting when its main decision-making body meets. President Trump favours lower rates. So do many economists, including some fierce Trump critics. Similarly, Fed Chairman Jerome “Jay” Powell says the Fed wants to sustain the economic expansion. Finally, Wall Street ...

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• 29 July

  For UBS, new normal is new painful

  

  After a horrid start to the year, UBS Group AG Chief Executive Officer Sergio Ermotti finally got some relief. Switzerland’s biggest bank posted its best second quarter results under his watch. Unfortunately, the likelihood that the stars will remain aligned is remote. At $1.4 billion, net income in the three months through June was the highest since 2010, comfortably beating ...

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• 29 July

  Nokia’s CEO shows you can climb out of abyss

  Nokia Oyj started as a single paper mill in 1865. In recent years, it’s the stock that has been through the mill, as the maker of telecommunications equipment has ebbed and soared with each burst of spending on next generation mobile networks. Chief Executive Officer Rajeev Suri has steadily toiled away to drag the Espoo, Finland-based company through to the ...

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• 29 July

  Donald Trump’s assault has not killed Huawei

  Things aren’t so desperate for Huawei Technologies Co. after all.Just over a month ago we were told that the Chinese electronics giant was hunkering down for a drop of as much as 60 million units in overseas handset shipments this year. That was quite a blow, I wrote at the time, considering that consumer devices accounted for 45 percent of ...

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