January, 2019

• 20 January

  Malaysia to focus on health in new policy

  Bloomberg Malaysia’s new strategy to combat drugs will focus on health and social support for users rather than enforcing criminal laws. The Cabinet task force to address the drug problem met and is of the opinion that Malaysia’s Dangerous Drugs Act 1952 needs to be reviewed and that drug use should be viewed as a social health issue, Liew Vui ...

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• 20 January

  India’s Sun Pharma falls after new whistle-blower complaint report

  

  Bloomberg Sun Pharmaceutical Industries Ltd plunged to its lowest point in almost six years after a media report that a new whistle-blower complaint alleging corporate governance lapses has been sent to India’s market regulator. Shares of the nation’s largest drugmaker slipped 8.4 percent to close at 390.75 rupees a share — the lowest level since March 2013. Sun Pharma was ...

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• 20 January

  Private equity investors get IRS rules on 20% tax break

  

  Bloomberg Business owners — and their accountants — can rest a bit easier: the IRS has given them the long-anticipated final word on how they can claim one of the biggest perks in the 2017 Republican tax overhaul. The regulations detailing the new 20 percent deduction for pass-through business owners are of critical importance to the operators of such entities, ...

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• 20 January

  Italy regulator rejects Telecom Italia’s grid separation proposal

  

  Bloomberg Italy’s communications regulator Agcom rejected Telecom Italia SpA’s landline network separation plan, saying it wouldn’t be a boost to competition in the domestic phone market, according to a document seen by Bloomberg. The plan, proposed last year by former Chief Executive Officer Amos Genish, would let the country’s largest phone company to continue “enjoying a significant competitive advantage with ...

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• 20 January

  Tesla loses most valuable carmaker crown

  

  Bloomberg The battle between Tesla Inc and General Motors Co for the most valuable US carmaker is heating up. After Tesla followed in the footsteps of the legacy automakers and announced a plan to cut jobs, shares of the electric vehicle maker dropped as much as 10 percent in New York, bringing its market capitalisation to just $54.2 billion. GM, ...

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• 20 January

  Google spends $40mn for Fossil watch tech

  

  Bloomberg Google agreed to acquire smartwatch technology and personnel from Fossil Group Inc in a bid to boost the search giant’s nascent efforts in the category. The Alphabet Inc unit will pay $40 million for Fossil intellectual property, according to a statement from the companies. Additionally, an unspecified number of Fossil’s research and development employees will join Google. Fossil said ...

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• 20 January

  E-scooter startups Lime, Bird raise millions in new funding

  

  Bloomberg Two electric scooter startups, fresh off raising hundreds of millions of dollars last year, are now raising hundreds of millions more, according to multiple people familiar with the details. But the latest hard-fought deal terms for Lime and Bird Rides Inc. both peg the companies’ worth at far less than the lofty valuations the startups once sought. New funding ...

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• 20 January

  Salesforce plans to add 1,500 jobs in Ireland

  

  Bloomberg Salesforce.com Inc is planning to add as many as 1,500 jobs in Ireland over five years, in one of the largest such expansions in the history of the state. The San Francisco-based software maker, which now employs more than 1,000 people in Ireland, laid out its Irish expansion plans in Dublin. Bloomberg News first reported the figure. The company, ...

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• 20 January

  US factory output hits 10-month high

  Bloomberg US factory production expanded in December by the most in 10 months, ending the year stronger than expected thanks to a surge in motor-vehicle output and gains across a range of other goods. Manufacturing output rose 1.1 percent from the prior month after an upwardly revised 0.1 percent rise, Federal Reserve data showed. The results exceeded all estima- tes ...

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• 20 January

  Russia, China are the big winners of US shutdown

  

  As the partial government shutdown drags on, the political cost is mounting for the White House, and the domestic consequences — from uninspected food to long airport security lines — are accumulating. There is also a widely overlooked problem: The shutdown is taking a toll on US foreign policy. With global concerns about the stability of the US government rising ...

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