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Bloomberg Cost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for more disappointment than elation. While strong numbers from behemoths like LVMH and SAP SE reassured European stock investors last week, further good news may be needed to keep the rally alive. Rising inflation and a stalling global recovery pose ...

Bloomberg AstraZeneca Plc won a federal court ruling upholding a key patent for its diabetes drug Farxiga, staving off threats from cheaper versions. A trial without a jury in May centered on the validity of a patent that covers Farxiga’s active ingredient, dapagliflozin, its combination with a carrier and methods of treatment. Zydus Cadila conceded infringement before the trial, a ...

Abu Dhabi / WAM AD Ports Group on Saturday announced its financial results for the first half of the year ended 30 June 2021, reporting revenue increase of 21% year-on-year to AED 1,832 million ($499 million) compared with AED 1,517 million ($413 million) in the first half of 2020, driven by organic growth, diversification into new businesses, new leases and ...

AMSTERDAM / WAM Mohammed Jalal Al Rayssi, Director-General of Emirates News Agency (WAM), has met with Jacqueline Lampe, CEO at RNW Media, and Wouter van Tongeren, Director of Partnerships Management at RNW Media, based in Amsterdam, Netherlands. RNW Media is among the most crucial youth training centres concerned with training media professionals in various countries on the latest professional media ...

Dubai / WAM The Slovakia Pavilion at Expo 2020 Dubai has unveiled the country’s first hydrogen car – a sleek, aerodynamic sports car that produces no harmful emissions. The MH2 hydrogen car was designed by Branislav Maukš, the Slovak designer who has contributed to the design of every Ferrari model since 2007. The concept car boasts a unique, functional design, ...

Sharjah / WAM The Sharjah Investment and Development Authority (Shurooq) announced that the Mysk Moon Retreat has begun welcoming guests and bookings to experience the emirate’s first-of-its-kind luxury glamping destination, and unveiled four new luxury hospitality projects in Sharjah’s Central and Eastern regions which are: Al Jabal Resort in the city of Khorfakkan, a luxurious hotel in the city of ...

Bloomberg The US continues to observe activity at North Korean nuclear sites that is “inconsistent with full denuclearisation,” the Defense Intelligence Agency (DIA) said in a report issued. The conclusion, based on observations at the Yongbyon nuclear site and elsewhere, echoes assessments delivered to former President Donald Trump by US intelligence agencies, despite Trump’s efforts to engage in direct summit ...

Abu Dhabi / WAM The UAE’s non-oil foreign trade recorded a 27% growth in H1 2021 compared to H1 2020, indicating a rapid recovery in the country’s non-oil foreign trade and its return to growth trajectory. This also indicates a 6% growth in the country’s non-oil foreign trade compared to the pre-pandemic level in 2019. According to preliminary data released ...

Abu Dhabi / WAM The First Abu Dhabi Bank (FAB) has announced that it is joining the Net-Zero Banking Alliance (NZBA), becoming the first UAE and GCC bank to join the alliance. As part of this commitment, FAB will enable its clients to transition towards a climate-neutral economy through innovative financing and advisory services. FAB puts sustainability at the core ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) has launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project is part of the Abu Dhabi Local Content Programme (ADLC) launched by the Industrial Development Bureau (IDB) to encourage the companies and establishments that ...