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Bloomberg Takeda Pharmaceutical Co. Chief Executive Officer Christophe Weber pushed back against dissident shareholders seeking to stop the Japanese drugmaker’s acquisition of Shire Plc, saying he won’t release minutes of boardroom discussions. A group including members of Takeda’s founding family opposes the planned $62 billion acquisition of the UK-listed biotech firm, which would rank as the biggest overseas takeover by ...

Bloomberg Chinese billionaire Li Shufu spent the past decade expanding his auto empire buying Volvo, a stake in Daimler AG and a startup that is building flying cars. Now he’s looking to reinvent the bullet train. Li’s Zhejiang Geely Holding Group signed an agreement on Tuesday with state-owned China Aerospace Science and Industry Corp. to build “supersonic trains” using homegrown ...

Bloomberg The US gave a stark warning to companies around the world: Evading sanctions on Iran will hurt. “I promise you that doing business in Iran in defiance of our sanctions will ultimately be a much more painful business decision than pulling out of Iran,” Secretary of State Michael Pompeo said at a news conference in Washington, after the US ...

Bloomberg Verizon Communications Inc. unveiled a reorganisation focussed on three groups — consumers, business customers and media — as part of Chief Executive Officer Hans Vestberg’s plan to advance 5G wireless technology. Vestberg, who spent his entire career at communications-equipment maker Ericsson AB before coming to Verizon in April 2017, is making network technology a priority throughout the company. Fifth-generation ...

Bloomberg The “deal dividend” promised to Britain by Chancellor of the Exchequer Philip Hammond might be tantalisingly close amid signs an amicable divorce from the European Union could be within sight. Hammond said that a Brexit agreement would allow him to end austerity. Bank of England Governor Mark Carney said the economy would finally see a way through the fog ...

Bloomberg The Kremlin sought to limit damage from another apparent snub after plans fell through for a meeting in Paris between Russian President Vladimir Putin and US leader Donald Trump. Russian officials have pinned their hopes on personal contacts between the two leaders to help achieve a long-sought warming in relations with the US that plunged to their worst since ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that coding is a key skill in the knowledge-based economy, and it is critical to foster the skills of the youth in this area to create new value in our economy and other spheres of life. ...

Dubai / WAM Dubai World Central (DWC), passenger traffic surged 26.1% in the third quarter of 2018. DWC welcomed 119,000 customers during the period bringing the total number of customers welcomed this year to 637,176 (-1.9%). The top regions contributing to customer numbers at DWC include Western Europe (40,349 passengers) and Eastern Europe (38,740 passengers). Some of the top destination ...

DUBAI / WAM Dubai Financial Market (DFM) on Monday announced its financial results for the first nine months of the year ending September 30, registering a net profit of AED103.7 million. According to a press statement, total revenue reached AED251.9 million during the nine months’ period ended September 30. The revenue is comprised AED154.3 million of operating income and AED97.6 ...

ABU DHABI / WAM Saif Bader Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM), and Dr Ali Al Zarouni, Deputy Executive Director of Production, Technology Development and Transfer at Emirates Global Aluminum Company (EGA), signed an agreement under which EGA will construct a sports stadium at Al Samha. The initiative is intended to bring happiness to community members, ...