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Bloomberg Healthcare investors may have to be a bit more selective than they’re used to in 2019. With US health stocks poised to wrap up their second straight year of outperforming the broader market, the focus on hunting for innovation and next year’s winners is even more in vogue after recent market volatility. Small- to mid-cap biotechnology darlings that saw ...

Bloomberg Sri Lankan President Maithripala Sirisena caved in to mounting pressure and reinstated Ranil Wickremesinghe as prime minister, ending nearly two months of a protracted leadership crisis that prompted Moody’s, S&P and Fitch to downgrade the island’s credit rating. Sirisena on Sunday swore in Wickremesinghe, who he had abruptly fired on October 26 and replaced with former strongman president Mahinda ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI), and the Department of Economic Development in Ajman organised the UAE-Japan Investment Forum in cooperation with the Japan External Trade Organisation (JETRO). The forum is aimed at opening new skylines of cooperation between the two parties, and to explore the important economic opportunities available, thus increasing the trade volume ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has declared 2019 as the ‘Year of Tolerance’, highlighting the UAE as a global capital for tolerance, via its various legislative and policy-oriented goals to enhance the role of the country in instilling the values of co-existence and peace in local, regional and international communities. His Highness ...

MARRAKECH / WAM The UAE has stressed the importance of partnership and integration of government and the role of the private sector, which is a strategic partner in labour, in the mobility and employment process in the countries of destination and thus contribute to achieving the objectives of the Global Agreement on Secure and orderly migration. This was stated during ...

Abu Dhabi / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council (NMC), has said that declaration of the 2019 as the ‘Year of Tolerance’ by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, reinforces the keenness of the wise leadership on promoting noble human values which are cornerstones of ...

Bloomberg Apple Inc. says a Chinese ban on sales of the iPhone will force it to settle a long and bitter licensing battle with Qualcomm Inc., an outcome that may end up harming the country’s smartphone industry and give its fiercest legal rival a boost. The US company was responding to a Chinese court that ruled this week Apple infringed ...

Bloomberg Japanese Prime Minister Shinzo Abe’s pledge to empower women hit a fresh obstacle as more evidence was released of ‘admissions policies’ at the nation’s medical schools. Three of Japan’s 81 medical schools manipulated their admissions systems to exclude women, while another is suspected of doing so, according to an Education Ministry report. Another six were cited for unfair practices ...

Bloomberg The US is opposing an increase to the IMF’s permanent capital levels, President Donald Trump’s latest snub of multilateral organisations as he pursues his “America First” foreign policy. The International Monetary Fund is examining its capital levels under a regularly scheduled review. The Washington-based fund is mostly financed by shares, known as quotas, paid by its 189 member nations. ...

Bloomberg GAM Holding AG forecast a large loss, scrapped its dividend and plans to eliminate 10 percent of jobs as the firm struggles to contain a scandal prompted by the suspension of a star fund manager. Shares of the Swiss asset manager fell as much as 17 percent after the company outlined a 925 million-franc ($931 million) loss for the ...