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Bloomberg The billionaire founder of Sun Pharmaceutical Industries Ltd. pledged that the drugmaker would do better after reporting its first loss in at least 12 years amid regulatory headaches and a weakening market for generic drugs. “The reason why we are suffering is our inability to execute,” Dilip Shanghvi said on a conference call with analysts after the results were ...

Bloomberg The UK is seeking to regain momentum in so-far sluggish Brexit negotiations by publishing this week the first outline of its positions as two key ministers issued a joint declaration on a the post-European Union transition period, ending their disagreement over the issue. The government plans to issue the first of three discussion papers ahead of the next round ...

Bloomberg The former Google engineer, whose controversial memo has triggered a nationwide debate on gender differences and diversity efforts in technology, defended his views in an interview Wednesday with Bloomberg Television, saying company executives are smearing him in its wake. James Damore, who until Monday worked as an engineer on video and image search at Alphabet Inc.’s Mountain View, California, ...

Bloomberg For Dana Dwyer, an Oracle Corp. employee and mom, a full tank of gasoline at the end of her workday is something she describes with just two words: “It’s happiness.” Dwyer spends an hour each morning fighting through 20 miles of Bay Area traffic to get her child to school and herself to work. At night, “making one more ...

Bloomberg Donald Trump condemned hatred, bigotry and violence “on many sides” after clashes at a white nationalists’ rally in Charlottesville, Virginia, capped off by incidents which left three people dead, including a pedestrian and two in a helicopter crash. The president spoke after two days of violent protests in the city that’s home to the University of Virginia, triggered by ...

Abu Dhabi / WAM The bodies of the four Emirati martyrs, Captain Ahmed Khalifa Al Baloushi, 1st Lieutenant Pilot Jassem Saleh Al Zaabi, Warrant Officer Mohammed Saeed Al Hassani, and Warrant Officer Sameer Mohammed Murad Abu Bakr, arrived at the Al Bateen Airport in Abu Dhabi. The bodies were accompanied by a number of officers from the UAE Armed Forces. ...

Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, has received Fayhan Al Fayez Shalhoub, Ambassador of the Republic of Colombia to the UAE. Ahmed Shabib Al Dhaheri, FNC Secretary-General, and a number of officials also attended the meeting. During the meeting, the two sides reviewed the bilateral relations between the UAE and ...

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the new strategy for Building Permit Procedures Development in Dubai. The strategy will ensure speeding up the process of acquiring building permits from concerned government entities to assist investors in the real estate sector. The new strategy, ...

DUBAI / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board, has endorsed the awarding of a contract for procuring 125 new school buses. The new buses will add to the fleet of the Dubai Taxi Corporation (DTC) to cope with the growing school transport activity. ...

­­­­­­­­­­­Bloomberg At a crucial time when Uber Technologies Inc. is looking to fill a leadership void, repair a foul corporate culture, salvage morale, fend off rivals worldwide, prove it didn’t benefit from stolen trade secrets and deal with a host of other issues, the ride-hailing company is forced to hit the pause button. Benchmark, a major shareholder, declared what is ...