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Bloomberg Daiichi Sankyo Inc.’s settlement of thousands of lawsuits blaming the company’s blood-pressure drugs for causing intestinal damage brings to $339 million the amount the drugmaker has paid for its handling of the medicines. Daiichi officials agreed on Monday to pay $300 million to resolve patient suits over its Benicar, Benicar HCT, Azor and Tribenzor blood-pressure treatments. The accord comes ...

Bloomberg Thyssenkrupp AG is considering a radical breakup plan as a possible alternative to the proposed combination of its European steel operations with India’s Tata Steel Europe Ltd., according to people familiar with the matter. Under the alternative scenario, Thyssenkrupp would retain its European steel operations and hive off most or all of the other activities, said the people, who ...

Bloomberg US Vice President Mike Pence told the volatile western Balkans region that its future lies in the West, saying NATO’s door is open for new members. Pence is wrapping up a tour of eastern Europe by visiting Montenegro, a nation of 600,000 that only joined the North Atlantic Treaty Organization in June. At a regional summit on Wednesday, he’s ...

NEW DELHI / WAM Relations between the UAE and India, which received a fillip when His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, visited New Delhi as chief guest for Indian Republic Day in January, are set to scale greater heights. Intense preparations are under way ...

AJMAN / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Executive Council, has viewed the most important current, and future, infrastructure projects in Ajman that seek to promote local development under the framework of the emirate’s overall renaissance, to become a modern and advanced international city. This took place during his meeting ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) hosted the latest in its series of Youth Circles, in Ruwais, to discuss how young Emiratis can thrive professionally, while working at remote oil and gas sites, and develop the leadership skills that will allow them to contribute to ADNOC’s future growth. Held in partnership with the Emirates Youth ...

Abu Dhabi / WAM Access World Logistics LLC, a joint-venture between the UAE-based Rais Hassan Saadi, RHS, Group and Switzerland-headquartered Access World Group, held a ground-breaking ceremony at the site of their upcoming third-party logistics facility at Jebel Ali Free Zone. During the welcome address, Peter M Waszkis, CEO of Access World, said, “Our vision is to deliver value to ...

Bloomberg SoftBank Group Corp. has as much as $65 billion in financing lined up as Chairman Masayoshi Son weighs whether to make a formal takeover offer for Charter Communications Inc., according to people familiar with the matter. The financing arrangement is among the new details that are emerging on Son’s plan to merge Charter with SoftBank’s struggling US wireless company ...

Bloomberg Mukesh Ambani has elbowed past Li Ka-shing to become Asia’s second-richest man as investors rallied behind his efforts to arm India’s poor with cheap data-loaded phones. Some analysts are beginning to focus on the costs of his ambition. The chairman of Reliance Industries Ltd. has added $12.5 billion to his wealth this year, according to the Bloomberg Billionaires Index, ...

­­­­­­­­­­­Bloomberg Facebook Inc. is working on a video chat device for the home — the first major hardware product from its experimental Building 8 lab. Featuring a laptop-sized touchscreen, the device represents a new product category and could be announced as soon as next spring’s F8 developer conference, according to people familiar with the matter. They say the large screen ...