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Thailand’s growth weakens to one-year low

  Bloomberg Thailand’s economy grew at the slowest pace in a year last quarter as private consumption moderated. Gross domestic product expanded 3 percent from a year earlier, the National Economic and Social Development Board said in Bangkok on Monday. That is the slowest in a year, according to data compiled by Bloomberg. The median estimate of 20 economists surveyed ...

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Unilever plunges as early opposition kills Kraft Heinz bid

  Bloomberg Kraft Heinz Co.’s $143 billion bid for Unilever NV collapsed just two days after it became public knowledge, with the adamance of the Anglo-Dutch target’s rejection said to play into billionaire Warren Buffett’s longtime aversion to hostile deals. Unilever shares fell as much as 7.9 percent in early trading in London on Monday, reversing some of their gain ...

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Tough UK line on rare-disease drugs stirs concern after Brexit

  Bloomberg A tougher stance in the UK on funding expensive medicines for rare diseases is raising questions about the government’s pledges to support a life-sciences industry that’s already rattled by Brexit. A proposal to introduce a cap on coverage of treatments within the state-run health system would have a significant impact on access to ultra-rare disease drugs, said Heidi ...

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No plan to seize Iraqi oil, says US Defense Secretary Mattis

  BAGHDAD / AP US Defense Secretary Jim Mattis said on Monday the United States does not intend to seize Iraqi oil, shifting away from an idea proposed by President Donald Trump that has rattled Iraq’s leaders. Mattis’ arrived on an unannounced visit in Iraq as the battle to oust IS militants from western Mosul moved into its second day, ...

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VP, Mohamed open IDEX 2017

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the thirteenth edition of the International Defence Exhibition and Conference (IDEX 2017) the ...

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Zayed Medal conferred on Sudan president

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have received heads of delegations participating in the 13th edition of the International Defence Exhibition ...

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EAD plan to shape Abu Dhabi’s environment for next 5 years

  Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD) launched its new Strategic Plan 2016 – 2020, which defines the agency’s long-term vision and mission, five-year priorities, objectives, as well as the strategic initiatives that contribute to the Abu Dhabi Plan and the successful implementation of its priorities. Using the Abu Dhabi Environment Vision 2030 as a framework, ...

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Iraqi forces launch push to retake western Mosul from IS

  HAMAM AL-ALIL / AP US-backed Iraqi forces launched a large-scale military operation on Sunday to dislodge IS militants from the western half of Mosul city, a battle that is expected to be prolonged and difficult due to a densely packed civilian population and older, narrower streets. In a briefed televised speech on state TV, Iraqi Prime Minister Haider al-Abadi ...

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Melted N-fuel search proceeds one dead robot at a time

  Bloomberg The latest robot seeking to find the 600 tons of nuclear fuel and debris that melted down six year ago in Japan’s wrecked Fukushima Dai-Ichi power plant met its end in less than a day. The scorpion-shaped machine, built by Toshiba Corp., entered the No. 2 reactor core and stopped 3 meters (9.8 feet) short of a grate ...

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Sugar boom turning Russia into exporter with record output

  Bloomberg In just a decade, Russia has transformed its sugar industry. The country, which was once the world’s top importer of raw sweetener, is now on the verge of becoming a net exporter. Aided by an import tax Russia introduced in 2004 to shield domestic firms from foreign competition, producers have been able to invest in making beet refining ...

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