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Takeda aims for global status
TOKYO: Takeda Pharmaceutical’s $64 billion bid for London-listed rare disease specialist Shire bolsters its credentials as Japan’s most outward facing drugs firm, a mould-breaking image that has been more than a decade in the making. Under chief executive Christophe Weber and his predecessor, Yasuchika Hasegawa, Takeda has cut its exposure to Japan, brought in expertise through overseas acquisitions and thrown open its
Kenya economy seen rebounding after election slowdown
NAIROBI: Kenya’s economy is expected to rebound to 5.8 per cent growth in 2018 after electoral uncertainty and drought cut last year’s expansion to the lowest level in more than five years, Finance Minister Henry Rotich said on Wednesday. The economy will benefit from increased investment in key areas like manufacturing, farming, housing and healthcare, he said. President Uhuru Kenyatta won re-election in November in a second
GM banks on Chinese vehicle family to boost Brazil sales
SAO PAULO: General Motors Co is planning for long-term profitability in South America built on the back of draconian cost cutting during Brazil’s recession and the same low-cost vehicles it is developing for Chinese consumers, which are due to hit dealerships in 2019. “We have been refreshing the vehicle family (in South America), building up market share and getting the cost point right, all in preparation for one vehicle
Treasury yield milestone may augur changing tide for risk
NEW YORK: The march higher in bond yields reached a critical level on Tuesday that could prompt portfolio managers to weigh moving money into safer fixed-income securities at the expense of riskier assets like stocks and emerging markets. The yield on 10-year US Treasuries, a global benchmark for interest rates on everything from home loans to corporate bonds, hit 3 per cent for the first time in more than four years. The move
US state said to be ready for retaliation
WASHINGTON : As the Trump administration begins to dismantle Barack Obama’s auto efficiency regulations, California is said to be prepared to retaliate by doing something that automakers have feared: decoupling the state’s rules from those set in Washington. The US Environmental Protection Agency has concluded that current rules to limit vehicle greenhouse-gas emissions are too aggressive and should be revised, according to
After Carney surprise, chance of May BoE rate hike down but not out
LONDON: Bank of England Governor Mark Carney surprised investors last week when he hinted that interest rates might not go up next month - but economists say it would be wrong to rule out an increase. ‘Forward guidance’ about central bank policy intentions was Carney’s signature policy when he arrived at the BoE from Canada in 2013. Yet even now, as he nears the end of his British sojourn, financial markets are still trying to
Amazon tests whether customers will sacrifice privacy for convenience
At a time of heightened concern about user privacy, one of the world’s biggest technology companies is seeking access to one of users’ most private places: the trunks of their cars. Amazon on Tuesday launched what it calls In-Car Delivery, which allows Amazon delivery drivers to open the trunks of certain late-model cars and drop off packages inside. It’s the e-commerce giant’s latest attempt to extend its reach into users’
ECB may be more reliable rate hiker than BoE
LONDON: As the global shift towards higher interest rates moves up a gear, attention is turning to Europe’s two major central banks. Current market pricing strongly suggests the Bank of England (BoE) will tighten further and faster than European Central Bank (ECB). But the reality may turn out to be quite different. Having hiked rates once last year to counter a slump in the pound and the resulting rise in inflation, the BoE is
China calls on US to protect business environment
BEIJING: China has called on Washington to avoid damaging business con..
Added : 46 minutes ago
5 migrants die off Morocco, Spain searches for more boats
MADRID: Five migrants have died trying to cross the Mediterranean, the..
Added : 7 minutes ago
Rajinikanth, Vijay Sethupathi to act together
CHENNAI: Actor Vijay Sethupathi will be seen sharing screen space with..
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Ex White House spokesman unveils Melania Trump waxwork
NEW YORK: Melania Trump took Washington by storm with her bold fashion..
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US schoolteachers in Colorado, Arizona walk out
DENVER: Tens of thousands of schoolteachers plan to walk off the job i..
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Sarah Jessica Parker sued by jewellery designer
LOS ANGELES: A jewellery designer named Kat Florence is suing actress ..
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Microsoft to replace 'pistol' emoji with 'water gun'
SAN FRANCISCO: After Google and Facebook replaced the 'pistol' emoji w..
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UAE ‘a valued partner,’ says Dutch envoy
ABU DHABI: The United Arab Emirates is ‘a valued partner’ of Holland a..
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Syria donors fall short without US aid
BRUSSELS: International donors raised $4.4 billion in emergency aid fo..
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Japan deports North Koreans rescued from boat: Media
TOKYO: The last two of 10 North Koreans rescued from a tiny wooden boa..
Added : 3 hours ago
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