Belgian pharma firm boosted by US judge ruling August 16, 2016 Shares in Brussels-based drugmaker UCB surged yesterday following a US ruling that blocks rival firms from making generic versions of its epilepsy drug Vimpat. Shares closed up by almost nine per cent in Brussels – its best performance since 2009 – and also giving a shot in the arm to other pharmaceutical stocks around Europe. [...]
Forging closer ties with booming India will unlock vast opportunities for Britain August 15, 2016 On the eve of Indian independence on 15 August, 1947 (whose anniversary was celebrated yesterday), the country’s first Prime Minister Jawaharlal Nehru said that “the achievement we celebrate today is but a step, an opening of opportunity, to the greater triumphs and achievements that await us.” India’s independence was not even 70 years ago, yet the [...]
Who owns America? Why Donald Trump will lose – but not by much August 15, 2016 To put it mildly, by any terrestrial standards Donald Trump has not had a good week. Be it seeming to threaten Hillary Clinton with assassination or stubbornly refusing to back down on his Oliver Stone-like claim that President Obama is the founder of Isis, Trump has stretched the already fraying bonds of American credulity to breaking point. [...]
Sky plots Spain launch as online TV war escalates August 14, 2016 The battle for control of the growing online streaming market is heating up as Sky prepares to launch Now TV in Spain. It’s understood Sky plans to use Spain as a springboard in to other European markets if the Spanish launch is a success. Now TV will be competing directly with US streaming site Netflix in [...]
US 2016 Presidential Election: The Clintons’ tax return shows the pair made more than $10m last year August 13, 2016 Hillary and Bill Clinton raked in a total of $10.6m (£8.2m) in 2015, tax records released by the official Hillary for President campaign yesterday showed. The former president earned $6m from speaking fees and engagements, while Hillary Clinton, who is running to succeed Barack Obama in the White House took in more than $4m in fees and [...]
US 2016 Presidental Election: Donald Trump thinks he’ll only lose Pennsylvania if the election is rigged August 13, 2016 Donald Trump has said the only way he will lose the state of Pennsylvania in the US Presidential Election is if the vote is rigged. Ramping up his rhetoric ahead of the 8 November poll, Trump said last night at a rally in the state: "The only way we can lose, in my opinion – [...]
China’s slowdown intensifies with weak summer spending August 12, 2016 China's economic rebalancing hit another speed bump this morning as fresh data came in below expectations. Growth in both the mighty industrial sector and consumer industries slipped back in July, highlighting the extent of China's struggle to maintain its breakneck expansion while also implementing structural reforms. This morning the National Bureau of Statistics said investment in fixed [...]
UK front of the queue for US foreign direct investment August 12, 2016 British investment into the United States underpins more than one million jobs on the other side of the Atlantic, research has shown, highlighting the importance of the economic special relationship. Business group the CBI said the UK has retained its position as the single largest investor into the US, accounting for $449bn (£346bn) – or 15 per cent [...]
Macy’s to shutter 15 per cent of US stores as it looks to grow online August 11, 2016 US department store chain Macy’s is to shut around 100 stores – some 15 per cent of its total – as it battles falling foot traffic. The stores slated to be closed represent around four per cent of its declining revenue. Macy’s shares climbed on the news, ending the session up in New York, though are down [...]
Australia moves to block Chinese investment in energy grid August 11, 2016 Australia's government is taking steps to stop two Chinese firms from taking a controlling stake in its largest energy network, citing national security concerns. It puts Australia in a similar position to the UK, where the politicians must balance security concerns related to China's involvement in Hinkley against the importance of a good relationship with the world's second [...]