08302016Tue
Last update: Tue, 30 Aug 2016 11pm

Industries & Sectors

Business & Finance - Industries & Sectors

Over 14,000 women took Sanofi epilepsy drug despite fetus risk PARIS: More than 14,000 pregnant women in France took Sanofi's anti-epilepsy drug Depakine between 2007 and 2014 even though the risk of fetus malformation was known, according to a study released by France on Wednesday. Health Minister Marisol Touraine said in a statement that a second part of the study, yet to be released, would focus on the impact on children whose mothers took the drug. Its active ingredient is sodium valproate and it has been sold under different brand names.It can increase the risk of autism, arrested development and deformation of facial features. Touraine said parliament would vote on a compensation mechanism for victims by the end of this year. Parents of victims say Sanofi and the French state have been too slow in warning about the side effects of the drug. Victims association APESAC estimates that Depakine could have affected more than 50,000 people since it was first ...

Business & Finance - Industries & Sectors

Pfizer to buy antibiotics business from AstraZeneca LONDON: Pharmaceutical company AstraZeneca has agreed to sell its small molecule antibiotics business to Pfizer Inc in a deal that could be valued at more than $1.5 billion. AstraZeneca, which saw off a $120 billion takeover attempt by Pfizer in 2014, said the sale would allow it to focus on developing new medicines in its main areas of cancer, and respiratory and cardiovascular diseases.The US company, which on Monday bought cancer drug firm Medivation for ...

Business & Finance - Industries & Sectors

Facebook bringing this terrible feature Facebook is always busy introducing products and services day in day out, all this hassle is to improve the user experience. However, not every change is good and sometimes it is not required.This seems to be the case with Facebook latest adventure with sound and video as the social network is starting to trial autoplaying videos with sound on. Currently in the testing phase users in the test can turn off the sound on individual ...

Business & Finance - Industries & Sectors

Australia carrier Qantas posts record net profit SYDNEY: Australian carrier Qantas on Wednesday soared to a record annual net profit and announced a first payout to shareholders for seven years in a strong turnaround after major restructuring.The airline reported a net annual profit of Aus$1.42 billion (US$1.08 billion) in the year to June 30, an 80 percent increase from the previous corresponding period.Underlying profit before tax -- Qantas' preferred measure -- also hit a record of Aus$1.53 billion. Copyright AFP (Agence France-Presse), ...

Business & Finance - Industries & Sectors

Tesla touts vehicle speed and range with new upgraded battery SAN FRANCISCO: Tesla Motors Inc Chief Executive Elon Musk said on Tuesday the company will offer a larger upgraded battery pack for performance versions of its Model S and X vehicles that will extend range and allow for super fast acceleration. The new 100 kilowatt hour battery pack means high end versions of the Model S sedan, called the P 100D, will be the world's fastest accelerating car in production, the Silicon Valley automaker said. ...

Business & Finance - Industries & Sectors

Hyundai's Russia business starts car exports to Georgia, Tunisia MOSCOW: Hyundai Motor's Russian plant will start exporting Russian-assembled cars to Georgia and Tunisia this month, it said in a statement on Tuesday. Hyundai, the world's fifth-biggest automaker, will ship the Solaris, its flagship model in Russia, to Tunisia and its Accent and Creta models to Georgia. It started producing its Creta model in a Saint Petersburg plant in August. It also plans to sell the Creta in Kazakhstan, Belarus, Ukraine and Georgia and countries ...

Business & Finance - Industries & Sectors

Russia's Rusal Q2 core earnings seen up 8pc q/q MOSCOW: Russian aluminium giant Rusal is expected to report an 8 percent rise in second-quarter core earnings compared with the previous quarter thanks to a recovery in aluminium prices, a Reuters survey of analysts at six banks showed.Rusal's second-quarter earnings before interest, taxation, depreciation and amortisation (EBITDA) are expected to increase to $336 million from $312 million in the first quarter.Aluminium prices on the London Metal Exchange (LME) are up about 11 percent since the ...