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(MENAFN - AFP) Swiss pharmaceutical group Roche said Wednesday it was buying Seragon Pharmaceuticals, a US biotechnology firm specialising in a new way to fight breast cancer, in a deal worth up to $1.7 billion (1.2 billion euros).Seragon, a privately held outfit located in California, is developing a new generation of treatments for the most common form of breast cancer, ...

 

(MENAFN - AFP) Spain's unemployment queue shrank in June as the economy slowly recovered after emerging in mid-2013 from a two-year recession, the government said Wednesday.The number of people registered as unemployed in Spain's economy, the fourth-largest in the eurozone, fell by 122,684 from the previous month to 4.45 million in June, the Labour Ministry said in a monthly ...

 

(MENAFN - AFP) Health ministers from across western Africa will meet on Wednesday to plan "drastic action" against the deadliest ever Ebola epidemic as dozens of new cases continue to emerge.There have been 759 confirmed or suspected cases of the haemorrhagic fever in Guinea, Liberia and Sierra Leone, the World Health Organisation (WHO) said on Tuesday, with 467 people ...

 

(MENAFN - AFP) Australia is emerging as the latest hotspot for casino operators as they look to attract Asia's high rollers to the gaming tables as well as its pristine beaches and popular centres like the Great Barrier Reef.With a mining boom slowing, the prospect of thousands of new jobs and billions in tourist dollars has convinced Queensland and New South Wales to ...

 

(MENAFN - AFP) Bulgaria appears to have averted a feared banking crisis in the EU's poorest state, but analysts warn of continued instability in the face of ongoing political turmoil.Reports of irregular activities prompted a run on the country's third and fourth largest banks - First Investment Bank (FIBANK) and Corporate Commercial Bank (CCB) - last month.On Monday, ...

 

(MENAFN - AFP) A Marco Polo-era replica ship floats in a massive water tank while just metres away ancient Mongol tents recreate the court of Kublai Khan - welcome to Pinewood Studios' Asia production facility. The 50-acre (20-hectare), $170 million complex in southern Malaysia's Iskandar investment zone is the studio's first in Asia and marks its expansion East in search ...

 

(MENAFN - AFP) Jamie Dimon, the chief executive at JPMorgan Chase, announced Tuesday that he has throat cancer and will remain on the job as he seeks treatment."The good news is that the prognosis from my doctors is excellent, the cancer was caught quickly, and my condition is curable," Dimon, 58, said in a letter to employees and shareholders.The cancer is limited ...

 

(MENAFN - AFP) Ratings company Moody's on Tuesday slashed Puerto Rico's debt rating by three notches into even deeper junk status after the US territory passed a debt-restructuring law.Moody's Investors Service cut the rating to "B2" from "Ba2" and said the outlook was negative, indicating further downgrades were possible.Now dubbed the "Greece of the Caribbean," ...

 

(MENAFN - AFP) British artist Tracey Emin's controversial 'My Bed' sold for £2.2 million ($3.8 million, 2.8 million euro), almost double its guide price, at an auction in London on Tuesday.The work, a rumpled bed surrounded by the intimate debris of empty bottles of vodka, cigarette packets and condoms, attracted controversy when it was shortlisted for the 1999 Turner ...

 

(MENAFN - AFP) Hungarian Prime Minister Viktor Orban said Tuesday his country would not give up on Russia's controversial South Stream gas pipeline project as it was key to securing the country's energy supplies.The crisis in Ukraine has made the planned pipeline bringing Siberian gas to the European Union - bypassing Ukraine - a new focus of tensions between Moscow, Brussels ...

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