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S.Korea complains to Russia about airspace violation, warns of tougher response -

S.Korea complains to Russia about airspace violation, warns of tougher responseSouth Korea's top security adviser lodged a strong objection with Russian after its military aircraft violated South Korean airspace on Tuesday, South Korea's presidential office said, and will take stronger action if it happens again. South Korea's Chung Eui-yong, chief of the National Security Office, sent a strong objection to Nikolai Patrushev, Secretary of the Security Council of Russia, and asked the council to assess the incident and take appropriate action, the president's office said in a statement. "We take a very grave view of this situation and, if it is repeated, we will take even stronger action," Chung said, according to South Korea's presidential office.


Tue, 23 Jul 2019 01:53:17 -0400

UBS posts surprise second quarter profit boost -

UBS posts surprise second quarter profit boostUBS on Tuesday beat forecasts with a $1.4 billion net profit for its second quarter of 2019, as gains in its advisory business softened an investment banking fall and boosted its Swiss retail and corporate banking business. The 1% rise meant Switzerland's biggest bank's earnings exceeded the median net profit estimate in the bank's own consensus poll for a 24.9% slide to $1.038 billion. "In the second quarter we achieved the highest second-quarter net profit since 2010 and an improvement on an already strong second-quarter 2018," Chief Executive Sergio Ermotti said in a statement.


Tue, 23 Jul 2019 01:31:03 -0400

Channel Tunnel group Getlink says 'no-deal' Brexit is becoming very likely -

Channel Tunnel group Getlink says 'no-deal' Brexit is becoming very likelyChannel Tunnel operator Getlink posted lower first-half operating profits on Tuesday and said the scenario of Britain leaving the European Union without a divorce deal on October 31 was becoming "very likely". Getlink, formerly known as Eurotunnel, said its key reference scenario was now the "no-deal" one, and it therefore expected 2019 earnings before interest, taxes, depreciation and amortisation (EBITDA) to fall to 560 million euros ($626.6 million) from 569 million in 2018. Economic activity will continue to develop", he said, adding that Getlink's businesses met "vital needs".


Tue, 23 Jul 2019 01:30:02 -0400

Sanofi signs U.S. rights deal with Roche for flu treatment Tamiflu -

Sanofi signs U.S. rights deal with Roche for flu treatment TamifluFrench drugs and healthcare group Sanofi said on Tuesday it had signed a rights deal with Roche for the 'Tamiflu' product in the United States. The deal will give Sanofi exclusive U.S. over-the-counter (OTC) rights to Tamiflu, which is used for the prevention and treatment of flu. "This is a strategic and important transaction for us as we strive to continually bring innovations to the market," said Alan Main, executive vice president of Sanofi's consumer healthcare division, in a statement.


Tue, 23 Jul 2019 01:22:19 -0400

Australia to create new Pacific military unit in bid to woo the region -

Australia to create new Pacific military unit in bid to woo the regionAustralia will create a new military unit dedicated to training and assisting Pacific allies, Defence Minister Linda Reynolds said on Tuesday, as Canberra accelerates plans to undercut Chinese influence in the region. Australia, which long enjoyed virtually unchecked influence in the Pacific, and its Western allies worry that the region has edged closer to China in recent years as Beijing increases aid to the sparsely populated region and its resource-rich oceans. Australia has channelled ever larger amounts of aid to the region in a bid to counter China's growing presence but Reynolds said Canberra would also broaden its courtship of the Pacific to include stronger military ties.


Tue, 23 Jul 2019 01:09:12 -0400


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