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Take Five: A spanner in the global economic works

Can we have it both ways? For two decades, trade expansion has fueled rapid global economic growth. But with trade volumes contracting at a rate of more than 1% year-on-year and the Sino-U.S trade war nearing its two-year anniversary, world growth will plumb decade-lows next year, the Organisation for Economic Co-Operation and Development predicts.

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AstraZeneca shares rise on early U.S. approval for leukemia drug

AstraZeneca shares rose 2.7% on Friday after the British drugmaker won earlier-than-expected U.S. regulatory approval for a leukemia drug, in a challenge to rival AbbVie . AstraZeneca said late on Thursday that the U.S. Food and Drug Administration (FDA) had given its go ahead for the company’s Calquence drug to treat chronic lymphocytic leukemia (CLL), one of the most common types of leukemia in adults. …read more […]

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U.S. factory and services activity quicken in November: Markit

U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers showed on Friday in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds.

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Aerospace suppliers prepare for prolonged grounding of 737 MAX

Makers of aircraft parts are making contingency plans for a prolonged grounding of Boeing’s 737 MAX, with several expecting the jet’s return to service to take longer than the planemaker hopes. The start date of deliveries of the MAX, grounded worldwide in March following a second fatal crash in five months, and the pace of production, which affects prices of aircraft parts, were key topics of discussion among suppliers at the Dubai Airshow this week. Boeing has said it hopes to begin deliveries of the jet next month after a software fix is approved by the U.S. Federal …read more […]