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Business 06 Oct 2010 | 12:00 AM

Donors pledge US$11.7 billion to fight AIDS, TB

UNITED NATIONS: Donors committed US$11.7 billion on Tuesday to fight AIDS, tuberculosis and malaria for the next three years, far below the $17 billion needed to meet U.N. goals to slow and beat the killer diseases.

Business 17 Apr 2012 | 12:00 AM

American Jim Yong Kim is chosen to lead World Bank

WASHINGTON (AP) - Jim Yong Kim, an American who is president of Dartmouth College, has been chosen to be the next president of the World Bank. His selection Monday extends the U.S. hold on the top job at the 187-nation development agency.

Business 17 Mar 2018 | 12:00 AM

Billionaire Li Ka-shing retires

Track record includes a US$15bil profit from sale of Orange mobile phone unit

Corporate News 16 Mar 2018 | 8:46 AM

Li Ka-shing retires, ending career of one of Asia’s top tycoons

HONG KONG: Li Ka-shing, a wartime refugee who used to sweep factory floors in Hong Kong for a living, retired after a career spanning more than half a century amassing one of Asia’s biggest fortunes from building skyscrapers to selling soap bars.

Business 14 Apr 2017 | 10:55 PM

Abbott agrees to buy Alere at lower price of US$5.3bil from earlier offer

NEW YORK Diversified healthcare company Abbott Laboratories on Friday agreed to buy Alere Inc at a lower price than it had previously offered, after raising concerns about the accuracy of various representations, warranties and covenants made by Alere in the earlier agreement.

Business 27 Apr 2010 | 12:00 AM

Europe trade deal could hit Indian generic drugs

MUMBAI, India: It took two years of secret suffering and gut-wrenching diarrhea to make Lumkile Sizila face the fact that he had HIV