Articles on this Page
- 12/13/18--10:25: _$4.4 Billion Smart ...
- 12/14/18--21:53: _Europe's Left and R...
- 12/14/18--22:09: _Slower Overseas Gro...
- 12/14/18--22:19: _Wall Street drops o...
- 12/14/18--22:19: _Global growth worri...
- 12/14/18--18:42: _EU Leaders Wrap Up ...
- 12/14/18--18:58: _Climate Change Talk...
- 12/14/18--19:43: _The Khashoggi Affai...
- 12/14/18--22:19: _Wall Street tumbles...
- 12/14/18--22:19: _Wall Street tumbles...
- 12/14/18--22:19: _Global growth worry...
- 12/14/18--20:32: _America, Will It Be...
- 12/14/18--22:09: _'If He's Hiding, I ...
- 12/14/18--21:44: _From Brexit to Yell...
- 12/14/18--22:08: _What Rangers need t...
- 12/14/18--22:10: _Serie A: Juventus s...
- 12/14/18--23:12: _Dramatic Brexit wee...
- 12/15/18--00:09: _Canberra A-League b...
- 12/14/18--23:40: _BeiGene Announces U...
- 12/15/18--00:03: _Coherix and VistaLi...
- 12/14/18--21:53: Europe's Left and Right Share a Common Call: State Intervention
- 12/14/18--22:09: Slower Overseas Growth Fans Worries on U.S. Expansion
- 12/14/18--22:19: Global growth worries, J&J's tumble drag Wall Street lower
- 12/14/18--18:42: EU Leaders Wrap Up Year-Long Euro Reform With Face-Saving Package
- 12/14/18--18:58: Climate Change Talks At Katowice Going Nowhere – OpEd
- 12/14/18--19:43: The Khashoggi Affair: Whither The Kingdom – Analysis
- 12/14/18--22:19: Wall Street tumbles on global growth worries, J&J decline
- 12/14/18--22:19: Wall Street tumbles on global economic worries; J&J drags S&P, Dow
- 12/14/18--22:19: Global growth worry hits stocks, but U.S. data lifts dollar
- 12/14/18--20:32: America, Will It Be Always Great? – OpEd
- 12/14/18--21:44: From Brexit to Yellow Vests, a common thread of economic hardship
- 12/14/18--23:12: Dramatic Brexit week leaves us none the wiser
- 12/15/18--00:09: Canberra A-League bid urged to name backers
Dublin, Dec. 13, 2018 (GLOBE NEWSWIRE) -- The "Smart Mirror Market by Application (Automotive, Hospitality & Retail), Automotive Smart Mirror (Type and Functionality), Hospitality & Retail Smart Mirror (Component, Technology, and Augmented Reality), and Region - Global Forecast to 2023" report has been added to *ResearchAndMarkets.com's* offering.The smart mirror market, in terms of value, is expected to grow from USD 2.82 billion by 2018 to USD 4.42 billion by 2023, at a CAGR of 9.41% from 2018 to 2023.Major drivers for the growth of smart mirror market are the increasing demand for smart mirrors in the automotive industry, the transition from traditional stores to digital stores in the retail industry, the presence of a large number of start-ups in the smart mirror market, and new and innovative features of smart mirrors.
This report covers the smart mirror market based on application-automotive (subsegmented by type and functionality), hospitality and retail (subsegmented by technology, augmented reality feature, and component), and others (subsegmented by component) and region. The market for hospitality and retail is expected to grow at the highest CAGR from 2018 to 2023.Smart mirrors are often used in the retail sector wherein retailers try to catch the interest of potential clients and encourage them for frequent or regular visits. Additionally, they can display useful information, ranging from price and size availability to the fabric used. Smart mirrors allow shoppers to share their shopping experiences on social media. The increasing adoption rate of smart mirrors in North America and Europe for the hospitality and retail sectors is also driving the smart mirror market.
The market for the automotive connected mirrors is expected to grow at a higher CAGR from 2018 to 2023. A connected smart mirror is integrated with various other features to ensure safety and convenience to the drivers while driving. Connected mirrors feature temperature display, Bluetooth and hands-free connectivity, navigation, microphone, and automatic garage openers, among others. These features enhance driver convenience and are easy to operate. Due to these features, the demand for connected mirrors is increasing rapidly.
Europe is a leading the automotive smart mirror market in terms of market share. The automotive smart mirror market in APAC is expected to grow at the highest CAGR from 2018 to 2023. The projected growth of the market in APAC can be attributed to the increasing adoption of smart mirrors due to the rise in the production of luxury and premium cars in the Indian and Chinese automotive markets. Other the factors contributing to the growth of the automotive smart mirror market include the falling prices of camera technology and increasing demand for advanced features in mirrors for vehicles.
The security concerns associated with the confidentiality of personal data is restraining the growth of the smart mirror market. The tracking function of smart mirrors is not just restricted to the clothing activities around dressing rooms; these mirrors also access other customer information, including their entire purchase history, lighting preferences, and interactions with previous sales associates, along with hundreds of other data points. This personal information is at the risk of being transmitted to unintended receivers, which might eventually cause a security breach.
Major players in the smart mirror market are Gentex (US), Magna (Canada), Electric Mirror (US), Seura (US), Murakami Kaimeido (Japan), Ficosa (Spain), ALKE (Belgium), ad Notam (Germany), Dension (Hungary), and Keonn (Spain).
These players have adopted strategies such as product launch, product developments, collaborations, agreements, and acquisitions to cater to the needs of customers.
*Market Dynamics*Drivers· Increasing Demand for Smart Mirrors in Automotive Industry
· Transition From Traditional Stores to Digital Stores in Retail Industry
· Presence of Large Number of Start-Ups in Smart Mirror Market
· New and Innovative Features of Smart Mirrors
· Security of Confidential and Personal Data
· Growing Smart Home Market
· Untapped Market in APAC
· High Costs and Lack of Awareness
*Companies Mentioned *· Actimirror
· AD Notam
· Electric Mirror
· Glance Displays
· Murakami Kaimeido
· Myra Mirrors
· Oak Labs
· Perseus Mirrors
For more information about this report visit https://www.researchandmarkets.com/research/sbvrd4/4_4_billion?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Telematics and Vehicle Electronics, Internet of Things and M2M Reported by GlobeNewswire 2 minutes ago.
Antiestablishment parties, popular across Europe for attacking the EU’s immigration and fiscal rules, are now pushing back against a long-held EU economic orthodoxy that favors markets and competition over state intervention.
Reported by Wall Street Journal 4 hours ago.
Fresh economic figures from Europe and China added to concerns that weakening growth at the end of 2018 will carry over into a sharper slowdown next year, weighing on the solid but cooling U.S. expansion.
Reported by Wall Street Journal 4 hours ago.
By Medha Singh (Reuters) - U.S. stocks fell on Friday as weak economic data from China and Europe rekindled fears of slowing global growth, with Johnson & Johnson leading the losses after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder
Reported by Firstpost 4 hours ago.
By Medha Singh (Reuters) - U.S. stocks slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson slid after Reuters reported the company knew for decades that asbestos lurked in its Baby Powder
Reported by Firstpost 4 hours ago.
By Jorge Valero
(EurActiv) — EU leaders concluded on Friday (14 December) a year-long discussion to bolster the eurozone by approving extra money to resolve failing banks and additional powers for the European Stability Mechanism, the EU’s rescue fund.
“A year ago, we promised concrete steps to strengthen the economic and monetary union”, European Council President Donald Tusk said after the euro summit. “Today, leaders delivered on this promise,” he added.
But some arrived unhappy to the end station, as the results were far from the original ambition to bolster the common currency.
The ‘window of opportunity’ seen by many in Brussels and in the capitals to bolster the euro concluded without the risk-sharing instruments, key to complete the monetary union.
Germany succeeded in watering down the euro summit conclusions as the country continues to oppose the completion of the banking union with a European-wide guarantee for bank depositors.
An agreement reached by finance ministers early this month set up a high-level group to come up with proposals to progress on this guarantee by June.
The ministers’ text was the basis for the summit conclusions.
The EU heads of state and government also mandated their finance ministers to work on the details of a new fund to support reforms in member states.
However, they did not contemplate any stabilisation function for this new instrument to address sudden economic shocks, seen as the first step toward a eurozone budget.
“I have the impression that we move forward, but not fast enough”, said European Commission President Jean-Claude Juncker.
“We do not feel satisfied,” said Spain’s Prime Minister Pedro Sánchez. The decisions went “in the right direction”, he said, but are “incomplete and not enough”.
Spain, France and Portugal were among the countries pushing for more ambition to deepen the eurozone, by completing the banking union to protect depositors or setting up a eurozone budget that could protect European jobless in the future.
French President Emmanuel Macron was the biggest promoter of the eurozone budget, which would represent the first step toward a fiscal union.
Macron said it was the first time that “a clear mandate” had been given to finance ministers for creating a eurozone budget, with a target date set for June 2019.
“One year ago, many considered it impossible,” Macron remarked, saying Franco-German cooperation had made it possible “to convince our most reluctant partners”.
“France continues to consider that it is important also to have a stabilisation function, but there was no consensus today on this function,” Macron said. “However, I do not give up on the idea,” he continued.
Germany accepted part of Macron’s agenda to reform the euro area. However, a dozen countries led by The Netherlands opposed any additional fiscal transfers in Europe as they perceive that some countries need to put their house in order first.
German Chancellor Angela Merkel admitted that the Franco-German proposal for a eurozone budget “has been controversial” and it was explained once again to the leaders.
“We have adopted substantial parts of what Macron has proposed, the French president was quite satisfied, we made a good contribution with the Franco-German cooperation,” she told reporters after the summit.
EU leaders endorsed the creation of a ‘backstop’ to support the pot to resolve Europe’s ailing banks with around 60 billion as from 2024.
The euro summit also supported strengthening the powers of the ESM, the EU’s rescue fund, to provide precautionary credits to countries in trouble but under strict conditionality.
But this package came only after a year of hard discussions and excluded the most ambitious reforms: a European guarantee for banks’ deposits under €100k and a eurozone budget to stabilise countries suffering sudden shocks.
The European Deposit Insurance Scheme (EDIS) is the remaining pillar of Europe’s banking union and would help to avoid bank runs as depositors would feel protected by a European umbrella.
This guarantee was not even mentioned in the summit conclusions because of Berlin’s opposition. The text only refers to a letter in which finance ministers called for more technical work on this front earlier this month.
As leaders were discussing the elements of the final package, a Spanish diplomat said with a hopeless face that they were fighting, together with France and Portugal, to protect the agreement reached by the finance ministers.
In a vague reference, leaders called “to advance work on the Banking Union and for ambitious progress by spring 2019 on the Capital Markets Union, as outlined in the Eurogroup report to leaders.”
As regards the new instrument to support reforms, the leaders mandated their finance ministers to work “on the design, modalities of implementation and timing of a budgetary instrument for convergence and competitiveness for the euro area”. Candidates to adopt the euro could participate too.
The conclusions stated that the features should be agreed by June 2019, as it will be part of the next EU’s long-term budget (the Multi-annual Financial Framework).
The fund would regroup European Commission’s proposals to support reforms and stabilise eurozone economies, totalling €55 billion, although the leaders did not specify the size of the new fund.
“I am relatively happy about today’s discussion, although I would like a more enthusiastic response to the stabilising function we propose,” Juncker said. Reported by Eurasia Review 8 hours ago.
By Ranvir S. Nayar*
This is gatecrashing of a different kind. Present among the 193 nations negotiating a crucial agreement on climate change and reducing carbon emissions in Katowice, southern Poland, is one country that has already decided it will not be bound by the final outcome, and so has no stake in ensuring the success of the negotiations that could make all the difference to the global climate.The culprit is the US, and, rather unusually for a UN conference, it was called out as such by delegates from other nations. During a speech earlier this week, Vanuatu’s foreign minister accused the US of stalling progress in discussions by creating obstructions. The minister added that the countries that had been responsible for climate change were now frustrating attempts at reaching an agreement.At the heart of the issue facing Vanuatu and practically all the small island states in the Pacific and Indian oceans is recognition of the damages and losses being incurred by them and the rest of the world due to severe climatic conditions resulting from climate change.But in Katowice, the US and the developed world have been keen to delink the devastation caused by hurricanes and cyclones that seem to strike some part of the world every other day now. Developed countries’ desire to disassociate two parts of an obvious phenomenon stems from the fact that they are meant to pay for the damage caused by climate change. Indeed, finance is one of the most contentious issues being discussed in Katowice.
In Paris, developed economies, which incontestably have been primarily responsible for climate change, had agreed to raise an additional $100 billion per year to address climate change. The total funding needed by developing economies to manage the damage wrought upon them by nature, adopt climate-friendly technologies and cut their own emissions is estimated to be around $1.5 trillion.This is the figure that developed economies, led by the US, are running away from. They are trying to find all kinds of loopholes and disingenuous ways to escape their responsibilities, upsetting developing economies that have been the main recipients of the disasters brought about by climate change.The US has also earned ridicule in Katowice as it sought to present coal, by far the largest cause of carbon emissions, as a solution to climate change. This is a total reversal from its position in Paris, where the US and most developed nations promised to reduce dependence on coal and the entire gamut of fossil fuels, and move toward zero net carbon emissions.But since the election of Donald Trump as president, the US has made a U-turn on the issue, and now rules out even cutting the use of coal. The US has been joined by Australia, one of the world’s largest producers and exporters of coal. Host nation Poland is also in the dock for not only supporting the coal industry, but also getting many coal-producing and coal-using companies as principal sponsors of the Cop24 meeting.The developed world’s sudden love for coal could have extremely serious implications for climate change, and the scenario becomes even bleaker with the reluctance of China and India to cut back sharply on their use of coal in power generation.Even though the two Asian giants have been adopting renewable energy at an enviable pace, their use of coal in absolute numbers still remains extremely high, and is projected to grow at least for the next few years before commencing a decline.During its presentation in Katowice, the Trump administration also promoted other fossil fuels such as oil and gas as solutions to climate change. However, an overwhelming majority of experts say fossil fuels need to be totally phased out in order to meet climate targets and avoid catastrophic climate change.The blacklist of US actions in Katowice seems to be getting painfully longer with each passing day of negotiations. The US and three other oil-producing countries held up the negotiations on a technicality.The issue was a report by the Intergovernmental Panel on Climate Change (IPCC), presented to Cop24, which warned that global temperatures had already risen by 1°C since the beginning of the industrial era, and that the world is on course to reach an increase of 3°C by 2100, a catastrophic scenario and way above the target of 1.5-2°C set in Paris.While delegates of 189 nations welcomed the IPCC report, the US and three other countries objected and wanted the meeting to only “take note” of it, thus diluting the response that would be expected by signatories of the Paris Agreement in order to ensure that the global temperature rise is kept within the deal’s objectives. The dispute over the report has already led to a significant delay in progress on other issues.As the talks enter their final day, for most of the 20,000 people who have been camping in Katowice for nearly a fortnight, things appear to be exactly where they were on Dec. 2, when discussions began. The talks are certain to be extended by a day or more, but it remains to be seen if Katowice survives persistent US interference.
*• Ranvir S. Nayar* is managing editor of the Media India Group, a global platform based in Europe and India that encompasses publishing, communication and consultation services. Reported by Eurasia Review 7 hours ago.
By Brandon Friedman*
(FPRI) — The media has too often cast the House of Saud as an effete body of idle princes. The image is a distortion. The family has its full share of able, energetic men, both in the older and younger generations. It has far more resiliency than some critics choose to believe. – Hermann Frederick Eilts – 1980
For much of the Kingdom of Saudi Arabia’s modern history, its foreign policy has been oriented towards preserving regional stability and upholding the status quo of the post-World War I state system. Unlike Egypt or Iraq, Saudi Arabia did not actively seek a dominant leadership role in the Arab state system. If its coalitions fluctuated in foreign affairs, it was because the Saudis usually demonstrated pragmatic flexibility in maneuvering to maintain a regional balance of power. Since the 1980s, Saudi diplomacy and statecraft were characterized by caution, and in practice conducted discreetly, often behind the scenes. The Saudis were known as active regional mediators and were successful in using their oil wealth to advance their security interests.
This pattern of foreign policy behavior changed following King Salman’s accession to the throne in 2015, and the change became sharper and more visible after Mohammed bin Salman became crown prince in 2016. To be sure, this change could be seen as a reasonable response to challenging circumstances. The crown prince believed the weakness of the Arab world in the aftermath of the Arab Spring and the twin threats of the Muslim Brotherhood and Iranian expansion demanded that Saudi Arabia emerge from behind the scenes to play a more forceful leadership role. Mohammed bin Salman’s rapport with Jared Kushner (the two are said to regularly exchange text messages on WhatsApp), U.S. President Donald Trump’s son-in-law, and his ability to convince the Trump administration to put Saudi Arabia at the center of U.S. Middle East policy, elevated his standing in the international community and bolstered his power at home, legitimizing the bold new approach to Saudi foreign affairs.
However, the Jamal Khashoggi affair was the culmination of a series of missteps over the past year that has cast serious doubt on the both the crown prince personally and the reliability of the Saudis more generally. As a result, the journalist’s murder may alter the trajectory of regional politics and will have a significant impact on Saudi domestic politics, despite continuing signs of strong support for the crown prince in the Kingdom.
The Khashoggi crisis has unfolded along two parallel tracks. On one track, the U.S. media and Members of Congress have brought enormous pressure to bear on the Trump administration to hold those involved in Khashoggi’s murder fully accountable. On the other track, Turkey has attempted to use the audio recording of the killing to diminish the crown prince and reset Turkey’s relations with the U.S. at the Saudis’ expense. While the Trump administration has demonstrated its intention to shield the Saudis and Mohammed bin Salman from a full accounting for the time being, it is not clear whether the Saudis will possess enough political capital and goodwill in the aftermath of this affair to serve as the West’s leading partner in regional politics, as envisioned by the ambitious crown prince.
** *Public Outcry in the West* **
On October 2, Jamal Khashoggi entered the Saudi consulate in Istanbul to finalize a divorce in order to marry his Turkish fiancé, who was waiting for him outside. He was killed by a team of Saudi officials, who had apparently travelled from Saudi Arabia to Turkey for the purpose of confronting Khashoggi in the consulate. Details leaked from parallel Turkish and Saudi investigations have revealed conflicting information about the specific circumstances that led to Khashoggi’s murder, and it is still not entirely clear whether it was premeditated murder or a botched kidnapping/rendition. If it was a premeditated, who authorized it? And what was the role of Saudi Crown Prince Mohammed bin Salman in it?
The silencing of Khashoggi’s voice of dissent provoked an initial wave of public outrage in the West. The details of Khashoggi’s brutal murder have been slowly leaked by Turkey’s security services to the international media, lending the entire episode the suspenseful quality of a noir thriller. The grisly news has captured the public’s imagination, raising questions about the nature of the West’s close ties to a crown prince, who was portrayed as reckless (and perhaps ruthless), after a series of missteps over the year leading up to this incident. Moreover, Khashoggi was well-liked and well-connected, and his position at the Washington Post meant that an attack on him was perceived as an attack on freedom of the press, a sacrosanct part of democratic political culture in the West. The Washington Post has remained doggedly fixed on the story for more than two months, despite efforts to steer the news cycle away from the Khashoggi issue.
In the United States, Congress, the media, and the business community responded to the news of Khashoggi’s murder in a way that fed the public backlash, turning the issue into a slow-motion diplomatic crisis. A bipartisan group of 22 U.S. senators signed a letter invoking the Global Magnitsky Human Rights Accountability Act calling on the U.S. president to impose sanctions on anyone found accountable for Khashoggi’s murder. Virgin Group’s billionaire owner Richard Branson announced he was suspending plans to partner with the Saudis on his latest ventures into space, and several prominent and potentially significant U.S. investors backed out of the crown prince’s major Future Investment Initiative (“FII”), which was billed as “the Davos in the Desert” and held in late October.
As details of Khashoggi’s murder slowly emerged in mid-October, Europe also applied public pressure. The United Kingdom, France, and Germany issued a joint statement defending freedom of expression and protection for journalists and calling for a “credible investigation.” Germany announced it would halt all new arms exports to Saudi Arabia until the circumstances of Khashoggi’s murder were clarified. In late October, the European Parliament passed a non-binding resolution calling for a European-wide arms embargo on Saudi Arabia. Denmark and Finland later announced they would halt all future arms sales export licenses to Saudi Arabia. Yet, this was not a big sacrifice. Their arms sales to the Kingdom are not a major engine for their economies.
In Germany, for example, Saudi arms sales amounted to approximately three percent of its total. In the case of other European countries, arms deals with Saudi Arabia remain a significant source of revenues for their economies. France, Spain, and the United Kingdom have all indicated that they intend to honor their defense contracts with Saudi Arabia, despite the crisis, and have not indicated if the crisis would alter future deals. France, in particular, despite selling Saudi Arabia $12.6 billion in arms between 2008 and 2017, has a multidimensional relationship with Saudi Arabia that simply can’t be evaluated in terms of its arms sales to the Kingdom.
In mid-November, the Trump administration and the Saudi government took concrete steps to defuse the crisis by announcing their intentions to punish those involved in Khashoggi’s murder. The Saudi investigation found that Khashoggi had died by lethal injection and his body was then dismembered and disposed of in Turkey. The Saudis announced that they would arrest 18 individuals involved in the incident, and seek the death penalty for five of the eighteen. The U.S. government, for its part, designated 17 Saudis involved in the operation for sanctions under the Magnitsky Act, which would freeze their assets in the U.S. and prohibit U.S. entities from dealing with them.
Mohammed bin Salman was not implicated in either the Saudi investigation or the U.S. sanctions, which prompted a new bipartisan group of six U.S. senators to propose an array of sanctions that targets not just the individuals involved in the killing but also the Saudi regime, arguing that the U.S. had not gone far enough to hold the Saudi government accountable.
The Senators’ proposal for broader sanctions emerged with a leaked Central Intelligence Agency (CIA) assessment that concluded, with “high confidence,” that Crown Prince Mohammed bin Salman ordered the assassination of Khashoggi. On Saturday, November 17, Vice President Mike Pence referred to Khashoggi’s death as an “atrocity,” and reiterated that “the United States is determined to hold all of those accountable who are responsible for that murder.”
Nevertheless, on November 20, the U.S. president issued a statement that reaffirmed the U.S. commitment to Saudi Arabia and Crown Prince Mohammed, downplaying the CIA assessment implicating bin Salman. President Trump justified his defense of the crown prince in terms of U.S. strategic and national interests, arguing that the Saudis were a profligate customer for U.S. defense manufacturers, an important source of oil production for a global market, and a valuable partner in the U.S. effort to contain Iranian expansion in the Middle East. While Trump claims the Saudi defense deals will inject $450 billion into the U.S. economy, only $14.5 billion for a missile system has materialized in concrete terms to date.
And while the Saudis are a critical swing producer for the oil market, the U.S. is far less dependent on Saudi production than it has been since the 1970s. In the immediate aftermath of Khashoggi’s killing, the Saudis delivered on a $110 million pledge to support the U.S. military mission in Syria, and there have been rumors that there are a small number of Saudi troops on the ground there. Whatever the merits of Trump’s claims, the White House’s staunch support for the Saudis and the administration’s effort to shield the crown prince from further damage has played a critical role in helping Crown Prince Mohammed weather the storm of this crisis.
In late November, the White House prevented CIA Director Gina Haspel—who traveled to Turkey to hear the audio recording of Khashoggi’s killing—from testifying at a U.S. Senate foreign relations committee hearing on the civil war in Yemen on Wednesday, November 28. Observers described the hearing as an important litmus test for whether Congress will push for more sanctions on Saudi Arabia. There is renewed support for the bipartisan “Saudi Accountability and Yemen Act,” which would limit arms sales to Saudi Arabia; end U.S. refueling of Saudi aircraft involved in the Yemen war; demand a new report on human rights in Saudi Arabia; and mandate sanctions on individuals implicated in Khashoggi’s murder. However, it is doubtful that any such new legislation could pass until the newly elected House begins work in 2019.
** *Turkey’s Gambit * **
Turkey, for its part, tried to take advantage of the affair by leaking evidence to extract concessions from the Trump administration, which has tried to bury the crisis. The Turkish leaks fed the media coverage, suggesting there was more damning evidence against the Saudis that had not been disclosed. The subtext of this process had been that unless Turkey’s demands were met, it would publicly release the most damaging information it possesses and discredit the Saudi crown prince and the U.S. efforts to insulate the crown prince from the affair. In this carefully calibrated game of diplomatic extortion, Turkish President Recep Tayyip Erdoğan is trying to both reset his relations with the U.S. and supplant the Saudis as the putative leader of the Sunni world in the Middle East without openly rupturing ties with the Saudi kingdom.
In an early November Washington Post op-ed, Erdoğan took pains to emphasize that the Khashoggi “slaying” was not a “problem” between two countries [Saudi Arabia and Turkey], and while he did not believe “for a second” that King Salman had ordered “the hit on Khashoggi,” Turkey “must reveal the identities of the puppetmasters behind Khashoggi’s killing and discover those in whom Saudi officials — still trying to cover up the murder — have placed their trust.”
When the Khashoggi crisis erupted, Erdoğan’s relations with the United States were unraveling. The Turkish lira had loss 40 percent of its value, inflation was at a 15-year high, and the economy was ailing, in part, due to an ongoing confrontation between Turkey and the U.S. over the American pastor, Andrew Brunson, who was being held by Turkey on espionage charges. As the Khashoggi crisis unfolded, a Turkish court abruptly released Brunson from two years of detention, creating a new atmosphere for engagement between the U.S. and Turkey. Turkey hoped this reset would allow it to offer its support to the Trump administration on Khashoggi affair as part of a broader exchange for concessions from the U.S. on other more vital Turkish interests.
Turkey is seeking greater U.S. cooperation on four key bilateral issues. First, Erdoğan wants the U.S. to extradite Islamist leader Fetullah Gülen, whom Turkey accuses of orchestrating the July 2016 attempt coup. Second, Turkey would like the U.S. to end the federal investigation into Halkbank, which is accused of helping Iran evade U.S. sanctions. Third, Turkey is seeking a permanent exemption from the U.S. for importing Iranian oil. And, fourth, Turkey wants to see the U.S. end its support for the Kurds in northeastern Syria.
The U.S. has its own outstanding claims on Turkey, which include the release of three U.S. citizens who worked for the U.S. consulate, and who are being held on terrorist charges that U.S. officials characterized as “baseless”; an end to Turkish targeting of the People’s Protection Units (YPG) in northeast Syria; and the cancellation of Turkey’s commitment to purchase the Russian S-400 anti-aircraft missile system. Thus far, the Trump administration appears unwilling to participate in this kind of quid pro quo with Turkey, which has led to Turkey’s renewed calls for an UN investigation into the Khashoggi affair.
Beyond its attempt at diplomatic horse-trading, Turkey’s broader strategy has been to use the crisis to diminish Crown Prince Mohammed. This would provide Turkey with three important gains. First, it would undermine the Saudi-Egypt-UAE tripartite front against the Muslim Brotherhood in the region. This grouping has placed itself in opposition to Turkey and Qatar, which, in different ways, have represented Muslim Brotherhood interests in the region since the fall of the Mohamed Morsi government in Egypt in 2013. Second, Turkey hoped to demonstrate that it was more reliable than the Saudis as an American ally in the region. Third, and most importantly, a more timid Saudi Arabia would allow Erdoğan to continue his effort to establish Turkey as the dominant regional power in the Sunni world.
Turkey’s possession of an audio-recording of the Khashoggi killing continues to provide it with significant political leverage over the Saudis, who do not want it publicly released. Turkey would also prefer not to leak the full recording and risk rupturing ties with the Saudis, who still control access to the Hajj and provide considerable economic opportunities to the Turkish private sector, which is reeling from its currency free-fall. However, it is also clear that Erdoğan would like to see the crown prince sidelined as a consequence of the Khashoggi affair. Therefore, despite the Trump administration’s effort to shield the Saudi crown prince, we may see additional developments in the Khashoggi affair that reflect the fundamental differences between Erdoğan’s and Mohammed bin Salman’s vision for the future of the region.
** *Icarus Syndrome?* **
Crown Prince Mohammed has been trying to fight on all fronts at the same time: at home, he has challenged the jihadists, the Islamist activists, even the Wahhabi religious establishment, while at the same time shaking down senior Saudi princes accused of corruption; abroad, he has led the charge to counter Iranian regional expansion, while also trying to stamp out the sources of Muslim Brotherhood influence across the region. All of this was in addition to pursuing the Kingdom’s most ambitious attempt at socio-economic reform in more than 50 years.
While there is much to commend about the crown prince’s efforts to urgently address the legitimate challenges facing the Kingdom, some believe he has been recklessly tilting at windmills simply in order to accumulate power. A series of bad decisions leading up to the Khashoggi affair have undermined his credibility abroad, which also affects his legitimacy at home, despite his popularity with young people in the Kingdom. The blockade of Qatar, the humanitarian crisis in Yemen, the coerced resignation of Lebanese Prime Minister Saad Hariri, and the sharp break with Canada, among others all have called into question the crown prince’s judgment. Among the latest revelations, from David Ignatius, that the crown prince’s court was running a foreign rendition program that unsuccessfully targeted hostile members of the Saudi royal family and their entourages raises further questions about the crown prince’s competence and judgment.
While some have argued the West’s relationship with Saudi Arabia is not based on shared values and is therefore inherently unstable and expendable, the Trump administration has made the case for the relationship with Saudi Arabia in terms of “vital” U.S. security interests. However, looking beyond the moral or realist dimensions of the debate, which are as old as the Saudi-U.S. partnership, the Khashoggi affair has raised the question of whether a third generation of Saudis is capable of delivering on the full measure of its considerable ambitions. It is this aspect of the relationship that will ultimately determine whether the Saudi partnership becomes an asset or liability to the West.
**About the author:* Brandon Friedman, a Senior Fellow in the Foreign Policy Research Institute’s Program on the Middle East, is a Research Fellow at the Moshe Dayan Center for Middle East and African Studies at Tel Aviv University.*Source:* This article was published by FPRI
*Notes:* Herman F. Eilts, “Security Considerations in the Persian Gulf,” International Security 5:2 (1980), 79-113, here 96.
 Jacob Goldberg, Saudi Foreign Folicy: The Formative Years, 1902-1918 (Harvard University Press, 1986); Elie Podeh, The Quest for Hegemony in the Arab World: The Struggle Over the Baghdad Pact (Leiden: Brill, 1995); Mordechai Abir, Saudi Arabia: Government, Society, and the Gulf Crisis (New York: Routledge, 1993).
 William Quandt, Saudi Arabia in the 1980s: Foreign Policy, Security, and Oil (Brookings Institution Press, 1981); F. Gregory Gause III, Oil Monarchies: Domestic and Security Challenges in the Arab Gulf States (New York: Council on Foreign Relations Press, 1994); Gerd Nonnemon, “Determinants and Patterns of Saudi Foreign Policy: ‘Omnibalancing’ and ‘Relative Autonomy in multiple environments,” in Saudi Arabia in the Balance: Political Economy, Society, Foreign Affairs (London: Hurst Ltd., 2005) edited by P. Aarts and G. Nonneman: 315–51.
 Mehran Kamrava, “Mediation and Saudi Foreign Policy,” Orbis 57:1 (Winter 2013), 152-170.
 David D. Kirkpatrick, Mark Landler, Ben Hubbard, and Mark Mazetti, “The Wooing of Jared Kushner: How the Saudis Got a Friend in the White House,” The New York Times, December 8, 2018.
 F. Gregory Gause III, “Fresh Prince: The Schemes and Dreams of Saudi Arabia’s Next King,” Foreign Affairs 97:3 (May/June 2018), 75-86; Dexter Filkins, “A Saudi Prince’s Quest to Remake the Middle East,” The New Yorker, April 9, 2018.
 Martin Chulov, Jamal Khashoggi: murder in the consulate,” The Guardian, October 21, 2018; Adam Taylor, “One month after Jamal Khashoggi’s killing, these questions remain unanswered,” Washington Post, November 2, 2018.
 “The backlash to Khashoggi’s alleged murder is growing – except in the White House,” The Washington Post, October 12, 2018.
 Jordan Tama, “What is the Global Magnitsky Act, and why are U.S. Senators invoking this on Saudi Arabia?,” The Washington Post, October 12, 2018.
 These include the top executives of Blackstone, Blackrock, Google, and JP Morgan & Chase; see: Zainab Fattab and Annie Massa, Saudi “Davos in the Desert” Attendees Dropping Out,” Bloomberg, October 11, 2018; Michelle Davis, Erik Schatzker, and Matthew Martin, “Schwarzman and Fink Said to Shun Saudi Investment Conference,” Bloomberg, October 15, 2018; Zachary Basu, “The companies that have backed away from Saudi Arabia over Khashoggi,” Axios, October 23, 2018.
 “Disappearance of Jamal Khashoggi: joint statement by the foreign ministers from UK, France, and Germany,” Press Release, October 14, 2018.
 Rick Noack, “Germany halts arms deals with Saudi Arabia, encourages allies to do the same,” The Washington Post, October 22, 2018.
 Quentin Aries and James McAuley, “European Parliament passes resolution urging arms embargo on Saudi Arabia,” The Washington Post, October 25, 2018.
 “Denmark suspends Saudi weapon export approvals over Khashoggi, Yemen concerns,” Reuters, November 22, 2018; Rick Noack, “Finland and Denmark join Germany in halting arms sales to Saudi Arabia,” The Washington Post, November 22, 2018.
 “UK, France and Spain to maintain arms sales to Saudi Arabia,” The Middle East Eye, October 24, 2018.
 “France’s Macron evades questions on halting Saudi arms sales,” France24.com, October 24, 2018.
 Robin Emmott, John Irish, Andrea Shalal, “Calls for Saudi arms embargo pit EU values against interests,” Reuters, October 26, 2018.
 “Public Prosecution: Investigation Results Briefing,” Saudi Press Agency, November 15, 2018; Kevin Sullivan, Loveday Morris, and Tamer El-Gobashy, “Saudi Arabia fires 5 top officials, arrests 18 Saudis, saying Khashoggi was killed in a fight at the consulate,” The Washington Post, October 19, 2018.
 Karen DeYoung and Kareem Faheem, “U.S., Saudi steps in Khashoggi case don’t go far enough, lawmakers say,” The Washington Post, November 15, 2018.
 Steven T. Dennis, “Senators Propose Saudi Sanctions Over Yemen, Khashoggi Murder,” November 16, 2018. For a detailed explanation of this dimension of the affair, see: Adam Garfinkle, “What the Khashoggi Affairs Tells Us about American, Journalism, Politics, and Policymaking in the Age of Trump,” E-Notes, Foreign Policy Research Institute (FPRI), November 28, 2018.
 Shane Miller, Greg Miller, Josh Dawsey, “CIA concludes Saudi crown prince ordered Jamal Khashoggi’s assassination,” The Washington Post, November 16, 2018.
 Morgan Gstalter, “Pence: US will hold those responsible for Khashoggi’s murder accountable,” The Hill, November 17, 2018.
 “Statement from President Donald J. Trump on Standing with Saudi Arabia,” The White House, November 20, 2018.; Mark Landler, “In Extraordinary Statement, Trump Stands With Saudis Despite Khashoggi Killing,” The New York Times, November 20, 2018.
 Daniel Politi and David D. Kirkpatrick, “Argentine Prosecutors Consider Charges Against Saudi Crown Prince Ahead of G-20,” The New York Times, November 26, 2018.
 “Trump Inflates Value of Saudi Arms Deals,” Associated Press, November 21, 2018.
 “Russia, Saudi Arabia ‘Quietly’ Agree to Lift Production,” Radio Free Europe/Radio Liberty, October 4, 2018; John Kemp, “Why Trump is pressing Saudi Arabia to lower oil prices,” Reuters, July 5, 2018.
 Ben Hubbard, “Saudi Arabia Delivers $100 Million Pledged as Pompeo Lands in Riyadh,” The New York Times, October 16, 2018.
 See: Mike Pompeo, “The U.S.-Saudi Partnership Is Vital,” The Wall Street Journal, November 27, 2018.
 Ultimately, Haspel did brief a small group of the Senate’s leadership on December 4, see: Eric Schmitt and Nicholas Fandos, “Saudi Prince ‘Complicit’ in Khashoggi’s Murder, Senators Say after C.I.A. Briefing,” The New York Times, December 4, 2018; Julian Borger, “White House denies Haspel prevented from briefing Senate on Khashoggi murder,” The Guardian, November 27, 2018.
 Alexander Bolton, “Senate to get briefing on Saudi Arabia that could undermine sanctions,” The Hill.com, November 24, 2018.
 Gardiner Harris, Eric Schmitt, Helene Cooper, Nicholas Fandos, “Senators Furious Over Khashoggi Killing, Spurn President on War in Yemen,” The New York Times, November 28, 2018; Eric Schmitt and Nicholas Fandos, Saudi Prince ‘Complicit’ in Khashoggi’s Murder, Senators Say after C.I.A. Briefing,” The New York Times, December 4, 2018;
 Recep Tayyip Erdogan, “Saudi Arabia still has many questions to answer about Jamal Khashoggi’s killing,” The Washington Post, November 2, 2018.
 Adam Goldman and Gardiner Harris, “U.S. Imposes Sanctions on Turkish Officials Over Detained American Pastor,” The New York Times, August 1, 2018; Steve Holland and Roberta Rampton, “US imposes sanctions on Turkish officials over pastor’s detention,” Reuters, August 1, 2018; Frida Ghitis “What Turkey hopes to gain from Khashoggi’s murder,” Politico.com, October 18, 2018.
 Ezgi Erkoyun and Emily Wither, “Freed Pastor Brunson leaves Turkey, due in U.S. on Saturday,” Reuters, October 12, 2018.
 Cansu Camblibel, “Ankara’s psyche: It is payback time with the United States,” Hurriyet Daily News, November 24, 2018.
 Semih Idiz, “Khashoggi murder: Storm clouds gather over Turkish-Saudi ties,” al-Monitor, November 24, 2018.
 David D. Kirkpatrick, “Turkey Calls for International Inquiry in Khashoggi Killing,” November 14, 2018.
 Martin Chulov, “Khashoggi case has put Saudi prince right where Erdoğan wants him,” The Guardian, October 22, 2018.
 Carlotta Gall, “Erdogan Didn’t Get All He Hoped For in Khashoggi Case, but His Stature Rises,” The New York Times, November 21, 2018.
 Mustafa Aykol, “Khashoggi’s Death Is Highlighting the Ottoman-Saudi Islamic Rift,” ForeignPolicy.com, October 17, 2018.
 David Ignatius, “The Khashoggi killing had roots in a cutthroat family feud,” Washington Post, November 27, 2018. Reported by Eurasia Review 6 hours ago.
By Sinad Carew (Reuters) - Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos. The S&P 600 small cap index confirmed it was in a bear market after closing 20.05 percent below its Aug. 31 peak, falling 1.6 percent on the day.
Reported by Firstpost 4 hours ago.
NEW YORK (Reuters) - Wall Street's three major indexes slumped on Friday as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson was a major drag on the S&P 500 and Dow after Reuters reported the company had known knew for decades that asbestos lurked in its Baby Powder. The Dow Jones Industrial Average fell 496.87 points, or 2.02 percent, to 24,100.51, the S&P 500 lost 50.59 points, or 1.91 percent, to 2,599.95 and the Nasdaq Composite dropped 159.67 points, or 2.26 percent, to 6,910.67. (Reporting by Sinad Carew; Editing by Sandra Maler)
Reported by Firstpost 4 hours ago.
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.
Reported by Firstpost 4 hours ago.
America has always been great and generous towards the rest of the world. It unselfishly, helped Europeans, during the WWI a centenary ago. Without its help Germany would not have been defeated and brought to its senses.*American Generosity
Yet, again, without its massive intervention during WWII, with men, armor and funds, Germany would have conquered Europe. American generosity and humanity put forward the Marshall Plan in 1948 (Foreign Assistance Act of 1948) and without it Europe would not be what it is today, a power to reckoned with.When the billionaire businessman Donald Trump went on the presidential elections campaign trail, he invoked the idea of making America great again, but it was already great with its political ideals, its technological advances, and human solidarity. For Trump “making America great” again was only a pretext for his “making America first”, whereby “first” , here, rhymes with “selfish” — and if one is selfish, he can, in no way, be a role model for the rest of the world.A leader by definition is a tolerant, generous, loving and brave individual. Someone who thinks about the others more than he does about himself. This was America, until Trump came to power through the democratic process, of course.*America Inc. Or America Great?
Trump, a successful businessman, wants to turn America into America Inc. A country that makes money left and right and shuns anything that does not bring green bucks. He wants to turn his country into a big company, but what if this company does not make money will it go bust and disappear?
A country is a land, people, languages, culture, feeling, ideals that are not money-making concepts, but a supreme philosophy.*American Melting Pot
He does not want immigration because as the good WASP that he is, he is scared, to death, that the white race loses its supremacy in the near future, but America was always multi-colored and that is what highlights its strength and greatness.At the entrance of the New York harbor there is a proud lady holding a torch of American greatness, welcoming migrants, wayfarers of all colors creeds and idioms, but since Trump arrived to the White House she is wondering what, on earth, is she doing there?When the white Europeans came to America in the 15th century, the Native Americans did not chase them; on the contrary, they gave them food and welcomed them. But, as more whites came in and moved west, they grabbed the territories of the Indians and pushed them into reserves when they did not massacre them or made them addicted to alcohol, on purpose.Trump wants to build a massive wall to keep Mexicans from migrating into America, but the strong American economy needs the cheap Mexican labor and the Mexicans need the little money they make in the US to feed their families back home.*No Free-Riders
Trump in his business drive does not like free-riders. Indeed, right after his election he traveled to the Gulf States and made them pay for American protection billions of dollars. He, also, made a very undiplomatic move, recently, when he said publicly that the Al-Saud household, in power in Saudi Arabia, will not last two weeks without American protection. Did he say that to put pressure on the Saudis to increase their oil output on the eve of the American oil sanctions on Iran, or to show American power?He, also, wants Europeans to pay for the American nuclear umbrella and when, recently, Macron and Merkel spoke of creating a European army he did not like the idea, in the least. So, in many ways Trump seems to want his cake and to eat, too, as the saying goes.*Destroying America’s greatness
Is Trump’s erratic diplomacy destroying the greatness of America just to make a buck?This question seems to have been answered by a big YES during the midterm elections. Indeed, the American people gave the House of Representatives to the Democrats to counterbalance the massive power of Trump.This result leads the American public, at large, to two possible options:*Option 1: *This is a prelude to booting out Trump out of office in the next presidential elections in 2020.*Option 2:* This is a stern message to Trump to review and change his politics and course, to stay in power.*Will America remain always great?
What will be the results of the next presidential elections? “America is first” does not, in anyway, come first before “America is great”, for the following reasons:· America is the leader of the free world;
· America is the beacon of democracy and human rights;
· America is the country of democratic institutions; and
· America is the country of checks and balances.
America is a country where anyone can come to power by democratic means, but will, also, be reminded by democratic means that he has gone too far.
You can follow Professor Mohamed CHTATOU on Twitter: @Ayurinu Reported by Eurasia Review 6 hours ago.
Ahmad Sawadi works with other Syrian exiles to track the whereabouts of defeated Islamic State leaders seeking an escape to Turkey and Europe.
Reported by Wall Street Journal 4 hours ago.
Economists say many issues currently plaguing Europe are rooted in policies that pushed citizens to the financial brink.
Reported by Al Jazeera 4 hours ago.
Ibrox skipper James Tavernier insists the Light Blues can be proud of their efforts on the continent but must improve domestically.
Reported by Daily Record 4 hours ago.
Champions Juventus tackle city rivals Torino with pride at stake as Italy's top teams return to the home comforts of Serie A this weekend licking their wounds after a bruising week in Europe.
Reported by Firstpost 4 hours ago.
Europe Editor Tony Connelly writes that after one of the most dramatic weeks yet, we are none the wiser about the Brexit endgame.
Reported by RTE.ie 3 hours ago.
Canberra say their investors are a major international sporting consortium that owns household-name clubs throughout Europe and the US.
Reported by Brisbane Times 2 hours ago.
CAMBRIDGE, Mass. and BEIJING, China, Dec. 15, 2018 (GLOBE NEWSWIRE) -- BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biopharmaceutical company focused on developing and commercializing innovative molecularly-targeted and immuno-oncology drugs for the treatment of cancer, announced that updated clinical data from an ongoing Phase 1A/1B trial of tislelizumab, an investigational anti-PD-1 antibody, were presented in an oral session and a poster at the European Society for Medical Oncology Immuno-Oncology (ESMO-IO) Congress, being held December 13-16 in Geneva, Switzerland.“We continue to be pleased with the results of tislelizumab in solid tumors,” commented Amy Peterson, M.D., Chief Medical Officer, Immuno-Oncology, at BeiGene. “We believe that these updated results provide support for the continued development of tislelizumab in patients with bladder, esophageal, stomach, liver and non-small cell lung cancers, and we have registration-enabling studies ongoing or planned to start soon in each of these indications.”
*Summary of ESMO-IO Presentations from the Ongoing Phase 1A/1B Trial*
The multi-center, open-label Phase 1A/1B trial (NCT02407990) of tislelizumab as monotherapy in advanced solid tumors is being conducted in Australia, New Zealand, the United States, Taiwan and South Korea and consists of dose-escalation and dose-expansion phases in disease-specific cohorts.
*Updated Results in Patients with Urothelial Carcinoma (UC) *
Data presented at ESMO-IO included updated results from an analysis of tislelizumab in 17 patients with UC. At the time of the data cutoff on August 31, 2018, median treatment duration was 4.1 months (0.7-30.4 months), with two patients still on treatment.
Treatment-related adverse events (TRAEs) as assessed by the investigator occurred in 15 patients (88.2%). Of those, fatigue (n=5), infusion-related reactions (n=3), rash (n=3), nausea (n=2), pain in extremity (n=2), peripheral adema (n=2), and proteinuria (n=2) occurred in two or more patients. Three treatment-related Grade 3 or 4 AEs occurred in two patients, fatigue (n=1), and hyperglycemia and latent autoimmune diabetes (n=1). One patient discontinued treatment due to recurrent infusion-related reactions considered related to tislelizumab.
At the time of the data cutoff, all 17 patients were evaluable for response, defined as having a baseline tumor assessment with at least one post-baseline tumor response assessment, or progression or death. The confirmed response rate was 29.4 percent, with one complete response (CR) and four partial responses (PR). Three additional patients achieved stable disease (SD) as their best response. There was one CR, one PR and one SD among the eight patients with PD-L1 high tumors and two PRs and two SDs among the eight patients with PD-L1 low or negative tumors (one tumor was not-evaluable for PD-L1 expression). The median duration of response was 18.7 months (6.2-18.7 months).
*Updated Results in Patients with Esophogeal, Gastric, Hepatocellular and Non-Small Cell Lung Cancers*
In an oral presentation at ESMO-IO, data on patients with esophageal (EC, n=54), gastric (GC, n=54), hepatocellular (HC, n=50) and non-small cell lung cancers (NSCLC, n=49) were reported.
TRAEs occurring in at least five percent of patients across all cohorts included fatigue (8.7%), pruritis (7.7%), hypothyroidism (7.2%), decreased appetite (6.8%), rash (6.8%) and nausea (6.3%). Ten patients experienced one or more serious adverse events considered related to tislelizumab, including pneumonitis (n=3) and one case each of acute hepatitis, dermatitis, diarrhea, increased ALT, increased AST, infusion-related reaction, pyrexia and vomiting. Grade 3 or 4 TRAEs occurring in more than one patient included increased AST (n=4), increased ALT (n=3) and pneumonitis (n=2). There were two fatal TRAEs reported, including acute hepatitis in a patient with HCC confounded by rapidly progressive disease, and pneumonitis in a patient with NSCLC with compromised pulmonary capacity at baseline.
Confirmed response rates and disease control rates in patients with EC were 11.1 percent and 37.0 percent, respectively; 13.0 percent and 29.6 percent in patients with GC, respectively; 12.2 percent and 51.0 percent in patients with HCC, respectively, and 13.0 percent and 63.0 percent in patients with NSCLC, respectively. For patients with EC and NSCLC, the median duration of response (mDOR) had not been reached. The mDOR in patients with GC was 8.5 months and for patients with HCC it was 15.7 months.
Tislelizumab (BGB-A317) is an investigational humanized IgG4 anti-PD-1 monoclonal antibody specifically designed to minimize binding to FcγR on macrophages. In pre-clinical studies, binding to FcγR on macrophages has been shown to compromise the anti-tumor activity of PD-1 antibodies through activation of antibody-dependent macrophage-mediated killing of T effector cells.
Discovered by BeiGene scientists, tislelizumab is being developed as a monotherapy and in combination with other therapies for the treatment of a broad array of both solid tumor and hematologic cancers. The new drug application (NDA) for tislelizumab in China for patients with relapsed/refractory (R/R) classical Hodgkin's lymphoma (cHL) has been accepted by the China National Medical Products Administration (NMPA, formerly known as CFDA) and granted priority review status. BeiGene and Celgene Corporation have a global strategic collaboration for the development of tislelizumab in solid tumors in the United States, Europe, Japan and the rest of world outside Asia.
BeiGene is a global, commercial-stage, research-based biotechnology company focused on molecularly-targeted and immuno-oncology cancer therapeutics. With a team of over 1,700 employees in China, the United States, Australia and Switzerland, BeiGene is advancing a pipeline consisting of novel oral small molecules and monoclonal antibodies for cancer. BeiGene is also working to create combination solutions aimed to have both a meaningful and lasting impact on cancer patients. BeiGene markets ABRAXANE^® (nanoparticle albumin–bound paclitaxel), REVLIMID^® (lenalidomide), and VIDAZA^® (azacitidine) in China under a license from Celgene Corporation.^i
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the encouraging clinical data from clinical trials of tislelizumab and BeiGene’s advancement of, and anticipated clinical development, regulatory milestones and commercialization of tislelizumab. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene's ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeiGene's ability to achieve commercial success for its marketed products and drug candidates, if approved; BeiGene's ability to obtain and maintain protection of intellectual property for its technology and drugs; BeiGene's reliance on third parties to conduct drug development, manufacturing and other services; BeiGene’s limited operating history and BeiGene's ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates, as well as those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent quarterly report on Form 10-Q, as well as discussions of potential risks, uncertainties, and other important factors in BeiGene's subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.
*Investor Contact* *Media Contact*
Craig West Liza Heapes
+1 857-302-5189 + 1 857-302-5663
^i ABRAXANE^®, REVLIMID^®, and VIDAZA^® are registered trademarks of Celgene Corporation. Reported by GlobeNewswire 3 hours ago.
Coherix, Inc. Forms Strategic Partnership with VistaLink NV to bring advanced 3D inspection to the automotive market in the Benelux region, Scandinavia and UK.
ANN ARBOR, Mich. (PRWEB) December 15, 2018
Both companies have extensive project knowledge and expertise with high-definition 3D quality control systems within the Automotive industry and are convinced that the combined competencies deliver a unique value to our customers.
VistaLink NV is a Belgian-based specialized machine vision system integrator. Utilizing the latest 3D developments in machine vision technology, VistaLink delivers custom solutions to end customers, machine builders and OEM’s in the Automotive and Pharmaceutical industries. VistaLink provides high quality inspection, track and trace and vision guided robotic solutions ensuring the customers production targets are met. With strategic locations across Europe providing both local and international support to our clients.
Coherix, Inc. develops and manufactures high-speed, high-definition 3D machine vision products that enable customers to manage precision manufacturing processes. Coherix products are designed for inspection and error-proofing in the automotive, semiconductor, and electronics industries. Coherix customers and partners include end users and system integrators, who demand the highest performing 3D products, 100 % reliability with the lowest Total Cost of Ownership.
Headquartered in Ann Arbor, Michigan, the company has offices in the United States, China, Germany, Singapore, and Japan.
“This partnership will enable us to make a major step forward in our complete vision offering to the Automotive plants and Tier 1 suppliers,” said Stéphane Van hoof, CEO of VistaLink.
“Our partnership with VistaLink establishes a center of excellence for delivering 3D inspection solutions and means our customers will receive the highest level of local project execution and support,” said Dave Kelly, VP and General Manager of Coherix Europe.
For more details on what this partnership can bring you as a customer, you can contact Dave Kelly at Coherix at coherixinfo(at)coherix.com . Reported by PRWeb 2 hours ago.