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Venezuela hand US 5-3 defeat

Venezuela avenged a loss to the United States with a gritty 5-3 win, taking top spot in Pool C and grabbing the momentum going into the second round.

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TORONTO // Venezuela avenged a loss to the United States with a gritty 5-3 win on Wednesday, taking top spot in Pool C and grabbing the momentum going into the second round. Venezuela were thrashed 15-6 on Sunday but turned the tables on Wednesday by pounding US pitchers for 12 hits, handing the Americans their first loss of the 16-nation tournament.

Venezuela and the US, who clinched berths in the next stage before the game, head to Miami for the second round where they will be joined by Puerto Rico and the Netherlands. The other pool that begins play on Sunday in San Diego is being viewed as a "group of death" with Olympic gold medallists South Korea, WBC champions Japan, and Cuba, the winners of three gold and two silver medals from the last five Olympics.

Australia face Mexico next Wednesday to determine who will advance and complete the second-round line up. The US, intent on restoring some pride after exiting the tournament in the second round in 2006, have failed to impress in the opening round despite being loaded with Major League talent. The US batters mustered just seven hits against some determined Venezuelan pitching and fell behind 1-0 in the third inning on Henry Blanco's leadoff homer.

The US tied the score in the bottom of the fourth but the South Americans reclaimed the lead in the top of the fifth on Gregor Blanco's RBI triple. Venezuela went 4-1 up in the sixth. Chris Iannetta pulled the US within striking distance in the eighth but it failed to spark a rally. * Reuters

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Director: Jesse Armstrong

Rating: 3.5/5

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While you're here
Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara

US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

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Sole survivors
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  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
COMPANY PROFILE
Name: Akeed

Based: Muscat

Launch year: 2018

Number of employees: 40

Sector: Online food delivery

Funding: Raised $3.2m since inception 

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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

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