Arab News goes pink to boost awareness of breast cancer screening

Arab News will this month place a pink ribbon on its masthead to mark Breast Cancer Awareness Month, to help spread awareness of the importance of screening for this devastating disease. (AN)
Updated 01 October 2018
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Arab News goes pink to boost awareness of breast cancer screening

  • October marks the 26th anniversary of the pink ribbon, a powerful symbol for millions of people affected by breast cancer
  • Throughout the month, the Arab News website — www.arabnews.com — and printed newspaper will feature a series of special reports

RIYADH: Arab News will this month place a pink ribbon on its masthead to mark Breast Cancer Awareness Month, to help spread awareness of the importance of screening for this devastating disease.

October marks the 26th anniversary of the pink ribbon, a powerful symbol for millions of people affected by breast cancer.

Throughout the month, the Arab News website — www.arabnews.com — and printed newspaper will feature a series of special reports focused on raising awareness of breast cancer and combating the disease in the Middle East and globally.

Breast cancer has already killed an estimated 627,000 women worldwide this year — but women in Saudi Arabia and throughout the Middle East remain reluctant to take the screening test that could save their lives.

Of the women targeted during screening awareness programs across the Middle East, only 10 percent actually attended an appointment for a routine breast exam.

A 2017 study found a “substantial rise in the incidence of breast cancer in Saudi Arabia in recent years, particularly among younger females compared to affected females in Western countries.”

According to the report’s lead author at the College of Medicine at the University of Hail, more awareness and education is needed across the Kingdom to address critical “gaps in knowledge.”

Breast Cancer Awareness Month begins today, with its “go pink” campaign to draw attention to the disease, its detection and treatment.

Arab News’ team of journalists will be doing all they can to promote this increasingly vital cause.

Read more here.

 


Netflix unveils $2 billion debt issue to fund new content

Updated 22 October 2018
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Netflix unveils $2 billion debt issue to fund new content

LONDON: Netflix announced its third tap of debt markets in a year on Monday, aiming to raise about $2 billion as the streaming video pioneer invests heavily in original shows and acquiring content to fend off intensifying competition.
Netflix bond prices were little moved immediately after the announcement, but can be expected to fall, as the additional debt adds to the company’s credit risk. Shares in the company dipped 1 percent in early trading.
Netflix said in April it planned to raise $1.5 billion in debt, after raising $1.6 billion in October last year, bringing the total to about $5 billion.
The company has consistently said that it expects to fund content acquisition through the high-yield bond market and is expected to spend around $9 billion on content this year, based on blockbuster third-quarter results announced last week.
The new debt will be in the form of senior notes denominated in US dollars and euros — a type of debt the company needs to repay if it goes bankrupt.
Bearish bets against Netflix’s existing $8.4 billion of junk-rated bonds have more than tripled this year to an all-time high of $347 million, Reuters reported last week.
“The short balance in the actual bonds reflects a view that (the bonds) will decline in value if or when they issue more debt,” said Samuel Pierson, analyst at IHS Markit.
Netflix’s total debt stood at $11.83 billion as of Sept.30.
Netflix said on Monday it intends to use the net proceeds from this offering for general corporate purposes, which may include content acquisitions, production and development, potential acquisitions and strategic transactions.