In China, Ozempic is a huge company. The diabetic medication was sold in the nation twice as much by the Danish pharmaceutical behemoth Novo Nordisk last year, for a total of about $700 million, or 5% of Ozempic’s worldwide sales…. Read More ›
Strategy
Although US Created 272,000 More Jobs In May Than Anticipated, The Unemployment Rate Increased To 4%
The United States economy created considerably more jobs in May than anticipated, allaying concerns about a downturn in the labour market and possibly lessening the Federal Reserve’s incentive to cut interest rates. The Labour Department’s Bureau of Labour Statistics announced… Read More ›
Banks Claim Using AI More And More In Big Tech Poses New Concerns
According to European banking executives, the rise in artificial intelligence will make banks more reliant on large US tech companies, posing new threats to the sector. Since the release of OpenAI’s popular chatbot ChatGPT in late 2022, banks have been… Read More ›
According To A Global Poll, Staff Members Were Cautioned Against Using Whistleblower Hotlines
According to a global EY survey, more than half of whistleblowers have experienced pressure not to utilise internal hotlines to report suspicious activity at major international corporations and government agencies. Since a previous poll in 2022, the number of firms… Read More ›
Platforms For “Re-Staking” Cryptocurrency Are Growing As Traders Seek Greater Profits
More than $18 billion worth of cryptocurrency has been transferred to a new kind of platform that pays investors for locking up their tokens. Analysts worry that this intricate plan puts consumers and the cryptocurrency market at danger. As cryptocurrency… Read More ›
Notwithstanding Tokyo’s $62 Billion Intervention, The Yen Continues To Weaken
Over the course of the last month, Japanese officials intervened in the foreign exchange market to strengthen the yen, spending 9.79 trillion yen ($62.23 billion). While these actions prevented the currency from falling further, they are unlikely to stop longer-term… Read More ›
EU Maintains The January 2025 Start Date For The Last Set Of Basel Bank Capital Regulations
Building on the protections put in place after taxpayers were forced to bail out bankers during the global financial crisis more than ten years ago, the European Union said on Thursday that it has granted final clearance to implement the… Read More ›
China Is Preparing For An Agreement With Europe Amid Impending EV Tariffs
Chinese businessmen are hoping that a round of discussions would lessen the shock to the largest electric car sector in the world following the European Commission’s anticipated action to boost tariffs on Chinese automobiles. For Chinese electric vehicle manufacturers, the preliminary… Read More ›
ECB Rate Drop In June Is Almost Done, And Most People Also Predict Cuts In September And December: Reuters Survey
All 82 economists surveyed by Reuters seem to be in agreement that the European Central Bank would lower interest rates on June 6. Most of them also projected two more rate cuts in September and December. However, financial markets are… Read More ›
Easing Of Bets On Rate Cuts And Profit Taking Results In Drop In Gold Prices
Tuesday’s decline in gold prices was caused by investors taking gains following a recent surge and pressure from the less likely possibility of rate reduction by the Federal Reserve. The market was also waiting for important U.S. inflation data that… Read More ›
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