World
Australia’s second-quarter inflation drops to lowest since March 2021, supporting case for rate cut
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s headline inflation rate in the second quarter of the year slipped to its lowest point since March 2021, coming in […]
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Powerful quake in Russia’s Far East causes tsunami, Japan and Hawaii order evacuations
A file photo showing an aerial view of South Kuril Islands and coastline in Kamchatka region, Russia. Anadolu | Anadolu | Getty Images A magnitude 8.7 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday, generating a tsunami of up to 4 meters (13 feet), prompting evacuations and damaging buildings, officials said. “Today’s earthquake was serious and the […]
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Singapore warns of slowdown in second half of the year as it keeps monetary policy steady
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore’s central bank warned that the city-state’s economy is “projected to moderate in the second half of 2025 from its strong pace in [the first half],” as it […]
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Asia markets set to fall as U.S. trade talks with China hang in the balance
Opening calls Happy mid-week from Singapore. Asia markets are poised for a lower open. Futures for Hong Kong’s Hang Seng Index stood at 25,344, pointing to a weaker open compared with the HSI’s last close of 25,524.45 Similarly, Australia’s S&P/ASX 200 was set to start the day lower with futures tied to the benchmark at 8,662, compared with its […]
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Google execs say employees have to ‘be more AI-savvy’ as competition ramps up
Alphabet CEO Sundar Pichai during the Google I/O developers conference in Mountain View, California, on May 10, 2023. David Paul Morris | Bloomberg | Getty Images Google executives are pushing employees to act with more urgency in their use of artificial intelligence as the company looks for ways to cut costs. That was the message […]
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AstraZeneca CEO doubles down on U.S. amid rumors of listing shift
A view of the AstraZeneca office in Mölndal, Sweden, on September 12, 2024. Nurphoto | Getty Images AstraZeneca CEO Pascal Soriot on Tuesday reiterated the pharmaceutical firm’s commitment to the U.S. market amid reports that he is considering shifting its listing stateside. Soriot said the U.K.-listed company had many reasons to be in the U.S., […]
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Stellantis reinstates guidance but flags ‘tough decisions’ after $1.7 billion tariff impact
A new Jeep Wrangler 4-Door Sahara 4×4 vehicle displayed for sale at a Stellantis NV dealership in Miami, Florida, US, on Saturday, April 5, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images Auto giant Stellantis on Tuesday reinstated its financial guidance and touted a gradual recovery over the coming months. Stellantis, which owns household […]
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PayPal beats on earnings, raises full-year outlook as Venmo growth accelerates
PayPal reported better-than-expected results for the second quarter and raised its full-year guidance for transaction margin dollars and earnings per share. The stock slipped more than 4% following the report. Here’s how the company did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.40 adjusted vs. $1.30 expected […]
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Novo Nordisk shares plunge 17% after Wegovy-maker cuts full-year guidance
Medical bottles and a syringe are seen with the Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Danish pharmaceutical giant Novo Nordisk on Tuesday cut its full-year sales and profit guidance, citing weaker growth expectations for its Wegovy obesity drug in the key U.S. market. Shares were […]
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Pharma giants push for tariff clarity as ambiguity threatens EU-U.S. deal
Shelf of pharmaceutical products. D3sign | Moment | Getty Images Pharma firms are calling for clarity on tariffs imposed under the new U.S.-EU trade agreement, as analysts warn that punitive sector-specific levies could risk blowing up the entire deal. Ambiguity abounds around the terms for pharmaceutical goods under the trade truce agreed Sunday, which imposes […]
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