World
U.S. pharma tariffs spare India’s generic drugmakers — but leave investors jittery
MUMBAI, INDIA – MARCH 3: A technician works at a Cipla laboratory March 3, 2002 in Vikhrohi, Mumbai, India. Jean-marc Giboux | 3rd Party – Misc | Getty Images Stocks of leading Indian drugmakers fell on Friday, even though the 100% U.S. tariffs on branded and patented drug imports are unlikely to affect these companies. […]
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Core inflation rate held at 2.9% in August, as expected, Fed’s gauge shows
Core inflation was little changed in August, according to the Federal Reserve’s primary forecasting tool, likely keeping the central bank on pace for interest rate reductions ahead. The personal consumption expenditures price index posted a 0.3% gain for the month, putting the annual headline inflation rate at 2.7%, the Commerce Department reported Friday. Excluding food […]
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Accenture plans on ‘exiting’ staff who can’t be reskilled on AI amid restructuring strategy
A logo sits illuminated at the Accenture booth in Mobile World Congress 2025 on March 03, 2025 in Barcelona, Spain. Xavi Torrent | Getty Images News | Getty Images Tech consultancy Accenture has laid out plans to lay off staff that aren’t able to reskill on artificial intelligence amid a broader restructuring strategy which will […]
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Why Trump’s 100% drug tariffs could hit Asia and Europe very differently
Global pharmaceutical stocks sold off on Friday, as markets reacted to news of 100% tariffs on branded and patented drugs imported into the United States, but significant moves lower haven’t been across the board. While Asia Pacific-listed shares in the sector saw notable falls — with some stocks tumbling more than 5% — the reaction […]
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China’s Xiaomi is planning a next-gen phone chip, but won’t release one yearly like Apple
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May. Vcg | Visual China Group | Getty Images Chinese […]
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European pharma stocks fall after Trump slaps 100% tariffs on medicine imports
Stocks listed in Europe were broadly higher on Friday, as investors assessed the latest trade policy announcements out of the White House. The pan-European Stoxx 600 index was up by 0.2% by around 10:00 a.m. London time (5 a.m. ET), with most sectors in positive territory. The Stoxx Europe 600 Healthcare index saw rocky trade […]
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How Canadian apparel brand Arc’teryx’s bold campaign spiraled into a PR cautionary tale
SHANGHAI, CHINA – MARCH 27, 2025 – Pedestrians walk past a ARC’TERYX flagship store in Shanghai, China on March 27, 2025. Cfoto | Future Publishing | Getty Images Canadian outdoor apparel brand Arc’teryx’s bold fireworks campaign at the foothills of the Himalayas last Friday was meant to promote its commitment to nature. Within days, it […]
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Fintech Checkout.com’s valuation falls to $12 billion
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022. Horacio Villalobos | Getty Images LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out. The London-headquartered payments platform said Friday that it plans to […]
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Barclays CEO double downs on U.K. despite bank tax risk
Barclays chief C.S. Venkatakrishnan doubled down on doing business in the United Kingdom even as the British bank faces the growing threat of higher taxes in the country. The executive’s optimism comes as analysts and investors widely expect the U.K. government to target the U.K. banking sector for tax increases in the upcoming Autumn Budget […]
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Fever to fatigue? Pop Mart is actually happy that Labubu resale prices are dropping
This summer, the monster toy Labubu charmed the world with its cute and chaotic energy, commanding resale markups that would make day traders or Rolex flippers blush. One secret blind box edition was selling for over 2,000% above retail prices, according to Nomura. Last month, robbers in California staged a $30,000 heist. Now, there are […]
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