Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
At a recent BRICS summit in Kazan, Russia, President Vladimir Putin gathered leaders from China, India, and other developing economies to address financial cooperation and the potential expansion of the BRICS group. The agenda included discussions about alternatives to Western payment systems, the establishment of a BRICS investment platform, and the need for solidarity among Global South countries. Key points included Russia's aim to move away from the dollar due to sanctions and China's call for a unified approach to global security and the Ukraine conflict.
Source: YAHOO
Reported about 1 month ago
A recent survey by KFF reveals that the majority of US Medicaid programs do not cover popular weight-loss drugs from Novo Nordisk and Eli Lilly, mainly due to cost concerns. Only 12 out of 50 states include these medications for obesity treatment, and while some states are considering changes, hefty monthly costs, starting around $1,000, hinder broader access. The survey highlights increasing Medicaid expenses alongside declining enrollment, as many states prepare to tighten budgets amid rising healthcare costs.
Source: YAHOO
Reported about 1 month ago
Boeing factory workers have rejected the company's latest contract proposal, continuing their six-week strike that has interrupted production of key jetliners. The workers' vote revealed that 64% opposed the contract, primarily due to issues over wage increases and the restoration of a traditional pension plan. This strike coincides with Boeing reporting over $6 billion in losses for the third quarter, marking significant challenges for the company already grappling with safety concerns and investigations.
Source: YAHOO
Reported about 1 month ago
The carbon removal industry is advocating for U.S. government regulation to enhance transparency and accountability in a sector that has seen significant federal funding and private investment. A report by the Carbon Removal Alliance recommends implementing standards for monitoring, reporting, and verification to mitigate competition issues and establish trust in carbon capture technologies. While some experts acknowledge the potential of direct air capture, there are concerns about its cost and effectiveness in addressing climate change, with opinions divided on whether such technologies can be integrated responsibly into broader climate strategies.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Donald Trump has made his return to the Bloomberg Billionaires Index, ranking 481st with a net worth of $6.5 billion, marking the first time since August 6. His wealth has been boosted by the soaring value of his media startup, Truth Social, and increasing odds in political betting markets regarding his potential return as U.S. president.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Goldman Sachs has shifted its stance on Indian stocks from overweight to neutral due to slowing economic growth, which contrasts with UBS's recommendation to 'buy the dip' as they believe the current economic slowdown is temporary. This divergence reflects uncertainty regarding the sustainability of earnings in India's stock market as consumer spending weakens and valuations remain high. While some analysts see the market's upward trend decelerating, others remain optimistic about India's growth potential amidst these challenges.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Iberdrola, Europe's largest utility, reported a 50% increase in profit for the year, driven by its strategic investment in power grids and offshore wind projects in the U.S. and U.K. The company's profits reached €5.5 billion, surpassing the 2025 target a year early, prompting an optimistic outlook for future growth. Iberdrola plans to continue expanding its renewable energy and grid operations, while pursuing opportunities in emerging sectors like data centers, thus reinforcing its position in the market.
Source: YAHOO
Reported about 1 month ago
Reckitt Benckiser Group reported a smaller decline in third-quarter sales than expected, thanks to an increase in consumer purchases of health products like Nurofen and Strepsils. Shares rose over 3% in response to improving sales volumes after a challenging year marked by an internal investigation and litigation issues in its nutrition business. Despite a 0.5% drop in like-for-like net sales, the company's performance was better than forecasts, and it continues to focus on healthcare and hygiene while considering future strategies.
Source: YAHOO
Reported about 1 month ago
Source: YAHOO
Reported about 1 month ago
Japanese electric motor manufacturer Nidec has announced a 10% rise in its second-quarter operating profit, reaching 60.7 billion yen, attributed to cost-cutting measures and a surge in demand for cooling systems for AI data centers. The company maintains its full-year profit forecast of 240 billion yen, sparked by optimism in the water-cooling module market and growth prospects in the electric vehicle sector, despite facing competitive pressures in China.
Source: YAHOO
Reported about 1 month ago
India's Supreme Court has overturned a ruling by a bankruptcy tribunal that permitted Byju’s to settle debts with a significant creditor, thereby reinforcing the company's entry into insolvency. The decision allows other creditors to file claims against Byju’s and appoint a resolution professional to oversee the insolvency process. This marks a significant setback for Byju’s founder, Byju Raveendran, as the company grapples with financial difficulties after a rapid rise to a $22 billion valuation.
Source: YAHOO
Reported about 1 month ago
The Hong Kong government has prohibited civil servants from using popular applications such as WhatsApp, WeChat, and Google Drive on work computers due to security concerns. This decision, driven by rising data breach incidents and hacking threats, has faced discontent among staff who often rely on cloud services for file exchanges. While personal devices can still access these applications, specific exceptions can be granted with managerial approval.
Source: YAHOO
Reported about 1 month ago
British advertising group WPP achieved a surprising 0.5% rise in organic revenue in the third quarter, driven by new business from major clients like Amazon, Unilever, and Henkel. This growth came after a 1% drop in the first half of the year and exceeded market expectations, resulting in a significant increase in WPP's stock price. Despite challenges in China and a mixed outlook for U.S. consumers, the company's Chief Executive Mark Read noted improved demand from their top clients.
Source: YAHOO