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Merck's CEO Optimistic About Cancer Vaccine Production Timeline
Merck's cancer vaccine, developed in partnership with Moderna, is showing promise in early trials but its production timeline needs to be shortened.
US inflation figures surpass expectations at 3.7% over past year
The new data indicates that higher gasoline costs are driving up prices due to disruptions in energy supplies caused by the ongoing Middle East conflict.
IMF Warns of Global Financial Vulnerabilities at Annual Meeting in Thailand
The International Monetary Fund is sounding warning notes about the debts of major economies worldwide, highlighting growing concerns over financial vulnerabilities.
Cyber-attacks pose significant threat to global financial system
The Bank of England and International Monetary Fund have expressed concerns about the growing threat of cyber-attacks to the global financial system.
Airport Attacks Leave Dozens Dead and Hundreds Injured in Riyadh
A projectile struck terminal areas at King Khalid International Airport in Riyadh, leaving at least 13 people dead and more than 300 injured.
UnitedHealth Group Beats Earnings Expectations with Strong Financial Performance
The company's profits far exceeded analyst forecasts, driven by increased revenue and adjusted earnings per share.
Semiconductor stocks plummet amid concerns over industry's future prospects
A decline in semiconductor stocks was triggered by comments from Tom Krause and Hock Tan at various conferences and announcements from CXMT about its new Dram architecture.
Global Economy at Risk from Low Oil Stocks and Government Debt
The International Monetary Fund has issued a warning that the global economy is at risk of pushing its resilience to the limit due to low oil stocks and overstretched government budgets.
Stellantis and Renault Support UK Bid to Limit Chinese Car Imports
UK officials are considering limiting imports of Chinese cars as part of a broader effort to shield domestic manufacturers, according to sources close to the discussions.
McDonald's Faces Competition in Chicken and Beverages Markets
A recent analysis suggests that restaurant chains specializing in chicken and drinks are winning over customers who previously dined at McDonald's.
US Economists Awarded Nobel Prize for Macroeconomic Policy Models
Two US economists have been awarded the Nobel economics prize for their groundbreaking work on developing models that help central bankers and finance ministers stabilise their economies.
Roman Abramovich's wealth allegedly hidden from tax authorities through falsified documents
A joint investigation by BBC Panorama and the Bureau of Investigative Journalism has uncovered evidence of alleged tax evasion involving Deloitte and Roman Abramovich.
US President Donald Trump faces backlash over plans to import Russian diesel
Critics argue that the move violates US laws and puts American interests at risk due to ongoing conflicts between Russia and Ukraine.
Rising Inflation Threatens Chancellor Healey's Budget Plans
A prominent think tank has warned that rising inflation could significantly cut into the government's intended spending on public services, forcing difficult decisions between cuts, tax hikes, or a combination of both.
Citroen Revives Iconic 2CV Brand with Electric Vehicle
Citroen is reviving its iconic 2CV brand to boost sales of electric cars, leveraging its heritage as a selling point for modern vehicles.
Bond Market Turmoil Hits Developing Countries Economies Worldwide
Global policymakers are grappling with the aftermath of bond market turmoil that has left its mark on economies worldwide.
UNDP Warns of Poverty Spike Amid Energy Price Surge, El Niño, and Rising Borrowing Costs
Developing countries are facing a severe triple threat: soaring energy costs, the devastating effects of El Niño, and rising borrowing costs.
Retailers Reduce Number of Products Sold to Boost Profitability
Several major retailers have announced plans or completed efforts to reduce their stock keeping units (SKUs) in an effort to improve financial health.
Trump Seeks Removal of Federal Reserve Governor Lisa Cook
The White House has launched an investigation into alleged mortgage fraud by Federal Reserve Governor Lisa Cook.
Former Deutsche Bank trader Christian Bittar has conviction overturned by UK court
Christian Bittar's sentence was quashed after a lengthy legal battle, marking another significant development in the Libor scandal.
Delta Air Lines Lowers Profit Forecast Due to High Fuel Prices
Delta has revised its profit forecast downward due to persistently high fuel prices, reducing its full-year earnings per share outlook.
UK Sales of Shein Exceed Asos
Shein, a Chinese-founded online fast-fashion retailer, has surpassed its British rival Asos in UK sales, achieving a significant increase in revenue last year.
OpenAI Downgrades Revenue Forecast to $50 Billion
OpenAI has significantly reduced its projected revenue for this year, sparking concerns about the rapid growth of demand for artificial intelligence.
Gasoline and diesel prices surge in the United States since February's US-Israel conflict with Iran began
The sharp increase has had far-reaching consequences for various sectors, including transport businesses and farmers who rely on fuel to operate.
Meta Unveils Cutting-Edge Technology at Annual Product Event
Meta CEO Mark Zuckerberg showcased innovative products including agentic chatbots and smart glasses, but notably left out Instagram and Facebook from his presentation.
Starbucks to Acquire Chipotle Mexican Grill
The potential acquisition of Chipotle by Starbucks has sparked mixed reactions from investors, with Chipotle's stock price surging and Starbucks' shares dropping.
Paramount and Warner Bros. Discovery Complete Merger
The merged entity encompasses a broad range of media assets, including film studios Paramount and Warner Bros., as well as the CBS broadcast network.
PepsiCo Reports Better-Than-Expected Quarterly Earnings and Revenue Despite North American Challenges
PepsiCo has reported better-than-expected quarterly earnings and revenue driven by strong international growth, but its North American business continues to underperform.
Oil prices surge 5% to $105.3 a barrel due to Middle East tensions and hurricane threat
Global bond markets are experiencing widespread selling as investors fear higher energy costs could fuel inflation.
French Finance Minister Extends Olive Branch to UK on EU Membership
France's Roland Lescure has invited the UK to reconsider its decision to leave the European Union, saying that being part of the EU comes with its challenges but also offers benefits.
Constellation Brands Reports Better-Than-Expected Earnings and Revenue in Fiscal Second Quarter
The company's beer revenue rose 5% to $2.47 billion during the period, driven by market share gains.
Wittington Investments Acquires Boots Pharmacy Chain for $8.9 Billion
The Weston family's Wittington Investments has purchased Boots pharmacy and beauty chain for $8.9 billion, taking control of its UK and Irish operations.
Convictions of five former Barclays traders overturned by Court of Appeal
The Court of Appeal has quashed the convictions of five former Barclays traders found guilty of manipulating interest rates used for loans between banks.
Global debt levels reach highest level since World War II
The International Monetary Fund is warning that global debt-to-GDP ratios are at their highest level since World War II and will continue to rise.
Jaguar Unveils All-Electric Type 01 Grand Tourer with Impressive Specs and Price Tag
Jaguar's new all-electric model, the Type 01 Grand Tourer, boasts electric motors producing 1000 horsepower, accelerating from 0-62mph in 3.2 seconds.
Ikea Expands Buy-Back Service Online
The Swedish retailer is launching an online version of its buy-back service for secondhand furniture this year.
UK Government Faces Pressure Over New Oil and Gas Fields Approval
The UK government is considering approval for extracting oil and gas from the Rosebank and Jackdaw sites, with Equinor warning it may reconsider investing if proposals are rejected.
Unauthorized Access Compromises Asos Customer Data
Asos has issued a warning that customer data may have been compromised following unauthorized access to its app systems.
Paramount Skydance Takes Over Warner Bros Discovery in $110 Billion Merger
The massive merger brings together two of Los Angeles' biggest studios, raising concerns about potential job losses and reduced competition.
Paramount's Acquisition of Warner Bros. Discovery Set to be Finalized
The acquisition process has spanned over a year after David Ellison initiated the takeover bid.
UK regulator launches investigation into handling of Jeffrey Epstein whistleblower
The Financial Conduct Authority (FCA) is investigating how it handled a whistleblower who raised concerns about ties between US commerce secretary Howard Lutnick and late sex offender Jeffrey Epstein.
AstraZeneca Invests $2 Billion in Summit Therapeutics' Cancer Treatment
AstraZeneca has invested $2 billion in Summit Therapeutics, a deal that gives it a 12% stake in the company and focuses on testing combinations of ivonescimab with other treatments.
General Motors Plans US Hybrid Vehicle Introduction
The automaker is shifting its focus from electric vehicles to hybrids in response to high gas prices and changing customer preferences.
Fuel Prices Push Airline Fares Higher This Year
Airfare prices are expected to remain high this year due to volatile fuel costs and sustained travel demand.
UK Considers Tariffs on Chinese Car Imports to Align with EU Regulations
The UK is exploring the possibility of introducing tariffs on Chinese car imports as part of its efforts to align itself with EU regulations, enabling it to participate in new legislation aimed at protecting European manufacturing sectors.
Chick-fil-A Expands Globally Despite Industry Challenges
Despite facing elevated inflation and increased competition, Chick-fil-A continues to attract customers with its family-owned business model.
E.l.f. Beauty Releases Original Album "Mirror Mix
E.l.f. Beauty has entered the music industry by releasing an original album titled "Mirror Mix", featuring music from seven emerging artists.
UK Car Industry Faces Critical Decision Over EU Trade Measures
The UK car industry is facing a critical decision that will determine its future success as manufacturers weigh up the pros and cons of trading with China versus Europe.
High-Ranking Official Resigns from OpenAI over Safety Concerns
A high-ranking official at OpenAI has resigned due to concerns about the company's approach to developing cutting-edge artificial intelligence technology.
Manchester City verdict sparks concerns over UK-UAE investment ties
A guilty verdict against Manchester City has raised concerns about the UK's relationship with the UAE.
Cynthia Erivo stars in "Prima Facie" backed by Camelback Productions
The production company aims to provide opportunities for stories that might not otherwise get greenlit by traditional studios.
Paramount and Warner Bros. Discovery Merger Creates New Media Conglomerate
David Ellison's efforts to build a media empire are yielding results as he closes in on a merger between Paramount and Warner Bros. Discovery, creating an enormous entity that will be named Skydance.
HSBC and Lloyds Banking Group face online betting market predictions of potential failure
The online prediction market Polymarket has allowed users to place bets on several major banks including HSBC and Lloyds Banking Group.
G7 Leaders Agree to Release Up to 100 Million Barrels of Oil and Diesel
The G7 leaders have agreed to release up to 100 million barrels of crude oil and diesel from their strategic stockpiles in an effort to stabilize global energy markets.
Eli Lilly's Experimental Amylin-Targeting Drug Shows Promise in Treating Obesity and Type 2 Diabetes
Researchers have identified a promising pathway in the amylin hormone, which is released alongside insulin in the pancreas and helps regulate hunger and fullness.
US Employers Added 29,000 Jobs in September
The US labor market experienced a decline in job growth in September, with most sectors experiencing losses except for healthcare.
Job postings for AI-related roles surge 49% at top banks
Data from enterprise hiring firm Draup shows a significant increase in AI-related job postings this year compared to last year, with a total of 139,819 listings.
Nike's Shares Decline on Disappointing Sales Figures
The company posted disappointing sales figures for its fiscal first quarter, with quarterly revenues falling 4% to $11.21 billion.
Nike Loses Market Dominance and Customer Loyalty
Nike, once a market leader, has been losing ground to its rivals and facing declining sales and customer loyalty due to its struggles to adapt in a rapidly changing market.
UK Prepares for Potential Release of Strategic Fuel Reserves
The UK is engaging in talks with its European Union partners to prepare for a potential release of additional strategic fuel reserves if needed.
General Motors Reports 5.5% Decline in Year-Over-Year Sales
The company saw a decline in year-over-year sales for the third quarter, with total sales of 670,974 new vehicles.
US Pressures Europe to Release Diesel Stockpiles Amid Global Energy Crisis
Talks are underway between British ministers and their European counterparts regarding the release of emergency diesel stockpiles in response to US pressure.
Global Bond Yields Rise to Decade-Highs Across Major Economies
The global financial markets experienced a tumultuous day on Thursday, marked by a sharp increase in yields on government bonds across major economies.
Walmart Introduces Digital Shelf Labels for Easier Shopping Experience
Walmart has introduced digital shelf labels that light up when scanned using a mobile app, making it easier for shoppers to locate specific products.