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Forecasts For Weight-Loss Drugs Increase To $150 Billion As Supply Increases

Some analysts have raised the yearly worldwide sales projections for the therapies to around $150 billion by the early 2030s due to factors such as likely expanded usage, an expanding number of potential competitors, and the millions of people seeking access to weight-loss medications from Novo...

Brazil Has Surpassed Belgium As China's Top Export Destination For EVs And Hybrids

Industry data revealed that, in the wake of the European Union's anti-subsidy investigation into Chinese electric vehicles, Brazil has surpassed Belgium as the country's top export destination for Chinese new energy vehicles.   According to data from the China Passenger Car Association...

It's Unlikely That The Fed Will Lower Interest Rates This Summer

It is unlikely that the Federal Reserve would lower interest rates throughout the summer, therefore investors will probably have to endure a sweaty summer.   A slew of better-than-expected economic statistics and new policymaker rhetoric indicate away from any policy relaxation in the near...

'No Tariffs' On Chinese EVs Is What Elon Musk, Tesla CEO, Proposes

Elon Musk, the CEO of Tesla, stated that he disagrees with President Biden's recent declaration of a tax on electric cars built in China.   During a Q&A session at the VivaTech conference here on Thursday, Musk responded to a question from CNBC's Karen Tso by saying, "Neither Tesla nor I...

US Weekly Unemployment Claims Continue To Decline As Strength In Labor Market Persists

The number of new claims for unemployment benefits filed by Americans decreased last week, suggesting that the labour market is still strong and will likely sustain the economy going forward.   The Labour Department's report on claims for the second consecutive week on Thursday undid the...

Key Conference Beckons As Paris Competes To Become Europe's AI Capital

In an effort to solidify Paris' status as a centre for artificial intelligence, France will welcome tech leaders and political officials this week, including former US Secretary of State John Kerry, EU Industry Chief Thierry Breton, and former Google CEO Eric Schmidt. French inventors will take...

Moscow Seizes Ownership Of Western Corporations' Assets

Through presidential decrees issued by Vladimir Putin and court decisions pertaining to litigation over delayed projects or blocked cash during Western sanctions, the Kremlin has begun confiscating assets of certain Western corporations in Russia. The list of businesses impacted thus far is shown...

ECB Believes Additional Regulations May Be Necessary For Usage Of AI In Finance

The European Central Bank stated on Wednesday that although artificial intelligence (AI) in banking is still in its infancy, it has to be watched over and perhaps regulated to protect consumers and guarantee the smooth operation of markets.   The European Central Bank (ECB) observed that...

April Saw A New High For China's Car Exports Amidst Declining Domestic Sales

According to figures released on Friday, China's automobile exports reached a new high in April, while domestic sales fell 5.8% from the previous year due to customers' reluctance to spend much on large-ticket products during the country's precarious economic recovery.   April's car exports...

The Aftereffects Of A Social Media App Ban: The Demise Of India's TikTok

Before it was outlawed in 2020, TikTok was one of the most widely used applications in India. It serves as a warning for what can happen if a US ban is implemented.   India was the largest market for TikTok four years ago. The software promised 200 million users by the end of the year,...

U.S. And China Will Have Their First AI Discussions Within "Weeks" Despite The Current TikTok Impasse

The first high-level AI talks between the United States and China will take place in the "coming weeks," according to U.S. Secretary of State Antony Blinken, who gave no information on the whereabouts of TikTok, the dominant Chinese social media platform.   Blinken announced that the United...

Profits For Big Oil Companies Decline As Natural Gas Prices Plummet.

A significant decline in natural gas prices from a year ago was the reason behind the lower first quarter earnings that U.S. and European oil corporations released on Friday.   Oil and gas companies' 2022 record highs, which were driven by a rise in demand following the COVID-19 pandemic and...
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