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Author's articles
Weight-loss drugmaker Novo Nordisk slims sales forecast
Danish drugmaker Novo Nordisk, known for its blockbuster diabetes and weight-loss treatments Ozempic and Wegovy, cut its annual sales forecast on Wednesday, citing a decline in its US market share. Novo Nordisk's shares tumbled last month after Eli Lilly announced a successful clinical trial of diabetes and obesity treatment orforglipron.
Distillery layoffs send shudders across remote Scottish island
When Scotland's windswept Isle of Harris welcomed its first commercial distillery a decade ago, it was about more than just whisky. He is from the nearby Isle of Scalpay, and remembers when there was "a thriving community" in this area decades ago with a prosperous port.
BMW upbeat on riding out US tariff chaos
German premium carmaker BMW said Wednesday that it expected to largely ride out the impact of US tariffs over the coming year, and that it hoped to soften their impact. In a statement, BMW said it expects "some of the tariff increases to be temporary, with reductions from July 2025."
Asian stocks rise as China-US trade talks boost optimism
Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.
Hit by Trump cuts, journalists at Dubai-based US channel face uncertain future
Sara, a Dubai-based journalist, joined the US-funded Alhurra TV news channel hoping for job security. Another Alhurra journalist in Dubai, who also did not want to be named, said he was facing an "uncertain professional future" after eight years at the channel.
Taiwan bicycle makers in limbo as US tariff threat looms
Weeks after Donald Trump's global tariff bombshell, Jeff Chen's factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets. Taiwan bicycle industry expert Michelle Hsieh said the island's success in targeting the high-end market was down to "hidden champions" in the supply chain.
Tobacco town thrives as China struggles to kick the habit
Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.
China eases monetary policy to boost ailing economy
China on Wednesday eased key monetary policy tools in a bid to boost its ailing economy as it struggles with the effects of weak consumption and the trade war with the United States.
No rate cuts expected from US Fed facing 'unfavorable' conditions
The US Federal Reserve faces a tough choice Wednesday as it contends with President Donald Trump's tariff rollout: Prioritize tackling inflation by holding interest rates high, do nothing, or stimulate growth and employment by cutting them?
AFP
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