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OECD lifts 2024 growth forecasts, driven by US
OECD lifts 2024 growth forecasts, driven by US
by  AFP

The OECD raised its global economic growth forecast for 2024 on Thursday, driven by strong performances in the United States and emerging countries while Europe lags behind. Central banks worldwide raised interest rates in efforts to combat inflation, which rose after countries emerged from Covid lockdowns and soared further following Russia's assault on Ukraine in 2022.

Wind energy giant Vestas swings to loss, sees geopolitical headwinds
Wind energy giant Vestas swings to loss, sees geopolitical headwinds
by  AFP

Vestas, the world's number one wind turbine maker, said Thursday it swung to a 75-million-euro ($80-million) loss in the first quarter and warned "geopolitical volatility" would continue to cause uncertainty. "In 2024, continued geopolitical volatility is expected to cause uncertainty.

Weight-loss drug maker Novo Nordisk's profits soar further
Weight-loss drug maker Novo Nordisk's profits soar further
by  AFP

Danish pharmaceutical giant Novo Nordisk reported more soaring profits on Thursday thanks to the popularity of anti-diabetes and weight-loss drugs Ozempic and Wegovy, which have made it Europe's most valuable company. Novo Nordisk produces Ozempic, an injectable anti-diabetic treatment which has become popular on social networks for its reported slimming properties.

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