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Crypto-linked bank failures fuel regulation debate
Crypto-linked bank failures fuel regulation debate
Business and Economy
by  AFP

The global cryptocurrency industry has been slammed by setbacks, scandals and high-profile failures in recent months, sparking a regulatory rush to protect consumers from fraud and scams. The global crypto market stands at more than $1 trillion and has risen sharply in recent months, although it remains far below its 2021 peak of $3 trillion.

Asian markets extend global rally as banking sector fears ease
Asian markets extend global rally as banking sector fears ease
Business and Economy
by  AFP

Asian markets rose Friday, tracking New York and European equities, as traders welcomed multi-billion-dollar shows of support for troubled banks aimed at soothing concerns about contagion in the sector. Earlier, European giant Credit Suisse said it would borrow nearly $54 billion made available by the Swiss central bank to "support" the group.

Sanofi, joining other drug makers, slashes US insulin price
Sanofi, joining other drug makers, slashes US insulin price
Business and Economy
by  AFP

French pharmaceutical giant Sanofi announced on Thursday it would cut the US price of its most prescribed insulin by 78 percent, falling in line with two other major drug makers. Sanofi said it would cut the list price of Lantus, its most widely prescribed insulin in the United States, by 78 percent from January 1, 2024.