Teva Pharmaceuticals (NASDAQ: TEVA) and its partner Sanofi (NASDAQ: SNY) have announced groundbreaking results from clinical trials of their drug, duvakitug, for ulcerative colitis and Crohn’s disease, two of the most prevalent forms of inflammatory bowel disease (IBD). The announcement, which sent Teva’s stock soaring by 26.4% to $20.88 and…
Indian automobile giant Tata Motors’ share price took a beating on Wednesday going down over 3% to hit an intraday low of ₹754 (£7). The automobile company extended its losing streak at the bourses to the third straight session. The Tata Motors’ share price has sunk over 23% in the…
The US is preparing to ramp up its trade restrictions on China’s semiconductor industry, this time focusing on legacy chips. With weeks remaining in its term, the Biden administration is poised to launch an investigation into Chinese-made legacy semiconductors, potentially leading to tariffs or import bans, as per a report…
The biggest central banks around the world are in the spotlight this week as the Federal Reserve, Bank of Japan, and Bank of England hold their final policy meetings of 2024. These upcoming meetings will set the tone for monetary policy in 2025, with inflation, growth, and global uncertainties influencing…
In an unexpected development, Canada’s annual inflation rate fell to 1.9% in November, indicating a widespread drop in consumer prices across all sectors. According to Statistics Canada data, the annual inflation rate fell, but the consumer price index (CPI) stayed steady month after month. Analysts expected inflation to remain stable…
Milan’s Via MonteNapoleone has officially been named the world’s most expensive shopping street, dethroning New York’s Upper Fifth Avenue. According to Cushman & Wakefield’s annual global index, the Milanese street commands an average rent of €20,000 per square metre annually, compared to €19,537 per square metre for Fifth Avenue. The…
Asian markets remained in limbo on Wednesday morning ahead of the much-anticipated US Federal Reserve policy decision. Japan’s Nikkei 225 declined by 0.4%, while the broader Topix index remained flat. Investors took cue from the exports data that came in on Wednesday. The country’s exports rose 3.8% year-on-year in November,…
UK inflation rose to an eight-month high in November, increasing to 2.6% from 2.3% in October, driven by higher petrol prices, grocery costs, and an increase in tobacco duty. Core CPI, which excludes volatile energy and food prices, showed a flat monthly change, pushing the annual rate up to 3.5%…
India’s cryptocurrency market is rapidly evolving, with smaller cities and towns stepping up as active players in the digital assets space. A recent report by CoinSwitch says tier-2 and tier-3 cities like Botad, Jalandhar, Patna, Kanchipuram, and Dehradun are becoming increasingly active in the country’s crypto ecosystem. This marks a…
The US is preparing to ramp up its trade restrictions on China’s semiconductor industry, this time focusing on legacy chips. With weeks remaining in its term, the Biden administration is poised to launch an investigation into Chinese-made legacy semiconductors, potentially leading to tariffs or import bans, as per a report…