Shareholders of LVMH Moët Hennessy Louis Vuitton voted on Thursday to allow Bernard Arnault to remain at the helm of the company until the age of 85, extending the reign of the man who built the world’s most valuable luxury goods empire. The move, approved with more than 99% support,…
The Czech Republic had achieved full independence from Russian oil supplies for the first time in its history, government officials announced on Thursday. This milestone was reached due to the completion of capacity upgrades on the TAL pipeline, which comes from the west, according to a Reuters report.Czech Prime Minister Petr…
Eli Lilly’s experimental obesity pill, orforglipron, met its main goals in a closely watched late-stage trial, boosting the company’s standing in the fast-growing market for weight loss and diabetes treatments. The results, announced Thursday, show the pill could offer a compelling, needle-free alternative to popular injections, potentially reshaping how millions…
The European Central Bank on Thursday reduced its key interest rate by 25 basis points, citing easing inflation and mounting risks to economic growth from trade tensions and business pessimism. The move was in line with most expectations.It marks the seventh rate cut over the past year as the ECB…
The International Monetary Fund (IMF) will lower its global growth predictions due to rising trade tensions and market volatility, but no global recession is likely, Managing Director Kristalina Georgieva said on Thursday. Georgieva spoke at the IMF headquarters in Washington ahead of next week’s IMF and World Bank spring meetings,…
Globalization has long been regarded as an unstoppable wave in the world of international trade and cooperation, promoting economic growth and cultural exchanges all over the world. However, in recent years, several obstacles have emerged that threaten to undercut decades of development. According to a Statista report, the revival of…
Eli Lilly’s experimental obesity pill, orforglipron, met its main goals in a closely watched late-stage trial, boosting the company’s standing in the fast-growing market for weight loss and diabetes treatments. The results, announced Thursday, show the pill could offer a compelling, needle-free alternative to popular injections, potentially reshaping how millions…
The European Central Bank on Thursday reduced its key interest rate by 25 basis points, citing easing inflation and mounting risks to economic growth from trade tensions and business pessimism. The move was in line with most expectations.It marks the seventh rate cut over the past year as the ECB…
Hertz Global Holdings Inc (NASDAQ: HTZ) is up nearly 50% in premarket on Thursday after billionaire investor Bill Ackman announced a sizable stake in the car rental company.Ackman had built a 4.1% stake in Hertz last year. Now, he has increased that stake to 19.8%, as per a source that…
The International Monetary Fund (IMF) will lower its global growth predictions due to rising trade tensions and market volatility, but no global recession is likely, Managing Director Kristalina Georgieva said on Thursday. Georgieva spoke at the IMF headquarters in Washington ahead of next week’s IMF and World Bank spring meetings,…