BUSINESS

What Impact Will Trump Have On The World Economy?

Trump has vowed to impose new import tariffs
Donald Trump's return to the White House with his protectionist policies poses threats for the global economy, with the prospect of new trade wars, resurgent inflation and slower growth, experts say.
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Novo Nordisk said sales of weight-loss injection Wegovy soared 42 percent in the first nine months of 2024

Obesity Drug Maker Novo Nordisk Posts Strong Profit

Danish pharmaceutical giant Novo Nordisk, maker of the blockbuster diabetes and weight-loss drugs Ozempic and Wegovy, posted Wednesday strong third-quarter earnings despite being held back by production constraints.
'We are exhausted with the bombings, the destruction, the martyrs, the wounded and the devastation,' said Hani Ajur

Gazans Want New US President To End The War

Palestinians in war-ravaged Gaza told AFP on Tuesday that whoever emerges victorious in the US presidential election must end the conflict in the territory, which has taken an appalling human toll.
The US trade deficit grew by 19.2 percent in September, according to government figures

US September Trade Deficit Widest In Over Two Years

The US trade deficit expanded in September to its widest since early 2022 as imports increased while companies stocked up ahead of possible disruptions like a dockworkers' strike, according to government data released Tuesday.
Opponents of Mexico's judicial reforms hold a giant flag during a protest in Mexico City

Reform Row Puts Mexico At Risk Of 'Constitutional Crisis'

Mexico's Supreme Court will on Tuesday consider partially invalidating the election of judges by popular vote, setting the stage for a potential standoff with President Claudia Sheinbaum, who says the contentious reforms are irreversible.
The service has a big following in France

Dutch, French Authorities Raid Netflix Offices In Tax Probe

French and Dutch authorities raided streaming giant Netflix's offices in Paris and Amsterdam Tuesday as part of a tax fraud probe, a judicial source told AFP. The search of "various locations" in France by specialist financial investigators relates to suspicions of "covering up serious tax fraud and off-the-books work" and is part of a probe opened in November 2022, the source said.
OpenAI CEO Sam Altman said that search is his favorite feature since the launch of ChatGPT in 2022

OpenAI Shifts Gears, Plans Transition To For-Profit Model

With the transformation, OpenAI will notably depart from its founding principles from 2015 as a non-profit research lab. The Sam Altman-led company has submitted the proposal pending approval by the California attorney general's office.

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