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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

Qatari sheikh's family office to invest $8.8bn to create financial hub in Maldives 05/06/2025

Pending home sales index in the U.S. in March hits maximum since 2023 05/02/2025

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Economics

Germany scouring for funds to upgrade its broadband services

While many proposals have called for the government to sell its stake in Deutsche Telekom and utilise the proceeds thereof for upgrading its broadband infrastructure, Merkel’s party is confident that Germany’s economy is strong enough to support a separate 5G network, in addition to its fibre-optic...

Tsipras: Greece is climbing out of crisis

Debates about the long-term sustainability of Greece's debt will begin after the country's creditors review its reforms, Greek Prime Minister Alexis Tsipras said. Tsipras told lawmakers from his left party that negotiations with creditors are proceeding well. Earlier, the government stated that...

Doubts in Libor rate changes setting off alarming trend: Franklin Templeton

While regulators plan on changing the scandal-plagued Libor by the end of 2021, given its strategic nature and the fact that it is deeply embedded into global finance, measures taken by lenders are bordering on the verge of legality, warned two asset managers from Franklin Templeton. Franklin...

NASA and Uber are developing a flying taxi

The National Aeronautics and Space Administration (NASA) of the United States and Uber Technologies Inc. on Wednesday signed an agreement on the joint development of a project of flying taxis on electric traction. As Uber stated in a message, tests of a new model of movement around the city will...

The Economist: Asian population is drowning in debt

People in Asia are thriftier than in other regions of the world, and this is one of the most established views about the global economy. This belief is based on a culture associated with the self-discipline of Confucianism, history (memory of deprivation) and public policy (an unreliable social...

China steps up introduction of state crypto currency

Director of the Institute for Digital Currency Research at the People's Bank of China said that the central bank should issue its own crypto currency in the shortest time and that this project is of paramount importance, South China Morning Post writes. Director of the Institute for Digital...

Does Powell's nomination mean the Fed supervised by Donald Trump?

Jerome Powell will become the new head of the Federal Reserve System (FRS) of the US. President of the United States Donald Trump promised to surprise everyone with his choice, but apparently he decided not to risk on such an important issue. The US President announced his decision in the Rose...

Bank of England interest rate hike signal is a target not a promise: BoE’s Deputy Governor

The comments come in the wake of the central bank having to manage the consequences of Brexit, including stoking inflation, whose widespread ramifications weren't mapped out during the historic referendum. On Friday, Ben Broadbent, the deputy governor of the Bank of England said the central bank...

Credit Suisse: bitcoin is a bubble

Recently, bitcoin has updated a new historical maximum, but many experts still consider the crypto market a bubble. Speculation around bitcoin is "a clear indication of the bubble," said Chief Executive Officer of the Swiss bank Credit Suisse Tidjane Thiam. The rate of bitcoin on Thursday...

Rio Tinto: NAFTA revision leads to uncertainty

Slow negotiations on the renewal of the North American Free Trade Agreement (NAFTA) creates uncertainty among enterprises and can damage investment and growth, said Alf Barrios, Rio Tinto’s Aluminum Executive Director, on Wednesday. Canada and Mexico say that several US proposals for the...