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

U.S. Tariffs Force Chinese Factories to Halt Production and Hunt for New Markets 04/28/2025

Americans Fear Repetition of 2008 Financial Crisis as Tariff War Intensifies 04/28/2025

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World & Politics

Canada bans use of Chinese Huawei and ZTE products in the country

Minister of Innovation, Science and Industry François-Philippe Champagne announced that Huawei and ZTE, two Chinese telecommunications companies, will no longer be used in Canada. According to reports, Ottawa will exclude Huawei from participating in the development of a national 5G communications...

Germany Will Not Support EU Green Investment Label For Nuclear Power Plants

The German government announced on Monday that it will oppose European Union plans to include nuclear energy as a sustainable investment in its "taxonomy" scheme for labelling green projects. Brussels is seeking permission from EU members and the European Parliament for a plan to classify...

Turkey raises minimum investment threshold for citizenship by 60%

Turkey has raised by 60% the minimum amount of investment in real estate required to obtain citizenship. Turkey has increased the amount that foreigners must invest in real estate in order to qualify for citizenship, Bloomberg writes. Now the minimum investment threshold is $400,000 instead of...

Moldova asks EU for extra financial support

Because of the energy and economic issues, Moldova's president, Maia Sandu, has requested further financial assistance from the European Union for the country's budget. "We continue to request greater budget support from the EU in the face of growing prices, particularly in the context of rising...

Japan passes economic security law

Japan's upper house of parliament passed the Economic Security Law by a majority vote, signaling its adoption by the country's parliament. The vote was broadcast live. The law defines "important goods" and aims to provide the public and the economy with stable access to them and infrastructure,...

China warns of "difficult and serious" labor market situation due to COVID-19

China will face a "difficult and serious" labor market situation because of sweeping restrictions designed to contain new COVID-19 outbreaks, China's premier warned. Chinese Premier Li Keqiang warned of a "difficult and serious" labor market situation in the country. This is because of the new...

WHO notes 15M excess deaths from COVID-19 worldwide in two years

WHO has estimated the number of excess deaths from the coronavirus worldwide at nearly 15 million over two years. This is more than double the number of COVID-related deaths officially reported worldwide. The World Health Organization (WHO) has estimated that there were about 14.9 million excess...

US and UK discuss measures to reduce risk of war with China over Taiwan

According to the Financial Times, the US and the UK conducted high-level talks about the "Chinese danger" to Taiwan. It is alleged that the two sides first discussed a contingency plan. They also discussed what role Britain might play "if the United States ended up in a conflict with China over...

EU announces biggest in 20 years legislation revamp for IT giants

To safeguard user information security, the EU has agreed on new standards for transnational IT businesses. After nearly 16 hours of negotiations, EU parliamentarians have agreed on a new Digital Services Act (DSA) to safeguard users' information security online, reports The Financial Times....

IMF sees no need to curtail energy transition because of crisis

The energy crisis has put the world before the choice between energy security and the green transition in the energy sector, say analysts of the International Monetary Fund (IMF) in the Global Financial Stability Report. The expansion of renewable energy sources is hampered not only by fossil fuel...