Drugmakers are attempting to reduce their reliance on Chinese contractors that manufacture pharmaceuticals used in clinical trials and early-stage manufacturing, according to reports based on interviews with ten industry executives and analysts. This trend is advantageous to competitors in India....

According to ECB head Christine Lagarde, the bank has now reached a position where it can pause and evaluate the results of the monetary policy tightening it has already implemented. She stated, "We have already done a lot," while speaking in Frankfurt at a Bundesbank event. "With all the tools at...

According to an Adobe Analytics research, Black Friday e-commerce spending in the United States reached a record $9.8 billion, up 7.5% from the previous year. This suggests that consumers who are price sensitive want to spend their money on the best offers and are searching for those deals online....

Data supplied with Reuters indicated that Chinese car sales in Russia appear to have peaked as domestic production recovers following the departure of Western manufacturers. However, recent market expansion may slow as high import costs and borrowing rates start to pinch.   These numbers are...

To combat the nation's skyrocketing inflation, Turkey's central bank increased its benchmark interest rate to 40%.   The increase from the prior rate of 35% was significantly more than anticipated.   However, Turkey's central bank indicated that interest rates were getting close to...

Germany's statistics office released figures on Friday that indicated the country's GDP dropped little in the third quarter as compared to the preceding three months.   The data supported a preliminary projection that the largest economy in Europe shrank by 0.1% and was released in late...

The president of the International Energy Agency stated that the oil and gas sector needs to invest more in clean energy and get over the "illusion" that carbon capture technology can combat climate change.   “The industry needs to commit to genuinely helping the world meet its energy needs...

According to the IEA, 1% of investments in clean energy come from oil and gas corporations. The International Energy Agency (IEA) reports that oil and gas businesses would rather observe the energy transformation from the sidelines, contributing just 1% of all clean energy investment worldwide....

An employee was found wiping tables in an empty McDonald's outlet on a recent evening in Cairo. In the Egyptian capital, other Western fast-food franchises seemed to be closing their doors.   Since the deadly Hamas attack in southern Israel on October 7, all have been impacted...