Economy
Public transport walkout hits strike-battered Germany
Public transport workers across Germany walked off the job on Friday in the latest industrial action to buffet Europe's top economy. The strike came one day after security staff at 11 German airports walked off the job, leading to the cancellation of 1,100 flights amid a spate of industrial action and protests to hit commuters in the last weeks.
China economic slowdown to persist through 2028: IMF
China's economic slowdown is likely to persist in the coming years as the Asian giant struggles with sagging productivity and a rapidly aging population, the International Monetary Fund (IMF) said Friday.
Asian markets rally after tech-fuelled Wall St surge
Asian markets rallied Friday, tracking a surge on Wall Street fuelled by bargain-buying from the previous day's sell-off, while strong earnings from tech titans soothed worries about the impact of higher interest rates on bottom lines.
US govt sends drugmakers initial offers in price talks
The US government said it was making initial offers to drugmakers Thursday as part of Medicare negotiations meant to lower the prices many older Americans would pay for 10 medicines. Last October, major drugmakers behind 10 selected medicines for serious illnesses grudgingly agreed to negotiate on cutting prices.
Amazon results beat expectations after record holiday sales
Online retail giant Amazon on Thursday said sales jumped to a more-than-expected $170 billion in the last quarter of last year, after a record-beating holiday season. "This Q4 was a record-breaking holiday shopping season and closed out a robust 2023 for Amazon," CEO Andy Jassy said in a statement.
IMF says central banks should not rush into rate cuts
The IMF sees a greater risk to the global economy if central banks start cutting interest rates too soon than if they move "slightly" too late, Managing Director Kristalina Georgieva said Thursday. With inflation now falling in many of the world's advanced and emerging economies, attention has now turned to when they should start cutting rates to stimulate investment and economic growth.
Publicis settles opioid case with US states for $350 mn
Publicis Health will pay $350 million to settle charges from US states that its "predatory and deceptive marketing strategies" worsened the opioid epidemic, New York's top prosecutor said Thursday. Of the $350 million in the settlement, $343 million will go for payments to US states and territories and $7 million for legal feels, Publicis said.
Which dogs live the longest? Small ones with long noses
Small dogs with long noses, sucg as whippets and miniature dachshunds, live for years longer than large flat-faced breeds such as English bulldogs, new research said on Thursday.
'Labour is the party of business,' UK's Starmer tells corporate bigwigs
UK opposition leader Keir Starmer promised Britain's corporate community Thursday that his Labour party would better marshal the economy than the ruling Conservatives if elected. Sunak claims he has put Britain's economy back on track, including by halving inflation, and that Labour would take the UK "back to square one". pdh/phz/rox
Economy
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