Asian stock markets is trading mostly weak on Monday, despite the positive cues from global markets on Friday, as recent economic data has led to worries the US Fed may leave rates higher for longer than previously anticipated. The escalating Sino-U.S. tensions and the potentially hawkish remarks by the Bank of Japan governor over the weekend are also weighing on […]

Reflecting subdued global economic growth, India’s outward foreign direct investment (FDI) fell by 33.3 per cent sequentially to $1.21 billion in August, compared to over $1.82 billion in July. According to data from the Reserve Bank of India (RBI), year-on-year (Y-o-Y), outward investments saw a sharp decline compared to $9.76 billion in August 2022. After declining for two consecutive months, […]

argenx SE (ARGX), a Dutch immunology company, Friday announced that the European Medicines Agency’s Committee for Medicinal Products for Human Use or CHMP has recommended European Commission approval for Subcutaneous Efgartigimod to treat Generalized Myasthenia Gravis or gMG. The European Commission’s decision on marketing authorization application or MAA is expected within approximately 60 days. gMG is a rare and chronic […]

Generac Power Systems Inc. is recalling about 64,000 units of portable generators citing serious risks for fire and burn, the U.S. Consumer Product Safety Commission said. According to the agency, the recalled generators’ fuel tank can fail to vent adequately from the rollover valve. This could cause the gas tank to build up excess pressure and expel fuel when opened, […]

At the end of the last Ice Age, about 10,000 years ago, Earth developed systems that supported the environment and life-support systems, including the stability and warmth that the planet and its inhabitants have enjoyed for those millennia. That could be about to change. An international team of scientists on Wednesday published an updated report in Science Advances on what […]

WeWork Inc. said it is starting a process to renegotiate nearly all its leases as the loss-making flexible space provider tries to fix its financial troubles. As part of the move, the company, which offers workspaces and services, plans to exit unfit and underperforming locations and to reinvest in its strongest assets. Chief Executive Officer David Tolley in a letter […]

Public-sector enterprise stocks have seen a good run thus far in 2023-24 (FY24), with the S&P BSE PSU Index surging by over 26 per cent during the period, compared to an 11 per cent increase in the benchmark S&P BSE Sensex. One key reason analysts believe is driving this rerating in public sector undertaking (PSU) stocks is the government’s infrastructure […]

Visual effects workers at Marvel Studios and seven of its subsidiaries have voted 32-0 to unionize with IATSE in an election conducted by the National Labor Relations Board. The union called the unanimous vote an “historic first” for the industry’s VFX workforce. The next step for IATSE is to engage in collective bargaining with Marvel to negotiate a first contract […]

Apple Inc. (NASDAQ: AAPL) has launched its new iPhone, and it does not upgrade most features of the iPhone 14. If sales of the new model are slow, Apple may make up the revenue shortfall with higher prices. The Apple iPhone 15 Pro Max with 1TB costs $1,599. This makes it the most expensive iPhone ever. (Customers are abandoning these […]

Rep. Lauren Boebert was reportedly kicked out of a performance of the Broadway touring version of Beetlejuice, according to the Denver Post. The Post cites an incident report it obtained in which representatives of the Buell Theater in Downtown Denver say a group of people was asked to leave after vaping, singing, recording and “causing a disturbance” during the performance. […]