Source link With patents on anti-obesity drugs set to expire, generic manufacturers are rushing to seek approval for their own versions Indian pharmaceutical giant Biocon, led by billionaire Kiran Mazumdar-Shaw, one of the country’s richest self-made women, is aiming to corner the market for anti-obesity drugs as patents on major weight-loss medications are set to […]
Source link President Bola Tinubu is reportedly concerned about the cost of maintaining the fleet Nigeria’s government plans to sell three jets from its Presidential Air Fleet (PAF) as part of cost-cutting measures in the West African country, which is grappling with an economic downturn, local media reported on Monday. President Bola Tinubu has ordered […]
Source link Berlin has curbed spending, having limited some funds for businesses that were already struggling with higher energy costs German family-led companies, traditionally seen as the backbone of the country’s economy, have found themselves on the verge of bankruptcy, Bloomberg reported on Saturday, citing business figures and industry analysts on the ground. Owners of […]
Source link Workers from Texas to Ohio benefit from Washington’s campaign to procure arms for Kiev, Lloyd Austin has claimed The Ukraine conflict is a boon for the US economy as it has allowed more jobs to be created in the American military-industrial sector, Defense Secretary Lloyd Austin has said. Speaking at a meeting of […]
Source link The 2024 GDP target has been set at around 5%, despite economic challenges at home and worldwide Chinese Premier Li Qiang on Tuesday unveiled the country’s economic development program for 2024, promising steps to “transform” the national growth model and eliminate risks brought about by a recent slew of bankruptcies in the property […]
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Source link The group will account for 36.6% of the world’s GDP in PPP terms by 2028, according to the Russian president The BRICS states are overtaking the G7 in terms of share in global GDP in PPP terms, Russian President Vladimir Putin said on Thursday while addressing the Federal Assembly. The share of BRICS […]
Source link Control over Ukraine’s fertile lands would allow Moscow to “attack” European farmers, FM Stephane Sejourne has said A potential Russian victory in Ukraine could deal an economic blow to the West because Moscow would gain control of vast resources, French Foreign Minister Stephane Sejourne has said. In an opinion piece for the French […]
Source link The group will account for 40% of global GDP within four years, the head of the New Development Bank has said The BRICS member states will overtake the G7 in terms of share in global GDP within the next four years, the head of the New Development Bank (NDB), Dilma Rousseff, said on […]
Source link For two years politicians and analysts have offered grim forecasts that never seem to materialize Ever since Russia’s military operation against Ukraine began in February of 2022, there has been a steady flow of predictions from Western politicians, analysts, and commentators about the impending demise of the Russian economy. In fact, the prognosticating […]
Source link The Washington-based fund had previously been criticized for its optimistic assessment of Russia’s economy The Russian economy has been growing faster than many economists projected, IMF First Deputy Managing Director Gita Gopinath admitted on Monday in an interview with Foreign Policy magazine. Russian GDP climbed by 3.6% in 2023 and the country’s authorities […]
Source link For the first time in modern India, the government has come out openly in support of economic reforms, and spoken out against populism at the same time Last week, India’s ruling Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) tabled a white paper in Parliament chronicling the last two tumultuous decades of the […]
Source link The president has urged the government to maintain a balance between pursuing economic development and price stability Economic activity in Russia at the beginning of the year remains strong, according to President Vladimir Putin, who said on Monday that the situation is in line with the expectations of the government. DETAILS TO FOLLOW […]
Source link The EU has unanimously backed the idea of using profits from the funds to help Ukraine The EU’s plan to seize the profits from frozen Russian assets and hand them over to Ukraine would be a gross violation of international law, the Foreign Ministry in Moscow has told RIA Novosti. Belgium-based clearing house […]
Source link New digital solutions and mechanisms have added roughly one trillion rubles to GDP, Mikhail Mishustin has said The Russian economy outpaced its European peers in terms of growth last year, expanding by 4%, Prime Minister Mikhail Mishustin stated on Friday, citing the latest calculations. He said the main driver behind the above-average growth […]