8 d. ago Sales of Novo Nordisk’s diabetes drugs including Ozempic slow sharply

Fierce competition and threat of Trump tariffs lead to Danish company cutting costsSales of Novo Nordisk’s injectable diabetes drugs including Ozempic have slowed sharply amid fierce competition and the threat of US tariffs, prompting it to cut costs and sharpen its commercial focus.The Danish drugmaker, whose booming sales of GLP-1 diabetes and obesity drugs in recent years had turned it into Europe’s most valuable company, has lost $95bn (£71.5bn) in market value since cutting its full-year sales forecast last week. Continue reading...

Events

9 d. ago India calls Trump’s tariff threat over Russian oil purchases ‘unjustified’

New Delhi lambasts US and EU saying ‘very nations criticising India are themselves indulging in trade with Russia’

Politics

3 w. ago Company insolvencies fall in England and Wales, in ‘glimmer of relief’; Trump blasts Fed board – business live

Rolling coverage of the latest economic and financial newsBusinesses are still in “tough” times, despite the drop in insolvencies in June, cautions David Hudson, restructuring advisory partner at FRP.Hudson says:“The slight fall in insolvencies this month offers a glimmer of relief – especially for hospitality and retail businesses, which are now reaping the benefits of record hot weather. However, we’re still in tough territory. Consumer confidence remains stubbornly low, growth is stuttering – with GDP dipping again in May. June’s unexpected jump in inflation will only serve to continue eroding profit margins and consumer demand.“This environment is forcing businesses to fight on multiple fronts. Many will likely only be experiencing breathing space after dramatically paring back costs. Until demand shows a more sustained recovery and input costs ease further, there’s a risk that this reprieve is just a pause rather than a turning point.” Continue reading...

Politics

3 w. ago Brazil’s Lula hits back at Trump tariff threat as ‘unacceptable blackmail’

US president writes letter of support to former Brazilian leader Bolsonaro, who is on trial on coup charges

Events

4 w. ago Warning as UK inflation hits highest level for nearly 18 months after unexpected jump

Inflation levels jumped up to 3.6 per cent in June - with annual food price inflation hitting the highest level since February 2024

Events

4 w. ago Households face new squeeze as June inflation unexpectedly jumps to 3.6%

The “grim” jump in inflation to an 18 month high is not expected to prevent an interest rate cut next month

Economics

last month Inflation jumped in June hitting its highest mark in months amid Trump’s tariffs threat

Inflation rose 0.3 percentage points in the last month and 2.7 percent in the past year

Economics

last month Inflation jumped last month hitting its highest mark in months amid Trump’s tariffs threat

Inflation rose 0.3 percentage points in the last month and 2.7 percent in the past year

Economics

last month Why Russian markets jumped after Trump’s tariff threat against Putin

Russian Stock Market jumped by 2.7 percent after Trump’s ultimatum

Politics