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PIMCO CIO says preparing for ‘harder landing’ for global economy – FT

PIMCO CIO says preparing for ‘harder landing’ for global economy – FT

Jul 2, 2023 | Business, Economy, Europe, US

(Reuters) – Pacific Investment Management Co (PIMCO) is preparing for a “harder landing” while top central bank chiefs prepare to continue their campaign of interest rate rises, Daniel Ivascyn, chief investment officer at the U.S. bond giant, told...
Musk says Twitter will limit how many tweets users can read

Musk says Twitter will limit how many tweets users can read

Jul 1, 2023 | Business, Economy, Technology

(Reuters) -Twitter is limiting how many tweets per day various accounts can read, to discourage “extreme levels” of data scraping and system manipulation, Executive Chair Elon Musk said in a post on the social media platform on Saturday. Verified accounts...
Sandoz launches rival version of AbbVie’s arthritis drug Humira

Sandoz launches rival version of AbbVie’s arthritis drug Humira

Jul 1, 2023 | Asia, Business, Economy, Europe, Health, US

(Reuters) – Swiss drugmaker Sandoz said on Saturday it had launched a biosimilar version of AbbVie Inc’s big selling arthritis treatment Humira, adding to U.S. competition for the drug that started in January. The Novartis-owned company said its drug,...
China new home prices edge down in June for second consecutive month

China new home prices edge down in June for second consecutive month

Jun 30, 2023 | Asia, Business, Economy

BEIJING (Reuters) – New home prices in China edged down in June from the previous month, marking a second straight month of declines, and housing sales are likely to remain weak over the summer when demand is usually at a low ebb, according to a private survey....
Disney accused in lawsuit of ‘systematically’ paying women less than men in California

Disney accused in lawsuit of ‘systematically’ paying women less than men in California

Jun 30, 2023 | Business, Economy, Entertainment and Lifestyle, US

(Reuters) – Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company’s female employees in the state earned $150 million less than their male counterparts over an eight year period. The Friday...
Cboe refiles Fidelity bitcoin ETF application, plans Coinbase policing partnership

Cboe refiles Fidelity bitcoin ETF application, plans Coinbase policing partnership

Jun 30, 2023 | Business, Economy, Technology, US

By John McCrank and Carolina Mandl (Reuters) -Exchange operator Cboe on Friday refiled an application with the U.S. securities regulator to launch a bitcoin exchange-traded fund by asset manager Fidelity, saying it would work with global crypto exchange Coinbase to...
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