Ozempic Maker Overtakes LVMH as Biggest European Company
Danish drugmaker Novo Nordisk A/S on Friday surpassed French luxury powerhouse LVMH to become Europe’s most valuable company, buoyed by demand for its blockbuster obesity medicines.
Bloomberg Business
Gabon Bonds Jump on Reduced Debt Burden, EU Stance on Coup
Gabon’s dollar bonds rebounded from a two-day slump as the country’s lowered debt-servicing burden and the European Union’s comments on this week’s coup helped to calm investors’ nerves.
Sanctioned Russian Tycoon Joins Gorbachev Foundation Board
A sanctioned Russian tycoon has become a trustee of the Gorbachev Foundation, an organization founded by the last leader of the Soviet Union to support social, economic and political studies.
Africa Offers Global Warming Solution in 1st Climate Declaration
Africa will seek to present itself as a solution to the global warming crisis in a declaration to be signed by heads of state on Sept. 6 at the inaugural Africa Climate summit in Nairobi.
Record-Breaking Wildfires Drag Economic Growth Lower in Canada
Canada’s worst wildfire season on record, along with growing droughts in many parts of the country, have taken a toll on the economy, with multiple industries impacted by the adverse weather in the second quarter of this year.
Hollywood Strikes, Yellow Bankruptcy Cut US Payrolls by 54,000
A wave of strikes and the collapse of a major carrier took a toll on US payroll growth in August.
Bond Traders Eye Pivot Point for Rates After Cracks in Jobs Data
Bond investors are evaluating whether short-dated Treasury yields have seen their peak, as signs the US job market is cooling spur wagers that the Federal Reserve is done raising interest rates.
Lula Tightens Grip on Brazil Politics as Economy Defies Odds
Just six months ago, grim warnings about Brazil’s economy were looming over Luiz Inacio Lula da Silva’s pledge to restore the prosperity he oversaw during his previous presidency.
OPEC Oil Output Holds Steady With Saudi Cuts Offsetting Iran Gains
OPEC’s oil production held broadly steady last month as curbs by group leader Saudi Arabia offset gains from other members, such as Iran.
Chile Economic Activity Unexpectedly Rises Ahead of New Interest Rate Cut
Chile’s economic activity unexpectedly rose in July on broad gains, signaling resilience in one of Latin America’s richest nations as traders bet the central bank will cut interest rates for a second time next week.
