Economy
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The Ozempic effect: How a weight loss wonder drug outsized an entire economy
There is no escaping Ozempic and Wegovy. The diabetes and obesity drugs are a global phenomenon. They’ve won over the rich and…
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Saudi Arabia’s Q1 GDP shrinks by estimated 1.8 pct
Saudi Arabia’s real gross domestic product (GDP) decreased 1.8 percent year-on-year in the first quarter, flash estimates by the government’s…
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US Federal Reserve likely to keep rates steady as hopes of early cuts fade
The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer…
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Foreign tourists make most of weak yen in Japan
Foreign tourists are flocking to Japan in record numbers and thanks to a sliding yen many are living like kings, splashing out…
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United Airlines cancels flights to Tel Aviv up to May 9
United Airlines on Wednesday extended the cancelation of its daily flight from Newark, New Jersey to Tel Aviv in Israel up…
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Navigating uncertainty and risk in today’s global economy
According to a recent study by Saxo Bank, distinguishing between risk and uncertainty may seem straightforward, but it is crucial.…
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Gold prices: A barometer of geopolitical instability and economic fears
Gold prices slipped slightly on Monday, following up on last week’s declines. These drops have sparked a debate among investors…
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IMF approves $1.1 billion funding for Pakistan
The executive board of the International Monetary Fund approved $1.1 billion in funding for Pakistan on Monday, the agency said in a…
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Dubai to proceed with $35 billion expansion plan at Al Maktoum Airport
Dubai is proceeding with building a new passenger terminal at Al Maktoum International Airport in anticipation of a spike in…
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IMF chief urges reform to tackle ‘weak’ growth rate, ‘significant divergences’ at WEF
A “weak-by-historic-standards” global growth rate and “significant divergence across the world” are two “very serious problems” that need to…
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