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Indrabati Lahiri

Business

GSK: Delaware Supreme Court agrees appeal over Zanac cancer case claim

GSK has consistently maintained that the expert testimony which claims that an ingredient in the antacid drug Zantac is linked to cancer cannot be relied upon - Delaware's highest court is allowing its appeal.

Economy

Back-to-school uniform cost stretches parents' budgets to the limit

The average debt for school supplies is reportedly €368, however, 32% of indebted parents say they owe more than €500 for back-to-school costs.

Economy

China export curbs on semiconductor materials fuel chip shortage fears

These restrictions are speculated to be China’s response to the US export curbs on the sale of advanced semiconductor chips to Chinese companies such as Huawei.

Business

European defence companies cash in as military budgets increase

European defence companies such as Thales and Rheinmetall have reported soaring orders as military budgets increase. Here's a look at some of the firms set to profit from the geopolitical uncertainty.

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Markets

Preparing for the worst? Polish central bank goes on gold buying spree

The president of the National Bank of Poland, Adam Glapinski, recently revealed that the central bank would continue to buy gold, and is aiming for the precious metal to make up 20% of the bank’s reserves.

Business

Bavarian Nordic shares rise on stronger earnings and major Mpox order

The company recently received a 440,000 smallpox and Mpox vaccine dose contract from an unnamed European country.

Business

McDonald's reveals big plans to widen reach in UK and Ireland

Thousands of new jobs are expected to be created as part of the chain's biggest expansion plan in the UK in more than two decades, which will also include some 200 new restaurants in Ireland and the UK.

Business

BT market value takes a tumble as Sky signs deal with rival

The emergence of alternative networks such as CityFibre is increasingly giving Sky and other companies the opportunity to renegotiate better contracts and lower fees.

Business

Dublin pubs suggest time's up for staff due to minimum wage rises

Many pubs in Dublin are struggling with inflationary price rises as well as reduced footfall as pub goers cut back on their spending.

Business

Boeing grounds fleet of test aircraft after concerns over engine parts

Boeing has grounded a fleet of test aircraft as the group continues to deal with the fallout of a door plug blowing off an Alaska Airlines flight in January this year.

Markets

Oil prices dip near year low on hopes of Israel-Hamas war ceasefire

Ceasefire hopes have risen following Israel's recent acceptance of a US bridging proposal. Hamas, however, has yet to do the same.

Business

Could Britain's soaring taxes push energy companies to Norway?

UK taxes on oil and gas profits have risen from 40% to about 78% in the past three years, prompting several energy companies to think about pulling out of the country.

Business

Good news for Paris as hotels see post-Olympics boost in bookings

The French capital saw a slower start to summer, as tourists avoided the city in early summer amid fears of overcrowding and higher hospitality rates while it was playing host to the Olympic Games.

Business

Why airlines offering unlimited flight deals may not be such a bargain

WizzAir recently became the first European airline to launch an annual “All you can fly” pass for an introductory price of €499 per year, rising to €599 annually from 16 August.

Business

Vaccine makers see share prices spike as concerns grow over Mpox

The share prices of a number of healthcare and pharmaceutical companies worldwide rose on Friday as the World Health Organisation (WHO) declared a rapidly-spreading African Mpox outbreak a public health emergency.

Economy

Netherlands unemployment rate stays flat for third month in July

Gross domestic product (GDP) growth in the Netherlands also rebounded in the second quarter of the year, as the economy recovers from the slowdown seen in 2023.

Business

English council claims Dubai businessman misused €175m investment

Thurrock Council in England said it may be forced to raise taxes and cut down on council services for years in order to recover its finances

Business

AstraZeneca leads in valuation as it bets on cancer drugs portfolio

The company has tied up with Eccogene, a Chinese biotech firm, for a new experimental weight loss drug. The weight loss market is currently dominated by Eli Lilly and Novo Nordisk.

Economy

Eurozone growth unchanged but Germany's industrial sector still weak

Germany's surprise contraction in the second quarter this year was mainly due to a halt in equipment and buildings investments, as the industrial sector continues to weaken under pressure from rising interest rates.

Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

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