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Sanofi, GSK and Haleon lead $40-billion rout on heartburn drug

Sanofi fell 13% on Thursday, taking its 2-day decline to 20%; GSK slid 6.9%

China has painted itself into a semiconductor corner behind Taiwan, S.Korea

For all intents and purposes, China has failed to achieve its semiconductor goals, and those tasked with realising them are being brought to account

China's Covid cases hit 3-month high of nearly 2,000 on beach town surge

Among the stranded foreign tourists in Sanya, a beach resort town in Hainan, there's a sense of confusion and shock as they wait on updates from hotel management

'Worst likely over' for emerging Asian currencies as US Fed hike bets ease

Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar

HDFC executes unusual trade to hedge borrowings against interest rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Morgan Stanley bets on emerging market debt as JPM says rally unsustainable

The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers

Letting ED add its chilling effect to crypto winter will kill the industry

A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai

Ukrainian president Zelenskyy says war must end with Crimea's liberation

He stressed that as long as Russia continued to reign over Crimean, many countries will be deprived of "lasting peace"

Former employees of JPMorgan accused of bullion-market manipulation

The jury will begin deliberations on the case late on Friday

UK industries and households brace for blackouts, gas shortage in January

Under the government's latest "reasonable worst-case scenario," Britain could face an electricity capacity shortfall totaling about a sixth of peak demand

Samsung Galaxy Unpacked: Z Fold 4, Z Flip 4, Watch 5, Buds 2 Pro launched

Samsung opens pre-orders on Wednesday and will have its new foldables in stores Aug. 26

FBI probe renews focus on Donald Trump's haphazard handling of files

All of a president's official papers, no matter how trivial, are considered public property, not his alone, according to the Presidential Records Act of 1978

Global food inflation eases, but uncertain crops slow wider relief

Crop futures have retreated to pre-war levels, and the UN's monthly measure of food prices sank the most since 2008

China consumer inflation in July reaches 2-year high as pork costs surge

The consumer price index in China rose 2.7% last month from a year earlier as pork prices surged 20.2%

On the slide this year, silver likely to see some recovery: Experts

The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth

Domino's Pizza quits Italy after 7 years as locals shun American pies

The US chain entered Italy in 2015 through a franchising agreement with ePizza SpA and planned to distinguish itself by providing a structured national delivery service

US indices struggle amid recession fears; Micron says sales may come down

Chipmaker Micron Tech says sales likely to come down; inflation data today

UK heading for recession on BOE view even with Liz Truss tax cuts

Tory leadership favourite has pledged $47-bn tax giveaways

FBI raids Trump's Florida home as part of presidential records probe

Trump, who was in New York City at the time of the raid, said in a statement that Federal Bureau of Investigation agents were searching Mar-a-Lago

Eye on China, US President Joe Biden signs $280-billion CHIPS Act

Bill includes $52 bn in domestic semiconductor research and development