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Business
Novartis Sets Quarterly Results Release Tuesday
Novartis releases quarterly results Tuesday before investors assess clinical trial data. The three upcoming trial readouts are for the drugs pelacarsen, remibrutinib, and del-desiran. Analysts project the three drugs hold a combined peak annual sales potential exceeding $10 billion.
Latest in Business
Thames Water Creditors Accept State Stake but Oppose Full Public Ownership
London & Valley Water creditors propose a rescue deal allowing government equity but reject nationalization. Creditors offer £20bn by 2030 to avoid a special administration regime costing taxpayers £2bn.
UNICEF Warns Middle East War Could Push 23.4 Million Children Into Poverty
Health workers in northern Nigeria report children relapsing into malnutrition is increasingly common in Sokoto. UNICEF warns 23.4 million additional children could fall into monetary poverty if the Middle East war continues.
Uber Agrees to Acquire Delivery Hero in $14.8 Billion Deal Pending Approval
Uber agreed to acquire Delivery Hero for $14.8 billion pending approval with 2027 closure. The combined entity will operate in 99 countries and booked $236 billion in orders during 2025.
Publicis Groupe Lifts 2026 Growth Guidance After Record First Half Revenue
Publicis Groupe reported record 2026 first half and lifted organic revenue growth guidance. Q2 organic growth reached 4.8% as it invested $3 billion in the first half.
Bank of Korea Lifts Benchmark Rate to 2.75 Percent to Curb Inflation
The Bank of Korea raised its benchmark policy rate by 0.25 percentage points. The decision seeks to tighten monetary conditions in response to persistent inflation and rising household debt.
Chipotle Mexican Grill Opens First Restaurant in Mexico Partnering with Alsea
Chipotle Mexican Grill opens its first restaurant in San Pedro Garza García, Nuevo León, on Thursday. This launch supports a global strategy to open 350 to 370 new restaurants worldwide this year.
Sephora Opens 15 Stores in the United Kingdom After 2005 Market Withdrawal
Sephora opened 15 stores in the United Kingdom since 2023 alongside an expanded digital presence nationally. The retailer previously operated for five years before closing all locations in 2005 due to high rents.
India Retail Inflation Hits 4.38% in June 2026 Above RBI Target
India's retail inflation rose to 4.38% in June 2026, exceeding the Reserve Bank of India's 4% target. Governor Sanjay Malhotra stated it was premature to tighten policy as inflation showed no signs of becoming generalised.
Bulgaria Becomes 21st Country To Join Eurozone On 1 January 2025
Bulgaria will adopt the euro on 1 January 2025 after EU reports confirmed the nation met convergence criteria on 4 June. Officials cite foreign interference attempts while surveys show citizens remain divided on the change.
Trinidad and Tobago Signs MOUs on Data Centers With Hummingbird, Ernst and Young
Trinidad and Tobago signed data center agreements with Hummingbird AI Holdings and Ernst and Young LLP Friday. Ernst and Young plans a 300 megawatt site while Hummingbird AI proposes a 150 MW facility with U.S. help.
Commerce Department Announces Changes to Export Controls for UAE
The U.S. Commerce Department announced easing of export controls for the United Arab Emirates. Senator Elizabeth Warren criticized the rule as corrupt and asked for hearings.
California Adds Four Ballot Measures, Removes Seven
Four new ballot measures received certification for California. Seven others were removed from ballots in two states.
Shein Secures Hong Kong IPO Approval Friday
Shein secured Hong Kong IPO approval on July 10. Founder Sky Xu established the company in 2012 with a potential $50 billion valuation.
UN Women Report Says One Million Lost Aid Access
UN Women report says at least one million women and girls lost aid access from budget cuts in 18 months. Chief Sofia Calltorp says one-fifth of surveyed groups in 52 countries expect closure within a year.
Niel Becomes Vodafone's Largest Shareholder
Xavier Niel purchased a 16% stake in Vodafone. He intends to be a long-term minority shareholder.
Volkswagen Plans to Cut Models by 50 Percent
Volkswagen plans to cut model offerings by 50 percent after first-quarter profits fell 28 percent. The company cites rising costs and global competition as factors behind the decision.
UK Music Publishes Report on 24.7 Million Music Tourists
UK Music published a report showing 24.7 million music tourists attended events in 2025. Spending totaled £11.2 billion across the UK economy, marking an 11 percent increase from 2024.
Coca-Cola HBC Opens Digital Hub in Cairo
Coca-Cola HBC opened a digital hub in Cairo. The company expects the workforce to grow to 450 employees next year.
Global Stock Markets Increase In Early Thursday Trading
Global stock markets rose on July 9 as U.S. indices advanced in early trading. Investors place an 87 percent implied probability on a Federal Reserve rate hike in 2026.
McKay Advocates Carbon Price at University Seminar This Month
Dr. Huw McKay advocates carbon pricing to accelerate industry decarbonization. He presents findings from BHP documents at an Australian National University seminar this month.
Court Blocks Walla Layoffs Pending Consultation
The Tel Aviv Regional Labor Court blocked Walla from proceeding with planned layoffs on July 8, 2026. Judge Kamel Abou Kaoud ruled the company failed to consult the union sufficiently.
Greenland Energy Plans Drilling Despite No Government Permits
Greenland Energy announced plans in June 2024 to drill for oil in Jameson Land, Greenland. Greenland's ministry stated no active permissions for exploration activity have been granted.
GERMANY PREPARES LAWS HOLDING E-SCOOTER OPERATORS LIABLE
Germany prepares laws shifting rental e-scooter liability to operators. Consumer groups support the measure while industry warns of fraud risks.