Category: Business

Following the overnight announcement by President Donald Trump of new U.S. tariffs—including measures affecting patented pharmaceuticals—Tánaiste and Minister for Foreign Affairs Simon Harris issued a measured response, emphasizing Ireland’s commitment to coordinated EU engagement. “We will be studying the impact of this announcement, which includes a number of exemptions, together with EU colleagues,” Harris stated, […]

MIAMI — Spirit Airlines will reduce flight capacity by 25% starting in November as part of a restructuring effort following its second bankruptcy in less than a year. CEO Dave Davis announced the cuts in a memo to employees, signaling further layoffs and a strategic shift toward the carrier’s most profitable markets. The budget airline […]

The text of the following statement was released by the Governments of the United States of America, Japan, and the Republic of Korea. Begin Text: Secretary of State of the United States of America Marco Rubio, Foreign Minister of Japan Iwaya Takeshi, and Foreign Minister of the Republic of Korea Cho Hyun met on September 22 in […]

We need your help to make a common-sense bill into California law. Despite the fact that California has one of the nation’s most comprehensive data privacy laws, it’s not always easy for people to exercise those privacy rights. A.B. 566 intends to make it easy by directing browsers to give all their users the option […]

After firm expansion last year, seaborne trade volumes are forecast to rise by just 0.5 per cent in 2025, the slowest pace in years, according to the agency’s Review of Maritime Transport 2025, launched in Geneva. The slowdown comes as geopolitical tensions, new trade barriers and climate pressures reshape shipping routes, push up costs and […]

Investment, optimism and anxiety: these are three of the big drivers of interest in artificial intelligence and its implications.  Because the challenges and opportunities are global, the responses also need to be far more comprehensive than the fragmented and siloed solutions that have been enacted thus far: A UN report from 2024 found that 118 countries […]

At this stage, no official sale price has been disclosed for Glencore’s 75% stake in the Kamoto Copper Company (KCC). However, sources familiar with the matter have confirmed that Glencore previously rejected an unsolicited offer from Orion Resource Partners, which was working in partnership with Abu Dhabi’s ADQ. While the valuation of the asset remains […]

WASHINGTON — The U.S. Federal Aviation Administration (FAA) has proposed civil penalties totaling $3,139,319 against Boeing for a series of safety violations identified between September 2023 and February 2024. The enforcement action follows a high-profile incident on January 5, 2024, when a door plug detached mid-flight from a Boeing 737 MAX 9, prompting renewed scrutiny […]

BASEL — Swiss pharmaceutical giant Roche has agreed to acquire U.S.-based biotech firm 89bio in a deal valued at up to $3.5 billion, marking a strategic move into the rapidly expanding weight-loss therapeutics market. The acquisition centers on 89bio’s lead candidate, pegozafermin, a novel compound in late-stage development for nonalcoholic steatohepatitis (NASH) and severe hypertriglyceridemia—conditions […]

U.S. pharmaceutical giant Eli Lilly has announced plans to produce its next-generation experimental weight-loss pill, orforglipron, at a newly proposed $6.5 billion manufacturing facility in Texas. The investment marks one of the company’s largest single-site expansions and reflects growing demand for obesity treatments worldwide. Orforglipron, a once-daily oral GLP-1 receptor agonist, is currently undergoing clinical […]