Business

Business

Falling home prices shouldn’t collapse the financial system, says hedge funder who made $4 billion betting on the 2008 housing crash

The US housing market is experiencing one of the most rapid and dramatic shifts in its history. The reason is pretty simple: Spiked mortgage rates are sidelining buyers across the country. And it’s far from over. Last week, Fed Chair Jerome Powell even went as far as to call it a “difficult correction.” While the […]

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Business

Biogen to pay $900 million to settle drug kickback allegations

A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Biogen will pay $900 million to settle a lawsuit that alleged the company gave doctors kickbacks to encourage them to prescribe its drugs, the Justice Department announced on Monday. A former Biogen employee turned whistleblower, Michael Bawduniak, sued the pharmaceutical company in 2012 on behalf […]

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Business

Court’s nod to reining in digital lenders welcome

Editorials Court’s nod to reining in digital lenders welcome Tuesday September 27 2022 FILE PHOTO | NMG The proliferation of digital loan providers saddling borrowers with high interest rates via predatory lending practices makes a good case for the sector to be regulated. We support the High Court’s verdict backing the new law that allows […]

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Business

How UK employers can recognise the signs

Research shows that employee burnout has steadily risen by 17% since 2020. People no longer want the archaic working model, and they’re actively looking for roles where workplace wellbeing is prioritized and more flexibility exists because they’re putting their mental health first. Research from Deloitte has revealed the cost of poor mental health to UK […]

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Business

How can I invest R5m to generate R20k monthly income for 22 years?

Dear readers, The most important investment decision you will make is how to invest these funds. With any investment where you are making a regular income withdrawal, the investment strategy becomes of critical importance because you not only need to outperform inflation, but also your monthly withdrawal amount. This way, you can ensure your capital […]

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Business

Ireland aims to ease cost of living squeeze with ‘two budgets in one’

Article content DUBLIN — Ireland will deliver what ministers have called two budgets in one on Tuesday, making the usual spending increases and tax cuts while also helping firms and consumers pay soaring energy bills in what they hope will be a one-off intervention. As one of the few European Union countries set to deliver […]

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Business

Pfizer extends collaboration with disease model co CytoReason

Israeli company CytoReason, a developer of computational disease models that assist in the design of drugs by the pharmaceutical industry, has announced the extension of its collaboration with US drugs giant Pfizer. Pfizer will invest $20 million in CytoReason, and will have options to license CytoReason’s platform and disease models, and fund supplementary project […]

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Business

Putin Gives Russian Citizenship to US Fugitive Edward Snowden

Putin, who started the full-scale invasion of Ukraine in February 2022 and has suffered recent setbacks on the battlefield, last week ordered the mobilization of 300,000 troops. The decision triggered sporadic protests throughout the country, amid fears the government will close the border for draft-aged men.

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Business

Credit offtake continues to head northward on robust demand: CareEdge 

Credit offtake recorded a robust growth of 16.2 percent year-on-year (yoy) for the fortnight ended September 9, driven by sustained retail and improving wholesale credit, which is likely to continue in this fiscal. The growth is nearly the highest in the last 9 years (similar growth was witnessed during the fortnight that ended October 18, […]

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Business

RBI imposes Rs 50 lakh penalty on Jalgaon People’s Co-op Bank

The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 50 lakh on The Jalgaon People’s Co-operative Bank, Jalgaon for non-compliance with norms, including those related to classification of NPA accounts. The RBI had conducted a statutory inspection of the Maharashtra-based lender with reference to its financial position as […]

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