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Business news
Eli Lilly pulls ahead of Novo in obesity drug gold rush as new players crowd in
May 17, 2025 05:18 AM AEST| By InvezzThe global weight-loss drug market, once dominated by Novo Nordisk, is undergoing a dramatic transformation. On Friday, the Danish pharmaceutical giant announced it would replace its long-serving chief executive, Lars Fruergaard Jorgensen, as the com...
Novo Nordisk CEO to step down as obesity drug competition intensifies
May 16, 2025 10:29 PM AEST| By InvezzNovo Nordisk said on Friday that Chief Executive Officer Lars Fruergaard Jørgensen will step down, a decision made jointly with the board as the company confronts mounting competitive and financial pressures. The changes are being made “in ligh...
Rich List 2025: UK billionaires decline for first time in years amid market turmoil
May 16, 2025 08:47 PM AEST| By InvezzThe number of billionaires in the United Kingdom has fallen for the first time in years, as global market turbulence and changes to the country’s tax regime take a toll on the wealthiest individuals. According to the Sunday Times Rich List 2025, the...
Inflation outlook in 2025: what April’s soft data isn’t telling you
May 16, 2025 07:42 PM AEST| By InvezzApril’s numbers for inflation looked good. Producer prices dropped. Retail sales were flat. Some even said inflation was cooling. But often, the real story is hiding in the details. What we’re seeing isn’t relief, but the start of something har...
Trump wants Apple to shift iPhone production from India to the US: here’s what it means
May 16, 2025 07:28 PM AEST| By InvezzAmid US President Donald Trump’s criticism of Apple’s reported decision to shift a substantial portion of its iPhone production for the American market from China to India rather than the United States, experts have cautioned that relocating producti...
Walmart to pass on tariff burden to shoppers, braces for margin volatility
May 16, 2025 12:17 AM AEST| By InvezzWalmart customers could soon see higher prices on store shelves, as the retail giant grapples with rising costs from new and ongoing tariffs. The company announced Thursday that it will raise prices on some items this month and into early summer, as...
MFI to make a comeback in UK homewares market under Victorian Plumbing
May 15, 2025 10:36 PM AEST| By InvezzMFI, the iconic furniture brand that once dominated Britain’s retail parks before the rise of Ikea, is poised to return to the UK homewares market in the first half of next year. The brand, which collapsed in 2008 after more than 40 years of trading,...
From titan to target: is UnitedHealth Group breaking down?
May 15, 2025 08:32 PM AEST| By InvezzUnitedHealth Group (UNH) has been the most trusted name in American healthcare. A big, predictable and profitable company. A stock that institutions leaned on when everything else was uncertain. Now, in the span of just a few months, that trust has v...
Growth spurt or last gasp? UK’s 0.7% Q1 GDP defies warnings, for now
May 15, 2025 07:50 PM AEST| By InvezzThe United Kingdom’s economy demonstrated robust growth in the first three months of the year, expanding by a stronger-than-anticipated 0.7%, according to official figures. This resilient performance comes despite earlier warnings from business...
Is the trade war over already?
May 15, 2025 07:28 PM AEST| By InvezzRisk appetite surged at the beginning of this week following an unexpected breakthrough in US-China trade talks. Investors were caught off guard by the announcement at 08:00 BST on Monday, which put some detail on reports that the two sides had enjoy...
Can Espinosa’s turnaround plan revive Nissan’s falling sales and stock?
May 15, 2025 05:58 PM AEST| By InvezzNissan Motor Co’s new chief executive, Ivan Espinosa, is confronting an increasingly grim business landscape, with the automaker facing falling sales, an ageing vehicle lineup, and mounting pressure from tariffs and rivals. The Japanese automaker has...
Britain demands antitrust regulator fuel economic growth
May 15, 2025 02:48 PM AEST| By InvezzThe British government has issued a decisive directive to its antitrust regulator, the Competition and Markets Authority (CMA), tasking it with a sharpened focus on fostering economic growth. Announced Thursday, this strategic recalibration calls for...
Cuba’s sugar collapse threatens iconic rum industry as output hits historic lows
May 15, 2025 12:50 AM AEST| By InvezzCuba, historically a sugar powerhouse in the Caribbean, is seeing its raw sugar output fall to historic lows. The island’s sugar production is expected to dip below 200,000 metric tons in 2025, the first time since the nineteenth century, accor...
Super Micro stock surges after Saudi deal, upbeat rating and AI optimism
May 14, 2025 11:57 PM AEST| By InvezzShares of Super Micro Computer rallied sharply in early trading Wednesday, extending gains from the previous session, as a combination of favourable analyst coverage, a multibillion-dollar AI infrastructure deal, and improved geopolitical sentiment l...
Burberry share price jumps 15% on cost cuts and upbeat results; analysts urge caution, say Asian market still a concern
May 14, 2025 09:05 PM AEST| By InvezzShares in Burberry surged more than 15% on Wednesday after the company unveiled plans to cut about 1,700 jobs globally as part of a sweeping cost-reduction initiative, and clocked profits much higher than anticipated. The move is expected to generate...
Two men, one turning point: Romania heads into 2025 presidential election, seen as major political test
May 14, 2025 06:40 PM AEST| By InvezzRomania’s 2025 presidential election is not a normal election. This election is a rerun following the annulment of the December 2024 election due to Russian interference. And the story keeps getting more intense. Just a week ago, the far-...
Burberry to cut 18% of global workforce in cost-saving push amid turnaround efforts
May 14, 2025 06:11 PM AEST| By InvezzBurberry is set to cut as many as 1,700 jobs worldwide as part of a wider cost-cutting effort, as the British fashion house grapples with a challenging luxury retail environment. The company said Wednesday it aims to save an additional £60 million ($...
Nvidia hits $3.17 tn, closes in on Apple’s m-cap after Saudi partnership: can it reshape tech rankings?
May 14, 2025 04:00 PM AEST| By InvezzNvidia Corp. came within striking distance of overtaking Apple Inc. as the world’s second most valuable company on Tuesday, as its stock rallied on optimism around chip sales to Saudi Arabia and artificial intelligence infrastructure deals. The compa...
‘Too late Powell?’: Trump blasts Fed anew as April inflation shows slight dip
May 14, 2025 02:56 PM AEST| By InvezzPresident Donald Trump launched a renewed salvo against the Federal Reserve on Tuesday, asserting the central bank is lagging in its response to what he characterized as a significantly cooling inflationary environment, particularly after April’...
US considers deal to let UAE import over a million advanced Nvidia chips: report
May 14, 2025 03:15 AM AEST| By InvezzThe Trump administration is in active talks to authorize the United Arab Emirates to import over a million Nvidia Corp’s most advanced artificial intelligence chips, in what would mark a sharp departure from existing Biden-era export controls, Bloomb...
