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Economy
Eli Lilly seen as the stronger bet amid escalating competition with Novo in India
June 26, 2025 08:25 PM AEST| By InvezzThe global fight between Eli Lilly and Novo Nordisk for dominance in the red-hot weight-loss drug market is shifting to India, one of the fastest-growing pharmaceutical frontiers. As rising obesity and diabetes rates collide with expanding middle-cla...
Australia, New Zealand top global rankings in per capita cocaine use: UN report
June 26, 2025 07:24 PM AEST| By InvezzAustralia and New Zealand are now the world’s biggest per-capita users of cocaine, according to the United Nations Office on Drugs and Crime (UNODC), as global drug use reached an all-time high in 2023. The findings come from the UN’s World Drug Repo...
Why are SPACs suddenly hot again and should investors buy into the hype?
June 26, 2025 05:41 PM AEST| By InvezzWall Street has a short memory. Just a couple of years ago, SPACs were synonymous with hype, lawsuits, and bankruptcies. Investors lost billions as early-stage companies rushed onto public markets through these blank-check vehicles, only to col...
Trump says he is considering 3 or 4 people to succeed Powell as Fed chair
June 26, 2025 05:39 AM AEST| By InvezzUS President Donald Trump has signaled his intention to replace Federal Reserve Chair Jerome Powell once his term ends in May 2026, saying he has “three or four” candidates in mind to lead the central bank. “I know within three or four people,” Trump...
Boy, that escalated quickly!
June 26, 2025 05:08 AM AEST| By InvezzSo said Will Ferrell’s character, Ron Burgundy, in the film Anchorman. It’s a quote that has seemed apposite on many occasions since Donald Trump’s inauguration as US President back in January. From tariffs and trade wars to NATO disengagement and a...
Greece tops NATO defence spenders as Turkey tensions drive strategic push
June 26, 2025 02:28 AM AEST| By InvezzGreece is once again among the top NATO defence spenders, with fresh data showing the Mediterranean nation allocated 3.1% of its GDP to military expenditure in 2024. Only four NATO members spent a greater share of their national output on defence: th...
Brazil faces grim fiscal future with debt projected to top 100% of GDP
June 26, 2025 01:44 AM AEST| By InvezzBrazil’s fiscal picture is rapidly deteriorating, according to a stern assessment from the Independent Fiscal Institution (IFI), a technical advisory organisation affiliated with the Federal Senate. The IFI’s 101st Fiscal Monitoring Repor...
Brazil’s Federal Revenue expands tax enforcement units to boost efficiency
June 26, 2025 01:00 AM AEST| By InvezzBrazil’s Federal Revenue Service is expanding its network of specialised tax enforcement units to improve the efficiency and efficacy of audits of large firms and high-net-worth individuals. According to local media outlet InfoMoney, the projec...
Barclays Bank blocks crypto-related card transactions over debt concerns
June 26, 2025 12:52 AM AEST| By InvezzUnited Kingdom’s Barclay Bank has confirmed that clients will no longer access crypto features from the Barclaycard starting 27 June 2025. The move underscores the rising concerns over financial risks linked to cryptocurrency purchases, especially wi...
Argentina set to win IMF waiver despite missing reserve target in $20 billion deal
June 25, 2025 11:42 PM AEST| By InvezzArgentina, the IMF’s biggest borrower and perpetual headache, is again calling on the good offices of the Washington lender. Now, it has come to a head over failing to meet a primary criterion of its latest $20 billion deal: the replenishing of...
NATO leaders agrees on increasing defence spending to 5%
June 25, 2025 10:59 PM AEST| By InvezzLeaders of the North Atlantic Treaty Organization (NATO) have unanimously agreed to significantly increase defense spending to 5% of their Gross Domestic Product (GDP) at the summit in Hague. This historic move, coming amidst an increasingly belliger...
Why economy and stock market feel strong, weak, and broken all at once
June 25, 2025 08:49 PM AEST| By InvezzIf you’re confused about what’s going on with the economy right now, you’re not alone. On one hand, unemployment is low, stocks are near all-time high, and inflation is cooling. On the other, consumer confidence is falling, the Fed is stu...
Why Zohran Mamdani’s victory over Cuomo is a turning point for Democrats
June 25, 2025 08:07 PM AEST| By InvezzZohran Mamdani’s stunning political upset in the New York City’s Democratic primary for mayor not only renders a significant blow to Andrew Cuomo- a once-dominant figure in New York politics, it is also likely to reshape the Democratic landscap...
Zohran Mamdani’s rise as New York mayor: what’s behind his ideas and policies?
June 25, 2025 07:01 PM AEST| By InvezzNew York just witnessed one of the most unexpected political upsets in recent memory. Zohran Mamdani, a 33-year-old democratic socialist and state assemblyman, defeated former Governor Andrew Cuomo in the Democratic primary for mayor. With his win, M...
Best crypto presales to buy as Norway firm plans to raise $1.2B to buy BTC
June 25, 2025 06:55 PM AEST| By InvezzBitcoin extended its recovery on Wednesday, climbing to $106,000 after briefly dipping below the $100,000 mark earlier on Sunday. The rebound comes amid easing geopolitical tensions in the Middle East, rising expectations of Federal Reserve rate cuts...
Powell’s non-committal stance on rates points to year-end cut, says ING
June 25, 2025 06:23 PM AEST| By InvezzING Group expects the US Federal Reserve to cut interest rates only in December as the central bank may wait for further economic cues. On Tuesday, US Federal Reserve Chair Jerome Powell stated that the Fed would observe economic developments before...
Carnival shares surge on strong earnings and ceasefire boost; analysts upbeat
June 25, 2025 05:50 AM AEST| By InvezzCarnival Corporation shares rose sharply by more than 7% on Tuesday after the cruise operator delivered better-than-expected second-quarter earnings and raised its full-year forecast, offering a fresh wave of optimism for the travel and leisure secto...
UK factories report steeper decline in orders for June 2025
June 25, 2025 02:45 AM AEST| By InvezzUK factories face a steeper decline in orders for June 2025, per CBI data. Explore the economic impact, causes, and implications for growth in this analysis.
Trump rollback of consumer protection policies costs Americans $18 billion in fees
June 25, 2025 01:59 AM AEST| By InvezzThe US Consumer Financial Protection Bureau (CFPB) has seen a sharp reversal of enforcement activity and regulatory action under President Donald Trump’s administration, with an estimated financial cost of at least $18 billion to consumers. That’s ac...
Mexico mid-June inflation within forecasts, keeps Central Bank on easing path
June 25, 2025 12:53 AM AEST| By InvezzHeadline inflation in Mexico rose slightly in the first half of June, coming in close to what analysts expected and strengthening market views that the central bank will stay on track to gradually reduce interest rates. Consumer prices rose 0.10% dur...
