A person votes at a polling station set up at a baseball training centre. June 3, 2025. REUTERS/Kim Soo-hyeon |
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- Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration's trade war takes a bigger toll on the US economy, the OECD said, revising down its outlook.
- Surging government debt levels are becoming a pressure point for big economies and bond investors have their sights on those not doing enough to improve their finances. For more, watch our daily rundown on financial markets.
- Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software development.
- This year's hottest summer travel trend? Waiting for deals. Americans are scaling back travel plans from flights to drives or waiting to book only if the price is right, a tell-tale sign of an industry slowdown that's got travel companies worried.
- The Swiss government is this week widely expected to propose tough new capital rules for UBS following the 2023 collapse of its rival Credit Suisse, ushering in a long battle in parliament over the closely watched regulations.
- Chinese auto dealers called on automakers to stop offloading too many cars on dealerships amid intense price wars. Elsewhere, Toyota will take a group supplier private in a $26 billion deal, the companies said.
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Wegovy use up 50% among US teens |
Dr. Thao-Ly Phan, medical director of the Healthy Weight and Wellness Clinic at Nemours Children's Hospital in Wilmington, Delaware, August 9, 2024. REUTERS/Callaghan O'Hare |
American teens are increasingly turning to the weight-loss drug Wegovy as more families and their doctors gain confidence in its use for young people with obesity, new data shared with Reuters shows. The average rate of teens beginning treatment with the highly effective Novo Nordisk drug grew 50% last year to 14.8 prescriptions per 100,000 adolescents, according to an analysis by health data firm Truveta. |
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Volcanic steam rises at sunrise from Mount Etna, near Motta Camastra, Sicily, Italy, June 2. REUTERS/Joachim Herrmann |
Mount Etna, an active volcano on the east coast of Sicily, erupted on Monday, sending columns of volcanic steam and ash into the sky. |
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