GLOBAL ECONOMY

The U.S. incentives, included in last year’s Inflation Reduction Act, have spurred companies to rethink where to spend billions of investment dollars.

The company continues to see pressure on sales from staffing shortages at hospitals, which have limited growth in procedures using J&J products, while inflation has boosted expenses.

Treasury Secretary Janet Yellen steps into a superpower trade and political battleground over Africa with Russia and China, as her tour of the continent takes her to South Africa on Tuesday.

Concern about a recession, rising competition with China, runaway inflation, and decoupling economically in an increasingly divided world dominated the week.

Lilly said it would work with the FDA to evaluate the fastest pathway to get its Alzheimer’s drug to market after what it believes was a successful trial.

The Chinese government’s end to its strict zero-Covid regime could encourage more foreign investors to return to the country’s bond market this year, analysts said.

Chinese Vice Premier Liu's speech at the World Economic Forum in Davos was filled with optimism about a return to economic growth, but many remain skeptical.

The World Economic Forum, known as Davos for the Swiss town that hosts it, will focus this year on climate change, global stability and economic headwinds.

Treasury Secretary Janet Yellen will host high-level meetings with the Chinese in an effort to ease tensions between the two countries.

The 2023 Edelman Trust Barometer found economic optimism across the globe has suffered a "massive collapse," with most developed nations reporting all-time lows

The U.S. and Taiwan are holding the first formal negotiations toward a trade agreement between the two countries that has drawn the ire of the Chinese government.

The World Economic Forum is set to hold its annual meeting next week in the Swiss Alps resort town of Davos, where business and political elites will gather.

The cash injection from Sam Bankman-Fried’s Alameda Research was supersized even for the red-hot crypto startup world, and it dwarfed his other investments in private companies.

A labor union in the United Kingdom announced Wednesday that 100,000 workers in 124 government departments and other bodies will be striking on February 1.

More than 4 million of new-energy vehicles sold were all-electric vehicles, five times more than that sold in the U.S. last year, cementing China’s place as the world’s top EV market.

The governments of the U.S. and Japan formed a task force to eliminate the use of forced labor and protect human rights in international supply chains.

Like inflation, prices are unlikely to fall to pre-pandemic levels as global economy, and international trade face recessionary pressures and converging crises.

A report by the Rhodium Group estimates that a blockade of Taiwan by China could cause a "catastrophic" disruption of more than $2 trillion in global economic activity.

Oklahoma announced new settlements totaling $226.1 million with three pharmacy chains and a drug manufacturer over the opioid epidemic on Wednesday.

New York's first legal recreational marijuana dispensary, Housing Works Cannabis Co, opened in Lower Manhattan on Thursday, with dozens of others on the way.