Pfizer to Lay Off 230 Employees in Switzerland
Pfizer is laying off 230 jobs in Switzerland as part of a $7 billion cost reduction plan set to continue until 2027.
SpaceX IPO Could Propel Musk Toward Trillionaire Status
Elon Musk's wealth could soar to nearly $1 trillion if SpaceX's IPO raises $1.5 trillion, boosting his stake significantly.
Retroactive Implementation of US Tariff Reduction Agreement with Switzerland
Switzerland's tariff reduction deal with the US, retroactive to announcement day, lowers rates from 39% to 15%, aiding its economy.
Bank of Canada Holds Rate at 2.25% and Confirms Overall Economic Resilience
The Bank of Canada maintains the interest rate at 2.25%, highlighting the economy's resilience despite trade challenges.
U.S. Employment Costs Rise 3.5% in 2025
U.S. Employment Costs rose 3.5% in 2025, with wages and benefits both increasing by 3.5% year-over-year.
China to Impose Limits on Nvidia H200 Chip Access
China plans to restrict Nvidia H200 chip access despite Trump's export approval, requiring pre-approval for purchases.
Turkish Central Bank Takes Cautious Approach Ahead of Next Rate Cut
Turkey's Central Bank may cut rates by 100-250 bps amid inflation concerns, with cautious future policy signals expected.
MacKenzie Scott Gives $7.2 Billion to Nonprofits in 2023
MacKenzie Scott donates $7.2B to 2,700 nonprofits, totaling $26B in 5 years, focusing on unrestricted funding for small organizations.
Canadian Dollar Rises Above 1.39 Against US Dollar
The Canadian dollar rises above 1.39 USD as jobless rate drops to 6.5%, prompting potential pause in rate cuts by the Bank of Canada.
Qatar Approves 2026 Budget with $6 Billion Expected Deficit.. Actual 2025 Deficit Records $757 Million
Qatar's 2026 budget approved with $6B deficit; 2025 shows $757M deficit. Focus on economic growth, LNG expansion, and human capital.
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