Pfizer exits Haleon stake with $3.24 billion divestiture
Drugmaker Pfizer has sold its entire stake in consumer healthcare firm Haleon for approximately 2.5 billion pounds (roughly $3.24 billion), according to sources involved in the transaction.
Drugmaker Pfizer has sold its entire stake in consumer healthcare firm Haleon for approximately 2.5 billion pounds (roughly $3.24 billion), according to sources involved in the transaction.
Morgan Stanley is set to lay off approximately 2,000 employees later this month, representing roughly 2% to 3% of its global workforce—excluding financial advisers—in an effort to improve operational efficiency, according to a person familiar with the matter.
The Russian Finance Ministry has announced that a "large privatization" initiative will be launched this year, involving the sale of more than 100 items of state property.
Uzbekistan has announced the sale of state shares in three major automotive companies as part of its ongoing privatization efforts.
The National Bank of Kazakhstan is launching the Gold Coin project, a digital version of an investment coin, beginning on March 17, 2025.
EU Council has adopted its position on a regulation that will impose tariffs on remaining agricultural products from Russia and Belarus, as well as certain nitrogen-based fertilizers. These tariffs aim to reduce Russian export revenues, limiting Russia's ability to finance its war against Ukraine.
Germany's election-winning conservative CDU/CSU bloc, led by Friedrich Merz, and the Social Democrats (SPD) have reached an agreement in principle with the Greens on a significant increase in state borrowing ahead of next week’s parliamentary vote.
The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday, lowering it to 2.75%, as concerns mount over inflationary pressures and weaker economic growth driven by renewed trade uncertainties and tariff threats.
Canada will introduce $29.8 billion in retaliatory tariffs in response to the U.S. decision to impose 25% duties on steel and aluminium imports. The move follows similar action by the EU, escalating trade tensions with Washington.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tariffs on steel and aluminium.
Poland's deputy prime minister vowed on Tuesday to stick with plans to introduce a new tax on big tech, hitting back at a threat of retaliation from the incoming United States ambassador amid a deepening war of words between Warsaw and Washington.
EU lawmakers raised concerns about the digital euro project after a major failure in the ECB’s payment system, Target 2, which caused delays in transactions. Critics question the ECB's ability to manage the project, with some demanding improved systems before moving forward.
US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
Canada has blocked imports from the largest U.S. pork processing facility operated by Smithfield Foods, the company said on Friday.
The UK has lifted asset freezes on 24 Syrian entities, underscoring its commitment to help Syrians rebuild their country and economy
TotalEnergies has started building Iraq’s largest solar power plant in Basra as part of a $27 billion energy deal. The 1,000MW project will boost renewable energy and reduce gas flaring.
The State Oil Fund of the Azerbaijan Republic (SOFAZ) will continue buying gold in 2025, aiming to increase its assets to 170 tonnes by April-May.
The National Bank of Kazakhstan has raised the key interest rate by 1.25 percentage points today, from 15.25% to 16.5%, according to the financial regulator.
Saudi Arabia has reduced oil prices for Asia by 40 cents per barrel, its first cut in three months. This follows OPEC+'s decision to increase supply by 138,000 barrels per day for April. The move aligns with market expectations, as Russian and Iranian oil supplies to China rise.
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