Huawei reported net profit for 2022 of 35.6 billion yuan ($5.18 billion), down 69% year-on-year. That’s the biggest annual drop since 2011, according to CNBC’s calculations. Huawei blamed rising commodity prices, tight pandemic controls in China last year and a one-time gain from the sale of Honor last year as reasons for the profit slump. … Read more
CNN — Cynthia Elford loves to travel and hike, but a few years ago her type 1 diabetes made her travels nearly impossible. In 2018, the Pennsylvania grandmother was facing the possibility of losing her right leg to a diabetes-related circulation problem, and she developed sores on her toes that kept getting worse. She begged … Read more
CNN — World Health Organization advisers will consider next month whether to add liraglutide, the active ingredient in some diabetes and obesity drugs, to its list of essential medicines. The list, which is updated every two years, includes medicines “that meet the priority health needs of the population”, specifies the WHO. “They are intended to … Read more
The recent banking turmoil could bring the United States closer to a recession, Minneapolis Fed Chairman Neel Kashkari said in an interview with CBS’ “Face The Nation.” “What’s not clear to us is the extent to which these banking strains are leading to a generalized credit crunch,” he said.
An hour ago IMF says China’s economy shows signs of strong recovery Managing Director of the International Monetary Fund. Kristalina Georgieva said China was showing signs of a robust economic recovery. In remarks at the 2023 China Development Forum, Ms Georgieva said China’s economy was enjoying a strong rebound, with IMF January forecasts putting China’s … Read more
