Eli Lilly’s drug tirzepatide was approved for weight loss by the FDA. Courtesy of Eli Lilly Patients who took Eli Lilly‘s weight loss drug Zepbound regained around half the weight they shed after stopping the newly approved treatment for a year, according to data released Monday. The data, which represents the full results from an … Read more
Commonwealth Bank is cutting almost 200 jobs across three Australian capital cities, blaming a downturn in retail banking, a union representing workers said. The Financial Sector Union said, following talks with Commonwealth Bank Australia, 192 jobs would be cut from Sydney, Melbourne and Perth in sectors including consumer finance, everyday banking, home buying operations and … Read more
NEW YORK — The holiday travel rush hit its peak Friday as mild weather and lower flight cancelation rates raised hopes for merrier drivers and airline passengers than last year. U.S. airlines are predicting a blockbuster holiday season and have projected confidence they can handle the crowds after hiring thousands of pilots, flight attendants and … Read more
HONG KONG — China released draft guidelines Friday aimed at curbing excessive spending on online gaming in the latest move by the ruling Communist Party to keep control of the virtual economy. The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong Kong. China’s gaming regulator, the National … Read more
Digital wallets such as Google Pay and Apple Pay would be regulated under draft laws released by the federal government. It is the next step in the government’s plan to modernise the nation’s payments system, which includes phasing out cheque payments by 2030. The plan is expected to go before parliament this year, so digital … Read more
The U.S. is running out of miners. More than half the nation’s mining workforce, about 221,000 workers, is expected to retire by 2029, according to the Society for Mining, Metallurgy & Exploration, and the number of candidates willing to fill those slots is shrinking. “Our workforce is aging,” said Bold Baatar, chief executive of copper at … Read more
Australian homeowners are now facing more mortgage stress than any other nation, an International Montetary Fund report suggests. Mortgage stress refers to when more than one-third of a household income is spent on mortgage repayments. WATCH THE VIDEO ABOVE: Australians under more mortgage stress than any other nation. For more Real Estate related news and … Read more
A worker heats the seal of a joint between two segments of pipe during construction of a section of an interconnector gas pipeline, linking the gas networks of Bulgaria and Serbia, on the outskirts of Sofia, Bulgaria, on Friday, Feb.24, 2023. Bulgaria has begun work on a new pipeline to neighboring Serbia that will enable … Read more
CNBC’s Jim Cramer looked back on the year of artificial intelligence and highlighted some ways it has affected the world. “The good news? Generative AI can’t do everything,” Cramer said on his Thursday show. “The bad news? What it can do, it does better than we’ll ever do, unless maybe you’re Einstein or Beethoven or … Read more
Australians may have a Christmas present waiting for them in the form of unclaimed money. More than $582 million worth of unclaimed money is waiting to be collected by over a million Australians, according to statistics released by the NSW state revenue. Much of the unclaimed funds come from uncashed cheques and payments, unclaimed refunds, … Read more
