Category: finance
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France Urges EU to Sanction Shein Amid Controversy Over Childlike Sex Dolls and Non-Compliant Products
PARIS / BRUSSELS, November 6, 2025 – The French government has formally urged the European Union to take decisive action against Chinese e-commerce giant Shein, following an uproar over the sale of childlike sex dolls and other non-compliant products on its French website. French officials, including Foreign Minister Jean-Noel Barrot and junior digital minister Anne
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European Commission to Meet Shein Following French Call for Investigation
BRUSSELS, November 7, 2025 – The European Commission announced that it will meet representatives of Chinese e-commerce giant Shein on Friday following a call by the French government for an investigation into the company’s online marketplace. The French authorities raised concerns over Shein allegedly selling child-like sex dolls and banned weapons on its platform, prompting
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Atlanta United Set to Rehire Tata Martino as Head Coach Amid MLS Rebuilding Plans
Atlanta United FC is reportedly finalizing a deal to bring back Gerardo “Tata” Martino as head coach, according to multiple sources, including The Athletic. This anticipated move marks a high-profile return for the Argentine manager, who previously guided the club to its first and only MLS Cup title in 2018. Tata Martino: Returning to Atlanta
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Merck Secures $700 Million Funding from Blackstone to Advance Experimental Cancer Therapy
Merck & Co. Inc. (NYSE: MRK), a global leader in pharmaceuticals and oncology research, announced on Tuesday a landmark funding agreement with Blackstone Life Sciences (NYSE: BX) to secure $700 million for the development of its experimental cancer therapy, sac-TMT. This strategic partnership underscores Merck’s commitment to innovation in the field of oncology and its
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Eli Lilly Advances Experimental Obesity Drug Eloralintide to Late-Stage Trials
Pharmaceutical giant Eli Lilly (LLY.N) announced on Thursday that it will begin late-stage clinical trials of its experimental obesity drug, eloralintide, next month following promising results from a mid-stage trial that demonstrated weight loss of up to 20.1% in patients. Shares of Eli Lilly rose nearly 2% in premarket trading on the news. Breakthrough in
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Moderna Lowers 2025 Revenue Forecast on Weak COVID Vaccine Sales
November 6, 2025 – Moderna (MRNA.O) trimmed the top end of its 2025 revenue forecast by $200 million on Thursday, citing weaker-than-expected sales of its COVID-19 vaccine in the U.S. amid limited access and changing public health guidance. The company now expects annual revenue of $1.6 billion to $2 billion, down from the previous range
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Brembo Lowers 2025 Revenue Forecast but Maintains Profit Margin Target
November 6, 2025 – Italian premium brake manufacturer Brembo (BRBI.MI) said on Thursday that its 2025 revenue is expected to decline by 2%, revising down its previous guidance which anticipated revenue to be in line with 2024. The adjustment comes amid an unstable geopolitical and macroeconomic environment affecting global automotive markets. Despite the revenue downgrade,
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Irish Regulator Fines Coinbase Europe €21.5 Million Over Anti-Money Laundering Failures
Dublin, November 6, 2025 – Ireland’s central bank has fined Coinbase Europe, a subsidiary of cryptocurrency exchange Coinbase Global (COIN.O), €21.5 million ($25 million) for failing to properly monitor transactions in compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. The fine stems from faults in Coinbase Europe’s transaction monitoring system, which left more
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BoE Governor Andrew Bailey Signals Gradual Downward Path for Bank Rates
London, November 6, 2025 – Bank of England (BoE) Governor Andrew Bailey indicated on Thursday that the Bank Rate is likely to follow a gradual downward trajectory, following the central bank’s narrow 5-4 vote to hold rates at 4.0%. Speaking at a press conference, Bailey emphasized the BoE’s cautious approach to monetary policy amid persistent
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Sterling Eases After BoE Holds Rates, Norwegian Krone Gains on Norges Bank Decision
London, November 6, 2025 – Sterling trimmed earlier gains on Thursday after the Bank of England (BoE) kept interest rates unchanged, while Norway’s krone rose following the Norges Bank’s decision to maintain rates. The dollar also eased as improved risk sentiment reduced demand for safe-haven assets. Sterling traded 0.21% higher at $1.3080, down from earlier
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