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Date: 22-mar-2025 | By: Nuztrend Team
In a strategic move to bolster its presence in Asia, AstraZeneca, the UK's largest pharmaceutical company, has announced a $2.5 billion investment in Beijing. This initiative aims to establish a sixth global strategic research and development center, underscoring China's importance as AstraZeneca's second-largest market. This decision follows the company's recent cancellation of a £450 million expansion plan for its vaccines plant in Liverpool, UK. Despite challenges, including the arrest of its China president, Leon Wang, AstraZeneca remains committed to innovation and global efforts to deliver new medicines.
Governments worldwide are grappling with escalating debt servicing costs, reaching levels not seen since 2007. According to the OECD, interest payments now account for 3.3% of GDP across its 38 member economies, up from 2.4% in 2021. This surge is attributed to rising bond yields and increasing sovereign and corporate indebtedness, raising concerns about the sustainability of such fiscal trajectories. In the United States, interest payments have reached 4.7% of GDP, prompting measures to cut federal programs. Despite these challenges, global debt issuance continues, with OECD countries expected to issue $17 trillion in 2025.
The OECD has warned that ongoing trade tensions, particularly those initiated by President Trump's trade policies, are hindering global economic growth and fueling inflation. The organization's latest report downgrades forecasts for economies including the US, Canada, Mexico, the UK, and China for this year and the next. The escalating trade tensions, especially plans to impose significant tariffs on imports from Canada and Mexico, could push Mexico into a recession and substantially lower growth expectations for Canada and the US. The OECD emphasizes that higher trade barriers are undermining progress in reducing inflation and urges governments to collaborate to avoid increasing trade restrictions that would negatively affect living standards.
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Date: 22-Mar-2025
Gold prices on March 22, 2025, witnessed a marginal dip across major cities in India. Check the latest 22K and 24K gold rates in your city with detailed insights.
Date: 24-Mar-2025
The Indian stock market opened positively on March 24, 2025, with both Sensex and Nifty witnessing gains led by energy, infrastructure, and power sectors.
