Author: Grace Johnson

Swiss pharmaceutical giant Novartis has announced plans to acquire Avidity Biosciences in a $12 billion deal. The acquisition is expected to enhance Novartis’s position in the biotechnology sector and expand its research and development capabilities. Novartis officials said the acquisition aligns with the company’s strategy to invest in cutting-edge therapies and innovative platforms. “This move strengthens our pipeline and positions Novartis at the forefront of biotech innovation,” a company spokesperson said. Avidity Biosciences specializes in targeted therapies that address rare and complex diseases. By bringing these capabilities under Novartis’s umbrella, the pharmaceutical leader aims to accelerate research and bring new…

US President Donald Trump has announced an increase in tariffs on Canadian goods after Ontario aired an anti-tariff advertisement featuring former President Ronald Reagan. Trump blasted the ad as a “fraud” and accused Canadian officials of refusing to remove it before the World Series baseball championship. “Because of their serious misrepresentation of the facts, and hostile act, I am increasing the Tariff on Canada by 10% over and above what they are paying now,” he posted on social media on Saturday. Trade standoff intensifies between US and Canada Trump’s announcement followed his withdrawal from trade talks with Canada on Thursday,…

Beef prices in the United States have surged to record highs, turning a kitchen-table issue into a political showdown. Donald Trump, who once declared inflation “dead,” now faces mounting criticism as costly beef threatens his promise to bring grocery prices down. This week, he urged ranchers on social media to lower cattle prices. But his demand — and his administration’s proposals — have enraged ranchers who say the plans will hurt small producers while doing little to help consumers. A long decline in America’s cattle country The number of cattle ranchers in the US has fallen steadily for more than…

US President Donald Trump will meet Chinese President Xi Jinping in South Korea on 30 October. The White House confirmed the meeting, which will take place on the sidelines of a major regional summit. The plan has been in the works for several weeks, but rising tensions between Washington and Beijing nearly derailed it. It will be the first in-person meeting between the two leaders since Trump’s return to the White House. Trump has warned he will impose a 100% tariff on Chinese imports in November if Beijing fails to relax its new restrictions on rare earth exports. White House…

Tesla achieved its highest-ever quarterly revenue, yet profits fell sharply. Rising tariffs, growing research costs, and mounting competition pressured the company despite strong sales. Revenue surges as profits decline For the quarter ending September, Tesla reported $28 billion (£21 billion) in revenue, up 12% from last year. Profits dropped 37%, weighed down by tariffs and increased spending on research and development. Investors reacted cautiously. Tesla shares fell 3.8% in after-hours trading. Despite this, the company maintains a market value of around $1.4 trillion, supported by confidence in Elon Musk’s ambitions in AI and robotics. Federal tax credits drive US sales…

Donald Trump said he did not want a “wasted meeting” after cancelling plans for direct talks with Russian President Vladimir Putin about the war in Ukraine. Speaking at the White House on Tuesday, the US president said Moscow’s refusal to halt fighting along the current front line remained the main obstacle to progress. White House ends Budapest summit plan A White House official confirmed there were “no plans” for a Trump-Putin meeting “in the immediate future.” The announcement came just days after Trump had said both leaders would meet in Budapest within two weeks. Sharp differences between Washington and Moscow…

Amazon Web Services (AWS) announced late Monday that it had resolved a major outage that crippled thousands of websites and apps across the globe for much of the day. More than 1,000 platforms — including Snapchat and leading banks such as Lloyds and Halifax — went offline due to failures in Amazon’s US-based cloud network. Global tracker Downdetector logged more than 11 million reports of service disruptions during the incident. Technology experts said the breakdown exposed the dangerous level of dependency the world has on a few powerful cloud providers. One technical glitch, millions affected Professor Alan Woodward from the…

It took 11 long months and 35 turbulent games for Rúben Amorim to reach this moment. The Portuguese coach had once admitted his side might be “the worst Manchester United team in history.” His future looked fragile, his confidence shaken, and only Sir Jim Ratcliffe’s public backing kept him in the job. Then came Anfield — football’s fiercest battleground. There, Amorim’s men finally looked like Manchester United again. A win carved from courage and conviction This was no lucky escape like last December’s surprise at Manchester City. United showed poise, power, and purpose from the first whistle. Bryan Mbeumo’s early…

When Kerry Dunstan and his partner started looking for an electric car this summer, one question topped their list: “How’s the battery?” They soon found a 2021 Nissan Leaf with 29,000 miles on the clock. The dealer said its state of health (SOH) was still at 93%. That was enough to convince them. For £12,500, they bought a roomy electric car with space for passengers and luggage. Dunstan, a cabinetmaker who also drives a sleek electric Volvo SUV, admits the Leaf doesn’t thrill him. “I like cars with energy and flair – this one’s a bit plain,” he says. Still,…

Lamborghini’s chief executive says the brand’s future still belongs to the roar and emotion of petrol engines. The Italian supercar maker plans to keep combustion alive for at least another decade before turning fully electric. Fading hype around electric dreams At Lamborghini’s London showroom, CEO Stephan Winkelmann said interest in electric vehicles is falling. He sees this as a chance to strengthen Lamborghini’s focus on hybrid innovation instead of pure electric power. Within weeks, the company will decide whether its upcoming grand tourer, the Lanzador, will be fully electric or a plug-in hybrid. Winkelmann said Lamborghini remains socially responsible but…