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ZURICH, Sept 8 (Reuters) – Sandoz aims to more than double net sales from 2025 to 2035, the Swiss drug maker said on Tuesday at its capital markets day, where it outlined its new Bio100 biosimilars strategy, pivoting its focus from generics to biosimilars. “Our Bio100 ambitions are set to position biosimilars to become the majority of our sales,” Sandoz’s Chief Executive Richard Saynor said in a statement. Sandoz said it is also […]

By Leika Kihara TOKYO, Sept 8 (Reuters) – The last time Japan’s central bank lifted its main policy rate half a percentage point, prices were so hot the land the Imperial Palace sat on was said to be worth more than the combined real estate of California. That was 1989, the peak of Japan’s asset bubble that popped soon after, creating the economy’s “Lost Decade” – fast-forward 37 years and […]

MANILA, Sept 8 (Reuters) – Boxing great Manny Pacquiao spent decades throwing punches in the boxing ring. From Tuesday, the Filipino sports icon will direct his fight at a more enduring opponent: poverty. Pacquiao joined President Ferdinand Marcos Jr.’s cabinet on Tuesday as head of the government’s anti-poverty agency, vowing to help Filipinos facing hardships all too familiar to him. The 47-year-old former senator was appointed lead convener of the National […]

BEIJING, Sept 8 (Reuters) – China’s car exports stayed in high gear, albeit at a slower pace, in August as automakers led by BYD shipped a record number of vehicles overseas, in sharp contrast to a sluggish domestic market, where sales fell for the 11th month in a row. Passenger vehicle exports jumped 77.5% from a year earlier to 894,000 units in August, easing from an increase of 88.2% a […]

Sept 8 (Reuters) – World number 11 Arthur Fils has withdrawn from France’s Davis Cup tie against Canada, saying he needs to be cautious with his health after a physically demanding year. The 22-year-old’s decision follows a shock first-round defeat by Stefanos Tsitsipas at the U.S. Open, where he had been seen as one of the leading contenders after winning his first ATP Masters 1000 title at the Cincinnati Open […]

On Instagram feeds that are often teeming with curated, contrived content, a recent post from Monette Wagner stood out for her disarming openness. Looking into the camera, Wagner, a 36-year-old mother of three, said in the video: “Divorce can feel like a death.” In what resembles a digital journal, Wagner has posted videos in real time about the emotions and life changes that have come with her recent divorce. Developing […]

BANGKOK (AP) — China’s exports accelerated in August, jumping 25% from a year earlier on strong demand for autos and high-tech goods, its customs agency said Tuesday. The data came ahead of U.S. President Donald Trump’s planned meeting with Chinese leader Xi Jinping, set for late September, though Beijing has not yet confirmed the exact date for the visit. Exports grew 23.9% year-on-year in July. Imports climbed 28.2% in August […]

BANDAR ABBAS, Iran (AP) — In the Iranian port city of Bandar Abbas on the Strait of Hormuz, a waterfront once busy with boats, trucks and workers has fallen quiet. It’s a front line of the economic pain that the United States now hopes to intensify after six months of war. The Associated Press visited the city shaken by new U.S. airstrikes targeting coastal areas in the past week, and […]

NEW DELHI (AP) — The flash floods two weeks ago swallowed settlements and swept away roads and bridges in Nepal’s mountains and river valleys. Roughly 7,500 homes were destroyed, another 20,000 need rebuilding and at least 12 hydropower projects were damaged. The damage estimate so far of $2.56 billion is a staggering bill for a country with a total budget of $14 billion for the current fiscal year. The losses […]