Read the latest news from regional and global sources, presenting different voices and perspectives.
Wegovy maker Novo’s profit warning wipes out $70B in market value after shares plunge 30%
New York Post
·
July 29, 2025
Investors wiped $70 billion off Novo Nordisk’s market value on Tuesday after the maker of weight-loss drug Wegovy issued a profit warning and named a new CEO, as it battles rising competition in the obesity drug market. Novo named Maziar Mike...
Production Is Now Fully Underway At KTM’s Austrian Factory
Adventure Rider
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July 29, 2025
Months after management announced KTM’s impending bankruptcy, and weeks after announcing Bajaj’s takeover, the Austrian-based motorcycle manufacturer says its production lines in its hometown of Mattighofen are now running full-time. It’s a huge...
Germany backs further sanctions on Israeli settlers
The National News
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Germany is committed to imposing sanctions against more Israeli settlers for violence committed in the occupied West Bank, its Foreign Minister said while visiting the Palestinian territory on Friday. Palestinian President Mahmoud Abbas met German...
Former official in Vienna sent to prison for 8 years
The Vindicator - Ohio
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WARREN — Linda McCullough will have the next eight years to think about her actions. That’s because McCullough, who served as Vienna’s fiscal officer from 2019 to early 2024, was sentenced to a total of eight years in prison Tuesday morning to be...
Russian espionage and influence operations are pushing Austria toward closer ties with NATO
The Odessa Journal
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Austria, which has adhered to a policy of neutrality for decades, is increasingly reconsidering its security strategy amid the growing threat from Russia. Moscow’s espionage activities, cyberattacks, and extensive influence operations have become...
Austria is considering abandoning neutrality amid Russian threats
The Odessa Journal
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Main image: Austria’s Foreign Minister Beate Meinl-Reisinger, by Michael Gruber/BMEIA Austria may reconsider its traditional neutrality amid growing threats from Russia and increasing global instability, said Austria’s Foreign Minister Beate...
Oil market outlook bright: Minister
Kuwait Times
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July 29, 2025
Kuwait endorses OPEC+ strategy shift, with officials citing signs of sustained global demand KUWAIT: Kuwait’s Oil Minister Tareq Al-Roumi voiced optimism about the future of the global oil market during the 61st OPEC+ ministerial meeting, saying...
Billy Joel Releases 'And So It Goes' Documentary Musical Companion
RTTNews
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July 29, 2025
Billy Joel has released a 100-track album, Billy Joel: And So It Goes, a digital only companion piece that coincides with the release of the two-part documentary that explores his life and music. The album will mirror the tracks from the film...
Ozempic Maker Novo Nordisk’s Market Value Drops $93 Billion
The Business of Fashion
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July 29, 2025
Novo Nordisk named its head of international operations as chief executive officer after slumping weight-loss drug sales led to a profit warning that wiped $93 billion off its market value. The Danish drugmaker promoted Maziar Mike Doustdar, who...
Why Kenya's affordable housing push must prioritise security, comfort
The Standard
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Kenya’s affordable housing programme is gaining momentum, with thousands of units under construction and more planned. As a key pillar of the Bottom-Up Economic Transformation Agenda, it promises to reduce the housing deficit, create jobs, and...
Austrian ex-foreign minister says anti-Zelensky protests could have Western orchestrators
TASS
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July 28, 2025
MOSCOW, July 28. /TASS/. The ongoing protests in Ukraine over a law signed by Vladimir Zelensky may not be entirely organic and could have been influenced by Western countries, Karin Kneissl, ex-Austrian foreign minister and head of the...
Low oil prices to pound economies of Mideast, African producers: report
Hellenic Shipping News
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July 29, 2025
Oil-dependent countries in the Middle East and Africa will see low crude prices hammer their fiscal positions in 2025, with only the UAE and gas-rich Qatar able to break even at current levels, according to a new report from S&P Global Market...
Car shop owner well known
The Times Gazette - Ohio
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August 1, 2025
Editor’s note — We’re continuing our tradition of taking a look back each Saturday at some of the important, interesting or even odd events as they were reported during the same week throughout the years, along with interesting advertising...
From factory to field: How energy storage innovations are responding to Europe’s C&I segment
pv-magazine
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August 1, 2025
Market dynamics, C&I momentum and installer demands The European solar market is undergoing a notable redistribution of installed capacity. While the residential segment has experienced a surge after the energy crisis, 2025 projections point to...
Learnings from Spotify’s Q2 2025 earnings call… including what the company (didn’t) say about that long-awaited ‘Music Pro’ tier
Music Business Worldwide
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July 29, 2025
Spotify posted solid Q2 2025 results today (July 29), with the streaming giant adding 8 million net subscribers to finish June with 276 million paying customers. SPOT also added 18 million monthly active users in the period to reach 696 million,...
Ozempic maker’s shares plunge $70bn as copycats gobble up market share
Irish Independent
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Novo Nordisk became Europe's most valuable listed company following the launch of Wegovy in 2021 Investors knocked $70bn off Novo Nordisk's market value on Tuesday after the maker of weight-loss drug Wegovy issued a profit warning and named a new...
Does Airbus Build Fighter Jets? The Company's Military Projects, Explored
SlashGear
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July 29, 2025
Known as one of the world's premier aircraft manufacturers, Airbus produces more than popular passenger jets like the A320. In fact, Europe's largest aerospace company offers its clients a diverse portfolio of aircraft, ranging from commercial...
Austria Discusses Dropping Neutrality in Response to Russian Threat
Militarnyi
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The Austrian government is open to discussing possible NATO membership and abandoning the country’s neutral status enshrined in its constitution. Deutsche Welle reported on this. “Clearly, neutrality alone will not protect us. Against the backdrop...
INVL Renewable Energy Fund I secures new Kommunalkredit financing for solar energy projects
Energy Global
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July 29, 2025
The INVL Renewable Energy Fund I, which is managed by INVL Asset Management and invests in renewable energy projects, signed a new €29.3 million loan agreement with Kommunalkredit Austria AG. The proceeds of the loan will be used to finance the...
Fundraising News for August 01, 2025
Fintech Review
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August 1, 2025
Several fintech companies have recently secured significant funding. Ramp, an expense management startup, has impressively bagged $500M in a Series E-2 round, raising its valuation to a hefty $22.5 billion. In contrast, Substack, a newsletter...