FDA Asks More Companies To Recall Diabetes Drug Metformin

Following the recall of type 2 diabetes medication Metformin Hydrochloride Extended-Release (ER) by Apotex last week, the U.S. Food and Drug Administration or FDA has recommended more pharmaceutical companies, who are manufacturers of the drug formulation, to recall their products. The agency had announced in a May 29 conference call the names of the five companies that have been contacted […]

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Australia Keeps Rates On Hold

Australia’s central bank left its key interest rate and the target yield on three-year government bonds unchanged on Tuesday, as policymakers expect the economic downturn to be less severe than expected earlier. At the monetary policy meeting, the board of Reserve Bank of Australia, governed by Philip Lowe, decided to maintain cash rate and the targeted yield on three-year government […]

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SAG-AFTRA President Gabrielle Carteris Decries Attacks On Reporters Covering Protests

SAG-AFTRA president Gabrielle Carteris on Monday condemned attacks on journalists covering the nationwide protests – whether at the hands of police or protesters. “Over the past week, we have witnessed numerous attacks on journalists during the protests that grip our nation,” she said in a message today to the union’s broadcasters. “Dozens of journalists have been injured, harassed or detained […]

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The latest jobs report means the worst could be behind us

New York (CNN Business)The longest economic expansion in American history is officially over. The National Bureau of Economic Research declared Monday that the recession began in February. The economy collapsed so rapidly that NBER wasted no time in announcing a recession, a stark contrast to previous downturns when the body took upwards of a year to declare what most people […]

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India’s economy to shrink by 3.2% in FY21: World Bank

However, the Indian economy is expected to bounce back in 2021, the World Bank said. India’s economy will shrink by 3.2 per cent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown halting economic activity. The Washington-based multilateral […]

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Dunkin’ Plans To Hire About 25,000 Employees

Dunkin’ Brands said it plans to hire up to 25,000 new employees at its restaurants as the U.S. economy begins to reopen from coronavirus-induced lockdowns. The jobs will range from front-counter to restaurant management, the coffee and baked goods chain noted. Dunkin’s hiring spree comes even as the restaurant industry, the second-largest private-sector employer in the U.S., is among the […]

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