Month : October 2023

Business

Sandoz’s stock market entry sees high hopes meet sobering reality

omandailynews.com
Sandoz’s entrance into the stock market on Wednesday faced a chillier reception than expected. The biosimilar and generic drugmaker, which recently parted ways from Swiss healthcare behemoth Novartis, began trading at a valuation of 10.3 billion Swiss francs ($11.2 billion). This valuation disappointed many, especially considering that analysts had predicted figures ranging......
Health

Bar-Ilan University introduces game-changing blood sugar monitor for smartphones

omandailynews.com
A trailblazing development from Bar-Ilan University’s Faculty of Engineering is revolutionizing the world of health tech. Professor Doron Naveh and his team have unveiled a compact device that holds the promise of replacing traditionally bulky optical sensing devices. This innovative gadget is primed to facilitate blood sugar readings through smartphones. Image used......
Business

Post-holiday blues hit Hong Kong’s Chinese equities as economic concerns rise

omandailynews.com
Chinese stocks in Hong Kong faced a significant downturn as trading restarted after the holiday. This decline was influenced by an overarching risk-averse sentiment throughout the region and escalating concerns about China’s economic prospects. The Hang Seng China Enterprises Index, a barometer of China’s business health, dropped by 3.2%, its......
Travel

Finland blazes a trail with the world’s first digital passport system

omandailynews.com
As digital transformation sweeps across various sectors, the travel industry is not far behind. The latest innovation? Digital passports, with Finland leading the charge. Departing Finnish travelers flying from Helsinki to the UK can now opt for a mobile-based digital ID, ditching the traditional passport, as reported by Euronews. This pioneering......
Business

World Bank’s revised outlook for East Asia reflects China’s economic hurdles

omandailynews.com
Amid concerns about China’s economic stability and diminished global demand, the World Bank has revised its growth projections for developing East Asia and the Pacific. The bank’s most recent assessment, unveiled in its Monday report from Asia, predicts the region will see a 5% growth in 2023, a modest decline from the......
News

Amazon drought results in over 100 dolphin deaths

omandailynews.com
In an alarming revelation, more than 100 dolphins have met their tragic end in Brazil’s Amazon Rainforest due to the region’s most severe droughts, coupled with scorching water temperatures. The Mamirauá Institute for Sustainable Development, a reputable research institution funded by the Brazilian Ministry of Science, Technology, and Innovation, uncovered these lifeless......