Patents on semaglutide—the active ingredient in Wegovy and Ozempic, the widely popular weight-loss treatments made by Novo Nordisk, a Danish pharma giant, are due to expire next year.—economist.com
Author: EconEye Admin
How Does Prize Money Work in Tennis?
Tennis players participating in tournaments are compensated based on the round in which they lose, with payouts escalating exponentially as the player continues to win. A first-round loser at the 2025 Miami Open received $23,760, the tournament runner-up won $598,000, and the champion won $1.12 million.—sportico.com The Darker Side of Tennis Players’ Earnings Tennis has … Continue reading How Does Prize Money Work in Tennis?
Tourism in Thailand and the Strengthening Baht
Following the appreciation of baht by 4.5% so far this year, the Tourism Authority of Thailand projects that foreign tourist arrivals will decrease by around 6% this year.—nationalthailand.com
Women are Leaving the Workforce at Alarming Rates
Rising childcare costs and overwhelming work demands have forced many women, including executives, to leave their jobs to focus on family and self-care—a trend that risks stifling U.S. economic growth. An estimated 455,000 women left the workforce between January and August this year.—cnn.com
Income Tax Thresholds in the UK
In 2022, the UK froze income tax thresholds instead of raising them each year in line with inflation. The current Chancellor (Finance Minister) is being advised to extend the freeze for another two years.—theguardian.com
The Indian Rupee Fell to a Historic Low
India’s currency fell to a historic low of 88.62 rupees per U.S. dollar on September 23 as higher U.S. visa fees hurt India’s IT sector and prompted foreigners to sell Indian stocks. Additionally, the United States imposed tariffs of up to 50% on Indian goods.—khaleejtimes.com
China’s GDP Growth Set to Dip, Raising Pressure for More Stimulus
China’s economy is expected to grow by 4.8% from July to September, the slowest growth since the third quarter of 2024. The People’s Bank of China is expected to lower the required reserve ratio by 20 basis points.—reuters.com A basis point is one hundredth of one percentage point.
Economic Growth in the UK
UK’s economic growth rate is expected to remain modest at 1.3% in 2025. On a per head basis the economic output is only set to grow 0.4% this year.—bbc.com
Minimum Wage Rise Risks Job Cuts and Inflation
The Isle of Man plans to raise the hourly minimum wage from £12.25 to £13.46 in April. A Chamber of Commerce survey found that 21% of firms may cut staff and 8% may freeze hiring. Prices are expected to rise too.—bbc.com, The currency of the Isle of Man is the Manx pound, which shares the … Continue reading Minimum Wage Rise Risks Job Cuts and Inflation
Tax Cuts in India
On September 29, 2025, life-saving drugs will become tax free in India and the goods and services (GST) tax on discretionary items like TVs will drop from 28% to 18%.—bbc.com