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Jordan Times
29-07-2025
- Jordan Times
AstraZeneca quarterly net profit jumps on record US growth
LONDON — British pharmaceutical giant AstraZeneca on Tuesday said net profit rose 27 per cent in the second quarter, boosted by record growth in its key US market. Profit after tax rose to $2.45 billion in the three months to the end of June, the company said in an earnings statement, following its recently announced multi-billion-dollar investment in the United States. Total revenue climbed 12 per cent to a quarterly record of $14.5 billion, driven by strong cancer drug sales. Amid the threat of President Donald Trump's possible tariffs on pharmaceutical imports, AstraZeneca has unveiled plans to invest $50 billion in the US by 2030 and has already began moving some of its European production to the US. Chief executive Pascal Soriot said the "landmark investment reflects not only America's importance but also our confidence in our innovative medicines." The United States, a critical market for the pharmaceutical industry, accounted for 44 per cent of AstraZeneca's total revenue in the second quarter, with US revenue jumping a record 13 per cent. The company expects half of its revenue to come from the US by 2030. Trump has ordered an investigation into potential tariffs on pharmaceutical imports, which had so far benefited from exemptions to his sweeping levies on imports from trading partners. He suggested that levies on the sector could reach up to 200 per cent. Washington and Brussels announced a trade agreement on Sunday that places 15 per cent tariffs on pharmaceutical imports from the European Union to the US. Other major pharmaceutical companies — including Swiss giants Roche and Novartis, and France's Sanofi — have also begun shifting investment and production to the United States in recent months.

Ammon
17-07-2025
- Ammon
Europe's oldest lake settlement uncovered in Albania
Ammon News - Archaeologists working on the shores of Ohrid Lake in Albania are convinced they have uncovered the oldest human settlement built on a European lake, finding evidence of an organised hunting and farming community living up to 8,000 years ago. The team, from Switzerland and Albania, spends hours each day about three metres (9.8 feet) underwater, painstakingly retrieving wooden stilts that supported houses. The are also collecting bones of domesticated and wild animals, copper objects and ceramics, featuring detailed carvings. Albert Hafner, from the University of Bern, said similar settlements have been found in Alpine and Mediterranean regions, but the settlements in the village of Lin are half a millennium older, dating back between 6,000 and 8,000 years. "Because it is under water, the organic material is well-preserved and this allows us to find out what these people have been eating, what they have been planting," Hafner said. Multiple studies show that Lake Ohrid, shared by North Macedonia and Albania, is the oldest lake in Europe, at over one million years. The age of the findings is determined through radiocarbon dating and dendrochronology, which measures annual growth rings in trees. More than one thousand wood samples have been collected from the site, which may have hosted several hundred people. It is believed to cover around six hectares, but so far, only about 1% has been excavated after six years of work. Hafner said findings show that people who lived on the lake helped to spread agriculture and livestock to other parts of Europe. "They were still doing hunting and collecting things but the stable income for the nutrition was coming from the agriculture," he said. Albanian archaeologist Adrian Anastasi said it could take decades to fully explore the area. "(By) the way they had lived, eaten, hunted, fished and by the way the architecture was used to build their settlement we can say they were very smart for that time," Anastasi said. Reuters


Roya News
28-06-2025
- Roya News
Global cocaine production hits record high as drug use, deaths surge: UN
Global cocaine production reached an all-time high in 2023, driven by expanded coca cultivation and increased yields in Colombia, the United Nations Office on Drugs and Crime (UNODC) revealed in its annual report released Thursday. The surge in production is accompanied by rising cocaine use, soaring seizures, and a troubling rise in deaths worldwide. The report warns of a 'new era of global instability' that is fueling organized crime and pushing drug use to unprecedented levels. Cocaine is now the fastest-growing illicit drug market worldwide, with illegal production estimated at 3,708 tons in 2023 — a nearly 34 percent increase from the previous year. An estimated 25 million people worldwide used cocaine in 2023, up sharply from 17 million in 2013. Consumption remains highest in North America, Western and Central Europe, and South America, with wastewater analysis indicating sharp increases in European cities. Cocaine seizures in Western and Central Europe have outpaced those in North America for the fifth year running. Globally, cocaine seizures increased by 68 percent between 2019 and 2023, signaling intensified efforts to combat trafficking amid expanding markets. More broadly, drug consumption remains a critical global health challenge. In 2023, some 316 million people — or 6 percent of the world's population aged 15 to 64 — used illicit substances other than alcohol and tobacco, up from 5.2 percent in 2013. Drug use disorders continue to take a devastating toll, causing nearly half a million deaths annually and accounting for 28 million healthy years of life lost worldwide. Yet only one in 12 people suffering from such disorders received any form of treatment in 2023, according to the report. UNODC Executive Director Ghada Waly emphasized the urgent need for increased investment in prevention programs, stronger cross-border cooperation, and judicial efforts to dismantle criminal networks behind the drug trade. Cocaine use produces short-lived euphoria and bursts of energy but poses serious health risks including heart attacks, strokes, respiratory failure, and neurological damage. Its highly addictive nature often leads users into cycles of binge use and severe withdrawal. The UNODC report underscores the growing challenges faced by governments and communities worldwide in addressing the expanding cocaine crisis amid broader global instability.