January 16, Monday, 2023 (1:30 p.m.) Newsline

January 16, Monday, 2023 (1:30 p.m.) Newsline

1.The world Economic Forum will open its annual meeting in Davos, Switzerland, on Monday with the slogan “Cooperation in a fragmented world.” Participants are expected to discuss the impact on the world economy of the US-China standoff and Russia’s invasion of Ukraine. They are also expected to exchange views on what can be done to put the economy back on the globalization track.
2.Japanese pharmaceutical firm Eisai on Monday said it has applied to Japan’s health ministry for approval of its Alzheimer’s drug. The drug is designed to slow the progression of the neurodegenerative disease by reducing the accumulation of amyloid beta in the brains of Alzheimer’s patients. The abnormal protein is believed to induce neuronal cell death.
3.Bankruptcies of nursing care providers across Japan hit their highest level last year since 2000. Credit research firm Tokyo Shoko Research says 143 care providers went bankrupt in 2022. Businesses with fewer than 10 employees accounted for more than 80 percent of the bankruptcies.