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Technology

After decades, FDA finally moves to pull ineffective decongestant off shelves

In a long-sought move, the Food and Drug Administration on Thursday formally began the process of abandoning oral doses of a common over-the-counter decongestant, which the agency concluded last year is not effective at relieving stuffy noses. Specifically, the FDA issued a proposed order to remove oral phenylephrine from the list of drugs that drugmakers […]

World News

Governing BDP party loses power after nearly six decades

Voters in Botswana have rejected the country’s long-serving governing party in a result that marks a political earthquake in the diamond-rich southern African nation. The Botswana Democratic Party (BDP) – in power since independence in 1966 – has won only one parliamentary seat as of early Friday morning, election results so far show. President Mokgweetsi […]

Business & Finance

Two decades of EM bond history

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s now almost exactly a quarter-century since the economists Barry Eichengreen and Ricardo Hausmann first argued that the “original sin” of the developing world was borrowing in overseas currencies like the dollar. For centuries, this […]