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IMF lifts growth outlook on more benign tariffs as revived US-China trade war looms

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund edged up its 2025 global growth forecast on Tuesday as tariff shocks and financial conditions have proven more benign than expected, but warned that a renewed U.S.-China trade war threatened by ...
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European growth to hold up but at an increasing fiscal cost, IMF says

FRANKFURT (Reuters) -Euro zone economic growth will hold up despite a drag from U.S. tariffs but this will come at a cost of higher government spending and rising debt, the International Monetary Fund said on Tuesday in an update ...
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India’s Infosys wins $1.6 billion deal from UK’s National Health Service

(Reuters) -Indian software services provider Infosys said on Tuesday it has received a contract worth 1.2 billion pounds ($1.59 billion) from UK’s National Health Services Business Services Authority to replace its existing payroll platform. The 15-year deal marks a major ...
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Police looking to identify apparently abducted woman and possible kidnapper in video of possible abduction

(NEW YORK) -- Police in Kansas are asking the public for help in identifying a woman who was seen on surveillance video being taken by force by an unidentified man, according to authorities.The Wichita Police Department said that the ...
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GM to take a $1.6 billion hit as tax incentives for EVs are slashed and emission rules ease

General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell ...
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Instagram says it’s safeguarding teens by limiting them to PG-13 content

Teenagers on Instagram will be restricted to seeing PG-13 content by default and won’t be able to change their settings without a parent’s permission, Meta announced on Tuesday. This means kids using teen-specific accounts will see photos and videos on ...
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Trump set to posthumously award Charlie Kirk the Presidential Medal of Freedom

(WASHINGTON) -- President Donald Trump on Tuesday is expected to posthumously award conservative activist Charlie Kirk the nation's highest civilian honor, the Presidential Medal of Freedom.Kirk was fatally shot on Sept. 10 while speaking at Utah Valley University on ...
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Albertsons raises annual profit forecast on steady grocery demand

(Reuters) -Albertsons raised its annual profit and sales forecast on Tuesday, citing steady demand for essential groceries and pharmacy products despite tight consumer budgets. Shares were up 5% in premarket trading after the company also raised its share buy-back ...
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Goldman’s profit beats estimates as dealmaking rebound boosts investment banking

By Ateev Bhandari and Saeed Azhar (Reuters) -Goldman Sachs beat Wall Street expectations for third-quarter profit on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. The bank’s prediction for a banner ...
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JPMorgan lifts interest income forecast after profit beats estimates

By Manya Saini and Nupur Anand (Reuters) -JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter profit . Economic resilience despite tariff ...
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Exclusive-India accuses Balaji Amines of making pharma-grade chemical without a drug-making licence

By Krishna N. Das and Aditya Kalra NEW DELHI (Reuters) -Indian authorities have accused Balaji Amines of producing pharmaceutical-grade propylene glycol without a drug manufacturing licence, after some batches were found to be substandard, government documents show Propylene glycol or PG ...
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BioCryst to buy Astria Therapeutics in $700 million deal

(Reuters) -BioCryst Pharmaceuticals said on Tuesday it would buy Astria Therapeutics in a cash-and-stock deal valued at about $700 million, as it looks to expand its portfolio of treatments for rare diseases. The offer implies a per-share value of $13, ...
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