Boeing sells small defense surveillance unit to Thales
(Reuters) -Boeing closed a deal this month to sell a small defense subsidiary that makes surveillance equipment for the U.S.…
Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
By Aditya Kalra NEW DELHI (Reuters) – India’s biggest group of retail distributors has asked the antitrust authority to investigate…
US lawmakers call for investigation into McKinsey’s China ties
A group of US lawmakers, including Congressman John Moolenaar, Senator Marco Rubio, and Senator Joni Ernst, have called for an…
World Bank report on poverty: 700 million people are surviving on less than $1.90 a day
A recent report from the World Bank highlights a pressing global issue: 8.5% of the world’s population—approximately 700 million people—live…
Bank of Canada faces tough choice between 25 bps and 50 bps rate cuts
The Bank of Canada (BoC) is at a crossroads as it prepares for a pivotal decision next week regarding interest…
Dollar riding return of ‘Trump Trade,’ but gains will likely be fleeting: UBS
Investing.com — The dollar has enjoyed a boost from the return of the “Trump trade” as Republican presidential candidate Donald…
Fed’s Bostic says he is in no rush to get rates down to neutral
(Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make…
Meta releases AI model that can check other AI models’ work
By Katie Paul NEW YORK – Facebook (NASDAQ:META) owner Meta said on Friday it was releasing a batch of new…
Fed to cut twice more this year as worries about recent strong data ‘overdone’
Investing.com — The recent wave of stronger-than-expected economic data has cast doubt on the rate cut path ahead, but these worries are…
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
By David Lawder WASHINGTON (Reuters) – The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside…