Global economy’s growing resilience at odds with rate cut expectations: Reuters poll

By Hari Kishan BENGALURU (Reuters) – Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts.  While most major central banks were successful last year in taming sky-rocketing…

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McDonald’s posts surprise drop in quarterly global sales as spending slows

(Reuters) -McDonald’s reported a surprise drop in quarterly global comparable sales on Monday, as the burger giant struggled to hold back budget-strapped customers from opting for cheaper meals at home. Global sales fell 1% in the second quarter, its first decline in 13 quarters, compared with analysts’ average estimate of a 0.53% rise, according to…

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Abbott shares slide after trial verdict, weigh on rival Reckitt Benckiser

(Reuters) -Abbott Laboratories’ shares fell nearly 7% premarket, while British peer Reckitt Benckiser slumped 9% on Monday, after the U.S. healthcare firm was ordered to pay $495 million in damages related to its formula for premature infants. A jury late on Friday found Abbott’s specialized formula for premature infants caused an Illinois girl to develop…

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Exclusive-Boeing asks suppliers for decade-long titanium paper trail as check for forgeries widens

By Allison Lampert and David Shepardson WASHINGTON (Reuters) -Boeing is asking suppliers to disclose records on Chinese titanium since 2014, according to a letter seen by Reuters, as the U.S. planemaker widens checks for false paperwork used to authenticate the metal used in commercial jets. Regulators said in June they were investigating whether false or…

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US House panel calls on CrowdStrike CEO to testify on outage, Washington Post reports

WASHINGTON (Reuters) – U.S. House of Representatives Homeland Security Committee has called on CrowdStrike CEO George Kurtz to testify about a recent massive global outage, the Washington Post reported on Monday, citing a letter by the congressional panel. CrowdStrike’s glitchy update to its security software crashed computers powered by Microsoft’s Windows operating system, disrupting internet…

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Hollywood donors drop ‘Dembargo’ as celebrities back Harris

By Lisa Richwine, Dawn Chmielewski and Danielle Broadway LOS ANGELES (Reuters) – A Hollywood “Dembargo” on political donations has ended, as key fundraisers and celebrities from rapper Cardi B, Oscar winner Jamie Lee Curtis and TV producer Shonda Rhimes endorsed Kamala Harris as the next Democratic nominee for U.S. president. Relief and excitement spread across…

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