IMF cuts global growth outlook, warns high inflation threatens recession

WASHINGTON (Reuters) -The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.

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26-07-2022

SK Group plans $22 billion investment in U.S. high-tech sectors

WASHINGTON (Reuters) -South Korea's second-largest conglomerate SK Group on Tuesday said it plans $22 billion in new investments in the United States, in semiconductors, green energy and bioscience projects.

newspaper

26-07-2022

IMF cuts global growth forecasts, warns high inflation threatens recession

The International Monetary Fund cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world economy to the brink of recession if left unchecked.

newspaper

26-07-2022

SK Group $22 billion U.S. investment to create secure supply chains -White House

New investments by South Korean conglomerate SK Group in the United States announced on Tuesday is an example of successful efforts by the Biden administration to create more resilient and secure supply chains, the White House said on Tuesday.

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26-07-2022

China OKs jointly built civil helicopter but no nod yet for Airbus' version

BEIJING/SYDNEY (Reuters) -China has granted certification to the AC352 utility helicopter it is jointly producing with Airbus, state media said on Tuesday, even as the European planemaker awaits Beijing's nod to sell its foreign-made equivalent in the Asian nation.

newspaper

26-07-2022

China certifies new civil helicopter jointly developed with Airbus

China has certified for use a helicopter jointly developed by a state-run company and Airbus SE, state-controlled media reported on Tuesday.

newspaper

26-07-2022

Walmart 'train wreck' profit warning sends shares down 10%

NEW YORK (Reuters) -Top U.S. retailer Walmart Inc on Monday slashed its profit forecast as surging prices for food and fuel prompted customers to cut back on discretionary purchases, and its shares slid 10% in trading after the bell.

newspaper

25-07-2022

Walmart 'train wreck' profit warning sends shares diving 10% in late trade

NEW YORK (Reuters) -Top U.S. retailer Walmart Inc on Monday said its 2022 profits would drop much further than previously forecast as surging prices for food and fuel prompted customers to cut back on discretionary purchases, and its shares slid 10% in trading after the bell.

newspaper

25-07-2022

Walmart cuts profit forecast, blames food and fuel inflation

(Reuters) -Walmart Inc on Monday said it was cutting its forecast for full-year profit, due to pricing actions aimed to improve inventory levels at Walmart and Sam’s Club in the United States.

newspaper

25-07-2022