Risk of a global recession is minimal, IMF economist says

One of the International Monetary Fund’s top economists signals little risk of a global recession, despite the ongoing rumblings of geopolitical uncertainty. The Washington DC-based institute this week nudged its global growth outlook slightly higher to 3.2% in 2024 and projects the same rate in 2025. “When we do the risk assessment around that baseline, … Read more

Teenage boy accused of Western Sydney Christ The Good Shepherd Church stabbing has finger severed

WARNING: Distressing content. The teenage boy accused of a stabbing attack during a service at a church in Western Sydney is undergoing surgery after his finger was severed in the incident. WATCH THE VIDEO ABOVE: Latest on Western Sydney church stabbing. Newsletters: Breaking news as it happens. Subscribe now Christian leader Bishop Mar Mari Emmanuel, … Read more

High company valuations a ‘worry,’ IMF’s capital markets chief says

Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States on April 16, 2024. Anadolu | … Read more

Honeywell dinged for doing too many things. How it gets back on track

Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We’re hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. Deutsche Bank downgraded Honeywell to hold from a buy rating and lowered the … Read more

Three teens charged with murder following stabbing near Doonside primary school in Sydney’s west

Three teenage boys have been charged with murder over the stabbing death of another teen near a school in Sydney’s west. The fatal stabbing occurred just before 3.40pm on Friday April 12, at Power St, Doonside, soon after students had left nearby Crawford Public School at the beginning of the autumn break. WATCH THE VIDEO … Read more

UAE denies cloud seeding took place before severe Dubai floods

A view of the street after heavy rainfall as adverse weather conditions affect daily life in Dubai. Anadolu | Anadolu | Getty Images The National Center of Meteorology (NCM), a government taskforce responsible for cloud seeding missions in the United Arab Emirates, denied reports that it carried out the weather modification technique in the runup … Read more

Adidas shares rise after first-quarter profit hike, improved outlook

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company said that it now expects currency-neutral … Read more

Major investigation as more than 500 dead horses found at property near Wagga Wagga

WARNING: Distressing content A major investigation has been launched after hundreds of dead horses were found at a property in the NSW Riverina region. More than 500 horse carcasses were found in a dry creek bed at the property, near Wagga Wagga. Newsletters: Breaking news as it happens. Subscribe now Wagga Wagga City Council said … Read more

Bank of Korea chief says won volatility a little ‘excessive’

The Bank of Korea will intervene to control currency volatility if needed, the central bank’s chief told CNBC, describing the recent market fluctuations as a little “excessive.” Central bank governor Rhee Chang-yong said external factors are fueling the Korean won‘s movement. “I think the recent movement is a little bit excessive judging from what we … Read more

What taxpayers can learn from the Biden, Harris 2023 tax returns

President Joe Biden and Vice President Kamala Harris deliver remarks about healthcare in Raleigh, North Carolina on March 26, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden and Vice President Kamala Harris released their annual tax returns Monday, and there are lessons within for average Americans, according to tax experts. The president … Read more