Finance

Exclusive-German economic institutes revise up 2025 growth forecast to 0.2%, sources say

Exclusive-German economic institutes revise up 2025 growth forecast to 0.2%, sources say

By Klaus Lauer and Holger Hansen BERLIN (Reuters) -Five leading German economic institutes have nudged their 2025 growth forecast for Europe’s largest economy up to 0.2% and predicted furthe...

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CVS Health subsidiary Omnicare files for Ch. 11 bankruptcy protection

CVS Health subsidiary Omnicare files for Ch. 11 bankruptcy protection

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection two months after the long-term care business was ordered to pay $949 million when a federal court found it liable for ...

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Indian EV startup Ultraviolette open to licensing battery tech to add revenue stream

Indian EV startup Ultraviolette open to licensing battery tech to add revenue stream

By Akash Sriram BENGALURU (Reuters) -Electric two-wheeler startup Ultraviolette Automotive said on Tuesday it is open to licensing its battery technology, as the Qualcomm and TVS Motor‑backed comp...

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The cost of major company U-turns

The cost of major company U-turns

Going back on a decision can be awkward. Especially if you’re a multi-billion-dollar company — caught in a political firestorm — with investors analysing every word. Such is the pickle that Disney...

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Tariffs Will Hit Slowing U.S. Economy Hard in 2026, OECD Says

Tariffs Will Hit Slowing U.S. Economy Hard in 2026, OECD Says

Shipping containers in Baltimore, Maryland. – Jim Watson/AFP/Getty Images The U.S. and global economies are set to slow less sharply this year than previously expected, but will continu...

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McKesson lifts annual profit forecast on plans to focus on high-margin businesses

McKesson lifts annual profit forecast on plans to focus on high-margin businesses

By Mrinalika Roy and Kamal Choudhury (Reuters) -McKesson on Tuesday raised its profit forecast, as the U.S. drug distributor aims to focus on high-margin businesses such as cancer medicines to boo...

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