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India’s Axis Bank posts Q2 profit beat on strong credit demand

By Nishit Navin BENGALURU (Reuters) – India’s Axis Bank reported a higher-than-expected second-quarter profit on Thursday, helped by an increase in core lending income. The country’s fourth-largest private lender by market value said its standalone net profit, which excludes its subsidiaries, rose 18% to 69.18 billion rupees ($823.25 million) for the quarter ended Sept. 30. …

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Infosys, Wipro revenue forecasts fail to impress investors

By VarunVyas Hebbalalu, Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Indian software services providers Infosys and Wipro issued revenue forecasts below analysts’ expectations, suggesting a broad-based recovery in global tech spending was yet to take hold. U.S.-listed shares of Infosys, which have gained more than 35% in the past six months, fell 2.5% as …

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Cuba accuses US of half-hearted investigation into 2023 embassy attack

By Dave Sherwood HAVANA (Reuters) – Cuba accused the United States late on Wednesday of a half-hearted investigation into a 2023 attack on the Communist-run nation’s embassy in Washington, D.C., further souring already-bitter relations between the neighboring countries. A man in dark clothing hurled two Molotov cocktails at the Cuban embassy in Washington in September …

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Boeing strike, Hurricane Helene weigh on US industrial production

WASHINGTON (Reuters) – U.S. industrial production fell in September, weighed down by a strike at Boeing and two hurricanes, including Helene. Industrial output dropped 0.3% last month after a downwardly revised 0.3% gain August, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast industrial production falling 0.2% after a previously reported 0.8% …

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UniCredit inks jobs deal with unions in corporate centre downsizing

By Valentina Za MILAN (Reuters) -Italy’s second-biggest bank UniCredit has reached an agreement with labour unions to send 1,000 staff into early retirement and replace half of them with new hires, unions said on Thursday. The move, sources have previously told Reuters, forms part of CEO Andrea Orcel’s strategy aimed at slimming down the corporate …

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Italy in talks with Westinghouse, EDF for nuclear plants, minister says

ROME (Reuters) -Italy is in talks with several companies including U.S. energy group Westinghouse and France’s EDF as potential partners for a state-backed company that will build advanced nuclear reactors in the country, Energy Minister Gilberto Pichetto Fratin said. “The scale of investment in nuclear power requires cooperation with several international players,” he told reporters, …

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Insurer Travelers beats profit estimate on underwriting strength, investment gains

(Reuters) – Travelers Companies’ third-quarter profit beat Wall Street expectations as higher underwriting gains and investment income more than offset steep catastrophe losses, sending shares of the insurer up nearly 7%. Individuals and businesses are spending more on insurance, allowing insurers to attract and retain clients despite higher prices for some policies such as auto …

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Soccer-Arnault, Red Bull’s proposed Paris FC takeover set to fix city’s football oddity

By Julien Pretot PARIS (Reuters) – Since Paris St Germain were taken over by Qatar Sports Investments just over a decade ago the club has become a symbol of global sports ambition and highlighted the absence of another top-tier club in the city, an oddity in European football. The Arnault family and Red Bull’s proposed …

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US prosecutors see rising threat of AI-generated child sex abuse imagery

By Andrew Goudsward WASHINGTON (Reuters) – U.S. federal prosecutors are stepping up their pursuit of suspects who use artificial intelligence tools to manipulate or create child sex abuse images, as law enforcement fears the technology could spur a flood of illicit material. The U.S. Justice Department has brought two criminal cases this year against defendants …

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