Powell says the Fed doesn't need to be 'in a hurry' to reduce interest rates

The IMF has raised its global growth forecast for 2025 to 3.0%, citing increased trade activity amid reduced tariff tensions from the Trump administration, though cautions about a potential slowdown in the latter half of the year. Additionally, US growth for 2025 was slightly revised up to 1.9%, while China's growth was adjusted to 4.8%, reflecting stronger-than-expected performance despite ongoing domestic challenges. Want More Context? 🔎

An arcade operator in Singapore, The Arcade People, apologized to game publisher Origame for copyright infringement after using artwork from Origame's games in its carnival game, Kopitiam Hero. The operator has suspended the game, taken full responsibility for the lapse, and plans to destroy infringing materials while expressing willingness to collaborate with Origame in the future. Want More Context? 🔎

A gunman, 27-year-old Shane Devon Tamura, shot four people, including an off-duty police officer, in a Manhattan building housing the NFL headquarters, mistakenly taking the wrong elevator while targeting the NFL. Tamura, who had a documented mental health history and reportedly sought for his brain to be studied posthumously, died from a self-inflicted gunshot wound after barricading himself on the 33rd floor. Want More Context? 🔎

Metro's exploration of sausage roll prices in London reveals a stark disparity, with high-end options like The Ginger Pig's £7 version and posh coffee shops pricing theirs at £5-£7, while Greggs offers more affordable choices starting at £1.25. Factors like rising ingredient costs, increased energy bills, and premium experiences contribute to these price hikes across various outlets. Want More Context? 🔎

A tragic case involving 20-month-old Amelia, who died from a carfentanil overdose after her mother used drugs nearby, highlights the rising opioid crisis affecting young children in Ontario and across Canada; at least 26 children under 10 have died from opioid poisonings since 2017, often in homes where child protection services were previously involved. Experts stress the urgent need to address this overlooked pediatric mortality issue, as opioids continue to claim lives daily among both...

Stellantis announced that President Trump's tariffs will cost the automaker approximately €1.5 billion ($1.7 billion) in 2025, primarily affecting earnings in the second half of the year. While the company is engaging with policymakers regarding the tariffs, its operations in North America are particularly impacted, similar to other manufacturers like GM and Volkswagen, which are also facing significant tariff-related losses. Want More Context? 🔎