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World Bank Raises India’s FY27 Growth Forecast to 6.6%

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World Bank Raises India's FY27 Growth Forecast to 6.6%
New Delhi: The World Bank raised India’s FY27 growth forecast to 6.6% from 6.5% estimated in January, citing reduced US tariffs and the anticipated benefits of upcoming free trade agreements. These factors are expected to cushion the impact of weaker external demand stemming from the ongoing Middle East conflict.

Economic growth, however, is projected to moderate from 7.7% in FY26 as higher energy prices and rising input costs weigh on private demand. According to the latest Global Economic Prospects (GEP) report of the World Bank, reductions in Goods and Services Tax (GST) rates are likely to provide some support to consumer demand.

India is projected to remain among the world’s fastest-growing economies.

Gross domestic product (GDP) growth is forecast to rise to 7.2% in FY28 and 7% in FY29.

“Growth is then anticipated to rebound over the next two fiscal years, driven by firming domestic demand and a pickup in export growth,” the report said.

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Screenshot 2026-06-11 235127

The World Bank expects trade agreements and ongoing structural reforms aimed at improving the business environment to bolster foreign direct investment inflows over 2027-28. The closure of the Strait of Hormuz has significantly disrupted global energy markets.

Assuming the worst supply disruptions ease by July, the World Bank projects Brent crude oil prices to average $94 per barrel in 2026, about 36% higher than 2025 levels.

The report noted that to ease inflationary pressures arising from higher energy costs and shortages of agricultural inputs, particularly fertilizers, India has implemented several measures, including cuts in fuel taxes.

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SAP Stock Jumps as Earnings Beat Eases AI Fears

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SAP Stock Jumps as Earnings Beat Eases AI Fears

SAP Stock Jumps as Earnings Beat Eases AI Fears

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SLB Stock Jumps as Drilling Activity Drives Earnings. It’s Also Leaning Into This ‘Growth Vector.’

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SLB Stock Jumps as Drilling Activity Drives Earnings. It’s Also Leaning Into This ‘Growth Vector.’

SLB Stock Jumps as Drilling Activity Drives Earnings. It’s Also Leaning Into This ‘Growth Vector.’

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How 10 Billion Pounds of Lettuce Travel From Farms to Dinner Plates

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How 10 Billion Pounds of Lettuce Travel From Farms to Dinner Plates

When it comes to greens, lettuce is king. It’s the most consumed leafy produce in the U.S., as Americans have been reminded by cyclospora outbreaks that have sickened thousands over the past few months.

One of the outbreaks, which health authorities linked to shredded lettuce supplied by Taylor Farms, surfaced the important role played by a sprawling supply chain of farms, processors and distributors in the U.S. and Mexico. That network is responsible for greens’ ubiquity in consumer diets.

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Rental searches for pet friendly properties drop after law change

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A domestic cat peeks out from behind some furniture

The Rightmove data suggests that fewer tenants are proactively filtering for pet-friendly properties when searching for a home. While pets remain the most common searched-for term overall – ahead of gardens, garages and furnishings, the lead at the top is shrinking.

Renter searches for properties that allow pets fell by 54% in May and 52% in June compared with the same months a year earlier, according to the figures shared with the BBC. Falls had accelerated through this year, as the changes got closer and were then introduced.

Marc von Grundherr, director of agency Benham and Reeves, said some tenants have only disclosed a pet after signing their tenancy agreement, while others have been discovered during property inspections.

“The reality is that tenants now understand the balance of power has shifted. Landlords can no longer rely on a blanket ‘no pets’ policy to deter applications and should instead expect conversations around pet ownership to arise much later in the letting process,” he said.

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Now, in England, landlords may still be able to refuse a pet if another tenant has an allergy, the property is too small for a large pet or several pets, the pet is illegal, or the landlord is a leaseholder and the freeholder does not allow pets.

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Overnight Russian attack triggers fires in Ukrainian capital Kyiv

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Overnight Russian attack triggers fires in Ukrainian capital Kyiv

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Marsh & McLennan Companies, Inc. 2026 Q2 – Results – Earnings Call Presentation (NYSE:MRSH) 2026-07-25

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Edenred SE 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:EDNMY) 2026-07-25

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Galderma Group AG 2026 Q2 – Results – Earnings Call Presentation (OTCMKTS:GALDY) 2026-07-25

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

This article was written by

Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team

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Vehicle drives into crowd at Berlin Pride festival, causing injuries, police say

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Vehicle drives into crowd at Berlin Pride festival, causing injuries, police say

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OpenAI failed to recognize autonomous agent attack for days: report

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OpenAI failed to recognize autonomous agent attack for days: report

OpenAI didn’t catch an autonomous breach of another artificial intelligence (AI) company by one of its advanced AI models for a week, and not until after the FBI had been contacted by the hacked company, according to a report.

On Tuesday, OpenAI announced the breach of AI company Hugging Face that happened during one of OpenAI’s internal reviews of several of its models, including GPT-5.6 Sol, calling it an “unprecedented cyber incident.”

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“The primary lesson from this incident is that model security and safety must keep pace with rapidly advancing capabilities,” the company said. “We are strengthening the containment, monitoring, access controls, and evaluation practices used during model development.”

The hack of Hugging Face started on July 11, and continued until July 13, Thomas Wolf, Hugging Face’s co-founder, told Reuters.

TRUMP LAUNCHES GOLD EAGLE TO HUNT CYBER FLAWS WITH AI

OpenAI logo

OpenAI revealed on Tuesday one of its AI models had autonomously hacked another company’s infrastructure.  (Omar Marques/SOPA Images/LightRocket via Getty Images, File / Getty Images)

It was several days before OpenAI realized its agent was behind the attack and the two companies didn’t communicate for the first time until July 20, four people, including Wolf, told the outlet.

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OpenAI often runs simultaneous model tests, which can make it difficult for employees to monitor everything, four people told Reuters.

Hugging Face told Reuters it is preparing a public timeline of the hack.

According to OpenAI, the incident took place during an internal evaluation designed to measure its AI models’ advanced cyber capabilities. Researchers disabled some built-in safety safeguards and ran the models in an isolated testing environment with limited internet access.

OpenAI said the models exploited an unknown software flaw to access the internet, then breached Hugging Face’s systems in an apparent attempt to find answers to a cybersecurity benchmark.

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Hugging Face logo

Hugging Face said it was preparing a timeline of the hack.  (Jakub Porzycki/NurPhoto via Getty Images, File / Getty Images)

OpenAI said it’s now implementing stricter security controls while vulnerabilities are patched and strengthening safeguards around future AI training and evaluations.

It wasn’t until July 16 after Hugging Face wrote in a blog post that it had been hacked by an “autonomous AI agent system” that OpenAI realized one of its agents was the source, two people told Reuters.

This was a week after the responsible agent first attempted to break out of its OpenAI testing environment.

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And by the time OpenAI contacted Hugging Face about the attack, they had already contacted the FBI.

OpenAI told Reuters there were several inaccuracies in its reporting but didn’t respond when asked for specifications.

Sam Altman speaking

OpenAI CEO Sam Altman publicly announced the attack on Tuesday. (Sean Gallup/Getty Images, FIle / Getty Images)

OpenAI shared this statement with FOX Business: “We recognize there are a lot of questions and speculative details circulating related to the Hugging Face incident. This is an unprecedented incident, and we think it marks an important moment for AI safety. We are still conducting a thorough review along with external advisors and with oversight from our Safety and Security Committee. Once the review is complete, we plan to publish a technical report of our learnings in the coming weeks.”

The FBI told FOX Business that it declined to comment. 

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FOX Business has also reached out to Hugging Face. 

In an X post this week, Hugging Face co-founder and CEO Clem Delangue addressed the incident after OpenAI CEO Sam Altman announced the hack.

Illustration shows OpenAI logo

OpenAI said one of its AI models compromised another company’s systems during internal testing, prompting a joint investigation with AI startup Hugging Face. (Reuters/Dado Ruvic, File / Reuters)

“We suspected last week’s cyberattack might have come from a frontier lab, given the sophistication of the agent. Turns out it did!” Delangue wrote.

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He added, “We’ve spent the past 24 hours working closely with the @OpenAI team (thanks!), and we strongly believe there was no malicious intent on their part. It’s quite mind-blowing that all of this happened autonomously! The investigation is ongoing, and we’ll share more learnings from what might be the first incident of its kind!”

FOX Business’ Michael Sinkowitz contributed to this report. 

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