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Today: May 09, 2024

Technology

US and allies aim to help Ukraine bolster defenses after aid gap

The United States hopes its new deliveries of weaponry will help Ukraine rebuild defenses and refit its forces as it recovers from a gap in U.S.

Morning Bid: Bullish momentum fades, yen intervention risks rise

A look at the day ahead in Asian markets.

Sustainable living offers hope for future for Hungarian families

Laszlo Kemencei lives as sustainably as possible on his small farm in eastern Hungary.

Dozens of tornadoes strike Oklahoma, killing at least four

By Rich McKay and Maria Caspani (Reuters) -At least four people died, including a four-month-old baby, and scores were injured in Oklahoma this weekend after dozens of twisters swept the U.S.

Spirit Aero weighs liquidity options after tough first quarter

By Abhijith Ganapavaram and Allison Lampert (Reuters) -Embattled aerospace supplier Spirit AeroSystems said it may tap financial markets for cash after posting heavy losses and burning through more

Panasonic's battery unit misses annual profit estimate

By Daniel Leussink TOKYO (Reuters) -The energy unit of Japan's Panasonic Holdings missed its operating profit guidance for the past business year due to lower electric-vehicle battery production in

Fund offering 'venture capital' exposure sends investors on meme-like ride

A new fund that allows shareholders access to

Goldman Sachs taps BofA bankers for India dealmaking roles, sources say

By M.

GM CEO Barra compensation fell 4% in 2023 to $27.8 million

General Motors CEO Mary Barra's total compensation in 2023 fell 4% to $27.8 million, the largest U.S. automaker said Wednesday.

Exclusive-Panama's president-elect vows to help fix canal water problems, build major train line

By Valentine Hilaire and Elida Moreno PANAMA CITY (Reuters) -Panama's president-elect, Jose Raul Mulino, said on Wednesday he will urge lawmakers to approve a law enabling the Panama Canal to build

Mexico heat wave triggers 'exceptional' power outages, president says

Widespread recent power outages in Mexico were caused by unseasonably hot weather, the country's president said on Wednesday, assuring

BMW says costs, low used car prices to weigh on 2024 pre-tax profit

By Andrey Sychev and Nick Carey BERLIN (Reuters) -BMW said on Wednesday it expects a slight drop in pre-tax profit this year due to higher research and development, manufacturing and personnel costs,

Dogs entering US must be 6 months old and microchipped to prevent spread of rabies, new rules say

New U.S. rules require all dogs coming into the U.S. to be at least 6 months old and microchipped to help prevent the spread of rabies

Factbox: What is in Huawei's new Pura 70 smartphones

Huawei's new high-end Pura 70 smartphone series quickly sold out after it was launched last month with analysts touting it as another Apple iPhone challenger and adding to signs of how the

Exclusive-Huawei's new phone uses more China-made parts, memory chip

By David Kirton and Brenda Goh SHENZHEN/SHANGHAI (Reuters) -Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a

Bristol Myers posts quarterly loss, lays out $1.5 billion cost-saving plan

By Deena Beasley and Bhanvi Satija (Reuters) -Bristol Myers Squibb reported a first-quarter loss on Thursday as charges related to its acquisitions of Karuna Therapeutics, RayzeBio and Mirati

Green steel needs tiered incentives to become reality in Asia

It's time for a reality check about decarbonising Asia's vast and growing steel sector.

Meta shares sink on higher AI spending, light revenue forecast

By Katie Paul and Yuvraj Malik (Reuters) -Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its

Bumble revenue beats estimates on paying users strength, shares jump

By Jaspreet Singh (Reuters) -Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company's shares up more than 9% in aftermarket

Airbnb forecasts weaker Q2 revenue despite robust demand for international travel

By Doyinsola Oladipo and Aishwarya Jain (Reuters) -Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the

Beyond Meat reports wider-than-expected Q1 loss, sales decline

(Reuters) -Beyond Meat posted a wider-than-expected quarterly loss and an 18% drop in revenue on Wednesday as its higher priced plant-based meat products hit volumes.

Summer power prices seen surging for Texas, falling in California

Extreme heat and rising electricity demand are expected to drive up power prices in Texas this summer, while the rest of the U.S. power markets are broadly pricing lower,

Microsoft to shut Africa development centre in Nigeria

Microsoft is closing down its Africa Development Centre in the continent's most populous nation Nigeria, which will lead to job losses, a spokesperson said on Wednesday.

TC Energy's oil pipeline spin-off faces obstacles in bet on US Gulf

TC Energy's planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S.

WestJet issues 72-hour lockout notification to union

(Reuters) -Onex Corp's WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the ‍Aircraft Mechanics Fraternal Association.

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