Business

Exclusive-Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz

Thursday, May 7 by SRN News

By Florence Tan and Jonathan Saul SINGAPORE/LONDON, May 7 (Reuters) - With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz in a bid to move... Read More.

EV maker Polestar’s quarterly loss widens as tariffs, pricing pressure weigh on margins

Thursday, May 7 by SRN News

May 7 (Reuters) - Sweden's Polestar reported a bigger first-quarter loss on Thursday, as pricing pressure and U.S. tariffs offset stronger sales volumes. Polestar, majority owned by China's Geely Holding, has rolled out discounts in Europe to attract cautious buyers as it navigates U.S. tariffs... Read More.

McDonald’s focus on value and a big new burger drive sales in the first quarter

Thursday, May 7 by SRN News

McDonald's posted better-than-expected sales in the first quarter as a new burger - and a continuing emphasis on value - brought in customers. The company said its global same-store sales, or sales at locations open at least a year, rose 3.8% in the January-March period.... Read More.

AirAsia bets big on efficiency with order for 150 Airbus A220 jets listed for $19 billion

Thursday, May 7 by SRN News

KUALA LUMPUR, Malaysia (AP) - Budget airline AirAsia is ordering 150 Airbus A220-300 jets in a deal valued at about $19 billion at list prices, marking the largest single order ever placed for the A220 planes. The deal was announced Thursday at an Airbus factory... Read More.

Shell’s profit beats expectations at $6.9 billion, raises dividend by 5%

Thursday, May 7 by SRN News

By Shadia Nasralla and Stephanie Kelly LONDON, May 7 (Reuters) - Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, prompting it to raise the dividend by 5%. At... Read More.

Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war

Thursday, May 7 by SRN News

DUBAI, United Arab Emirates (AP) - Iran said it was reviewing the latest American proposals on ending the war, as U.S. President Donald Trump threatened the country with a new wave of bombing unless a deal is reached that includes reopening the crucial Strait... Read More.

Wall Street bonuses seen flat to slightly positive in 2026 as Iran war and private credit turmoil hurt

Thursday, May 7 by SRN News

By Saeed Azhar NEW YORK, May 7 (Reuters) - Wall Street bonuses are likely to be flat to slightly positive in 2026, as geopolitical tensions due to the Iran war and the private credit turmoil could slow the economy and incentives, compensation consultancy Johnson Associates... Read More.

Emirates airline posts record net profit despite war impact

Thursday, May 7 by SRN News

DUBAI, May 7 (Reuters) - Emirates airline on Thursday posted a record full-year net profit despite the impact of the Iran war, as the carrier cited strong travel demand throughout most of the period. The Gulf carrier said in a statement its profit after tax... Read More.

Japan keeps US close as it signals unlimited yen defence

Thursday, May 7 by SRN News

By Makiko Yamazaki and Leika Kihara TOKYO, May 7 (Reuters) - Japan faces no constraints on how often it can intervene in currency markets and is in daily contact with U.S. authorities, its top currency diplomat said on Thursday, reinforcing Tokyo's resolve to defend the... Read More.

Britain’s JD Sports says Nike’s Hill ‘doing a great job’

Thursday, May 7 by SRN News

LONDON, May 7 (Reuters) - Nike CEO Elliott Hill got a vote of confidence from one of its largest customers, British sportswear retailer JD Sports, whose boss said on Thursday he was "doing a great job". Hill, who was with Nike for more than three... Read More.

Current Weather

Exclusive-Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz

EV maker Polestar’s quarterly loss widens as tariffs, pricing pressure weigh on margins

McDonald’s focus on value and a big new burger drive sales in the first quarter

AirAsia bets big on efficiency with order for 150 Airbus A220 jets listed for $19 billion

Shell’s profit beats expectations at $6.9 billion, raises dividend by 5%

Iran reviewing US proposal as Trump pressures Tehran for agreement on deal to end war

Wall Street bonuses seen flat to slightly positive in 2026 as Iran war and private credit turmoil hurt

Emirates airline posts record net profit despite war impact

Japan keeps US close as it signals unlimited yen defence

Britain’s JD Sports says Nike’s Hill ‘doing a great job’

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