Business

Lufthansa’s first quarter loss narrows despite $2 billion fuel hit

Wednesday, May 6 by SRN News

By Joanna Plucinska LONDON/BERLIN, May 6 (Reuters) - Lufthansa reported better-than-expected first-quarter results on Wednesday and maintained its outlook for the year despite a sharp rise in jet fuel prices and ongoing labour disruptions. The group warned of an additional cost of 1.7 billion euros ($1.99... Read More.

Germany ponders last-ditch plan to thwart Italian bid for Commerzbank

Wednesday, May 6 by SRN News

By Tom Sims and John O'Donnell FRANKFURT, May 6 (Reuters) - As UniCredit prepares to take over Commerzbank, some members of Germany's government are examining a drastic step to fend off the unwanted Italian bidder by taking a bigger stake in a lender Berlin considers... Read More.

Diageo delivers surprise sales growth on Guinness demand, soccer World Cup boost

Wednesday, May 6 by SRN News

May 6 (Reuters) - Diageo posted 0.3% growth in quarterly organic net sales on Wednesday, driven by strong demand for its Guinness beer in Britain and Ireland and customers in Latin America and the Caribbean stocking up ahead of the soccer World Cup. Analysts had... Read More.

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

Wednesday, May 6 by SRN News

MELBOURNE, May 6 (Reuters) - New government regulations in the U.S. and Europe are helping to push customers to buy rare earth products from suppliers outside China, the chief executive of Australia's Lynas Rare Earths said on Wednesday. China is the world's largest and lowest‑cost... Read More.

BHP CFO says new investors buying in on copper exposure, AI demand

Wednesday, May 6 by SRN News

By Scott Murdoch and Melanie Burton SYDNEY, May 6 (Reuters) - BHP's Chief Financial Officer Vandita Pant said on Wednesday that a new and broader set of investors were buying into the company as AI demand makes its exposure to copper more valuable. Shares in BHP,... Read More.

Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

Wednesday, May 6 by SRN News

A look at the day ahead in European and global markets from Gregor Stuart Hunter Global stocks were at record highs on Wednesday as some of Asia's biggest markets returned from a holiday in euphoric mood and resumed ramping up AI-related trades. A rally in semiconductor... Read More.

The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globally

Wednesday, May 6 by SRN News

HONG KONG (AP) - On a recent weekday, around 50 people gathered outside the headquarters of a Chinese mobile internet company, waiting to get help with installing an artificial intelligence assistant. The scene in Beijing, China's capital, was repeated for days at several events and... Read More.

Daimler Truck’s operating profit halves as weak demand, tariffs hit North American market

Wednesday, May 6 by SRN News

May 6 (Reuters) - Daimler Truck, one of the world's biggest truckmakers, on Wednesday said its operating profit more than halved in the first quarter, hit by historically weak demand and import tariffs in its key North American market. The company's adjusted operating profit was... Read More.

Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO, FT reports

Wednesday, May 6 by SRN News

May 5 (Reuters) - Jeff Bezos's space venture, Blue Origin, has outlined a new stock plan for employees in an attempt to put an end to staff unrest and make the incentives more competitive with rival SpaceX, the Financial Times reported on Wednesday, citing... Read More.

US rights agency sues New York Times for discriminating against white man passed over for promotion

Wednesday, May 6 by SRN News

NEW YORK (AP) - A federal civil rights agency filed a discrimination lawsuit Tuesday against the New York Times, claiming that the new organization passed over a white male employee for a promotion in favor of a lesser qualified woman to meet its diversity... Read More.

Current Weather

Lufthansa’s first quarter loss narrows despite $2 billion fuel hit

Germany ponders last-ditch plan to thwart Italian bid for Commerzbank

Diageo delivers surprise sales growth on Guinness demand, soccer World Cup boost

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

BHP CFO says new investors buying in on copper exposure, AI demand

Morning Bid: Stocks surge in Seoul as Samsung surpasses Berkshire

The rapid embrace of AI in China, its biggest testing ground, may shape how AI is used globally

Daimler Truck’s operating profit halves as weak demand, tariffs hit North American market

Jeff Bezos shakes up Blue Origin staff incentives ahead of SpaceX IPO, FT reports

US rights agency sues New York Times for discriminating against white man passed over for promotion

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