Business

EU rules reining in Big Tech will now target cloud services and AI, regulators say

Tuesday, April 28 by SRN News

By Foo Yun Chee BRUSSELS, April 28 (Reuters) - The European Union plans to turn the focus of its landmark rules curbing the power of Big Tech to cloud and artificial intelligence services, aiming to promote fairer competition after seeing positive results in other digital... Read More.

Hilton raises 2026 room revenue growth forecast, flags impact of Middle East conflict

Tuesday, April 28 by SRN News

By Anshuman Tripathy April 28 (Reuters) - Hotel operator Hilton Worldwide Holdings raised annual room revenue growth forecast on Tuesday, betting on a rebound in domestic travel to boost demand across its properties. The U.S. travel industry is showing signs of a recovery from a... Read More.

Ukraine accuses Israel of importing grain ‘stolen’ by Russia as Zelenskyy warns of sanctions

Tuesday, April 28 by SRN News

KYIV, Ukraine (AP) - Ukraine accused Israel on Tuesday of allowing the import of grain it says Russia stole from occupied areas, prompting a sharp exchange between officials. President Volodymyr Zelenskyy said a vessel carrying grain had arrived at an Israeli port and was preparing... Read More.

Global regulators trail banks in AI as Mythos raises oversight concerns, report finds

Tuesday, April 28 by SRN News

By Phoebe Seers LONDON, April 28 (Reuters) - The ability of central banks and financial regulators to monitor and combat the risks posed by powerful artificial intelligence models such as Anthropic's Mythos has been called into question after a survey found authorities significantly lag... Read More.

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Tuesday, April 28 by SRN News

April 28 (Reuters) - Sysco on Tuesday reported third-quarter sales below Street estimates, hurt by weakening restaurant demand for packaged food, sending its shares down about 3% in early trading. The packaged and fresh food distributor maintained its annual profit forecast, though higher costs... Read More.

Croatia, Bosnia sign pipeline deal to reduce dependency on Russia

Tuesday, April 28 by SRN News

DUBROVNIK, Bosnia-Herzegovina (AP) - Croatia and Bosnia signed an agreement Tuesday to build a gas pipeline designed to reduce energy dependency on Russia in the volatile Balkans region. The Southern Interconnection pipeline will link Bosnia with Croatia's gas network and the liquefied natural gas terminal... Read More.

Nasdaq opens lower as fresh concerns around AI pressure tech stocks

Tuesday, April 28 by SRN News

April 28 (Reuters) - The Nasdaq Composite opened lower on Tuesday, underperforming the benchmark S&P 500 and the blue-chip Dow, as investors questioned whether the artificial intelligence boom can deliver meaningful growth for technology stocks. The Wall Street Journal reported that AI heavyweight OpenAI had... Read More.

BP’s profit more than doubles in 1Q as Iran war continues and US gas prices rise

Tuesday, April 28 by SRN News

BP's profit more than doubled in the first quarter as the war in Iran continues and the average price for gasoline hit a new high for the year in the U.S. The oil and gas industry has been in upheaval since the start of the... Read More.

United Arab Emirates says it will leave OPEC in a blow to the oil cartel

Tuesday, April 28 by SRN News

DUBAI, United Arab Emirates (AP) - The United Arab Emirates announced Tuesday that it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices. The UAE's decision had... Read More.

US consumer confidence unexpectedly improves in April

Tuesday, April 28 by SRN News

WASHINGTON, April 28 (Reuters) - U.S. consumer confidence unexpectedly ticked up in April as a ceasefire in the war with Iran boosted stock prices while labor market perceptions improved, a survey showed on Tuesday. The Conference Board said its consumer confidence index climbed 0.6 points... Read More.

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Current Weather

Hilton raises 2026 room revenue growth forecast, flags impact of Middle East conflict

Ukraine accuses Israel of importing grain ‘stolen’ by Russia as Zelenskyy warns of sanctions

Global regulators trail banks in AI as Mythos raises oversight concerns, report finds

Food distributor Sysco misses quarterly sales estimates as dining-out demand cools

Croatia, Bosnia sign pipeline deal to reduce dependency on Russia

Nasdaq opens lower as fresh concerns around AI pressure tech stocks

BP’s profit more than doubles in 1Q as Iran war continues and US gas prices rise

United Arab Emirates says it will leave OPEC in a blow to the oil cartel

US consumer confidence unexpectedly improves in April

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