Business

Why the European Union’s wartime loan is a vital lifeline for cash-strapped Ukraine

Thursday, April 23 by SRN News

KYIV, Ukraine (AP) - Cash-strapped Ukraine has secured a crucial European Union loan that will provide a vital lifeline to sustain its wartime efforts this year. The 90 billion-euro ($106 billion) package was formally approved on Thursday, days after President Volodymyr Zelenskyy announced that the... Read More.

Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say

Thursday, April 23 by SRN News

By Elvira Pollina and Echo Wang MILAN/NEW YORK, April 23(Reuters) - Bending Spoons, a European tech firm whose business model is based on reviving companies, has picked banks to organise a potential $20 billion U.S. initial public offering this year, two people close to the... Read More.

Warner Bros shareholders back $110 billion merger with Paramount Skydance

Thursday, April 23 by SRN News

April 23 (Reuters) - Warner Bros Discovery shareholders on Thursday backed the company's proposed $110 billion merger with Paramount Skydance, but cast an advisory vote against executive compensation plans tied to the deal. Under the pay packages proposed to executives, CEO David Zaslav could... Read More.

American Airlines rejects United merger, explores deeper Alaska ties

Thursday, April 23 by SRN News

By Rajesh Kumar Singh CHICAGO, April 23 (Reuters) - American Airlines Chief Executive Robert Isom flatly rejected a merger with United Airlines as anti-competitive on Thursday, pledged to defend American's Chicago hub and signaled that partnerships - including potentially deeper ties with Alaska Airlines -... Read More.

US oil executives expect crude output to rise as Iran war continues, survey shows

Thursday, April 23 by SRN News

By Georgina McCartney HOUSTON, April 23 (Reuters) - U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey. The survey collected data from April 15... Read More.

What a combined Paramount-Warner would mean

Thursday, April 23 by SRN News

NEW YORK (AP) - HBO Max, "Harry Potter" and CNN may soon find themselves under a new roof: Paramount. That's because shareholders of Warner Bros. Discovery on Thursday voted to sell the entire business to the company that owns CBS, along with blockbusters like "Top... Read More.

Freeport delays Grasberg recovery due to wetter ore; shares fall

Thursday, April 23 by SRN News

April 23 (Reuters) - Freeport-McMoRan, the world's largest publicly traded copper producer, said on Thursday it expects a slower-than-anticipated recovery at its flagship Grasberg mine in Indonesia after a fatal flood last year disrupted operations, sending its shares down more than 8%. The Phoenix-based company... Read More.

New bridge helps cement Lesotho as water lifeline for South Africa’s economic hub

Thursday, April 23 by SRN News

JOHANNESBURG (AP) - For every glass of water or a shower taken in Gauteng, South Africa's most populous province that includes Johannesburg, there is a 60% chance the water came from its small neighbor, the mountain kingdom of Lesotho. A newly built bridge launched this... Read More.

US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels

Thursday, April 23 by SRN News

WASHINGTON (AP) - The number of Americans filing for unemployment benefits inched up last week but remains within the historically healthy range of recent years. U.S. jobless aid applications for the week ending April 18 rose by 6,000 to 214,000, up from the previous week's... Read More.

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

Thursday, April 23 by SRN News

PANAMA CITY, April 23 (Reuters) - The Panama Canal Authority said on Thursday that some ships had recently paid more than $1 million for crossing slots at auction, but said the unusually high prices reflected a temporary rise in demand rather than persistent congestion... Read More.

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Current Weather

Why the European Union’s wartime loan is a vital lifeline for cash-strapped Ukraine

Milan tech firm Bending Spoons picks banks for $20 billion US listing, sources say

Warner Bros shareholders back $110 billion merger with Paramount Skydance

American Airlines rejects United merger, explores deeper Alaska ties

US oil executives expect crude output to rise as Iran war continues, survey shows

What a combined Paramount-Warner would mean

Freeport delays Grasberg recovery due to wetter ore; shares fall

New bridge helps cement Lesotho as water lifeline for South Africa’s economic hub

US jobless claim filings rise modestly to 214,000 last week, remain at historically healthy levels

Panama Canal says $1 million-plus auction slots reflect temporary surge in demand

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