Business

Canada Post taking steps to stop home mail delivery

Friday, April 17 by SRN News

VANCOUVER, British Columbia (AP) - The government-owned corporation that delivers mail in Canada is taking steps to stop home delivery. Canada Post is initiating talks with 13 communities to begin converting about 136,000 addresses from door-to-door delivery to community mailboxes, a standalone unit with designated... Read More.

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Friday, April 17 by SRN News

WELLINGTON, New Zealand (AP) - Sleep on a long-haul flight in economy class has always been a fantasy for many travelers. Air New Zealand will soon offer a solution that involves climbing into a triple-tier bunk bed wearing special socks. The airline will soon open... Read More.

Morning Bid: Markets catch their breath as weekend diplomacy beckons

Friday, April 17 by SRN News

A look at the day ahead in European and global markets from Ankur Banerjee Markets slipped into TGIF mood as the possibility of a deal between the U.S. and Iran lifted hopes and kept oil below $100 a barrel, though with the crucial Strait of... Read More.

Wall Street banks trade derivatives to bet on private credit stress, FT reports

Friday, April 17 by SRN News

April 17 (Reuters) - JPMorgan Chase, Barclays and other Wall Street banks have started trading credit default swaps linked to flagship private credit funds run by Blackstone, Apollo Global and Ares Management, the Financial Times reported on Friday. Banks including Morgan Stanley and Citigroup... Read More.

Ericsson slightly lags profit expectations as AI demand drives up chip costs

Friday, April 17 by SRN News

April 17 (Reuters) - Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America. The company reported an adjusted operating profit of 5.2 billion Swedish... Read More.

Macron and Starmer hold international summit on reopening the Strait of Hormuz

Friday, April 17 by SRN News

PARIS (AP) - The leaders of France and the U.K. will gather dozens of countries - but not the United States - on Friday to push forward plans to reopen the Strait of Hormuz, a key oil route choked off by the U.S.-Israeli war... Read More.

Deutsche Bank expects Fed to hold rates in 2026

Friday, April 17 by SRN News

April 17 (Reuters) - Deutsche Bank expects the U.S. Federal Reserve to keep interest rates unchanged in 2026, citing oil-driven inflation risks linked to the Middle East war, resilient growth and a tight labour market that leave little room to cut. The brokerage had... Read More.

Uber to acquire additional 4.5% stake in Delivery Hero, FT reports

Friday, April 17 by SRN News

April 17 (Reuters) - Uber has reached an agreement to acquire an additional 4.5% stake in rival Delivery Hero and will buy around 270 million euros ($318.1 million) of Delivery Hero shares at 20 euros apiece from the German multinational's largest shareholder, Prosus, the... Read More.

Iran war energy shock drives nuclear power plans in hard-hit Asia and Africa

Friday, April 17 by SRN News

NAIROBI, Kenya (AP) - The Iran war's global energy shock is causing some nations in Africa and Asia to boost nuclear power generation and spurring atomic energy plans in non-nuclear countries on both continents. Asia, where most of the Middle Eastern oil and natural gas... Read More.

Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes

Friday, April 17 by SRN News

HONG KONG (AP) - Asian stocks were lower Friday even after Wall Street set another record, as investors watched for signs of more U.S.-Iran talks and an extension of the ceasefire of the Iran war that is expiring next week. Oil prices fell Friday, while... Read More.

Current Weather

Canada Post taking steps to stop home mail delivery

Airline adding bunk beds for economy travelers but bans snacks, smells and cuddling

Morning Bid: Markets catch their breath as weekend diplomacy beckons

Wall Street banks trade derivatives to bet on private credit stress, FT reports

Ericsson slightly lags profit expectations as AI demand drives up chip costs

Macron and Starmer hold international summit on reopening the Strait of Hormuz

Deutsche Bank expects Fed to hold rates in 2026

Uber to acquire additional 4.5% stake in Delivery Hero, FT reports

Iran war energy shock drives nuclear power plans in hard-hit Asia and Africa

Asian stocks lower and oil falls after Wall Street sets another record on ceasefire hopes

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