Business

US attempt to open the Strait of Hormuz tests Iran war’s fragile ceasefire

Tuesday, May 5 by SRN News

DUBAI, United Arab Emirates (AP) - The Iran war risked reigniting after the U.S. tried to force open the Strait of Hormuz for commercial shipping, though a ceasefire seemed to be holding Tuesday even after the United Arab Emirates said Iran fired missiles and... Read More.

USPS unveils Route 66 centennial stamps, born from a photographer’s 42 trips

Tuesday, May 5 by SRN News

SPRINGFIELD, Ill. (AP) - You're standing in the middle of an empty highway, staring off into the fading, golden light of Arizona's high desert. The soundtrack playing in your mind? Depeche Mode. Industrial-leaning synth-pop strains might seem incongruous with such a vista, but it... Read More.

Zelenskyy slams Russia’s ‘utter cynicism’ as strikes kill 5 in Ukraine before brief truce takes hold

Tuesday, May 5 by SRN News

KYIV, Ukraine (AP) - Russian drone and missile strikes targeting Ukraine's power grid during the night killed at least five people and wounded 39 others, Ukrainian authorities said Tuesday, less than a day before Kyiv said it would enact a ceasefire and three days... Read More.

Romania’s prime minister fights for survival as no-confidence motion is debated in Parliament

Tuesday, May 5 by SRN News

BUCHAREST, Romania (AP) - Romanian Prime Minister Ilie Bolojan faces a no-confidence motion on Tuesday afternoon, as a former coalition partner joins forces with a hard-right opposition party in a bid to bring down his pro-European government less than a year after the coalition... Read More.

European investment banks stutter as Wall Street rivals power ahead

Tuesday, May 5 by SRN News

By Tommy Reggiori Wilkes, Mathieu Rosemain, Lawrence White and Elizabeth Howcroft LONDON/PARIS, May 5 (Reuters) - Europe's investment banks are struggling to maintain market share as Wall Street titans power ahead, fuelled by regulatory changes and vast pools of capital they can deploy to compete. First-quarter... Read More.

China’s carmakers chase ‘Yaris moment’ to ignite overseas growth

Tuesday, May 5 by SRN News

By Nick Carey BEIJING, May 5 (Reuters) - China's carmakers are hunting for their own "Yaris moment" - the kind of locally tailored breakthrough that helped Toyota conquer Europe - as they race to turn booming exports into lasting overseas growth. After... Read More.

Asian shares slip and oil prices retreat from latest flare in Iran tensions

Tuesday, May 5 by SRN News

HONG KONG (AP) - Asian stocks declined Tuesday, tracking losses on Wall Street after U.S. stocks retreated from record highs. Oil prices fell back after rising earlier on escalating tensions in the war between the U.S. and Iran. U.S. futures edged 0.1% higher. Regional trading was... Read More.

An explosion at a fireworks plant in China kills at least 26 people and injures dozens of others

Tuesday, May 5 by SRN News

BEIJING (AP) - An explosion at a fireworks plant in a central Chinese province killed at least 26 people and injured 61 others, state media reported Tuesday, prompting the halting of all firework manufacturing near the site. The blast occurred at a fireworks plant... Read More.

Novo Nordisk’s weight-loss pill boom faces price war test

Tuesday, May 5 by SRN News

By Maggie Fick and Stine Jacobsen LONDON/COPENHAGEN, May 5 (Reuters) - Novo Nordisk is seeing brisk early demand for its new weight-loss pill as competition with U.S. rival Eli Lilly intensifies. Investors now want proof that fast-rising prescriptions can offset a bruising price war... Read More.

Hugo Boss tops quarterly profit estimates despite geopolitical uncertainty

Tuesday, May 5 by SRN News

By Ozan Ergenay May 5 (Reuters) - German fashion group Hugo Boss reported quarterly operating profit above expectations on Tuesday, despite a challenging market environment. The company posted first-quarter earnings before interest and taxes (EBIT) of 35 million euros, down from 61 million euros a year... Read More.

Current Weather

US attempt to open the Strait of Hormuz tests Iran war’s fragile ceasefire

USPS unveils Route 66 centennial stamps, born from a photographer’s 42 trips

Zelenskyy slams Russia’s ‘utter cynicism’ as strikes kill 5 in Ukraine before brief truce takes hold

Romania’s prime minister fights for survival as no-confidence motion is debated in Parliament

European investment banks stutter as Wall Street rivals power ahead

China’s carmakers chase ‘Yaris moment’ to ignite overseas growth

Asian shares slip and oil prices retreat from latest flare in Iran tensions

An explosion at a fireworks plant in China kills at least 26 people and injures dozens of others

Novo Nordisk’s weight-loss pill boom faces price war test

Hugo Boss tops quarterly profit estimates despite geopolitical uncertainty

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