(Reuters) – Stand-up comedian and Hollywood actor Kevin Hart on Tuesday launched a new media company called HARTBEAT, with a $100 million investment from private equity firm Abry Partners. Abry, which focuses on investments in the media, communication and information services space, took a minority stake in the company at an undisclosed valuation. Hart, known…
DUBAI (Reuters) – Emirates will refurbish more of its existing fleet than previously planned, its chief commercial officer said on Tuesday, as the airline faces delays to deliveries of new Boeing jets and seeks assurances over concerns with the Airbus A350s it ordered. The Gulf carrier is spending over a $1 billion to refurbish the…
LONDON — Prime Minister Boris Johnson says Britain does not want war “to escalate beyond Ukraine’s borders,” and rejected an allegation by Moscow that the West is fighting a proxy conflict with Russia. But Johnson said Ukrainians “are being attacked from within Russian territory” and “have a right to protect and defend themselves” by striking…
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) -Japan has prepared an emergency relief package worth $103 billion to cushion the economic blow from rising raw material costs, and plans further steps later this year to promote long-term reforms, Prime Minister Fumio Kishida said on Tuesday. Kishida is under pressure to ramp up fiscal spending…
(Reuters) – Valero Energy Corp on Tuesday reported a first-quarter profit compared to a year-ago loss, thanks to higher demand for fuel and refined products. Net profit attributable to the company’s stockholders was $905 million, or $2.21 per share, for the three months ended March 31, compared with a loss of $704 million, or $1.73…
MONTREAL (Reuters) – Air Canada on Tuesday reported a smaller quarterly loss, as more passengers flew due to an easing of COVID-19 travel restrictions. Canada’s largest carrier reported an operating loss of C$974 million ($764.46 million) for the first quarter or C$2.72 per diluted share compared with a net loss of C$1.304 billion or C$3.90…
ISTANBUL (AP) — For months, Istanbul restaurant Tarihi Balikca tried to absorb the surging cost of the sunflower oil its cooks use to fry fish, squid and mussels. But in early April, with oil prices nearly four times higher than they were in 2019, the restaurant finally raised its prices. Now, even some longtime customers…
By Anshuman Daga and Lawrence White SINGAPORE/LONDON (Reuters) – HSBC has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects. Shares in Europe’s biggest bank were trading 2.2% lower by 0825 GMT…
Elon Musk, the world’s richest man, is spending $44 billion to acquire Twitter with the stated aim of turning it into a haven for “free speech.” There’s just one problem: The social platform has been down this road before, and it didn’t end well. A decade ago, a Twitter executive dubbed the company “the free…
By Koustav Samanta (Reuters) – Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia’s biggest aviation market, travel data firm OAG said on Tuesday. Asian jet fuel refining margins, which have more than doubled in the past two…
