NEW YORK (AP) — Bank of America’s second quarter profits fell 32%, the latest major U.S. bank to report a dip in earnings after a strong 2021. A better reflection of performance at the country’s second largest bank this quarter was revenue, which increased from $21.5 billion, to $22.7 billion year over year, largely due…
By David Shepardson FARNBOROUGH, England (Reuters) -Delta Air Lines will buy 100 Boeing 737 MAX 10 jets worth about $13.5 billion at list prices and has options to buy another 30, the U.S. carrier said on Monday. Reuters reported in March that Delta was edging towards an order for 100 MAX 10 planes and reported…
BRUSSELS (AP) — European Union foreign ministers promised another 500 millions euros in military aid to Ukraine’s war chest to beef up the defense of the nation as the bloc’s foreign policy chief exhorted member states not to waver in their commitment to sanctions against Russia. The aid decision came after a video debriefing on…
(Reuters) – Bank of America Corp reported a drop in second-quarter profit on Monday, hit by a slump in investment banking revenue as underwriting activity stood at a fraction of last year’s record levels. Wall Street investment bankers, who were neck-deep in deals last year, have seen activity slump in the first half of 2022…
LONDON (AP) — Millions of people in Britain stayed home or sought shade Monday during the country’s first-ever extreme heat warning, as hot, dry weather that has scorched mainland Europe for the past week moved north, disrupting travel, health care and schools. The red heat alert covers a big chunk of England and is due…
THESSALONIKI, Greece (AP) — Greece filed an official complaint with Serbia on Monday after a cargo plane carrying mortar ammunition crashed while attempting an emergency landing in northern Greece. “The Greek ambassador in Belgrade has been instructed to make a complaint to the Serbian (government) to stress the need for Greek authorities to be notified…
PARIS (AP) — French President Emmanuel Macron is hosting the leader of the United Arab Emirates on Monday to ensure energy supplies from the oil-rich Gulf country as Europe prepares for the possibility of a total cutoff of Russian natural gas in retaliation for sanctions over the war in Ukraine. Mohammed bin Zayed Al Nahyan…
NEW YORK (AP) — The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. To fulfill that pledge in as little as 2 1/2…
LA TESTE-DE-BUCH, France (AP) — France scrambled more water-bombing planes and hundreds more firefighters to combat spreading wildfires that were being fed Monday by hot swirling winds from a searing heat wave broiling much of Europe. In Spain, two people have been killed in blazes there. With winds changing direction, authorities in southwestern France announced…
By Andrea Shalal SEOUL (Reuters) – U.S. Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine. Yellen, who arrived in Seoul on Monday evening, told…
