By Khalid Abdelaziz, Nafisa Eltahir and Aidan Lewis KHARTOUM (Reuters) -Alarmed that movements of rival military factions in Sudan could bring bloodshed, a group of mediators pushed for last-ditch talks between army chief Abdel Fattah al-Burhan and paramilitary commander General Mohamed Hamdan Dagalo two weeks ago. But neither of Sudan’s two most powerful men showed…
(Reuters) – Last month’s failure of New York-based Signature Bank was caused by “poor management” and a pursuit of “rapid, unrestrained growth” with little regard for risk management, the Federal Deposit Insurance Corporation said on Friday in a report detailing its supervision and regulation of the regional bank. Bank management and its board chased growth…
By Scott DiSavino NEW YORK (Reuters) -Oil prices gained about 2% on Friday after U.S. data showed crude output was declining while fuel demand was growing. Brent crude futures rose $1.16, or 1.5%, to $79.53 a barrel by 12:24 p.m. EDT (1624 GMT), while West Texas Intermediate (WTI) crude rose $1.99, or 2.7%, to $76.75….
By Aditya Soni (Reuters) – Growth in Amazon.com Inc’s lucrative cloud business is slowing and investors are worried. Shares fell nearly 4% on Friday as Amazon’s cloud business slowed in April after posting its weakest quarterly growth since the company began breaking out the unit’s sales in 2015. Amazon, one of the largest companies in…
(Reuters) – Russia’s forecast of a 2023 budget deficit of no more than 2% of gross domestic product (GDP) remains in force but much depends on oil and gas revenues, Finance Minister Anton Siluanov was quoted as saying on Friday. “So far, these benchmarks are unchanged, but to say that it will be exactly 2%,…
By Moira Warburton (Reuters) – New York will return three antiquities worth $725,000 to the people of Yemen, Manhattan District Attorney Alvin Bragg announced on Friday, as part of a criminal investigation into a Manhattan-based private collector. The antiquities – including an alabaster ram from the 5th century B.C.E., which was looted during the Yemeni…
By Steve Gorman, Joey Roulette and David Shepardson (Reuters) – While the spectacle of SpaceX’s new Starship rocket blowing up over the Gulf of Mexico riveted the public’s attention, it was the explosive nature of the launch at ground level that was drawing heightened scrutiny from the government this week. The shattering force of last…
MOSCOW (Reuters) – President Vladimir Putin on Friday said Russia needed to act quickly to counter what he called the West’s “economic aggression”, adding Moscow would expand ties with countries in Eurasia, Africa and Latin America. Russia’s economy has faced multiple challenges this year, including a weaker rouble, lower energy revenues and further isolation as…
BEIJING (Reuters) – China’s three largest airlines reported narrower losses in the first quarter, with domestic and international travel picking up after the country dropped its strict COVID restrictions at the end of last year and reopened its borders. Shanghai-based China Eastern Airlines Corp Ltd, China’s no. 3 carrier by revenue, cut its first quarter…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp made a record first-quarter profit by pumping more oil and gas, beating analyst estimates and taking shares to an all-time high. Exxon doubled profits from the same quarter last year as higher output more than compensated for lower energy prices. Shares rose 2.3% to a record…
