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…
(Reuters) – The Federal Reserve issued a detailed and scathing assessment on Friday of its failures to identify problems and push for fixes at Silicon Valley Bank before the regional U.S. lender’s March 10 collapse, and called for stricter rules for banks. Fed Vice Chair for Supervision Michael Barr called the review “unflinching,” describing the…
WASHINGTON (Reuters) -A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused on advertising technology, saying the government’s case was strong enough to go forward. The government, which filed the ad tech lawsuit in January, has argued that Google should be forced to sell its ad manager…
WASHINGTON (Reuters) -A U.S. federal judge on Friday denied Google’s motion to dismiss a Department of Justice antitrust case focused on advertising technology, saying the government’s case was strong enough to go forward. The government, which filed the ad tech lawsuit in January, has argued that Google should be forced to sell its ad manager…
LISBON (Reuters) – The number of foreign tourists visiting Portugal surpassed 2.8 million from January through March, making it the best first quarter on record despite high global inflation and interest rates, data from the National Statistics Institute (INE) showed on Friday. Measuring only foreigners staying in Portuguese hotels, the number by far topped 1.8…
MILAN (Reuters) – Telecom Italia (TIM)’s CEO Pietro Labriola is expected to propose to directors to seek further improvements of multi-billion bids for the company’s landline grid at a board meeting on May 4, two sources familiar with the matter said on Friday. Rival suitors KKR and a consortium comprising Italian state lender CDP and…