Boeing said Wednesday that it lost $1.2 billion in the first quarter as it and took large write-downs and lost money in both its civilian-airplane and defense businesses. The loss was bigger than Wall Street had forecast, and the company’s quarterly revenue also fell short of expectations. Boeing burned through $3.2 billion in cash. “Messier…
LONDON (AP) — A hands-off approach to moderating content at Elon Musk’s Twitter could clash with ambitious new laws in Europe meant to protect users from disinformation, hate speech and other harmful material. Musk, who describes himself as a “free speech absolutist,” pledged to buy Twitter for $44 billion this week, with European Union officials…
WARSAW, Poland (AP) — Polish and Bulgarian leaders accused Moscow of using natural gas to blackmail their countries after Russia’s state-controlled energy company stopped supplying them with gas Wednesday. European Union leaders echoed those comments and were holding an emergency meeting on the Russian move. The gas cutoff to Poland and Bulgaria came after Russian…
BEIJING (AP) — Drone company DJI Technology Co has temporarily suspended business activities in Russia and Ukraine to prevent use of its drones in combat, in a rare case of a Chinese company pulling out of Russia because of the war. “DJI is internally reassessing compliance requirements in various jurisdictions. Pending the current review, DJI…
NEW YORK (AP) — Payment processing giant Visa’s profits rose 21% in the first three months of the year fueled by a large jump in spending on the company’s namesake credit and debit card network. The San Francisco-based company reported Tuesday that it earned $3.65 billion, or $1.70 a share, in its fiscal second quarter…
Asian shares logged moderate gains on Thursday after Wall Street stabilized following a sell-off in tech stocks the day before. Tokyo’s Nikkei 225 rose 1% to 26,642.88 after the Bank of Japan wrapped up a policy meeting with no major changes, maintaining its near-zero interest rate stance despite a sharp weakening of the yen against…
PARIS (AP) — Soon after his victory was announced, French President Emmanuel Macron took the stage to the sound of the European Union’s anthem, the “Ode to Joy.” The symbolism was strong: The 44-year-old centrist’s election to a second term bolsters his standing as a senior player in Europe. Macron is now expected to push…
WARSAW, Poland (AP) — Polish and Bulgarian officials said Tuesday that Moscow is cutting off natural gas deliveries to their countries due to their refusal to pay in Russian rubles, a demand made by President Vladimir Putin after sanctions were levied against his nation over the invasion of Ukraine. Russian state-owned energy giant Gazprom informed…
TOKYO (AP) — Tokyo’s Shibuya is famed for its Scramble Crossing, where crowds of people crisscross the intersection in a scene symbolizing urban Japan’s congestion and anonymity. It may have added another boasting right. Tokyu Railways’ trains running through Shibuya and other stations were switched to power generated only by solar and other renewable sources…
LOS ANGELES (AP) — General Motors’ net income declined in the first quarter, as the automaker sold fewer cars and trucks worldwide, although higher prices helped boost revenue, especially in North America. GM late Tuesday reported net income of $2.94 billion, or $1.35 per share, versus a profit of $3.02 billion, or $2.03 per share,…
