By Khalid Abdelaziz, Nafisa Eltahir and Humeyra Pamuk KHARTOUM (Reuters) – Heavy gunfire shattered a 24-hour truce in Sudan on Tuesday shortly after it was due to take effect under U.S. pressure on warring military factions to halt fighting that has touched off a humanitarian crisis. Loud shooting reverberated in the background of live feeds…
(Reuters) -Property and casualty insurer Travelers Companies Inc on Wednesday reported a fall in quarterly profit, hurt by severe wind and hail storms in parts of the United States in March. Core income of the New York-based company, often seen as a bellwether for the insurance sector as it typically reports before industry peers, fell…
DUBLIN (Reuters) – Global airline capacity will be lower than expected this year and stay constrained until 2025 at the earliest, warned IATA director general Willie Walsh, due to delays in new aircraft deliveries and a lack of availability of spare parts. “I can’t see anything really improving or significantly improving probably until 2025 at…
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley 5G chip startup EdgeQ Inc said on Wednesday it raised $75 million to help fund a ramp up in production as the company starts selling its technology to customers, including telecom operators. It also announced that Lattice Semiconductor Corp CEO Jim Anderson is joining EdgeQ’s…
By Matt Tracy WASHINGTON (Reuters) – Credit ratings agency Moody’s Investors Service Inc said on Wednesday it has pushed more highly indebted companies to the bottom of its junk ratings barrel and that debt defaults are also on the rise as financing conditions tighten. The number of companies rated B3 negative or lower by Moody’s…
(Reuters) – Spotify was facing issues on Wednesday, the audio streaming platform said, with outage tracking website Downdetector reporting that the service was down for over 18,000 users in the United States. “Something’s not quite right, and we’re looking into it,” Spotify said in a tweet. (Reporting by Rahat Sandhu in Bengaluru; Editing by Shailesh…
By Conor Humphries DUBLIN (Reuters) – Ryanair will have to trim its July schedule because it expects around 10 Boeing 737 MAX aircraft will be delayed due to manufacturing issues, Group Chief Executive Michael O’Leary said on Wednesday. “We are beginning to look at schedules maybe being about 10 short for July. We’ll get maybe…
(Reuters) -Citigroup raised its 2023 global economic growth forecast to 2.4%, citing “solid” performance in the United States, euro area and China, and also pushed out its expectation for a U.S. recession to the fourth quarter of the year. Citi economists had earlier pegged global growth at 2.2% for the year and expected the onset…
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more from the interest charged on loans. That cushioned a hit from the bank increasing its rainy-day funds to $427 million from $112 million last year, as it girds for an…
By Soyoung Kim, Ju-min Park and Hyonhee Shin SEOUL (Reuters) – South Korea might extend its support for Ukraine beyond humanitarian and economic aid if it comes under a large-scale civilian attack, President Yoon Suk Yeol said, signalling a shift in his stance against arming Ukraine for the first time. In an interview with Reuters…
