By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit as a strong performance in Europe offset weaker trade in Brazil and the United States. Its net profit rose to 2.57 billion euros helped by higher lending income and despite a hit of 224 million…
By Rosalba O’Brien (Reuters) – When Eric Gaillard first went to photograph the Cannes Film Festival in 1981, it was a smaller, more intimate affair – the kind of place where you could see the greats from Hollywood’s Golden Age like Lauren Bacall or Ava Gardner wandering alone on the esplanade or having fun on…
(Reuters) – Southwest Airlines Co said on Thursday it expects “solid profits” in the current quarter on strong summer bookings, and flagged 20 fewer deliveries of the MAX jets this year from Boeing Co. The largest U.S. domestic airline, which reported a second-quarter loss due to a one-time charge owed to mass cancellations in December,…
By Leika Kihara and Jihoon Lee INCHEON, South Korea (Reuters) -Japan and South Korea held their first finance leaders’ meeting in seven years on Tuesday and agreed to resume regular dialogue as tensions in the wider region and slowing growth prod them to increase co-operation and mend strained relations. The resumption of bilateral financial discussions…
BEIJING (Reuters) – China’s services activity contracted for a third straight month in May, pointing to a slow recovery ahead despite the easing of some COVID lockdowns in Shanghai and neighbouring cities, a private business survey showed on Monday. The Caixin services purchasing managers’ index (PMI) rose to 41.4 in May from 36.2 in April,…
By Luc Cohen NEW YORK (Reuters) -Donald Trump’s push for a new trial in the civil case in which a Manhattan jury last month found the former U.S. president had sexually abused and defamed the writer E. Jean Carroll is “magical thinking,” Carroll’s lawyers said on Thursday. Trump, the front-runner for the 2024 Republican presidential…
(Reuters) – Russian lender Sberbank said on Monday it had released technology called GigaChat as a rival to ChatGPT, initially in an invite-only testing mode, joining the artificial intelligence chatbot race. The release last year of ChatGPT, a chatbot from the Microsoft-backed startup OpenAI, has caused a sprint in the technology sector to put AI…
By Leika Kihara SHIZUOKA, Japan (Reuters) -Bank of Japan (BOJ) Deputy Governor Masazumi Wakatabe on Thursday warned against watering down the bank’s 2% inflation target, saying that doing so would undermine the effects of its ultra-loose monetary policy. The remark came in the wake of a proposal by a panel of academic and business executives…
By Anna Ringstrom and Marie Mannes STOCKHOLM (Reuters) -Shares in Swedish Match soared on Tuesday after U.S. rival Philip Morris International Inc said it was in talks to buy the Stockholm-based tobacco products company, betting on a growing market for alternatives to cigarettes. The two companies issued separate statements after the Stockholm bourse closed on…
By Nathan Layne, Alexandra Ulmer and Gram Slattery (Reuters) – Former President Donald Trump is leveraging his connections to loyalists in key primary states to lobby for voting rules and dates that could cement his front-runner status in the race for the 2024 Republican presidential nomination, his team and sources in several states told Reuters….
