Bank of America profit hurt by losses on credit cards, office loans
By Saeed Azhar and Mehnaz Yasmin NEW YORK (Reuters) -Bank of America shares on Tuesday fell more than 3% after its first-quarter profits shrank and the bank set aside more…
Lockheed wins US missile defense contract worth $17 billion
By Mike Stone (Reuters) -Lockheed Martin has won a $17 billion contract to develop the next generation of interceptors to defend the United States against an intercontinental ballistic missile attack,…
Tesla laying off more than 10% of staff globally as sales fall
By Victoria Waldersee BERLIN (Reuters) -Tesla is laying off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling…
Broadcom questioned by EU over VMware licensing changes
By Foo Yun Chee BRUSSELS (Reuters) – U.S. chipmaker Broadcom is being asked by EU antitrust regulators about changes to newly acquired cloud computing company VMware’s licensing conditions following complaints…
Love him or loathe him – can jurors be fair to Donald Trump?
By Jack Queen NEW YORK (Reuters) – When prospective New York City jurors gather for Donald Trump’s hush money criminal trial on Monday, it may be tough to find ones…
Gulf markets tick down after Iran attacks Israel, global traders on edge
By Federico Maccioni and Alun John DUBAI/LONDON (Reuters) -Gulf markets dropped slightly on Sunday, an early indication of investor reaction to Iran’s unprecedented attack on Israeli territory, as investors prepared…
China EV maker Nio urges openness in US speech amid tensions
(Repeats with no changes to text) SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Nio’s founder called for openness in a rare speech in the United States, where politicians have been…
US to announce additional $100 million in aid to respond to Sudan conflict
By Daphne Psaledakis WASHINGTON (Reuters) -The United States on Sunday will announce an additional $100 million in aid to respond to the conflict in Sudan, according to a statement seen…
Pakistan repays $1 billion in Eurobonds, says central bank
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan’s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a…
China natural disasters cost $3.3 billion in first quarter, government says
BEIJING (Reuters) – Floods, droughts, an earthquake and freezing conditions in China caused direct economic losses of 23.76 billion yuan ($3.28 billion) in the first quarter, the government said on…