Latest
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Insight
Boeing is burning through its cash – that’s good
How can a blown-out door plug on an aircraft in midair be a blessing in disguise? When the wake-up call from that near-miss accident is so loud that Boeing Co is willing to burn the cash it needs to finally get its supply chain in order.
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Auto
Battery recycling shatters the myth of EV waste
Making a battery for an electric vehicle (EV) typically requires mining hundreds of pounds of hard-to-extract minerals.
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Economy
Nasa chief asks nations to work together on climate change
Nasa is hoping that nations will work together more closely in the future on topics such as climate change, including greenhouse gas emissions, the space agency’s head, Bill Nelson says.
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Corporate News
Boeing CEO upbeat on cash goal, quality review
Boeing Co chief executive officer Dave Calhoun says the embattled planemaker is making progress toward turning around its manufacturing and that it will hit its mid-decade cash-flow goal, even after reporting a major outflow in the first three months of the year as it slows output.
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Markets
Battery stocks’ rally in India likely to extend
A rally in India’s battery maker stocks this month looks poised to extend amid optimism over further collaborations with foreign vehicle manufacturers.
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Corporate News
NYCB faces tough choices on CRE loans, balance sheet diversification
New York Community Bancorp (NYCB) will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify its revenue as it races to shore up its finances.
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Banking
Bank asset values in UK face 5% hit this decade
Banks in the United Kingdom may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
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Economy
Congo accuses Apple of using ‘blood minerals’ from war-torn east
The government of the Democratic Republic of Congo (DRC) is accusing Apple of using “illegally exploited” minerals extracted from the country’s embattled east in its products, according to lawyers representing the African country.
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Corporate News
Meta projects higher spending, weaker revenue
Meta Platforms Inc increased its spending estimates for the year and projected second quarter sales that were below Wall Street’s expectations, once again raising questions about whether its futuristic technological bets will eventually pay off for investors.
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Property
Property market recovery on the horizon
When it comes to Chinese real estate, John Lam is a lone wolf. The UBS analyst shocked markets three years ago with a rare “sell” rating on China Evergrande Group, 11 months before it defaulted and became the poster child for the property collapse.
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Aviation
Airlines must now provide automatic refunds for cancelled flights
Airlines will now have to provide automatic refunds to travellers if flights are cancelled or significantly altered under new US Department of Transportation (DoT) rules, a significant change for consumers that could drive up costs across the industry.
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World
13 dead in central Senegal road accident
DAKAR, April 25 (Xinhua) -- Thirteen people were killed and around 40 others were injured in a traffic accident in central Senegal Thursday evening, local media reported.
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Markets
Oil settles higher on weak US GDP growth, supply concerns
Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza's Rafah and on the US Treasury secretary's comments that the economy was performing well.
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World
Indigenous people protest Brazil not protecting ancestral lands
BRASILIA (Reuters) -Several thousand Indigenous demonstrators marched chanting to drum beats on Thursday to the seat of power in Brazil's capital to protest against the government's failure to protect their ancestral lands.
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World
Canada launches U.S. dollar global bond to bolster foreign reserves
OTTAWA, April 25 (Xinhua) -- The Canadian Finance Ministry announced Thursday it has launched a five-year U.S. dollar global bond to bolster the country's foreign reserves.
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World
Algeria hosts 23rd "Chinese Bridge" language competition for university students
ALGIERS, April 25 (Xinhua) -- The final round of the 23rd "Chinese Bridge" language competition for university students in Algeria was held on Thursday at Algiers 2 University.
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Football
Soccer-Feyenoord coach Slot wants Liverpool job - report
(Reuters) - Feyenoord's Arne Slot wants to succeed Juergen Klopp as Liverpool manager, the Dutchman said on Thursday, and he expects his club and the Premier League side to reach an agreement soon.
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World
Trump's three US Supreme Court appointees thrash out immunity claim
WASHINGTON (Reuters) - When the U.S. Supreme Court ultimately rules on Donald Trump's claim of presidential immunity from prosecution, a third of those deciding the matter will be justices he appointed to their lifetime posts.
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World
Alphabet reports revenues, net income jump in first quarter
SAN FRANCISCO, April 25 (Xinhua) -- Alphabet Inc., Google's parent company, on Thursday reported its first-quarter revenue at 80.54 billion U.S. dollars, up 15 percent from the same period last year.
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World
Weekly storage of natural gas in U.S. increases: EIA
HOUSTON, April 25 (Xinhua) -- Working gas storage in the contiguous United States was 2,425 billion cubic feet in the week ending April 19, a net increase of 92 billion cubic feet from the previous week, the U.S. Energy Information Administration (EIA) said Thursday.