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Officials demand answers as crews work to restore power after another Puerto Rico blackout

SAN JUAN, Puerto Rico (AP) — Crews worked early Thursday to restore power to Puerto Rico after a blackout across the entire island that affected the main international airport, several hospitals and hotels filled with Easter vacationers The outage that began past noon Wednesday left ...
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Pernod Ricard’s third-quarter sales miss forecasts

LONDON (Reuters) – Pernod Ricard on Thursday reported a 3% decline in third-quarter sales, missing forecasts as tariff uncertainty rocks the already-struggling spirits sector. Analysts had expected Pernod, the world’s No. 2 Western spirits maker, which produces Jameson Irish whiskey ...
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Barclays to sell stake in British payments business to Brookfield

By Lawrence White LONDON (Reuters) -Barclays has agreed terms for Brookfield Asset Management to buy most of its British payments business, the bank said on Thursday, ending a more than year-long effort to offload the business which processes payments for retailers. Under the complex terms of ...
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Forvia on track to mitigate full exposure to US tariffs, CEO says

By Mathias de Rozario (Reuters) -Forvia has so far mitigated about 50% of its estimated exposure to U.S. tariffs and is on track to cover the rest, the French automotive supplier’s CEO Martin Fischer said in a call on Thursday. The company, which exports goods manufactured ...
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Struggling Ivory Coast cocoa farmers are worried about US tariff plans

N’GATTAKRO, Ivory Coast (AP) — Jean Mari Konan Yao says he’s struggling as a cocoa farmer in the west African nation of Ivory Coast, which produces almost half the world’s cocoa supply of the raw ingredient used in chocolate. Like many in Ivory Coast — ...
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Hermes sales up 7% in first quarter, slightly missing expectations

PARIS (Reuters) – France’s Hermes on Thursday reported a 7% rise in first quarter sales, slightly missing expectations in a rare show of weakness in its top line segment for handbags and fashion items amid a choppy economic environment. Known ...
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Dollar attempts bounce into Easter weekend

By Tom Westbrook SINGAPORE (Reuters) -The dollar lifted from a seven-month low against the yen on Thursday, as U.S.-Japan trade talks avoided the issue of foreign exchange, while it made small gains on other currencies ahead of the long Easter break. The dollar has taken a ...
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Forvia implements tariff action plan with clients and suppliers

(Reuters) -Car parts supplier Forvia is implementing an action plan to mitigate the direct impact of U.S. tariffs on its activities, the France-based company said on Thursday. The company, which exports goods manufactured in its Mexican plants into the United States, has since March been ...
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Exports of sanctioned Russian Arctic oil to China set to rise in April, sources say

By Siyi Liu SINGAPORE/MOSCOW (Reuters) – Russia’s exports of Arctic oil to China are set to rise sharply in April after sellers offered wide discounts and shipment on non-sanctioned tankers to counter a U.S. embargo, analytics firm Vortexa and two Russian ...
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TSMC Q1 profit surges 60%, beats forecasts

TAIPEI (Reuters) – TSMC, the world’s largest contract chipmaker, posted a 60% jump in first-quarter net profit on Thursday, beating market forecasts as it benefited from surging demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co, whose customers ...
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Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday. Japan’s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March, for the fourth ...
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ABB Q1 profit beats forecasts as company announces robotics spin-off

ZURICH (Reuters) – ABB reported better than expected profit during its first quarter as the Swiss industrial group said it also planned to spin off its robotics division. The maker of factory robots, electric motors and drives said its operational earnings ...
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