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Spotify says it’s back after an hourslong outage disrupts thousands of users

NEW YORK (AP) — Spotify experienced a widespread outage Wednesday — with tens of thousands of users reporting problems with the popular music and audio streamer. But the platform said it was back up and running hours later. “All clear — thanks for your patience,” ...
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Fed’s Hammack sees steady monetary policy as central bank seeks more data

By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Beth Hammack said on Wednesday that high levels of uncertainty in the U.S. economy right now argue for the central bank to hold steady on interest rate policy and ...
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Italy’s Cucinelli reports 10.5% sales growth in first quarter

(Reuters) – Italian luxury fashion group Brunello Cucinelli on Wednesday said sales had risen 10.5% at constant exchange rates in the first quarter, boosted by a solid performance in retail and wholesale channels. Cucinelli confirmed its expectations for sales growth of ...
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World Bank’s Banga says unsure of US contribution to IDA, Trump dialogue constructive

WASHINGTON (Reuters) – World Bank President Ajay Banga said on Wednesday that he has had constructive discussions with the Trump administration about the development lender but added that he does not know how much the U.S. will contribute to the ...
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EU shelves idea of sanctions on Russian LNG imports

BRUSSELS (Reuters) – European officials have dropped the idea of pushing for a ban on the bloc’s Russian liquefied natural gas imports in upcoming packages because of resistance from some governments and uncertainty about alternative sources, EU officials said. Instead, ...
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Major Florida grower plans to build new community after ending citrus operations

FORT MYERS, Fla. (AP) — One of Florida’s biggest citrus growers plans to build a 3,000-acre (1,200 hectare) community in southwest Florida, just months after announcing it was abandoning its citrus-growing operations at the end of this year’s season. Alico, Inc. said it has filed ...
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Is Spotify down? Thousands of users report problems with the music streaming app

NEW YORK (AP) — Spotify appeared to be experiencing widespread technical issues Wednesday morning — with tens of thousands of users reporting problems with the popular music and audio streamer. Many of those users said they were having difficulty loading both the app and website, ...
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Tesla’s first-quarter registrations in California fell 15%, industry data shows

(Reuters) – Tesla’s electric vehicle registrations in California dropped 15.1% during the first quarter, according to industry data, signaling growing challenges for the Elon Musk-led automaker in the crucial U.S. market.(Reporting by Akash Sriram in Bengaluru; Editing by Shounak ...
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Ford’s China business made $900 million last year

By Nora Eckert DETROIT (Reuters) -Ford Motor’s China business, including exports from the country, made $900 million in earnings before interest and taxes last year, one of the automaker’s top executives said on Wednesday. John Lawler, Ford’s vice chair and former chief financial officer, gave a ...
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WTO slashes 2025 trade growth forecast, warns of deeper slump

By Olivia Le Poidevin and Philip Blenkinsop GENEVA (Reuters) – The World Trade Organization sharply cut its forecast for global merchandise trade from solid growth to a decline on Wednesday, saying further U.S. tariffs and spillover effects could lead to the ...
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US crude stocks rise, gasoline and distillate inventories fall – EIA

NEW YORK (Reuters) – U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 515,000 barrels to 442.9 million barrels in the week ended April 11, the EIA ...
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US business inventories rise moderately in February

WASHINGTON (Reuters) – U.S. business inventories increased slightly in February amid strong sales growth likely as households stocked up on goods ahead of tariffs on imports. Inventories rose 0.2% after climbing 0.3% in January, the Commerce Department’s Census Bureau said on ...
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