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Analysis-Iran standoff could leave Trump worse off than before he went to war

By Matt Spetalnick WASHINGTON, May 2 (Reuters) - More than two months into a conflict that has failed to deliver a decisive military or diplomatic win, President Donald Trump faces the risk that a standoff with Iran will drag on indefinitely and leave an even ...
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Fuel crisis uncertainty looms as Croatia gears up for the summer tourism season

DUBROVNIK, Croatia (AP) - Summer is still a few months away, but the streets of Croatia's old town of Dubrovnik are already teeming with tourists from all over the world. It's usually a sign of a strong season ahead, but this year uncertainty hangs ...
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Africa’s cellphone towers turn to solar as diesel costs surge

NAIROBI, Kenya (AP) - Rising diesel prices linked to the Iran war are adding urgency to a shift already underway across Africa to move cellphone towers off fossil fuels and onto solar power. Diesel, which powers the majority of Africa's roughly 500,000 telecommunications towers, has ...
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Trump says announcement expected today on Spirit Airlines deal

(WASHINGTON) -- President Donald Trump said an announcement was expected Friday on Spirit Airlines, amid a report that the airline was preparing to cease operations after a $500 million rescue deal fell apart.The Wall Street Journal first reported that the airline is preparing to ...
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Coty’s perfume business takes another knock with David Beckham fragrance lawsuit

By Alexander Marrow and Helen Reid LONDON, May 1 (Reuters) - Beauty brand Coty is facing a lawsuit from DB Ventures, the company behind former football star David Beckham's eponymous fragrance, for what the lawsuit describes as flagrant material breaches of the license agreement, court ...
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Analysis-Investors are running out of time to brace for true oil shock

By Ankur Banerjee and Amanda Cooper SINGAPORE/LONDON, May 1 (Reuters) - In thrall to an AI boom that has sent stocks to record highs and harbouring hopes of a short-lived Iran war, investors have yet to prepare for a doubling of physical oil prices. The ...
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AIG keeps private credit in check to shield portfolio from industry jitters; shares rise

By Pritam Biswas May 1 (Reuters) - AIG has pared back its private credit activity amid current market conditions, the insurer's finance chief said on Friday, helping reassure investors and pushing its shares up about 5% in early trading. Elevated default rates have put big asset ...
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China has now dropped tariffs on imports from every African country except 1

CAPE TOWN, South Africa (AP) - A China policy giving Africa's biggest economies tariff-free access to its market for the next two years came into effect Friday while its economic rival the United States seeks to impose new import taxes under President Donald Trump's ...
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Analysis-Sell in May and go away? Not so fast, investors

By Saqib Iqbal Ahmed NEW YORK, May 1 (Reuters) - Blindly following the old Wall Street adage "sell in May and go away" may prove costly, as investors weigh whether to call time on a powerful market recovery heading into a historically turbulent stretch of ...
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Chevron’s upstream strength lifts first-quarter earnings past estimate

By Sheila Dang HOUSTON, May 1 (Reuters) - Chevron exceeded Wall Street estimates for its first-quarter earnings on Friday, as elevated oil prices linked to the U.S.-Israeli war on Iran helped boost results from its upstream business. The company reported adjusted earnings of $1.41 per share, ...
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Deere names insider Brent Norwood as finance chief

May 1 (Reuters) - Tractor maker Deere on Friday named company insider Brent Norwood as its chief financial officer, following the departure of long-time finance chief Joshua Jepsen in February. Norwood, who was most recently the vice president and finance director for Deere's Construction and ...
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Roblox shares plunge as forecast cut signals safety measures weighing on user growth

May 1 (Reuters) - Roblox shares plunged 24% in premarket trading on Friday after the company lowered its annual bookings forecast, raising concerns that new safety measures could weigh on user growth for several quarters. The videogame platform warned of "continued short-term friction" from new ...
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