By Lisa Baertlein and Kannaki Deka (Reuters) -United Parcel Service Inc on Tuesday reported better-than-expected quarterly earnings but shares fell as much as 4.6% after executives said they expect e-commerce delivery growth to cool. UPS, whose shares …
Ford juices production of Lightning F-150 electric truck to meet demand
By Joseph White DEARBORN, Mich. (Reuters) -Ford Motor Co on Tuesday started regular manufacturing of its F-150 Lightning electric pickup truck, the most prominent emblem of the 119-year-old company’s drive to retool for a new century. Ford workers, top…
Polish miner found alive in collapse that killed 6 others
WARSAW (Reuters) – Polish rescue workers have reached a miner trapped underground since a tremor shook the Borynia-Zofiowka mine in southern Poland on Saturday morning, an official at the pit said on Tuesday. Two mines belonging to state-owned JSW have…
FTSE 100 snaps 3-day losing streak; AB Foods slumps on earnings update
By Devik Jain (Reuters) -London’s FTSE 100 inched higher on Tuesday after a three-day sell off, as resource and defensive stocks rose, while HSBC Holdings and Associated British Foods slid following earnings updates. The blue-chip index closed 0.1% hig…
Exclusive-Trafigura to stop buying crude from Russia’s Rosneft ahead of EU deadline
By Julia Payne LONDON (Reuters) -Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia’s state company Rosneft by May 15 when tighter EU rules on Russian oil sales come into effect, a company spokesperson said on Tu…
Wanted: woman with green credentials for worst job in France
By Michel Rose PARIS (Reuters) – It is known in France as the political job from hell. A French prime minister should be loyal, content at lingering in their boss’s shadow and a dab hand with the country’s mille-feuille bureaucracy. He or she should al…
Iveco supply issues to peak this quarter after weighing down Q1
MILAN (Reuters) -Italy’s Iveco Group said on Tuesday supply chain disruptions would peak in the second quarter, after they prevented the truckmaker from benefitting from record orders in the first three months of the year. As the company posted higher-…
Citigroup CEO: covering employee travel costs for abortions not statement on ‘sensitive issue’
NEW YORK (Reuters) – Citigroup Chief Executive Jane Fraser said Tuesday that the bank’s policy of reimbursing employee travel to get reproductive healthcare services, including abortions, is not intended to be “a statement about a very sensitive issue….
At defence talks in Germany, U.S. says world galvanized against Russia’s invasion
By Phil Stewart RAMSTEIN AIR BASE, Germany (Reuters) – The United States said the world was galvanized against Russia’s two-month-old invasion of Ukraine as it hosted defence talks in Germany involving over 40 countries that sought to speed and synchro…
U.S., allies promise heavy arms for Ukraine, shrug off Russian nuclear warning
By Phil Stewart and Pavel Polityuk RAMSTEIN AIR BASE, Germany/KYIV (Reuters) -The United States and its allies promised to send more heavy weaponry to Ukraine during talks at a German air base on Tuesday, brushing off a threat from Moscow that their su…