Global Airline Industry More Than Doubles Its Profit Forecast
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On Holding more than doubles profit
On Holding, the Swiss apparel maker backed by tennis legend Roger Federer, said its first-quarter profit more than doubled on strong direct-to-consumer sales.MarketWatch - Business -
Tesco chief’s pay more than doubles to £10mn
Ken Murphy earns performance-linked bonuses of £8.3mn after hitting targetsFinancial Times - Business -
Tesco boss's pay more than doubles to £10m
Ken Murphy's package includes a pay-out from shares awarded after he joined the supermarket giant.BBC News - Top stories -
Tencent profits soar on its online advertising boom
Chinese internet giant focuses on other high-margin businesses as its blockbuster online games ageFinancial Times - World -
Singapore Airlines Posts Record Annual Profit on North Asia Rebound
Singapore’s flag carrier attributed the increase in profit to air travel demand boosted by a rebound in North Asia, with China, Hong Kong, Japan and Taiwan fully reopening their borders.The Wall Street Journal - World -
Producer Prices Rose More Than Expected in April
Producer Prices Rose More Than Expected in AprilThe Wall Street Journal - World -
Amazon Gets New Cloud-Computing Boss as AI Battle Shakes Up Its Top Profit Engine
The chief executive of Amazon Web Services, Adam Selipsky, is stepping down and will be succeeded by Matt Garman, the company’s senior vice president of sales and marketing.The Wall Street Journal - World -
Amazon Gets New Cloud-Computing Boss as AI Battle Shakes Up Its Top Profit Engine
The chief executive of Amazon Web Services, Adam Selipsky, is stepping down and will be succeeded by Matt Garman, the company’s senior vice president of sales and marketing.The Wall Street Journal - Tech -
Apple Taking Vision Pro Headset Global
Reports say international stores are sending workers to Cupertino to learn the new gear and sell it worldwide after Apple'sWorldwide Developers Conference in June.Inc. - Business - Apple -
National-debt interest now costs more than Medicare or defense
Last week we got “good news” on Social Security and Medicare. Here’s the rest of the story.MarketWatch - Business -
Wholesale prices rose 0.5% in April, more than expected
The producer price index was expected to increase 0.3% in April, according to the Dow Jones consensus estimate.CNBC - Business -
Huge billboard toppled by storm kills more than a dozen people in India
A metal billboard bigger than an Olympic swimming pool crumpled onto a gas station in Mumbai, killing at least 14 people and wounding dozens more.CBS News - World -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Men plead not guilty to Sycamore Gap felling
Daniel Graham and Adam Carruthers, both from Cumbria, are accused of damaging the world-famous tree.BBC News - Top stories -
Global violence causing record numbers of internally displaced people
Conflicts in Gaza, Sudan and the Democratic Republic of the Congo have led to a total of 68m IDPs across the world. Conflict has forced more than 68 million people to leave their homes as of the end of 2023 – the highest figure since data became ...The Guardian - World -
Indian spices face heat over global safety concerns
India is a global powerhouse of spices. But recent quality concerns have cast a cloud on its position.BBC News - Top stories -
Jamie Dimon urges the U.S. to deal with its deficit sooner rather than later
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. government to reduce its fiscal deficit sooner rather than later.CNBC - Business -
Wildfires may be emitting more carbon and toxic chemicals than assumed, by changing soil composition: Study
Wildfires may be releasing more planet-warming carbon dioxide and toxic chemicals than previously anticipated — by changing the composition of the soil systems that they burn, a new study has found. The charcoal-like remnants of charred wood and ...The Hill - Politics -
The Latest | More than half a million people flee fighting in Rafah and northern Gaza, UN says
The United Nations says more than half a million Palestinians have been displaced in recent days by escalating Israeli military operations in both southern and northern GazaABC News - World -
Dr. Cyril Wecht, celebrity pathologist who argued more than 1 shooter killed JFK, dies at 93
Dr. Cyril Wecht has died at age 93 after spending much of his life pressing his view that more than one shooter was involved in President John Kennedy’s 1963 assassinationABC News - Entertainment -
Money managers are more bullish than at any point since November 2021, survey shows
Money managers expect the Federal Reserve will start cutting rates in the second half of 2024 and believe the U.S. will avoid a recessionMarketWatch - Business