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Huge supply shortages put cocoa market under strain
Traders desert futures contracts amid fears over delivery of beans next yearFinancial Times - Business -
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in AfricaABC News - Tech - Climate -
More money is going to African climate startups, but a huge funding gap remains
African climate-tech startups are increasingly raising money from private sources, but while those funds for climate solutions are growing, a huge gap remains in meeting the actual financial needs for climate action in AfricaABC News - Top stories - Climate -
Georgia parliament cancels session after building damaged during huge protests
The parliament of Georgia has cancelled its plenary session following massive protests against a proposed law that critics fear will stifle media freedom and endanger the country’s bid for membership in the European UnionABC News - World -
Tyrese Maxey saves Sixers from elimination with huge finish in OT win that cuts Knicks' lead to 3-2
Tyrese Maxey saved Philadelphia from elimination with seven points in the final 25 seconds of regulation, finished with 46 and led the 76ers to a 112-106 overtime victory over the New York Knicks in Game 5 of their first-round seriesABC News - Sports -
Evan Mobley has huge block in final seconds as Cavaliers hold off Banchero, Magic 104-103 in Game 5
Donovan Mitchell scored 28 points, Evan Mobley blocked Franz Wagner’s layup in the final seconds and the Cleveland Cavaliers survived a scare from Orlando, holding off Paolo Banchero and the Magic 104-103 in Game 5ABC News - Sports -
Georgian police fire teargas as huge ‘foreign agents’ bill protests rock Tbilisi – Europe live
Masked police also used water cannon and stun grenades against rally protesting over legislation viewed as authoritarian and Russian-inspired. Michael Roth, chairman of the German Bundestag’s foreign affairs committee, has called on Georgia’s ...The Guardian - World -
Europe live: EU warns Georgia ‘foreign agents’ bill threatens its chances to join bloc
Bill has raised concern country is moving away from democratic norms and closer to Moscow. Nicolas Schmit, the Socialists’ lead candidate in the European elections, said he is “deeply concerned” by the violence in Tbilisi.. In a statement late ...The Guardian - World - European Union -
Middle East crisis live: Rebuilding Gaza will cost $30bn to $40bn, UN says as scale of distruction is ‘huge and unprecedented’
UN agency says reconstruction will require effort on a scale unseen since second world war. The EU has offered Lebanon a financial package of €1bn (£855m / $1.07bn), European Commission president Ursula von der Leyen said in Beirut on Thursday.. ...The Guardian - World -
Stellantis Sales Fall Short of Expectations
Stellantis backed its full-year guidance despite revenue falling in the first quarter on lower sales volumes in North America as it prepares production for new models.The Wall Street Journal - Business -
Source: Majority control of Dolphins 'not for sale'
Majority control of the Dolphins is "not for sale," a source told ESPN, after USA Today reported that owner Stephen Ross turned down a $10 billion offer for control of the team, the F1 Miami Grand Prix and Hard Rock Stadium.ESPN - Sports - NFL -
McDonald's Boosts Promos as Boycotts Hit Global Sales
On an earnings call, CEO Chris Kempczinski says inflation is cutting diner budgets and Muslim-majority markets are experiencing slower sales.Inc. - Business -
Volkswagen Hit by Drop in Car Sales But Confirms Outlook
Volkswagen posted lower sales revenue and profit margins in the first quarter on fewer vehicle sales and higher costs, but backed its full-year outlook.The Wall Street Journal - Business -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - World -
Hot Property: five homes for sale in the Midi-Pyrénées
From a Gascon château with a pigeonnier and orangery to a rustic, renovated house with a libraryFinancial Times - World -
Starbucks Shares Plunge After Sales, Earnings Miss
Speeding up service and introducing new beverages are part of efforts to win back customers, executives say.The Wall Street Journal - Business -
Amazon sales soar with boost from artificial intelligence and advertising
Revenue at Amazon Web Services increases to $25bn as retail giant releases earnings report surpassing Wall Street expectations. Amazon profits soared once again in the first quarter of 2024, the company announced on Tuesday – the latest in a ...The Guardian - World -
Amazon Sales Surge as Company Focuses on AI
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s postpandemic slump.The Wall Street Journal - Business - Amazon -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - World -
Aston Martin losses jump 90% as SUV sales drop
British carmaker reports £138.8mn pre-tax loss as it wrestles with debtFinancial Times - Business -
Next Backs Guidance as Sales Rise Tops Hopes
Next reiterated its guidance for fiscal 2025, forecast an adjusted profit of £960 million, after reporting an above-forecast rise in full-price sales for the first quarter.The Wall Street Journal - Business -
Mercedes-Benz Posts Profit Beat Despite Lower Car Sales
Mercedes-Benz reported lower profit and revenue for the first quarter fell on fewer cars sales and supply-chain bottlenecks but confirmed its guidance for the year.The Wall Street Journal - Business -
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Amazon Sales Surge as Company Trains Focus on Artificial Intelligence
The company reported record first-quarter sales as the AI boom powered growth in its cloud-computing unit, helping Amazon continue to shake off last year’s post-pandemic slump.The Wall Street Journal - World -
Russell Wilson and Ciara to Pocket $31 Million From Sale of Washington Estate
The famous couple have found a buyer for their 11,000-square-foot Bellevue mansion, after recently selling an adjacent lot for $9.75 million.The Wall Street Journal - World -
Paramount CEO Bob Bakish to step down amid sale discussions
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.CBS News - Entertainment -
AMD boosts its outlook for AI revenue, but stock still falls
AMD lifted its outlook for its MI300 AI accelerator product, which is now expected to drive upwards of $4 billion in revenue this year.MarketWatch - Business -
How a negotiation over cable fees could weigh on Paramount's sale
Charter pays Paramount to carry its channels, including CBS and Nickelodeon. The outcome of the negotiations could weigh on Paramount's valuation in the event of a sale.Los Angeles Times - Entertainment -
Boca Raton's Most Expensive Home Sale Is a $40 Million Teardown
A luxury home builder purchased the waterfront lot with plans to knock down the 1990s house and rebuildThe Wall Street Journal - World -
Same-Store Sales at Starbucks Drop, Pushing Revenue Down 1.8%
After the chain’s quarterly earnings missed Wall Street’s estimates, its shares fell more than 12 percent in after-hours trading.The New York Times - Business -
Amazon cloud sales growth accelerates as group prepares for more AI spending
Ecommerce company’s operating income more than triples as Amazon Web Services and adverts provide a boostFinancial Times - Business -
GSK raises profit outlook on strong vaccine and HIV drug sales
Quarterly results beat expectations and signal strong start for pharma groupFinancial Times - Business -
Yum Brands earnings miss estimates as Pizza Hut, KFC sales disappoint
KFC and Pizza Hut reported same-store sales declines, while Taco Bell's same-store sales rose just 1%.CNBC - Business -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - World - China -
Healthy Returns: Sales of Humira are plunging, but AbbVie has two promising successors
AbbVie has two successors that could offset the losses from its blockbuster drug Humira. Meanwhile, UnitedHealth Group's CEO will testify on Capitol Hill.CNBC - Business -
Dorset auction house withdraws Egyptian human skulls from sale
MP says trade in remains is ‘gross violation of human dignity’, as skulls from Pitt Rivers collection removed. An auction house has withdrawn 18 ancient Egyptian human skulls from sale after an MP said selling them would perpetuate the atrocities ...The Guardian - World -
Venice entry fee tickets go on sale. Here's how they work
Venice's long awaited entry fee for day trippers launched on April 25. Here's how to pay, and how to claim an exemption if you're staying in the city.CNN - Top stories -
China EV Makers Post Higher April Sales Amid Price War
BYD and a host of other Chinese electric-vehicle makers posted higher sales and deliveries in April, offering a sign of rebounding demand amid continuing price wars.The Wall Street Journal - Business - China -
Apple Anticipates iPhone Sales Drop Before AI Gets Into New Models
Cupertino's slow rollout of AI-equipped phones and Huawei's China sales surge add up to predictions of underperformance ahead of Thursday's earnings report.Inc. - Business - Apple -
DoorDash’s outlook is sinking its stock. But one analyst says it typically forecasts conservatively.
Food-delivery company DoorDash Inc. on Wednesday reported a worse-than-expected first-quarter loss amid signs of a slight slowdown in growth for its large U.S. restaurant business, and it offered a second-quarter forecast for a key demand metric ...MarketWatch - Business