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Volvo Cars to slash 3,000 jobs in white-collar cutback
Layoffs represent some 15% of company's total office staffGroup announced plans last month to slash costs by $1.9 billionVolvo Cars more exposed than many European peers to U.S. tariffsBy Marie Mannes and Anna Ringstrom STOCKHOLM, May 26 (Reuters) - Volvo Cars VOLCARb.ST will cut 3,000 mostly...Reuters
Mon, May 26
FBI announces new probes into Dobbs Supreme Court leak, White House cocaine incident
By Raphael SatterWASHINGTON, May 26 (Reuters) - The FBI will launch new probes into the 2023 discovery of cocaine at the White House during President Joe Biden's term and the 2022 leak of the Supreme Court's draft opinion overturning Roe v. Wade, a top official announced on Monday.Dan Bongin...Reuters
Mon, May 26
Hamas agrees to U.S. proposal on Gaza ceasefire, Palestinian official says
CAIRO, May 26 (Reuters) - Hamas has agreed to a proposal by U.S. special envoy Steve Witkoff for a Gaza ceasefire, a Palestinian official close to the group told Reuters on Monday.The new proposal, which sees the release of ten hostages and 70 days of truce, was received by Hamas through mediators.Reuters
Mon, May 26
Portugal's Millennium bcp says it doesn't need M&A to be competitive
By Sergio Goncalves LISBON, May 26 (Reuters) - Portugal's largest listed bank Millennium bcp BCP.LS does not need deals, such as potentially buying smaller rival Novo Banco, to stay ahead of the competition, CEO Miguel Maya said on Monday.Unlisted Novo Banco, which is 75% owned by U.S. privat...Reuters
Mon, May 26
African Development Bank to pick new head to confront US funding cuts
AfDB kicks off annual meeting in AbidjanElection of new bank president to take place on ThursdayNew head to confront US funding cuts, other challengesBy Duncan Miriri and Loucoumane Coulibaly NAIROBI/ABIDJAN, May 26 (Reuters) - The African Development Bank is meeting in Ivory Coast this week to p...Reuters
Mon, May 26
Reservoir Media Inc expected to post earnings of 4 cents a share - Earnings Preview
Reservoir Media Inc RSVR.OQ RSVR.O is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending March 31 2025The New York City-based company is expected to report a 4.6% increase in revenue to $40.94 million from $39.15 million a year ago, according to th...Reuters
Mon, May 26
Hamas-led groups execute four for looting aid trucks amid some Gaza dissent
By Nidal al-MughrabiCAIRO, May 26 (Reuters) - Hamas has executed four men for looting some of the aid trucks that have begun entering Gaza, sources familiar with the incident said on Monday, as a clan leader in southern Gaza issued a challenge to the militant group over guarding the convoys.One sour...Reuters
Mon, May 26
National Bank of Canada expected to post earnings of C$2.40 a share - Earnings Preview
National Bank of Canada NA.TO is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending April 30 2025The Montreal Quebec-based company is expected to report a 15.8% increase in revenue to C$3.284 billion from C$2.84 billion a year ago, according to th...Reuters
Mon, May 26
Ukraine's Zelenskiy expected to visit Berlin on Wednesday, sources say
BERLIN, May 26 (Reuters) - Ukrainian President Volodymyr Zelenskiy is expected to visit Berlin on Wednesday, several sources told Reuters on Monday. A spokesperson for the chancellery declined to comment on the planned meeting, which was first reported by news outlet Spiegel. Spiegel said Ze...Reuters
Mon, May 26
LiveOne Inc expected to post a loss of 5 cents a share - Earnings Preview
LiveOne Inc LVO.OQ LVO.O is expected to show a fall in quarterly revenue when it reports results on May 28 (estimated) for the period ending March 31 2025The Beverly Hills California-based company is expected to report a 28.0% decrease in revenue to $22.256 million from $30.9 million a year ago, a...Reuters
Mon, May 26
US homeland security chief says she had 'candid' conversation with Netanyahu about Iran talks
WASHINGTON, May 26 (Reuters) - U.S. Homeland Security Secretary Kristi Noem said on Monday she had a candid conversation with Israeli Prime Minister Benjamin Netanyahu about the United States' negotiations with Iran."President Trump specifically sent me here to have a conversation with the p...Reuters
Mon, May 26
Sono-Tek Corp expected to post earnings of 2 cents a share - Earnings Preview
Sono-Tek Corp SOTK.OQ SOTK.O is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending February 28 2025The Milton New York-based company is expected to report a 7.0% increase in revenue to $5.102 million from $4.77 million a year ago, according to the ...Reuters
Mon, May 26
Bank of Montreal expected to post earnings of C$2.53 a share - Earnings Preview
Bank of Montreal BMO.TO is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending April 30 2025The Toronto Ontario-based company is expected to report a 9.1% increase in revenue to C$8.713 billion from C$7.99 billion a year ago, according to the mean ...Reuters
Mon, May 26
Trump says he's considering taking $3 billion in grants from Harvard and giving it to trade schools
WASHINGTON, May 26 (Reuters) - U.S. President Donald Trump said on Monday he is considering taking $3 billion of grant money away from Harvard University and giving it to trade schools across the United States. His comments, which were made on Truth Social, come less than a week after his administra...Reuters
Mon, May 26
Photronics Inc expected to post earnings of 49 cents a share - Earnings Preview
Photronics Inc PLAB.OQ PLAB.O is expected to show a fall in quarterly revenue when it reports results on May 28 for the period ending April 30 2025The Brookfield Connecticut-based company is expected to report a 2.3% decrease in revenue to $212.068 million from $217 million a year ago, according t...Reuters
Mon, May 26
Bank of Montreal expected to post earnings of C$2.54 a share - Earnings Preview
Bank of Montreal BMO.TO is expected to show a rise in quarterly revenue when it reports results on May 28 for the period ending April 30 2025The Toronto Ontario-based company is expected to report a 8.6% increase in revenue to C$8.674 billion from C$7.99 billion a year ago, according to the mean ...Reuters
Mon, May 26
Macron says Trump, von der Leyen had 'good exchange'
HANOI, May 26 (Reuters) - French President Emmanuel Macron said on Monday that European Commission President Ursula von der Leyen and U.S. President Donald Trump had a "good exchange" and that he said he hopes they can get to the lowest tariffs possible."The discussions are advancing. Th...Reuters
Mon, May 26
