News
Important Only
Democratic US Representative Connolly dies at age 75
WASHINGTON, May 21 (Reuters) - Democratic U.S. Representative Gerald Connolly has died following his diagnosis with cancer of the esophagus last year, his family said in a statement posted to the Virginia lawmaker's account on X on Wednesday. He was 75.Connolly, first elected to the U.S. House o...Reuters
Wed, May 21
Marsh Specialty appoints Payne its UK marine, cargo and logistics CEO
By Michael JonesMay 21 - (The Insurer) - Marsh Specialty has appointed Jay Payne as CEO of its UK marine, cargo and logistics practice, the unit's chief executive Dominic Samengo-Turner said on Linkedin.Payne, who previously led Marsh Specialty's UK cargo business, will start his new positio...Reuters
Wed, May 21
EU plans 2 euro fee for low-value parcels in setback for Shein, Temu
EU received 4.6 bln low-cost e-commerce packages in 2024, 91% from ChinaEU plans to phase out duty-free exemption for goods worth less than 150 eurosChina urges EU to maintain commitment to open trade BRUSSELS, May 21 (Reuters) - The European Union is set to propose a 2 euro ($2.27) handling fee ...Reuters
Wed, May 21
Elliott Announces Shareholders Vote For Change At Phillips 66
May 21 (Reuters) - Elliott Investment Management:ELLIOTT ANNOUNCES SHAREHOLDERS VOTE FOR CHANGE AT PHILLIPS 66ELLIOTT INVESTMENT MANAGEMENT - ELLIOTT NOMINEES ELECTED TO PHILLIPS 66 BOARDELLIOTT: SIGMUND CORNELIUS AND MICHAEL HEIM WERE ELECTED TO PHILLIPS 66 BOARD OF DIRECTORS AT AGMELLIOTT INVESTM...Reuters
Wed, May 21
US abandons police reform accords sought over deaths of George Floyd and Breonna Taylor
By Sarah N. Lynch WASHINGTON, May 21 (Reuters) - The U.S. Justice Department is abandoning efforts to secure court-approved settlements with Minneapolis and Louisville, despite its prior finding that police in both cities routinely violated the civil rights of Black people, a senior official said...Reuters
Wed, May 21
Shopify launches AI tool that builds complete online stores from keywords
May 21 (Reuters) - Shopify SHOP.TO, SHOP.O on Wednesday rolled out a generative artificial intelligence feature that would allow merchants on its e-commerce platform to set up their online stores by entering descriptive keywords. The "AI Store Builder" generates three store layouts, comp...Reuters
Wed, May 21
Boeing increases 737 production pace as quality, safety culture improves
Boeing aims to stabilize 737 MAX production at 38 planes monthlySafety concerns reported by employees rose 220% from 2023 to 2024Machine learning used to analyze supply chain for quality issuesBy Dan Catchpole SEATTLE, May 21 (Reuters) - Boeing expects to stabilize 737 MAX production at 38 airpla...Reuters
Wed, May 21
Motorola Solutions nears $4.5 billion deal to buy Silvus, Bloomberg News reports
May 21 (Reuters) - Motorola Solutions MSI.N is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter.The companies could announce a deal within weeks, the report said, a...Reuters
Wed, May 21
UK pledges over $5 million in aid to Gaza
LONDON, May 21 (Reuters) - Britain pledged 4 million pounds ($5.4 million) in humanitarian aid to Gaza, the government said on Wednesday, as its Minister for Development Jenny Chapman visited Israel and the occupied Palestinian territories. "The Israeli government’s failure to allow full ...Reuters
Wed, May 21
Deals of the day-Mergers and acquisitions
May 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Motorola Solutions is in advanced talks to acquire closely held wireless-radio maker Silvus Technologies for around $4.5 billion, Bloomberg News reported, citing pe...Reuters
Wed, May 21
US air traffic control system failing Americans, airline CEOs say
By David Shepardson WASHINGTON, May 21 (Reuters) - Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States' aging air traffic control system, saying it is "failing Americans." The Federal Aviation Administration...Reuters
Wed, May 21
Boxing-'I'm back': Pacquiao coming out of retirement to face Barrios in title fight
May 21 (Reuters) - Manny Pacquiao will come out of retirement to face Mario Barrios for the WBC welterweight championship on July 19 in Las Vegas, the 46-year-old Filipino boxer said on Wednesday.Pacquiao is the only boxer to win world championships in a record eight weight divisions while he wa...Reuters
Wed, May 21
Russia says it downed over 232 Ukrainian drones, forcing Moscow airports to halt some flights
Russia says it shot down at least 232 dronesUkraine says it hit semiconductor devices plantRussia advances in eastern Ukraine Amid talk of peace, the war continues By Guy Faulconbridge and Anton Kolodyazhnyy MOSCOW, May 21 (Reuters) - Russia said on Wednesday that its air defences had shot down a...Reuters
Wed, May 21
CORRECTED-Democratic US Representative Connolly dies, his family says
WASHINGTON, May 21 (Reuters) - Democratic U.S. Representative Gerald Connolly has died, his family said in a statement posted to his account on X on Wednesday following the Virginia lawmaker's cancer diagnosis last year. He was 75.Reuters
Wed, May 21
India's Colgate-Palmolive quarterly profit declines on slowing urban demand
May 21 (Reuters) - Colgate Palmolive India COLG.NS posted a drop in fourth-quarter profit on Wednesday, as sales slowed down on softening urban demand and intensified competition. The toothpaste maker's net profit fell 6.5% to 3.55 billion Indian rupees ($41.51 million) in the quarter ended Marc...Reuters
Wed, May 21
REFILE-UK pledges over $5 million in humanitarian aid to Gaza
LONDON, May 21 (Reuters) - Britain pledged on Wednesday 4 million pounds ($5.37 million) in humanitarian aid to Gaza, the government said, as Minister for Development Jenny Chapman visited Israel and the occupied Palestinian territories.($1 = 0.7450 pounds)Reuters
Wed, May 21
