News
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EXPLAINER-German parliament deals historic setback to would-be chancellor Merz - what now?
By Thomas Escritt BERLIN, May 6 (Reuters) - Friedrich Merz's failure on Tuesday to win the required absolute majority in parliament to be elected chancellor of Germany leaves him weakened but not yet defeated.Here is the procedure for electing a successor to the outgoing chancellor, Olaf Scho...Reuters
Tue, May 6
PostNL's operating loss widens in first quarter; shares drop
By Johan BODINIERMay 6 (Reuters) - PostNL's PTNL.AS loss widened in the first quarter from a year earlier, the Dutch postal operator said on Tuesday, hurt by a steep decline in mail volume and higher wage costs that undercut gains in parcel delivery and pressured profitability.The company poste...Reuters
Tue, May 6
EU trade chief says bloc will not be pressured into unfair deal with US
BRUSSELS, May 6 (Reuters) - The European Union does not feel under undue pressure to accept an unfair trade deal with the United States, the EU's trade chief said on Tuesday, adding that other trading partners were very keen to accelerate talks with the bloc."We do not feel weak. We do not w...Reuters
Tue, May 6
Maple Leaf Foods Inc expected to post earnings of 27 cents a share - Earnings Preview
Maple Leaf Foods Inc MFI.TO is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Mississauga Ontario-based company is expected to report a 3.5% increase in revenue to C$1.193 billion from C$1.15 billion a year ago, according to th...Reuters
Tue, May 6
Lincoln National Corp expected to post earnings of $1.53 a share - Earnings Preview
Lincoln National Corp LNC.N, LNC is expected to show a rise in quarterly revenue when it reports results on May 8 for the period ending March 31 2025The Radnor Pennsylvania-based company is expected to report a 2.2% increase in revenue to $4.687 billion from $4.58 billion a year ago, according to ...Reuters
Tue, May 6
EXCLUSIVE-US cancels FDA bargaining session over layoffs, union says
Five-hour meeting with the FDA's largest workers union axed without explanationUnion denied chance to bargain before April 1 layoffsCourt injunction blocks Trump executive order on collective bargaining pending lawsuit outcomeBy Patrick Wingrove May 6 (Reuters) - The Trump administration last...Reuters
Tue, May 6
Carney meets Trump in bid to reset strained Canada-US relations
Carney expects difficult yet constructive talks, no immediate breakthroughsCanada is second-largest U.S. trading partner after MexicoCarney was elected Liberal leader in March, replacing Justin TrudeauBy David Ljunggren WASHINGTON, May 6 (Reuters) - Canadian Prime Minister Mark Carney is set to m...Reuters
Tue, May 6
M&A deal signing hits 20 year-low after Trump's 'Liberation Day'
M&A contracts inked fall to lowest level since 2005, Dealogic data showsTrump's tariffs cause market volatility, impacting M&A and IPO plansTech deals remain strong amid tariff uncertainty, Citi banker notesBy Sabrina Valle NEW YORK, May 6 (Reuters) - Bankers and CEOs hit the brakes o...Reuters
Tue, May 6
Humanitarian aid restrictions may violate US law, US Democrats say
Group of senators requests GAO probe into aid restrictionsConcerns focus on Gaza aid blockade by IsraelSenators' letter cites violations of US rights lawsBy Patricia Zengerle WASHINGTON, May 6 (Reuters) - A group of U.S. senators wants Congress' watchdog agency to investigate whether cont...Reuters
Tue, May 6
FOCUS-As Trump tariffs sink in, Canadian companies pivot from US to new markets
Canadian companies are setting up sales channels, offices overseasCanada's Mark Carney says relationship with the U.S. is changed foreverWhite House says tariffs will be gone if Canada becomes the 51st stateBy Promit Mukherjee OTTAWA, May 6 (Reuters) - A manufacturer of capsules and tablets f...Reuters
Tue, May 6
EXCLUSIVE-Kennedy aide and vaccine critic questions recent expert recommendations
Kennedy aide Archer criticized vaccines on social media Archer seeks more data on RSV vaccine efficacyKennedy reviewing ACIP recommendations without CDC directorPfizer, GSK affected by potential decision on ACIP recommendationsBy Dan Levine and Leah Douglas May 6 (Reuters) - An aide to U.S. Healt...Reuters
Tue, May 6
HK-listed Swire Pacific says unit to list on Thai exchange
May 6 (Reuters) - Hong Kong-listed Swire Pacific 0019.HK said on Tuesday that its Thai unit will be listing itself on the Thailand stock exchange through a public offering of its shares. The congomerate's unit, ThaiNamthip Corporation is a Thailand-based consumer goods firm and a bottling partne...Reuters
Tue, May 6
China, in response to CIA videos, warns of measures against 'infiltration, sabotage'
BEIJING, May 6 (Reuters) - China warned on Tuesday it would take necessary measures to crack down on "infiltration and sabotage activities of foreign anti-China forces", days after the CIA released videos aimed at enticing Chinese officials to leak secrets to the U.S. The U.S. intelligence a...Reuters
Tue, May 6
Deals of the day-Mergers and acquisitions
May 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Arthur J Gallagher announced that it has acquired Türkiye-based boutique insurance and reinsurance broker Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera).nL6N3RE0C2** U.S. meal...Reuters
Tue, May 6
U.S. seeks breakup of Google's ad-tech products after judge finds illegal monopoly
US DOJ seeks divestiture of Google's ad tech productsGoogle says DOJ ask has "no basis in law"Google will face antitrust trial in September May 6 (Reuters) - The U.S. Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing ...Reuters
Tue, May 6
Germany's AfD backs new vote for chancellor on Wednesday
BERLIN, May 6 (Reuters) - The far-right Alternative for Germany (AfD) supports a second vote in parliament for chancellor taking place on Wednesday, the party co-leader said after conservative leader Friedrich Merz failed to win the majority needed."We will not stand in the way of a second round...Reuters
Tue, May 6
Gallagher acquires Türkiye-based broker Aspera
May 6 - (The Insurer) Arthur J Gallagher announced on Tuesday that it has acquired Türkiye-based boutique insurance and reinsurance broker Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera).Terms of the transaction has not been disclosed.Aspera will become a part of Gallagher’s operations in the c...Reuters
Tue, May 6
China's Xi ready to work with EU to expand ties, handle friction
BEIJING, May 6 (Reuters) - President Xi Jinping said China was ready to work with European Union leaders to expand mutual openness and properly handle frictions and differences, the official news agency Xinhua reported on Tuesday.The remarks come on the 50th anniversary of diplomatic ties between Ch...Reuters
Tue, May 6
Norway fund urged by union to divest from companies aiding Israel in occupied territories
Norway's fund is world's largest sovereign wealth fundHas been a focus for divestment campaignersOne company excluded, one more under considerationWatchdog's review has cleared most companiesCurrent ethical framework 'works well' -deputy fin minBy Gwladys Fouche OSLO, May 5 (R...Reuters
Tue, May 6
