BUSINESS

Carlyle Group Inc posted a lower-than-expected 41% year-on-year rise in first-quarter distributable earnings on Thursday, as market volatility prevented the private equity firm from cashing out on assets as much as some analysts expected.

Japan Tobacco (JT) said on Thursday it was considering selling its Russian operations after suspending investment and marketing activities in the country last month following Moscow's invasion of Ukraine.

India has reiterated its position on social-media accountability in response to Elon Musk's pending takeover of Twitter, saying platforms must make checks on users and content.

Nasdaq futures jumped almost 2% on Thursday, as a surge in Meta Platforms shares after its strong results eased pressure on growth and technology stocks that have been battered on concerns about rising interest rates.

Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S.

Strike cripples Sri Lanka as president faces new pressure

Amazon.com Inc has declined to describe its product-search system to an Australian competition regulator that has heard complaints of large marketplace platforms giving preference to in-house wares.

Plans by Full Truck Alliance Co Ltd, China's 'Uber for trucks', to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings of a probe into the company, two people with knowledge of the matter told Reuters.

European shares moved further off six-week lows hit last session as forecast-beating results from companies including energy major TotalEnergies and automaker Volvo Car helped set aside worries about slowing global economic growth.

Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home.

Nokia's Q1 profits eroded by Russia withdrawal

In a race to become India's first chip maker, Vedanta Ltd is seeking 1,000 acres (405 hectares) of free land from states and other incentives for its $20 billion foray into semiconductor and display manufacturing, sources told Reuters.

India's antitrust body launched raids early on Thursday against two top domestic sellers of online retail giant Amazon.com Inc, and some on Walmart's Flipkart, following accusations of competition law violations, sources told Reuters.

Syngenta Group increased its first-quarter sales by 26% as farmers bought seeds and sprays early to avoid possible shortages later in the year, the Swiss agrochemicals company which is planning a $10 billion IPO said on Thursday.

Colombian soldiers confess murders to victims' families

Danish brewer Carlsberg said on Thursday rising consumer prices had not dented demand for beer, as it geared up for further price increases in some markets later this year to make up for soaring commodity costs.

TotalEnergies could up to double its share buybacks this quarter, it said on Thursday, after soaring oil and gas prices as a result of Russia's invasion of Ukraine drove a sharp rise in quarterly earnings.

Unilever raised prices by over 8% in the first quarter and warned more hikes were on the way as the maker of Dove soap and Ben & Jerry's ice cream lifted its cost inflation forecast for the second half of the year due to the Ukraine conflict.

China's policymakers are struggling to find ways to ward off an economic slowdown that threatens job losses in a politically sensitive year, as COVID-19 lockdowns disrupt supply chains and jolt businesses.

Mercedes-Benz will use embedded Faurecia-Aptoide technology to power navigation and other vehicle infotainment functions in a crucial win for the app provider against Alphabet Inc's Google and other technology firms to control car dashboards.

French spirits group Pernod Ricard posted a forecast-beating 20% jump in third quarter sales on Thursday but said COVID-19 measures in China, war in Ukraine, and a normalisation of its U.S.

French spirits group Pernod Ricard said on Thursday strong demand in its key U.S., Chinese and European markets drove a 20% jump in third-quarter organic sales, beating analysts' forecasts by a strong margin.

'Not afraid': Ukraine women learn to demine in Kosovo

South Korea's exports are expected to have posted their slowest growth in 14 months in April while consumer inflation is seen hitting a near 11-year high, a Reuters poll showed on Thursday.

Bank of Japan hikes inflation forecast on soaring energy prices

Warren Buffett is welcoming tens of thousands of people to Omaha, Nebraska for the first time since 2019 to attend the annual shareholder weekend for Berkshire Hathaway Inc, including the company's annual meeting on April 30.

Warren Buffett is welcoming tens of thousands of people to Omaha, Nebraska for the first time since 2019 to attend the annual shareholder weekend for Berkshire Hathaway Inc, including the company's annual meeting on April 30.

Warren Buffett's Berkshire Hathaway Inc will hold its annual shareholder meeting in person on Saturday for the first time since before the pandemic, but the extravaganza dubbed "Woodstock for Capitalists" is likely to see fewer people and pared-back events.

Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares 10% higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation.