BUSINESS

General Electric Co on Tuesday said fresh COVID-19 pandemic-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and prompting a sell-off in its shares.

General Electric Co on Tuesday said fresh COVID-19-related lockdowns in China as well as the war in Ukraine have exacerbated supply chain disruptions and inflationary pressure, putting its full-year profit outlook at risk and plunging its shares.

It is too early to say if Poland will ask the European Union for approval to extend capacity market support for coal-fuelled power plants, Polish climate minister Anna Moskwa said on Tuesday.

The U.S. Consumer Financial Protection Bureau (CFPB) will focus on promoting industry competition and scrutinizing the outsized influence Big Tech firms have in the marketplace, its director told the Senate Banking Committee during a hearing on Tuesday.

The U.S. Consumer Financial Protection Bureau (CFPB) will promote industry competition and scrutinize the outsized influence Big Tech firms have in the marketplace, its director will tell the Senate Banking Committee during a hearing on Tuesday, according to prepared testimony the committee published on Monday afternoon.

Ford Motor Co on Tuesday started regular manufacturing of its F-150 Lightning electric pickup truck, the most prominent emblem of the 119-year-old company's drive to retool for a new century.

Elon Musk's move to buy Twitter for $44 billion has raised concerns about the depth of executive talent at his more valuable company, electric carmaker Tesla Inc, in case his attention is further divided by the social media platform.

Japanese Prime Minister Fumio Kishida on Tuesday urged the central bank to maintain its ultra-loose monetary policy, brushing aside the idea of using interest rate hikes to prevent further declines in the yen.

Moldova urges calm after blasts in Russia-backed region

Japan has prepared an emergency relief package worth $103 billion to cushion the economic blow from rising raw material costs, and plans further steps later this year to promote long-term reforms, Prime Minister Fumio Kishida said on Tuesday.

Commercial electric vehicle (EV) startup Volta Trucks on Tuesday unveiled two smaller zero-emission truck models that will start production in 2025, opening more options for urban deliveries and in EU markets with restrictions for Sunday operations.

Indian tycoon Mukesh Ambani is betting a shopping palace within a $1 billion Mumbai business showcase will tap into surging demand for Western luxury goods, installing his Reliance empire as a portal through which most of the biggest brands must pass.

Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia's biggest aviation market, travel data firm OAG said on Tuesday.

Twitter Inc and its advisers were not sure at first how seriously to take him.

Palestinian killed during Israeli West Bank 'counter-terrorism' raid

Shipping group Maersk, often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of the year, even as it raised full-year guidance driven by high container freight rates.

Twitter has long been more talk than money

Orange, France's biggest telecoms operator, said high growth in its Africa and Middle East operations offset declines in revenue in its home market and Spain in the first quarter.

Swiss logistics group Kuehne + Nagel reported on Tuesday a 162% surge in its first-quarter net earnings, citing strong demand for capital and consumer goods.

Novartis said on Tuesday its first quarter core operating income rose 3%, helped by a rebound at generic drugs unit Sandoz and a surge in prescriptions for heart failure treatment Entresto.

Novartis said on Tuesday its core operating income rose 3% in the first quarter as sales growth from new drugs offset unfavourable currency effects, but fell short of analyst estimates.

Santander reported a surge in first-quarter profit on Tuesday and reiterated financial targets for 2022, buoyed by higher revenues in Europe though higher costs and lending pressure in Brazil weighed on its shares.

Spain's biggest bank Santander reported a surge in first-quarter profit on Tuesday and reiterated financial targets for 2022, buoyed by higher revenues in Europe which offset rising costs in South America.

HSBC profits slide as Ukraine war worsens inflation

Computers using light rather than electric currents for processing, only years ago seen as research projects, are gaining traction and startups that have solved the engineering challenge of using photons in chips are getting big funding.

After decades of ups and downs, British carmaker Aston Martin Lagonda is charting a more efficient and profitable way forward, leaning on technology from shareholder Mercedes-Benz to make the costly leap to electric vehicles (EVs).

HSBC has shelved plans for new stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical tensions and economic weakness dented its prospects.

HSBC has shelved plans for fresh stock buybacks this year after reporting an unexpected hit to its capital on Tuesday, as a cocktail of rising inflation, geopolitical drama and economic weakness dented its prospects.

HSBC Holdings posted a 27% drop in quarterly profit on Tuesday and nixed the possibility of more buybacks this year, while it blamed rising inflation and economic uncertainty due to the Russia-Ukraine conflict for denting its prospects.