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With minerals deal, Ukraine finds way to secure Trump support
In signing a minerals deal, Ukraine has found a new way to tie the United States to its future, but it remains to be seen if it can guarantee long-term support from mercurial President Donald Trump. But he said that from an economic perspective it can only be read as "something positive, in terms of giving the United States a long-term stake in Ukraine."
Amazon revenue climbs 9%, but outlook sends shares lower
Amazon reported a nine percent rise in first-quarter revenue on Thursday, but its outlook fell below expectations, sending its share price lower. But this was lower than what analysts had expected.
US stocks boosted by gains in Microsoft, Meta
Wall Street stocks rallied Thursday after strong results from Microsoft and Facebook parent Meta offset lingering worries about an economic slowdown.
McDonald's profits hit by weakness in US market
Fast food giant McDonald's reported a drop in first-quarter profits Thursday as US traffic from low- and medium-income customers diminished amid economic anxiety in the wake of President Donald Trump's trade wars. Shares of McDonald's fell 1.3 percent in afternoon trading. jmb/aha
US-Ukraine minerals deal: what we know
Washington and Kyiv have signed a new minerals deal that will see the United States invest in Ukraine's rare earth and other deposits as it seeks to reduce military aid to the war-torn country. Kyiv says "rare earth metals are known to exist in six deposits" and an investment of $300 million would be needed to develop a deposit at Novopoltavske, which it claimed was one of the world's largest.
GM cuts 2025 outlook, projects up to $5 bn hit from tariffs
General Motors pledged Thursday to take additional steps to boost its US supply chain after projecting a $4-5 billion hit to the US auto giant's 2025 earnings from President Donald Trump's tariffs. GM postponed its earnings conference call until Thursday after Trump's tariffs move.
Sheinbaum says agreed with Trump to 'improve' US-Mexico trade balance
Mexican President Claudia Sheinbaum said Thursday that she had spoken with her US counterpart Donald Trump and agreed to work toward improving the trade balance between the two nations.
IKEA opens new London city centre store
Swedish furniture giant IKEA on Thursday opened a new store in the heart of London's shopping district, with a flurry of balloons, flags -- and giant meatballs. Some shoppers held Swedish and UK flags as they posed for photos with a giant meatball, as others browsed the store, which it is hoped will help regenerate Oxford Street after the closure of several big-name outlets.
Microsoft raises Xbox prices globally, following Sony
Microsoft announced Thursday that it will increase Xbox console prices worldwide, citing "market conditions" just days after Sony made a similar move with its PlayStation 5. In mid-April, Sony announced price increases for several PlayStation 5 models in select markets, including Europe but notably excluding the United States.
AFP
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