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May 12 (Reuters) – Defence and cybersecurity company Thales and ArianeGroup said they had successfully carried out the first firing of a new long-range French rocket launcher, the FLP-t 150, this month. • “This first flight test validates the studies and underscores the value this first complete system offered,” the companies said in a joint statement. • Rockets launched from the FLP-t 150 can travel beyond 150 kilometres (93 miles), […]

FRANKFURT, May 12 (Reuters) – Bayer on Tuesday reported a 9% gain in first-quarter operating profit, well above market expectations and driven mainly by revenues from soy seeds at its agricultural business. Quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, came in at 4.45 billion euros ($5.23 billion). That surpassed average analyst expectations of 3.93 billion euros, based on a consensus posted on the company’s website. Earnings […]

May 12 (Reuters) – India’s Nifty IT index tumbled 3.6% on Tuesday to its lowest level since May 2023, as a weak earnings outlook and fears of slowing demand for traditional IT services rattled investors. Analysts at HSBC said in a Tuesday note that fourth-quarter earnings and fiscal 2027 outlooks from India’s top-tier IT firms largely missed expectations, adding that strong global artificial intelligence spending could be “crowding out” spending […]

May 12 (Reuters) – Mexico’s state oil company Pemex said late on Monday that a fire in a cooling tower inside its Salina Cruz refinery in Oaxaca had been brought under control. Pemex said six injured people had been taken to hospital, with no risk to the nearby population. (Reporting by Shubham Kalia in Bengaluru; Editing by Tom Hogue) Brought to you by www.srnnews.com

FRANKFURT, May 12 (Reuters) – Siemens Energy will accelerate its standing share buyback programme after posting a 42% increase in pre-tax free cash flow, the company said on Tuesday, benefitting from demand for data centres to power artificial intelligence technology. The company, which released preliminary results last month alongside a raised outlook for the current fiscal year, said it would buy back up to 3 billion euros worth of stock […]

CONCORD, N.H. (AP) — As a high school student in the 1970s, Lori Guess looked forward to packing up her oboe for a summer music camp in Sidney, Maine. The lakeside location and loon calls appealed to her, and it was a chance to connect with kindred spirits. Decades later, she’s still going to camp there. A separate band program was created for adults in 2013, where she felt encouraged […]

TOKYO (AP) — Asian shares traded mixed early Tuesday as optimism encouraged by a record rally on Wall Street clashed with anxiety about surging oil prices and a possible AI bubble. Japan’s benchmark Nikkei 225 added 0.7% to 62,881.03. South Korea’s Kospi dropped 1.2% to 7,726.30, in what analysts are categorizing as fallout from overreliance on fraying AI hopes. “Global equities remain dangerously dependent on a tiny cluster of AI […]

VIENNA (AP) — Competition starts Tuesday at the Eurovision Song Contest, with divisions over Israel’s participation hanging over the 70th birthday of the over-the-top pop music extravaganza. Host city Vienna has been bedecked in hearts and the contest’s “United by Music” motto for a week in which singers and bands from 35 countries will compete onstage for the continent’s musical crown. But five countries — Spain, Ireland, the Netherlands, Slovenia […]

HONOLULU (AP) — Two states could try a new way to reduce the influence of corporations and hard-to-track “dark money” groups that have been able to spend unlimited amounts on politics since the Supreme Court’s 2010 Citizens United v. Federal Election Commission ruling. Hawaii lawmakers on Friday sent a bill to the governor that would redefine corporations in a way that precludes spending on elections. A volunteer group in Montana […]